Lloyd's

Bitcoin specialist AnchorWatch secures Lloyd’s capacity ahead of December launch

Cryptocurrency-focused MGA AnchorWatch has secured Lloyd’s coverholder status as the start-up readies itself to begin underwriting coverage from December.

Annex gets coverholder status and unveils new residential flood program

Annex has secured Lloyd’s coverholder status in a move that will allow the flood-focused insurtech MGA to bring a new surplus lines private flood offering for residential properties to market.

MIC Global seeks to become coverholder of Greenlight Re’s Syndicate 3456

Digital micro insurance provider MIC Global has said it intends to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456, in a move designed to leverage both firms’ collective resources to drive greater innovation at Lloyd’s.

Arcadian eyes balance sheet platform to support growth after passing $1bn GWP mark

Arcadian Risk Capital is weighing options to launch a balance sheet platform, including a potential rated Lloyd’s or Bermuda vehicle, and is engaging (re)insurers to add to its existing capacity panel as it looks to onboard new underwriting teams, The Insurer can reveal.

Carbon obtains in-principle approval for US program-focused Syndicate 5757

Specialist MGA Carbon Underwriting has received in-principle approval from Lloyd’s to launch Syndicate 5757 on 1 January 2025.

Axa XL’s Hughes exits to launch Agile Syndicate 2427’s marine business

Axa XL’s head of hull for the UK and Lloyd’s David Hughes has resigned to join Agile Underwriting Syndicate 2427 as part of the Australian MGA’s launch into the marine market.

NormanMax Syndicate 3939 commences underwriting

US-based parametric (re)insurance group NormanMax insurance has commenced underwriting through its new Lloyd’s Syndicate 3939.

Delos secures Lloyd’s capacity to expand wildfire cover to CA vacant properties

Expansive wildfire insurance-focused MGA Delos Insurance Solutions is expanding its offering to cover California policyholders with vacant properties after partnering with a number of Lloyd’s syndicates.

Aventum-owned MGA Rokstone acquires Lloyd’s box

Aventum Group-owned specialty (re)insurance MGA Rokstone has acquired a box at Lloyd’s.

Nardac gets Lloyd’s capacity for new $50mn BESS program

Nardac Insurance Services has secured capacity support from a panel of eight Lloyd’s syndicates to begin underwriting battery energy storage system project risks, with the firm able to offer limits of up to $50mn per location, Program Manager can reveal.

Cyber SPA 1925 targets $70mn GWP in debut year but ambitions much greater

MGA and modelling firm Envelop Risk’s special purpose arrangement, Envelop SPA 1925, is on schedule to write $70mn cyber (re)insurance GWP in 2024 after a strong January launch.

Parsyl more than doubles Lloyd’s-backed cargo capacity to $55mn

Insurtech cargo insurance consortium Parsyl has more than doubled the amount of capacity it can offer through its Essential Consortium to $55mn after securing additional support from new and existing Lloyd’s-based backers.

Trade secret insurtech Crown Jewel adds three (re)insurers for Chaucer-led policy

Insurtech and Lloyd’s coverholder Crown Jewel Insurance has secured three additional (re)insurance companies - Apollo Syndicate Management, Tokio Marine Kiln Syndicates and Greenlight Reinsurance - to support its trade secret insurance policy.

Pen Underwriting takes box at Lloyd’s

Arthur J Gallagher’s UK-based MGA Pen Underwriting has taken a box at Lloyd’s for its specialist marine team.

LatAm-focused MGA Redline approved as Lloyd's coverholder

MGA Redline Underwriting has been approved as a Lloyd's coverholder, in a move the firm said will strengthen its ability to offer facultative reinsurance solutions to the Latin American market.

Carbon Underwriting receives strategic investment from Apiary Capital

London-based MGU Carbon Underwriting has received a significant strategic investment from UK private equity firm Apiary Capital.