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Arcus 1856 hires head of North America property treaty from Markel

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, has hired Nick James from Markel to become its underwriting manager for North America property treaty reinsurance.James had been working at Markel International as managing read the full article →

Lloyd’s envisions digital access to ILS investment opportunities

Lloyd's of London has published a vision of insurance-linked securities (ILS) investments being made available through a digital system where investors can specify their own risk, return and other requirements.Yesterday, the Lloyd's insurance and reinsurance market published its awaited prospectus, representing a brave new strategic direction, with six key initiatives read the full article →

Lloyd’s promises capital flexible access to risk in new strategy

Lloyd's of London, the world's oldest and most traditional marketplace for insurance and reinsurance underwriting, has promised six key changes in its new strategic direction, one of which is allowing flexible capital access to a diverse set of risks written in the market.Lloyd's prospectus was released today, dubbed the "The read the full article →

Lloyd’s wants risk exchange tech. Lloyd’s Lab just selected one

The Lloyd's of London insurance and reinsurance market is set to be a focus in the coming days, with a new strategy and reform agenda set to be revealed in the awaited "Prospectus" that's due to be published next week.The Lloyd's Prospectus is expected to include details on a range read the full article →

“Structurally unprofitable” underwriting adds urgency to Lloyd’s reforms

The subject of reforming the Lloyd's insurance and reinsurance market, including ideas on modernisation, capital, costs and more, is being treated with more urgency than ever before, as its underwriting remains "structurally unprofitable" analysts say.Lloyd's has been on a modernisation journey since as long ago as the mid- to late-1990's. read the full article →

Credit Suisse backed Arcus 1856 premiums rose 58%, loss narrowed in 2018

Arcus Syndicate 1856 at Lloyd’s, which is backed by third-party funds under the management of the Credit Suisse insurance and reinsurance linked investment strategies team, grew its gross premiums written by an impressive 58% in 2018.At the same time the Arcus 1856 syndicate narrowed its losses, despite the still heavy read the full article →

Lloyd’s can “nurture” alternative capital: CFO John Parry

The Lloyd's insurance and reinsurance market can "nurture" alternative sources of capital, CFO John Parry just explained in a press briefing, as the world's oldest risk market looks to take a more open-minded approach to helping investors access its underwriters returns.Of course the gradual opening up to alternative sources of read the full article →

Lloyd’s 2018 results “not of the standard” expected: John Neal, CEO

Lloyd's of London stands at a "critical juncture" the market itself admitted today, while CEO John Neal said that the 2018 annual results reported today are "not of the standard that we would expect."Lloyd's reported an aggregated market loss of £1 billion for 2018, after the second consecutive year when read the full article →

Lloyd’s “prospectus” set to deliver third-party capital & ILS friendly message

Lloyd's of London, the oldest and most unique marketplace in the world for placing insurance and reinsurance business, is set to adopt a friendlier tone when it comes to third-party capital and ILS, according to observers and market participants.Lloyd's is set to deliver its so-called "prospectus" along with its annual read the full article →

Fuchsia Capital PCC registered for UK ILS, understood to be for Beazley

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 →