Independent Lloyd’s managing agency Apollo Syndicate Management Ltd (Apollo) has received “in principle” approval to launch a £130mn SPA Syndicate 1971 to operate alongside its existing Syndicate 1969.
Russell Group founder Suki Basi provides the solution to the connected risk dilemma
The expectation is growing that Syndicates trading in 2019 will do so with higher capital requirements compared to this year and in many cases with reduced top-lines.
Despite the third quarter’s flurry of US and Asia cat events and the heavy Europeans storms earlier this year, cat reinsurers at Baden-Baden remain privately pessimistic about the prospect of 2019 seeing an uptick in rates.
Miller has confirmed it has entered into a definitive agreement to acquire Dutch-owned London market wholesaler Alston Gayler, as previously predicted by Re-Insurance.
Cincinnati Financial Corporation is to gain a foothold in the Lloyd’s market with the acquisition of Munich Re’s MSP Underwriting - which operates through Beaufort Underwriting Agency and Syndicate 318.
Ascot Group, the Lloyd’s (re)insurer owned by the Canada Pension Plan Investment Board (CPPIB), has launched Ascot Insurance US, following the completion of its previously announced acquisition of two US insurance companies.
Axa XL insurance has named Dan Curran as chief underwriting officer for its London Market Wholesale business.
The former QBE CEO John Neal has formally begun his new role as the CEO of the Corporation of Lloyd’s today with a welcome from the man who ultimately selected him, chairman Bruce Carnegie-Brown.