Vessel insurance in focus after US strikes on Venezuela January 6, 2026 The waters surrounding Venezuela see significant maritime traffic. However, following US air strikes on the country on Friday, an insurance body has advised shipowners to consult with underwriters before sailing. Venezuela is home to the largest proven oil reserves on earth, resulting in busy trade via its waters. Puerto Cabello is the country’s busiest port, [...]
AIG dropped John Neal’s appointment after ‘alleged workplace relationship’ November 19, 2025 The former chief executive of Lloyd’s of London, John Neal, had his offer from AIG pulled after alleged inappropriate workplace relationship came to light. Neal was in a leadership position at Lloyd’s for over six years, having joined from QBE, where he was the group CEO for over five years. He was set to join Aon as [...]
Lloyd’s of London CFO leaves role with Prem Rugby club Saracens November 18, 2025 Lloyd’s of London’s chief financial officer Alexandra Cliff has left her role as director of Prem Rugby club Saracens after less than a year. The former Direct Line Group, StarStone, and AJ Gallagher figure was appointed as a director of Saracens on 25 November last year following the departure of former chief executive Mark Thompson [...]
Fidelis launches new Lloyd’s syndicate with backing from Blackstone October 31, 2025 The Fidelis Partnership (TFP) has announced the launch of Syndicate 2126 with backing from Blackstone, expanding its footprint in the Lloyd’s of London market just 18 months after entering. The new syndicate followed in-principle approval from Lloyd’s and will be managed alongside Fidelis’ existing Syndicate 3123. Blackstone has committed dedicated three-year capacity to back the [...]
The Long Tail: The crucial role of Managing General Agents September 17, 2025 As the fastest-growing segment in property and casualty (P&C) insurance globally, managing general agents (MGAs) are attracting significant investment and playing a crucial role in closing the protection gap. MGAs utilise capital from large insurers to underwrite on their behalf, allowing insurers access to specialised product lines without having to build in-house capabilities. In the [...]
Lloyd’s of London BluePrint Two delayed, again September 4, 2025 The world’s leading insurance and reinsurance market, Lloyd’s of London, has delayed the rollout of its strategy to digitalise the market for the fourth time. Blueprint Two was launched six years ago, labelled an “ambitious strategy” by the market. The programme was pitched as delivering a “profound” change in the market through digitalisation. Lloyd’s, together [...]
Higher interest rates boost Lloyd’s of London September 4, 2025 Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]
Beazley: Shares slump after profit falls August 13, 2025 Shares in Lloyd’s of London insurance group Beazley fell more than 11 per cent after the company reported a sharp drop in profit for the first half of 2025. Beazley reported a profit before tax of $502.5m (£371.9m) for the six months ending 30 June 2025, down from the $728.9m reported in the first half [...]
Hiscox shares jump after firm lifts buyback despite wildfire losses August 6, 2025 Shares in Lloyd’s of London insurer Hiscox jumped more than 10 per cent in early deals this morning after the company hiked its share buyback. Overall, the group posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the group increased capital returns on the back of substantial investment income. [...]
Lloyd’s chair says marketplace must ‘extend’ leading position July 1, 2025 The new chair of Lloyd’s has vowed to “strengthen and extend” the insurance marketplace’s industry leading position after the sector was identified as a ‘frontier industry’ in the government’s newly minted Industrial Strategy. In a speech seen exclusively by City AM, Sir Charles Roxburgh hailed the “success of Lloyd’s and the London insurance market”, saying [...]