Lloyd’s of London news

Aon’s agreement with Blackstone over the much-discussed reinsurance facility at Lloyd’s named Cortina was signed this week and now the parties have announced its launch, while the London Bridge 2 insurance-linked securities structure appears to have been utilised in the funding of the new syndicate.

A new report published by Argenta Private Capital Limited (APCL) estimates a return on capital of more than 18% for its clients investing in the Lloyd’s of London market for 2026, but emphasises that profits are expected to narrow heading into 2027 as rates continue to soften.

Ahead of the Singapore International Reinsurance Conference (SIRC), executives from Howden Re and Howden Capital Markets & Advisory (HCMA) emphasized that regional cedents should incorporate alternative capital into their broader toolkits to negotiate deeper partnerships and maximize optionality as reinsurers seek growth across Asia-Pacific (APAC).

Aon’s CEO Greg Case explained today that the scale of emerging client needs means the broker has to look beyond the traditional insurance and reinsurance market for capital, such as in the recent example of a partnership with an alternative asset manager.

Global re/insurer Generali is the latest to enter the Lloyd’s market with what seems a sidecar-like syndicate as a way to enhance and make its reinsurance arrangements more efficient, while the announcements points to the potential for alternative and capital markets to be involved.

As industry focus grows on designing efficient structures to enable capital to connect with reinsurance risk, Lloyd’s has issued guidance on its expectations for any broker-originated reinsurance structures, which is a strategy that Lloyd’s itself believes is likely to see increasing demand.

This new video features the opening panel discussion of the day at our recent Artemis London 2026 catastrophe bond and insurance-linked securities conference, a session exploring how Lloyd’s market participants are accessing institutional investor capital through the UK based ILS structure London Bridge.

Investors backing insurance-linked securities funds under the management of Cedar Trace Capital Management are expected to provide some of the capital to support the planned launch of a $300m Lloyd’s syndicate for the 2027 underwriting year, by group company Cedar Trace Underwriting.

Insurance Capital Markets Research (ICMR) has launched a new index to enhance its reporting for insurance investors that promises to enhance the transparency of investing into the Lloyd’s insurance and reinsurance market, while providing useful data to help in capital deployment decision making.

Descartes Underwriting, the parametric risk transfer specialist, and OAK Global, the specialist Lloyd’s underwriting company, has announced Descartes’ approval as a Coverholder at Lloyd’s, which will see the firm underwrite parametric policies through OAK Global’s Syndicate 2843, bringing new risks to the London market.