-
Other firms such as Lexington, QBE and Zurich ranked among the top 20 underwriters in the six counties with highest exposure to Ian.
-
Darren Lednor will become managing agent, while Mark Pickett will be active underwriter.
-
The charter includes rules on how the LMA will tackle substandard behaviour.
-
The syndicate will now pivot “in a very robust and determined fashion” into renewables and green tech, according to CUO Dominick Hoare.
-
Adoption of the core data record and intelligent market reform contract (iMRC) will be fundamental to the success of the Blueprint Two modernisation programme.
-
Lloyd’s has postponed milestones against work on specifications for a new digital gateway and the build of a proportional treaty system.
-
As it became clearer that the Fort Myers area was facing 150 mph winds, sources started to talk about loss estimates with a $30bn floor.
-
The former head of innovation at Lloyd’s Trevor Maynard has joined InsurTech Sotera as the company prepares to raise a seed investment round.
-
LIMOSS and Vitesse will deliver the claims service, which is part of the Blueprint Two reforms, and are offering discounts to syndicates signing up in H1 2023.
-
Rising reinsurance rates provide both an opportunity and a challenge for the Lloyd’s market.
-
New flexibility will enable top-performing syndicates to raise cat exposures under the Lloyd’s LCM 5 framework, without a penal increase in the required capital.
-
Chief of markets Patrick Tiernan said the Corporation will also launch a disaster scenario exercise with the market, looking at China, Taiwan and the US.