Coverys mulls closure of DTW Syndicate 1991
Coverys Managing Agency Limited (CMAL) has said it is considering the possibility of placing DTW Syndicate 1991 into run-off for 2021.
MS Amlin names chair Slabbert CEO of Lloyd’s business as Clementi steps away
Lloyd’s (re)insurer MS Amlin Underwriting Limited (MS AUL) has named Johan Slabbert as CEO, succeeding Tom Clementi, who will step down from his position as CEO at the end of October.
Aspen to restart writing professional liability at Lloyd’s following 2018 retrenchment
Aspen is to re-enter the Lloyd’s professional liability market two years after its decision to withdraw, citing the improvement in conditions seen in the line of business.
Argenta retrenches from marine hull at Lloyd’s
Hannover Re-owned Argenta Syndicate 2121 is to cease writing standalone marine hull business at Lloyd’s, The Insurer can reveal.
Lloyd’s chairman repeats call for new UK gov-backed reinsurer
Bruce Carnegie-Brown has once again mooted the creation of a new systemic risk reinsurer that would provide backstop cover for perils such as cyber and pandemic that threaten the resilience of the UK economy.
Banks agree fronting solution to bypass imminent Lloyd’s caps on LoCs
In response to Lloyd’s decision to cap its exposure to banks’ letters of credit (LoCs), financial institutions have effectively created fronting arrangements among themselves to mitigate the impact of the Corporation’s new restrictions, The Insurer can reveal.
Ark syndicates 4020 and 3902 greenlit for 25% pre-emption
Upsized Lloyd’s insurer Ark has received approval for its two syndicates – 4020 and 3902 – to expand their collective stamp capacity by 25 percent next year, one of the larger increases on Lime Street in 2021, The Insurer can reveal.
Lloyd’s report: Visible representation key to attracting more diverse workforce
An important new report from Lloyd’s has revealed that ‘visible representation’ in an organisation of a diverse workforce will make the industry more attractive and improve the experience of black and minority ethnic (BAME) people working in the Lloyd’s market.
MS Amlin names chair Slabbert CEO of Lloyd’s business as Clementi steps away
Lloyd’s (re)insurer MS Amlin Underwriting Limited (MS AUL) has named Johan Slabbert as CEO, succeeding Tom Clementi, who will step down from his position as CEO at the end of October.
Lloyd’s insurer Apollo confirms Panter and Wilson hires
Apollo Syndicate Management has confirmed the arrival of Axa XL’s Richard Panter as head of specie and cargo at Apollo Syndicate 1969, a move first revealed by this publication in July.
Syndicate 2525 adds Tully to international casualty team
Asta-managed Syndicate 2525 has hired James Tully as an underwriter within its international casualty team.
Canopius renewable energy team departs
Canopius’ head of renewable energy Maarten Mulder and his three Amsterdam-based colleagues that lead the insurer’s renewables offering are leaving the company, The Insurer can reveal.