MAP Underwriting: best performing multi-line Lloyd’s syndicate in 2019
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.
Carnegie-Brown provides Covid-19 leadership with “jeopardy” warning
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 granted Lloyd’s nod for new managing agency
Blenheim Underwriting has been granted ‘approval in principle’ by Lloyd’s to establish a new managing agency.
Seven-fold increase in investment return drives Lloyd’s to £2.5bn FY profit
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 solvency ratio slips 33 points as Covid-19 hits assets
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.
Covid-19 sell-off wipes £1.8bn from Lloyd’s investments
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.
Ark hires five-strong Neon D&F team
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 establishes PI book with former Neon team
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.
Hancock delays Lloyd’s exit while Corporation vows to stay open during pandemic
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.
AFL looks to HSB’s Stephen for binding authority leader
Expansive Lloyd’s broker AFL has appointed Sarah Stephen as head of binding authorities.
Lloyd’s names Miesowitz US General Counsel as Gunset exits
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.