Lloyd's

COP27 recap: The climate debate pivots to metrics and resilience

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

Marcel Le Gouais, 21 November 2022
Lloyd’s estimates net Hurricane Ian losses at $2.3bn-$3bn

The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.

Rachel Dalton, 18 November 2022
Commissioner Donelon on litigation threat: Louisiana is not the new Florida

The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.

Fiona Robertson, 01 November 2022
Lloyd’s to allow more capital flexibility on cat growth for top-performing syndicates

New flexibility will enable top-performing syndicates to raise cat exposures under the Lloyd’s LCM 5 framework, without a penal increase in the required capital.

Aisling Finn, 22 September 2022
Lloyd's a ‘compelling alternative’ to ILS managers: Ariel Re

The Lloyds-centric reinsurer has become a signatory member of the Standards Board for Alternative Investments.

Liz Bury, 01 September 2022
Premia enters into LPT for Hiscox Syndicate 33

The loss portfolio transfer reinsures around $116mn of the group’s share of Syndicate 33 reserves from between 1993 and 2018.

Aisling Finn, 17 August 2022
Beazley Smart Tracker lands approval for full syndicate status

Business will be written directly into Syndicate 5623 from 1 January 2023.

Rachel Dalton, 17 August 2022
Lloyd’s expands London Bridge functions to add XoL coverage

The move would enable the Lloyd’s ILS platform to access investors with lower risk-return appetites after launching with quota share options only.

Fiona Robertson, 03 August 2022
Lloyd’s revises cat exposure and line size guidance to £200mn limit

Lloyd’s said it did not expect the majority of syndicates to be impacted by the change

Martha Muir, 23 June 2022
Lloyd’s demands more cat and ESG information in 2023 plans

Ahead of a market message on 2023 business plans, Lloyd’s has set out early expectations on inflation, ESG and management of cat volatility.

Aisling Finn, 18 May 2022
Third-party capital would instil more competitive dynamics at Lloyd's: panel

Lloyds and London "a little bit missing" in enabling creative dialogue'

Liz Bury, 03 May 2022
Keese: Lloyd's in talks to bring more flexibility to London Bridge Risk

Lloyd’s CFO and COO Burkhard Keese told delegates at the London ILS 2022 Conference that the platform’s scope will widen beyond quota share structures.

Marcel Le Gouais, 27 April 2022