Lloyd’s of London news

While it is deemed that “the advantages of Lloyd’s as an investment destination remain strong,” a new report from broker Aon and the Lloyd’s Market Association (LMA) concludes that a lighter touch and less complex access point for investors could serve to boost the attractiveness of Lloyd’s for alternative allocators.

Investor sentiment for accessing the specialist Lloyd’s insurance and reinsurance marketplace is very strong as scepticism around the market following some turbulent years has eased on the back of impressive results, according to executives at Argenta Private Capital Limited (APCL).

The Lloyd’s insurance and reinsurance market has just reported a stellar set of results, featuring growth, a lower combined ratio, higher underwriting profit, all underscoring the health of the market and the opportunity for capital to derive returns there, so it’s no surprise speakers at our conference this week and our sources tell us the […]

Howden Capital Markets & Advisory (HCMA), the insurance and reinsurance broker’s capital markets and insurance-linked securities (ILS) specialist unit, has appointed Des Potter as an Independent Non-Executive Director for its UK business.

Speaking with Artemis after the completion of Ambac Financial Group’s acquisition of a 60% stake in Beat Capital Partners, executives John Cavanagh and Naveen Anand told us that third-party capital in general and the ILS market are seen as key capacity for the group going forwards.

A new venture seeks to create an efficient investment access point to the returns of the best-performing Lloyd’s of London syndicates, with start-up Solasta Innovation putting together an experienced team and planning to leverage the London Bridge 2 PCC insurance-linked securities (ILS) structure to channel investor funds to underwriters.

Having first secured an innovative cover with capital markets backing for its Central Fund back in 2021, the Lloyd’s market has renewed this in 2024 and this time the protection will run for a five-year term, while a chunk is again collateralised by a major investment bank.

Broking giant Aon has announced the hire of Ed Thomas as its new Head of Lloyd’s Capital, with the new addition bringing experience gained in the development of the London Bridge insurance-linked securities structures specific to the Lloyd’s marketplace.

NormanMax Insurance Holdings, the US based parametric insurance and reinsurance group launched by former Universal founder and CEO Bradley Meier, has begun offering a parametric retrocession product that is underwritten via its recently launched Lloyd’s syndicate.

In a move signalling acceptance of alternative sources of risk and reinsurance capital in the market, the Lloyd’s Market Association (LMA) has named to its Board Adam Beatty, Chief Executive Officer of Nephila Syndicate, the Lloyd’s operation of ILS manager Nephila Capital.