Lloyd's

The Corporation has committed to getting SIABs up and running in 90 days.

ILS proposals must add value, Lloyd’s CEO John Neal said as he discussed which ILS priorities are quick wins and which are on the back-burner.

Trading Risk looks at the dominant themes that the ILS market will be discussing at the 63rd Monte Carlo Reinsurance Rendez-Vous in September.

Lloyd’s CEO John Neal said that cutting back the number of “lead” underwriters in the market would be key to paring overall operating costs.

Some four to six carriers are working on rated collateralised vehicles, following in the footsteps of Lumen Re and Humboldt Re, according to Aon managing director of ILS management Steve Britton.

The City Council looks to add to its traditional protection.

ILS participants have speculated that the syndicate in a box may be one avenue they can use to access Lloyd’s.

The new framework will be put in place in 2020 to help manage the market’s risk appetite and performance.

Opening up opportunities for different forms of capital is a key part of the Lloyd’s vision for a future of increased efficiency and lower costs.

The prospectus released this month made a play to appeal to investors seeking passive investment strategies and to allow Lloyd’s syndicates to attract more follow-form capacity.

Is ILS a sufficient part of Lloyd’s vision for a future of increased efficiency and profitability? There were certainly overtures to alternative capital in the Lloyd’s prospectus launch this week.

A digital approach to defining investor appetite and return expectations is one way Lloyd’s could benefit the ILS market in the future, John Neal said at the market’s prospectus launch today.