Lloyd’s of London
Lloyd’s improves underwriting result but investment dip trims H1 profit
Lloyd’s cut its combined ratio to 90.8% in the first half of the year as gross written premium rose against a backdrop of market softening.
Ex-CEO John Neal broke Lloyd’s rules – investigation finds
Following an investigation, the Council of Lloyd’s today concluded the conduct of the former CEO of Lloyd’s John Neal, “fell significantly below the standards expected of [its] senior leaders”.
Multi-million marine war risk consortium launched to support Strait of Hormuz shipping
Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist market partners, on a newly launched consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the…
Aviva Syndicates to launch in September as Probitas name retired
Aviva has confirmed plans to rebrand its Lloyd’s business Probitas 1492 as ‘Aviva Syndicates’.
Incubator launched to help UK brokers move into Europe
Specialist insurance advisor Pro Global has launched a dedicated European platform designed to support UK-based brokers looking to establish and scale operations across the continent.
Sam Geddes named CEO of Santam Syndicate 1918
Santam Syndicate 1918, part of Africa’s largest non-life insurer Santam Group, has appointed Sam Geddes as CEO based in London.
Broking Success: From undesirable to undeniable – Matt McCall, Raw Material Cover
Raw Material Cover founder and CEO Matt McCall describes his journey with his specialist waste and recycling broker as a Cinderella story. He speaks to Jonathan Swift about being invited to the ball at Lloyd’s and the plans for wholesale and…
Raw Group aims to be the Midlands’ preferred Lloyd’s broker after Lothbury swoop
Specialist waste and recycling broker Raw Material Cover has launched a new London market arm and is looking to diversify following the acquisition of Lloyd’s broker Lothbury UK.
Starr completes deal for ERS owner
Starr has completed the acquisition of motor insurer ERS’ parent, IQUW Group.
Lloyd’s reveals ‘strong’ underwriting performance and ‘disciplined’ growth in 2025
Lloyd’s has revealed a 4.2% hike in gross written premium to £57.9bn in 2025, and a new five-year strategy, as pre-tax profit broke through the £10bn barrier.
New event launched to celebrate London as global insurance centre
A new UK insurance event, London Risk Week, has been launched to celebrate the English capital “as a centre of risk transfer and showcase its expertise and experience”.
Convex reveals GWP approaching $6bn and profit growth for 2025 in run-up to AIG deal
Convex Group grew gross written premium by 14% in 2025 to $5.88bn (£4.35bn) as it made a net profit for the third year in a row ahead of sealing investment from AIG.
Survey finds broker loyalty no longer anchored in historical relationships alone
How London Market insurers harness digital technology to improve speed, integration and ease of doing business, is a major determinant on where brokers place their business, according to new research.
MGA launches pharmaceutical recall cover
BluNiche, the specialist product recall managing general agent, has expanded its portfolio to provide dedicated coverage for the pharmaceutical sector.
Zurich reaches agreement with Beazley over potential £8bn takeover
Zurich and Beazley have reached an agreement in principle for a deal worth potentially £8bn, clearing the way for a formal bid.
Beazley shares hit new high as Zurich reveals 1.5% stake in Lloyd’s target
Shares in listed Lloyd’s insurer Beazley hit 1,173 pence yesterday [2 February] after prospective suitor Zurich revealed it had acquired a 1.47% stake in the business as of 30 January.
Amiga Specialty adds IGI and Lloyd’s capacity to ‘core strategic growth area’
Amiga Specialty has secured capacity for its UK and European Transactional Risks team, supported by IGI and Lloyd’s, in its second expansion of the month.
Lloyd’s recruits Bichard from PwC as CFO
Lloyd’s has named Jim Bichard as chief financial officer to start in the role this April succeeding Alexandra Cliff who will be leaving to pursue other opportunities.
MGU recruits NEDs from Google and Microsoft and opens Lloyd’s box
Managing general underwriter Advanced Technology Assurance has recruited a pair of former big tech executives to its board and opened an underwriting desk in Lloyd’s.
Amiga targets SME and mid-market with new Lloyd’s capacity for management liability
Amiga Specialty has secured new Lloyd’s capacity to support its management liability proposition for SME and mid-market businesses across the UK, Europe and select rest of-world territories.
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…