A third protected cell company has been registered and authorised under the UK's Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley.Specialist Lloyd’s focused insurance and reinsurance player read the full article →
Non-traditional capital, managed by insurance-linked securities (ILS) funds or by more traditional underwriters, has "cracked the moat" of the Lloyd's insurance and reinsurance market and is unlikely to leave, but it's still not clear the market has developed its strategy on how best to take advantage of it.Speaking at Lloyd's read the full article →
Specialist Lloyd’s focused insurance and reinsurance player Beazley is set to expand the size of its innovative Smart Tracker product to a stamp capacity of US $133 million for 2019, signaling demand for the product which sits as part of special purpose arrangement (SPA) syndicate 5623.The Beazley Smart Tracker product read the full article →
Arcus Syndicate 1856 at Lloyd’s of London, which is backed by funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has had its business plan for 2019 approved by Lloyd's of London.The syndicate, which underwrites solely on behalf of funds under the management of read the full article →
With Lloyd's of London market participants generally beginning to view the idea of the insurance-linked securities (ILS) having more involvement in and access to Lloyd's as a positive, or at least inevitable, they should be looking to ILS as one way to increase the capital efficiency of their operations in read the full article →
Securis Investment Partners, the London-headquartered insurance and reinsurance linked investment manager, is exiting from the Lloyd’s marketplace as its platforms no longer deliver the returns required by its investor mandates.Securis has been active in the Lloyd’s market for a number of years as a provider of reinsurance and retrocession capacity read the full article →
Global reinsurance giant Munich Re is to simplify its operations in the Lloyd's of London market by selling its MSP Underwriting business which operates through Beaufort Underwriting Agency Limited and underwrites for Lloyd's Syndicate 318, to U.S. re/insurer Cincinnati Financial Corporation.The move will leave the reinsurer with its own branded read the full article →
The Lloyd's of London insurance and reinsurance market has recognised that there are constraints to the way capital can move in and out of the marketplace, leading the Corporation to reveal that it is exploring options to transform the capital framework that underpins it.
The Lloyd's market has put its investigations into the potential use of insurance-linked securities (ILS) to protect its Central Fund on-hold for the moment, according to CFO John Parry.
The Lloyd's of London insurance and reinsurance market improved its result in the first-half of 2018 and underwriters in the market took advantage of rate rises following the 2017 catastrophes to increase the markets premiums written.