Helios considers capital raise to target 2021 growth plans
Lloyd’s investment vehicle Helios said it is considering options to finance additional capital to support plans to increase its underwriting capacity in 2021.
Potential for London Market political risk contraction as Covid bites and carriers exit
Covid-19 could lead to a contraction in aggregate stamp capacity within EC3’s credit risk, contract frustration and political risk markets in the next two to five years, with some carriers already placing their operations into run-off, a new report from Arthur J Gallagher highlights
New products needed as Covid-19 heightens intangible assets’ role: Lloyd’s
The Covid-19 outbreak has heightened the emphasis on the role that intangible assets play in modern-day industry, and the pandemic has only served to increase companies’ exposure to new risks impacting them, according to a new report jointly published by Lloyd’s and KPMG.
TMK Syndicate 510 loss forecasts rise due to Covid-19 deterioration
Tokio Marine Kiln (TMK) has seen a deterioration of more than three percentage points in its latest forecasts for Syndicate 510 on the back of deterioration in Covid-19 claims estimates.
A sneak preview of the new Lloyd’s ahead of re-opening
In four weeks’ time from today, the Lloyd’s trading floors reopen for the first time since 19 March. The Insurer takes a peak to see how it will be different…
Lloyd’s appoints Spyropoulos as CEO of Lloyd’s Asia
Lloyd’s has appointed Pavlos Spyropoulos as country manager for Singapore and chief executive of Lloyd’s Asia.
Soros-backed Vibe engages WTW to sell Lloyd’s run-off business
The Soros-backed Vibe Syndicate Management Ltd – which placed its Syndicate 5678 into run-off at the end of last year – has engaged Willis Towers Watson (WTW) to advise on an exit solution for its capital providers, The Insurer can reveal.
Lloyd’s can only write German reinsurance business via Brussels from October
Managing agencies will only be able to provide reinsurance to German cedants via the Lloyd’s Brussels platform from the end of October unless the UK secures Solvency II equivalence before then, the Corporation has warned.
Lloyd’s appoints Spyropoulos as CEO of Lloyd’s Asia
Lloyd’s has appointed Pavlos Spyropoulos as country manager for Singapore and chief executive of Lloyd’s Asia.
Axa XL appoints leadership team for UK & Lloyd’s
Axa XL has appointed Elie Hanna, Luis Prato and Martin Turner onto a client-facing leadership team for the group’s UK & Lloyd’s region, effective immediately.
Brit’s Ki names Hearsum as managing director
Brit’s newly launched digital follow-only Lloyd’s syndicate Ki has named former Marsh JLT Specialty digital strategy head Dan Hearsum as managing director.
Lloyd’s insurer Apollo hires Axa XL specie and cargo duo
Apollo Syndicate Management – the Lloyd’s insurer named in honour of Neil Armstrong’s 1969 moon landing – has hired two senior specie underwriters from rival Axa XL, Richard Panter and Charlotte Wilson, The Insurer can reveal.