lloyd’s of london

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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 →

ILS investors show “huge interest” in Lloyd’s currently: CFO, Burkhard Keese

Insurance-linked securities (ILS) fund managers and investors are showing "huge interest" in accessing the returns of the Lloyd's market currently, according to its CFO Burkhard Keese.Speaking this morning during an analyst briefing on the interim results of the Lloyd's insurance and reinsurance market, Keese answered our question on whether Lloyd's read the full article →

Nephila could expand capacity for January if price improvements continue

In a sign that reinsurance market pricing has returned to more rational levels, the largest manager of catastrophe and weather insurance linked assets, Nephila Capital, could seek to expand its capacity for the January renewals if price improvements seen continued.That's according to analysts from Morgan Stanley who met with one read the full article →

Nephila’s independent Lloyd’s managing agency ready for launch

Nephila Capital, the largest investment manager of insurance and reinsurance linked securities (ILS) and weather risk assets, is nearing launch of its own independent Lloyd’s managing agency.Assisted by Lloyd's servicer and third party managing agent Asta, Nephila Capital is ready to launch its Nephila Syndicate Management Ltd. managing agency at read the full article →

Beazley names Roscoe to lead smart tracker syndicate 5623

Lloyd’s specialist insurance and reinsurance player Beazley has named employee Will Roscoe as the new leader for its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623.Beazley launched its SPA Syndicate 5623 at the beginning of 2018, with the vehicle taking a 75% quota share of broker facilities read the full article →