Lloyd's

Lloyd’s third-party backed syndicates remain on course for narrow 2020 YoA loss

2022-08-18T15:56:00+01:00

Lloyd’s saw an aggregate deterioration of 0.6 percent of capacity at the midpoint of forecasts for the 2020 year of account (YoA) during the second quarter, driven by the impact of the challenging investment environment.

Premia – Lloyd's

Premia’s LPT with Hiscox takes Lloyd’s reserves assumed to ~$1.7bn

2022-08-18T07:28:00+01:00

Premia’s loss portfolio transfer (LPT) with Hiscox Syndicate 33 marks the run-off carrier’s fourth major transaction at Lloyd’s since acquiring its managing agency and syndicate in March 2020.

Beazley smart tracker growth

Beazley’s Smart Tracker gets Lloyd’s approval to become full syndicate

2022-08-17T09:24:00+01:00

Beazley’s Smart Tracker Syndicate 5623 has received in-principle approval from Lloyd’s to transition from its current special purpose arrangement (SPA) model into a full market-facing syndicate.

PROBITAS – Lloyd's

Probitas 1492 targets 22% stamp increase for 2023 following H1 profit surge

2022-08-17T07:26:43.567+01:00

Probitas 1492 plans to lift its stamp capacity by 22 percent in 2023 on the back of an 86 percent increase in underwriting profit in the first half of the year, with the Ash Bathia-led Lloyd’s insurer becoming the latest syndicate to add double-digit headroom to its plan for next ...

Lloyd's Cyber

Lloyd’s toughens cyber stance to ensure liability for state-backed attacks is excluded

2022-08-16T18:00:00+01:00

Lloyd’s is to introduce new requirements for managing agents to exclude liability for state-backed attacks from all standalone cyber policies as of 31 March next year.

Mike Sibthorpe – Coverys

Coverys brings in Sibthorpe as CEO of managing agency

2022-08-16T08:30:00+01:00

Coverys Managing Agency has appointed Mike Sibthorpe as CEO with the executive replacing Rob Forster at the helm.

Apollo

Apollo 1969 plans 2023 stamp increase to £530mn

2022-08-12T07:23:00+01:00

Apollo’s Syndicate 1969 plans to increase its stamp capacity by ~18 percent in 2023, becoming the latest syndicate to add double-digit headroom to its Lloyd’s plan for next year, The Insurer can reveal.

Beazley – Lloyd's

Beazley “smart tracker” syndicate plans 66.66% stamp increase for 2023

2022-08-10T07:33:00+01:00

Beazley’s Smart Tracker Syndicate 5623 is planning to increase its stamp capacity by approximately two thirds in 2023, The Insurer can reveal.

Mike Sibthorpe – Coverys

Coverys brings in Sibthorpe as CEO of managing agency

2022-08-16T08:30:00+01:00

Coverys Managing Agency has appointed Mike Sibthorpe as CEO with the executive replacing Rob Forster at the helm.

Talbot

Talbot AIG marine hull exits continue with Carpenter and Ewen

2022-08-05T09:53:00+01:00

AIG’s Lloyd’s platform Talbot has seen two further departures from its marine hull unit, with senior class underwriter Edward Carpenter and class underwriter Benjamin Ewen having tendered their resignation in recent days, The Insurer can reveal.

Peter Laidlaw – Atrium

Atrium appoints Laidlaw active underwriter as Drysdale moves to advisory role

2022-07-29T11:57:00+01:00

Lloyd’s specialist insurer Atrium Underwriters has appointed Peter Laidlaw as active underwriter of Syndicate 609, effective 1 January 2023.

Ed Gaze – Innovative Risk

Lloyd’s Lab’s Gaze to become Innovative Risk Labs CEO

2022-07-26T14:53:00+01:00

Former Lloyd’s Lab head Ed Gaze is to join Innovative Risk Labs as CEO next month.

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