Lloyd’s News

Specialist Lloyd’s Underwriter Marketform Announces Senior Appointments

Specialist Lloyd’s underwriter Marketform has announced a number of senior appointments, which are designed to strengthen its leadership team under the new chief executive officer, Martin Reith. With the strategic review of the business nearing completion, the task force, which …

Aon Renews Shortline Railroad Excess Liability Facility

Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018. The Aon Shortline Railroad Excess Liability Facility, backed by the security of Lloyd’s …

Endurance Hires Quartly to Launch International Casualty Insurance Business

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Giles Quartly has joined the company senior vice president, head of International Casualty Insurance. Quartly will be responsible for Endurance’s international general liability …

A.M. Best Affirms Ratings of Beazley’s Lloyd’s Syndicates & US Insurer

A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a+” of Beazley’s Lloyd’s Syndicates Syndicates 2623, 623, 3623 and 3622. The outlook for all ratings remains positive. A.M. Best also has affirmed …

Lloyd’s Underwriter Marketform Appoints Lednor as Chief Underwriting Officer

Specialist Lloyd’s underwriter Marketform announced that Darren Lednor, formerly the active underwriter of Ariel Syndicate 1910 and 6117, has joined as chief underwriting officer. Lednor has been working in the insurance industry for 20 years across both the London and …

ANV Increases Lloyd’s Underwriting Capacity for M&A Cover

ANV Global Services Ltd., the managing general underwriter (MGU) segment of specialty insurance group ANV Holdings, announced an increase in its Lloyd’s underwriting capacity for mergers and acquisitions insurance. The increased line offers a limit of €30 million ($32.7 million) …

Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business

Specialist Lloyd’s underwriter Marketform announced it no longer will write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of Marketform’s general liability account. “Alongside its shareholder, American Financial Group, …

UK’s Towergate and Ageas Announce 5-Year Capacity Deal

Towergate and its subsidiary Arista, a Lloyd’s coverholder, have formed a partnership with the insurer Ageas, which will provide capacity of £60 million ($82.9 million), each year for the next five years. The capacity will be used for Arista’s commercial …

Capital Adequacy Is Key Strength of Reinsurers in Difficult Market: S&P

Strength of capital and good enterprise risk management are two of the main reasons the global reinsurance industry will be able to maintain a stable outlook during 2016 from Standard & Poor’s Ratings Services, despite the many competitive pressures it …

What Will ‘Brexit’ Mean for London’s Financial Center? Some Questions Answered

The U.K.’s looming in/out referendum on European Union membership, which may come as early as June, has sparked jitters, with analysts predicting declines in everything from London property prices to the pound. But what would so-called Brexit really mean for …