Lloyd’s of London
End of Year Review 2025: Liiba’s Chris Croft
Chris Croft, the CEO of the London & International Insurance Brokers’ Association, describes the UK government’s financial services strategy as “depressingly insurer focused” and imagines an AI persona with a 1986 style perm in honour of footballer Charlie Nicholas.
Lloyd’s launches investigation into former CEO Neal’s conduct
Lloyd’s has launched an investigation into former CEO John Neal looking into an alleged workplace affair.
Ex-Lloyd’s CEO John Neal no longer joining AIG
John Neal will no longer be joining AIG as president due to “personal circumstances”, the insurer has announced.
Hadron confirms 10 MGA deals as its nears £200m UK GWP
Hybrid carrier Hadron has today revealed plans to enter the European Union after confirming it expects to end 2025 with over £200m in gross written premiums in the UK.
ERS parent snapped up in deal that will create 9th largest Lloyd’s insurer
Starr has entered into a definitive agreement to acquire ERS owner IQUW Group, a deal which will make it the ninth-largest agency operating at Lloyd’s.
Lloyd’s COR jumps up as GWP hits £32.5bn in first half of the year
Lloyd’s has reported an increase in its combined ratio to 92.5% in the first half of 2025 up from 83.7% in the same period last year.
Gracechurch: Lockton on the up, disrupting ‘Big 5’ in 2025 broker ranking
Marsh, Aon and Howden continue to feature as the most respected brokers in the London market, according to an annual ranking from research consultancy Gracechurch.
People Moves: 4 – 8 August 2025
Follow the latest personnel moves in insurance.
Business solutions company buys Lloyd’s broker
Liberty Blume has bought Lloyd’s broker PHL Insurance Brokers in its first strategic M&A transaction.
South African insurer relaunches in the UK
Santam, Africa’s largest short-term insurer, has been granted in-principle approval by Lloyd’s to launch Santam Syndicate 1918.
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product
Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product.
People Moves: 2 – 6 June 2025
Follow the latest personnel moves in insurance.
ERS appoints new MD
Specialist motor insurer ERS has promoted Martin Hall to the new role of managing director, taking responsibility for the performance of Lloyd’s Syndicate 218.
MGA Optio launches PVT product with Lloyd’s backing
Specialty managing general agent Optio Group has re-entered the political violence and terrorism market, securing Lloyd’s of London backing.
Ex-Aviva boss Tiernan named new CEO at Lloyd’s
Patrick Tiernan has landed the top job at Lloyd’s being promoted to CEO, the marketplace has confirmed.
Lloyd’s bound Convex releases 2024 results
Convex Group grew gross written premiums by 22% last year to $5.17bn (£4bn) as its combined operating ratio improved to 87.6% from 89.6% in 2023.
Lloyd’s CEO hails “outstanding financial performance” in 2024
Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before.
Insurers launch dual Lloyd’s/company market stamp capacity for brokers
Lloyd’s insurer MS Amlin and its sister company Mitsui Sumitomo Insurance Company (Europe) (MSIG UK), have announced plans to expand their London Market footprint with the launch of a new dual-stamp underwriting capability.
Lloyd’s sets scene for full-year results as COR ticks up to 86.9%
Lloyd’s has unveiled a combined operating ratio of 86.9% for 2024, with gross written premium rising to £55.5bn, in a trading update ahead of its full results later this month.
Specialty insurer becomes latest Lloyd’s entrant with Syndicate 1984
Convex Group, the specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1984, which will start underwriting in April 2025.