Lloyd’s confirmed a contract has been signed with DXC Technology and the International Underwriting Association (IUA) in an agreement that will build the solutions to digitalize, streamline and fully automate processing for the Lloyd’s and London market. Lloyd’s described the …
Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …
Nephila, the Bermuda-based insurance-linked securities manager, has funded its newly launched Syndicate 2358, with capital provided through London Bridge Risk PCC (LBR PCC), a Lloyd’s-sponsored protected cell company. The new transaction provides reinsurance capital from a diverse group of investors, …
Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a carrier’s long-term capital, plus the ratings, global licenses and …
Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in January 2022. Continuous contracts form a key part of the Future at Lloyd’s vision for delegated underwriting, said Brit. The …
Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading scientists and liability practitioners, MCI said it will be the world’s first and only …
Apollo Syndicate Management, the independent specialist insurer and reinsurer, announced it has received Lloyd’s approval to establish and manage ibott Syndicate 1971 for the 2022 year of account. It has also been granted permission to underwrite in accordance with the …
LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …
Climate protesters spilled a 1,000 liters (220 gallons) of fake oil outside Lloyd’s of London Friday, part of a campaign to draw attention to the finance industry’s financing of fossil fuels. The activists were protesting the insurance marketplace’s underwriting of …
Specialist insurer Beazley has received in-principle approval from Lloyd’s to launch Syndicate 4321 from Jan. 1, 2022. Once fully approved, the syndicate will focus exclusively on offering additional capacity to businesses that perform well against environmental, social and governance (ESG) …
