
Lloyd’s

Lloyd's gets tough on cyber war carve-backs
Corporation’s chief of markets, Patrick Tiernan, warns of the potential of capital loadings and downgrades for syndicates that fail to take appropriate action to segregate systemic risks from core cyber covers

Consultation reveals positive response to Data Council's PRR proposals
Process, roles and responsibilities consultation finds ‘no fundamental disagreement’ with any of the proposals to support market’s digitalisation, but ‘further clarification’ advised on some elements

Fowle to succeed Harries as Atrium CEO
Richard Harries to step down after nine years at the helm of the Lloyd’s insurer, to be succeeded by outgoing Chaucer chief executive

Chaucer CEO Fowle to step down
Chief financial officer Rob Callan named interim chief executive until a successor is appointed

TMK forms standalone cyber division
Lloyd's insurer says change will support growth of the cyber line of business

Volante Global launches in Singapore
The new business will provide re/insurance solutions across the region through Volante’s Lloyd’s syndicate

Inigo swoops on Axis for cyber lead
Lloyd’s carrier hires James Creasy to spearhead cyber insurance entry

Ariel Re names Partington Howarth chief capital officer
Former Axis Re executive will oversee capital strategy, including sourcing external capital and managing investor relations at the Lloyd’s re/insurer

Lloyd’s and Tokio Marine join exit from Net-Zero Insurance Alliance
Organisations stress they remain committed to the transition to net zero as exits from the sustainability initiative accelerate

Helios swings to £1.3m loss as underwriting profits plunge
Lloyd's acquisition vehicle's gross written premiums climb 113% to £244m in 2022 as Michael Wade named chairman designate

Lloyd’s cyber exclusions ‘misrepresented’: CFC's Newman
The new war wording was never meant to exclude all nation state-backed attacks, the MGA’s chief executive says, as he brands the Lloyd’s exclusion a ‘PR disaster’

Lloyd's hires Beazley's Turk as chief underwriting officer
Corporation appoints Beazley's group head of strategy Rachel Turk to support the continued improvement of the market's underwriting performance
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