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Argo expands use of third-party capital in its Lloyd’s Syndicate 1200

International specialty insurance and reinsurance firm Argo Group is deepening its relationship with third-party capital investors by expanding the use of investor money, alongside its own, in its Lloyd's of London Syndicate 1200.Argo is no stranger to third-party capital and letting capital market investors work alongside its to share in read the full article →

Nephila Capital’s Syndicate 2357 ups premiums written in 2014

Lloyd’s of London Syndicate 2357, the first syndicate to enter the Lloyd’s reinsurance market backed by an insurance-linked securities player in Nephila Capital, has increased its gross written premiums by 136% to $33.3m for the 2014 year of account.That's a big increase from the $14m of gross premiums underwritten at read the full article →

Nephila Capital’s Syndicate 2357 reports first results

Lloyd’s of London Syndicate 2357, the first syndicate to enter the Lloyd’s reinsurance market backed by an established insurance-linked securities player in Nephila Capital, reported its 2013 results recently which show a profitable start for the unique Lloyd's business.Syndicate 2357 is 100% backed by the world’s largest manager of insurance-linked read the full article →

Nephila Capital’s Syndicate 2357 capacity lifted to £72.5m for 2014

Lloyd’s of London Syndicate 2357, the first syndicate to enter the Lloyd's reinsurance market backed by an insurance-linked securities player , Nephila Capital, has an increased capacity of £72.5m for 2014, according to a report by economists at Moody's Analytics.Syndicate 2357 is 100% backed by the world's largest manager of read the full article →

ILS investor capital could enter Lloyd’s like Acappella syndicate

The approval this week at Lloyd's of London of Acappella Syndicate 2014 could be a demonstration for a mechanism that would allow third-party and alternative reinsurance capital to become serious participants in the Lloyd's insurance and reinsurance market.Acappella Syndicate 2014 is the first time in the Lloyd's insurance and reinsurance read the full article →

Ironshore to convert special purpose syndicate to permanent Lloyd’s syndicate

Bermuda based insurance and reinsurance holding company Ironshore is to become the first firm to successfully convert a special-purpose Lloyd's of London syndicate into a permanent syndicate backed by third-party capital from Lloyd's Names.This is a good example of another avenue through which third-party capital can gain access to the read the full article →

Catlin could raise up to $500m through alternative capital structures

Reuters reports today that the chief executive of Catlin, one of the largest syndicates at Lloyd's, Stephen Catlin, suggested that they could seek to raise up to $500m to take advantage of the trend for rising catastrophe insurance prices after the heavy toll of disasters so far this year.In an read the full article →

Lloyd’s syndicates turning to sidecars, reinsurance too expensive

Lloyd's of London insurers Beazley and Amlin are both turning to sidecars as a way to increase their reinsurance capacity at a time when retrocessional reinsurance is proving expensive.Beazley is discussing the possibility of creating a new Lloyd's special purpose syndicate to operate as a sidecar to its treaty reinsurance read the full article →