Reinsurance News
Lloyd’s of London news
Lloyd’s of London insurance and reinsurance market news, covering the happenings at the world’s oldest reinsurance market housed in the iconic Lloyd’s building in the City of London.
SureGo receives Delegated Claims Authority from Lloyd’s
31st March 2025
The North American and European operations of SureGo Administrative Services (SureGo), a sister company of Trawick International and a third-party administrator for international and special risk insurance, have received Delegated Claims Authority (DCA) from Lloyd’s, the global insurance and reinsurance marketplace. As an approved Lloyd’s DCA, SureGo can administer accident and ... Read the full article
Flood Re secures £140m in flood retro with debut cat bond
17th March 2025
To bolster its financial resilience against UK flood risks, Flood Re has successfully launched its first catastrophe bond, Vision 2039 – Series 2025-1, securing £140 million in retrocession reinsurance coverage. This transaction is a first for the UK flood insurance scheme, and with it Flood Re marks its entry into ... Read the full article
Lloyd’s pegs LA wildfire loss at $2.3bn as FY’24 GWP rises 6.5%
10th March 2025
The specialist Lloyd's insurance and reinsurance marketplace has announced a net loss estimate of around $2.3 billion for the Los Angeles, California wildfires, as the market reports another strong year of underwriting profit and top-line growth. Lloyd's is scheduled to release its full year 2024 results on March 20th but has ... Read the full article
ICMR forecasts Lloyd’s CoR well below 90% despite high nat cat activity in 2024
5th March 2025
Lloyd’s of London is poised for another impressive year, with Insurance Capital Markets Research (ICMR) forecasting a combined ratio well below 90%, despite significant catastrophe losses in 2024. This outlook is based on results from 21 of the 27 listed companies that own Lloyd’s businesses, which make up the RISX equity ... Read the full article
Canopius selects Qubit as first Lloyd’s Coverholder for digital asset insurance in APAC
27th February 2025
Qubit, a specialist managing general agent (MGA) focusing on digital asset risks, has been approved as a Lloyd's of London Coverholder by Canopius for digital asset insurance in Asia Pacific. This partnership establishes Qubit as the first and only domestic carrier in the Hong Kong market to offer products with the ... Read the full article
Lloyd’s platform benefits most attractive for strategic gains, poll suggests
21st February 2025
Following Convex Group's recent approval in principle for syndicate 1984 at Lloyd's and AIG's launch of syndicate 2478, we asked our readers their thoughts on the strategic advantages driving these global re/insurers' ventures into the world's oldest insurance and reinsurance marketplace. Most respondents (41%) cited the benefits of the Lloyd’s platform ... Read the full article
Lloyd’s launches two new Enhanced Yield Liquidity Funds
19th February 2025
Global insurance and reinsurance marketplace Lloyd’s has expanded its Investment Platform through the launch of two new Enhanced Liquidity Funds. The two new funds, denominated in Euros and British Pounds, will be joining the existing US Dollar fund. These Enhanced Yield Liquidity funds have been designed for long-term strategic cash holdings at ... Read the full article
Ariel Re’s third-party capital platform secures first round of funding
30th January 2025
Global reinsurer Ariel Re has announced the successful completion of the first fundraising round for its new third-party capital vehicle, Ariel Re Capital Partners (ARCP). Launched in 2024, ARCP provides a streamlined investment process for smaller investors seeking access to the Lloyd's of London marketplace, removing the requirement to establish a ... Read the full article
Argenta and Helios launch 2025 round of Starter Homes investment vehicles
30th January 2025
In a joint initiative with Lloyd's focused investment vehicle, Helios Underwriting, Argenta Private Capital Limited (APCL) has launched the 2025 round of the Starter Homes investment vehicles. “Starter Homes offer investors access to Lloyd’s via a rental fee, without the need to own the underlying capacity, which allows investors to put ... Read the full article
Lloyd’s London Bridge investment platform hits capital deployment of $1.92bn in 2024
20th January 2025
At the end of 2024, Lloyd’s London Bridge risk transformation platform reportedly reached a capital deployment milestone of $1.92 billion, alongside $2.55 billion committed from institutional investors. As per a new announcement from the leading marketplace for insurance and reinsurance, eight Lloyd's managing agents are now actively utilising the London Bridge ... Read the full article
Polo Insurance Managers launches new Guernsey reinsurer Clockwork Re
15th January 2025
PoloWorks group expands its insurance offerings with the launch of Clockwork Re, a Category 4 Commercial General Reinsurer established in Guernsey by its subsidiary, Polo Insurance Managers (PIM). Founded by Dhruv Patel, Clockwork Re has now been granted regulatory approval from the Guernsey Financial Services Commission (GFSC). The company aims to capitalise ... Read the full article
Hawkes Bay Underwriting resumes status as Lloyd’s of London Coverholder
2nd January 2025
Hawkes Bay Underwriting (HBU) Marine, a Managing General Agent (MGA) in the Asia-Pacific region, has resumed its status as a Lloyd's of London Coverholder after several years on pause. Established in 2008, HBU has been delivering specialised insurance and reinsurance solutions to clients for over a decade. The company provides a broad ... Read the full article
Crescent Specialty achieves Lloyd’s of London Coverholder status
19th December 2024
Crescent Specialty, an MGA and Wholesale Brokerage firm, has announced that it is now a Lloyd's of London Coverholder. Headquartered in Houston, Texas, Crescent Specialty is an independent, employee-owned business initially dedicated to the energy and marine industries. The company combines industry veterans with emerging talent to ensure professionalism, creativity, and long-term ... Read the full article
Somers receives approval for Lime’s inaugural Syndicate 3705
16th December 2024
Lime Syndicate Management Limited (Lime), the wholly owned subsidiary of Somers Group Holdings Ltd., a global specialty property and casualty (P&C) reinsurance group, has received all regulatory approvals to operate as a Lloyd's Managing Agent. Lime’s first syndicate under management will be Somers 3705. Somers 3705 will commence underwriting on January 1, ... Read the full article
Lloyd’s to set benchmark for regulatory competitiveness: LMA
13th December 2024
According to Paul Davenport, Finance & Risk Director at the Lloyd’s Market Association (LMA), the Lloyd's Market has made notable progress towards its objectives of reducing the burden of compliance with financial reporting for participating, particularly towards plans to reduce the volume and frequency of reporting for technical provisions and ... Read the full article
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