News

Insurance

Richard Brindle returns to Lloyd’s market after 26 years with Fidelis syndicate 3123

Fidelis MGU gets in principle approval to spearhead new Lloyd’s syndicate.   29 March 2024

Alternative Risk Transfer

Lloyd’s ILS platform London Bridge can sweep up $1bn capital in ‘24

Nearly all new structures at Lloyd’s have tied onto the ILS platform: CFO Keese.   29 March 2024

Insurance

Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims

Losses maybe ‘manageable’ but will add pressure to the marine market, analysts warn.   28 March 2024

Operational Risk

Lloyd’s further delays Blueprint Two platform: stage one due Oct. ‘24

‘We won’t move the market to phase one … unless we are confident the technology works.’   28 March 2024

Insurance

Baltimore a ‘complex and expensive loss’, but well inside Lloyd’s budget

Claims ‘not outside the normal levels or expectations of what we should see in a given year’.   28 March 2024

Insurance

The rise and rise of E&S—where would Florida be without it?

Changes in the admitted markets and Lloyd’s specifically have led to the rapid growth of the excess and surplus lines markets in the US—a phenomenon that is showing no sign of slowing, Jason Liu, chief executive of insurtech Zywave, tells Intelligent Insurer.   28 March 2024

Insurance

Lloyd’s built 2023 margin gain on distance to large loss, despite PYD

New reserves hit specialty, including more RU-UA aviation sums, plus casualty.   28 March 2024

Insurance

GIC completes acquisition of Miller

GIC has acquired Cinven’s shares in the UK broker to support its long-term strategy.   28 March 2024

Insurance

Topsail Re in joint venture with Bishop Street to drive MGA growth

Topsail Re will co-invest in Bishop Street and provide capacity to MGAs.   28 March 2024

Insurance

Beazley to offer additional follow capacity to Brit’s Lloyd’s syndicate Ki

Ki anticipates ‘material increase’ in the follow capacity it can offer in 2024.   28 March 2024

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