On the eve of its twentieth anniversary, Lloyd’s insurer MAP Underwriting has won the accolade of best performing multi-line syndicate with a combined ratio of 75 percent in 2019, analysis by The Insurer shows.
As political pressure grows on insurers across the globe to Coronavirus-related claims even if there are valid exclusions in place, the Lloyd’s chairman has warned the industry it could be “in jeopardy” if they succeed.
Blenheim Underwriting has been granted ‘approval in principle’ by Lloyd’s to establish a new managing agency.
A strong investment return of £3.54bn has pushed Lloyd’s to a profit in 2019, marking a return to the black for the Corporation last seen in 2016.
Lloyd’s central solvency ratio has slipped 33 percentage points in the year-to-date as a result of the global capital market turmoil driven by the spreading coronavirus.
Lloyd’s estimates it has taken a current investment hit of £1.8bn as a result of the recent global capital market turmoil driven by the spreading coronavirus.
Lloyd’s insurer Ark will shortly apply for a Lloyd’s pre-emption to accommodate a well-regarded D&F property team and give the managing agency headroom to absorb the continuing rate increases in the class.
Ascot has hired Antonio Bellanca and three of his former Neon underwriting colleagues to strengthen its capabilities in the non-US international professional indemnity market.
Lloyd’s outgoing performance management director Jon Hancock is to extend his notice period by two months as the Corporation responds to the escalating coronavirus crisis.
Expansive Lloyd’s broker AFL has appointed Sarah Stephen as head of binding authorities.
Lloyd’s has promoted Sabrina Miesowitz to US General Counsel as Joe Gunset leaves the role after almost twenty years at the Corporation for an advisory position at McGlinchey Stafford.