syndicate

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.

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 business. Demand for treaty […]