Browsing: Lloyd’s

Ascot’s Lloyd’s Syndicate 1414 saw its profits decline in 2024 due to significant losses from catastrophes, including storms and the Baltimore Bridge collapse.

Ascot’s Lloyd’s Syndicate 1414 experienced a profit decline in 2024, significantly impacted by high catastrophe losses, including the Baltimore Bridge collapse and severe weather events.

Lloyd’s, the premier re/insurance market, announced a decrease in profits before tax for 2024 due to a rise in claims attributed to major catastrophe events.

Despite increased losses, Lloyd’s anticipates favorable conditions in the reinsurance market in 2025, particularly due to the impact of the Los Angeles wildfires.

Despite a decrease in pre-tax profit, Lloyd’s emphasizes underwriting discipline and strong capital strength in its 2024 financial results.

Lloyd’s-backed cyber MGA Onda has introduced Onda X, a new cyber insurance product designed to streamline the process for mid-market businesses in the UK and France. Onda X offers significant coverage with an emphasis on user-friendly technology.

Lloyd’s of London released a trading update for 2024, highlighting growth in premiums and underwriting performance, particularly in property and reinsurance.

Acrisure Re, the reinsurance arm of Acrisure, announced new appointments in its Corporate Advisory & Solutions (ARCAS) division, reinforcing its capabilities in funds, pricing, exposure management, and retrospective solutions.

Aventum, the international (re)insurance group, has appointed Jonathan Butcher as non-executive chairman, bringing his extensive Lloyd’s and London market experience to the company.

The Lloyd’s Market Association (LMA) is increasing its direct engagement with the US insurance market to build on Lloyd’s existing substantial presence in North America.