lloyd’s of london

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Nephila a reinsurer to Boost-backed cyber risk insurtech Cowbell

Nephila Capital, the largest manager of mainly catastrophe and weather insurance linked securities and reinsurance linked assets, has lined up as one of the reinsurers supporting a technology-led cyber insurance company named Cowbell Cyber, signalling a step in the direction of specialty lines underwriting.Cowbell Cyber is an insurtech that leverages read the full article →

Hamilton hires Sforza from PartnerRe to lead U.S. property reinsurance

Hamilton Insurance Group, the Bermuda based insurance and reinsurance holding company, has announced the hiring of Brad Sforza, previously of PartnerRe, to the role of Head of Property Reinsurance for its U.S. reinsurance platform.Hamilton has been building out a U.S. property reinsurance platform within its Hamilton Re operation, with a read the full article →

Lloyd’s Performance Management Director Jon Hancock to depart

Jon Hancock, the Lloyd's of London insurance and reinsurance market's Performance Management Director is to step down in 2020 with no replacement for his position currently named.His role will be a tough one to fill in the market, given the wide-ranging expertise required to deliver on performance in a market read the full article →

How much does it cost to secure a future for Lloyd’s? £300m+ it seems

How much does it cost to strategise, design and implement a healthy and sustainable future for the Lloyd's of London insurance and reinsurance market? UK £300 million, at least, it seems.Lloyd's has announced that it has secured £300 million of debt to cover the near and medium-term cash requirements of read the full article →

Key considerations for Lloyd’s on third-party capital initiatives: A.M. Best

As Lloyd's of London seeks to develop initiatives to attract more third-party, ILS and alternative reinsurance capital to it, rating agency A.M. Best warns of a number of considerations it feels are key for the market to consider.Lloyd's recognises that if it doesn't modernise and adapt to the changing insurance read the full article →

Hamilton to run-off Acapella syndicate at Lloyd’s, citing lack of return

Hamilton Insurance Group is placing its Acappella Syndicate 2014 (Acappella) into run-off, citing an expected inability to produce adequate returns and adding to the Lloyd's of London market casualties of recent months.Hamilton's Acapella syndicate, which it acquired as part of the Pembroke deal, is the second Lloyd's operation in less read the full article →

First Syndicate-in-a-Box at Lloyd’s to feature parametric risks from Munich Re

German reinsurance giant Munich Re is set to be the sponsor of the first "Syndicate-in-a-Box" to be launched under the new Lloyd's rules that aim to make it simpler for start-up underwriting operations to access the benefits of being a Lloyd's market participant.Lloyd's created the so-called syndicate-in-a-box to provide a read the full article →

Lloyd’s ambitious Blueprint to help ILS capital participate more easily

Lloyd's of London has revealed an ambitious "Blueprint One" which lays out a strategy to "build the most advanced insurance marketplace in the world" part of which includes new capital rules and processes and a goal to make it simpler for ILS capital to access the market.Blueprint One is the read the full article →

Nephila using Phinsys tech to support Lloyd’s managing agency efficiency

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities (ILS) and weather risk assets, is working with financial technology software and service provider Phinsys on the launch of its Lloyd's managing agency.Nephila, through its recently approved and soon to launch independent Lloyd’s managing agency Nephila Syndicate Management read the full article →

Lloyd’s central fund ILS deal “not off the table” (but not actively pursued)

An insurance-linked securities (ILS) transaction to protect the Central Fund of the Lloyd's insurance and reinsurance market is "not off the table" according to executives speaking at a media briefing today.Lloyd's of London is actively seeking ways to bring new forms of third-party capital more meaningfully into the market, partly read the full article →