News

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

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

Reinsurance

Reinsurers will take bulk of P&I claim after Baltimore bridge collapse

AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.   27 March 2024

Insurance

AXA XL reveals new global chief underwriting officer for marine

He will assist with pricing, risk aggregation and global product strategy.   27 March 2024

Reinsurance

Lloyd’s: pivotal to facilitating growth in LatAm

Lloyd’s remains central to the growth plans of many carriers targeting the Latin American region. Dawn Miller, Commercial Director, and Hank Watkins, Regional director and President, Americas, Lloyd’s, spoke to Intelligent Insurer.   27 March 2024

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