Lloyd's

The Corporation needs to make it easier for capital in all its forms to come to the marketplace, Lloyd’s said in its prospectus launched today.

Both primary and reinsurance segments incurred losses for the ILS syndicates operating at Lloyd’s in 2018.

Is this both the best and worst of times for the ILS market?

Part of the solution to lowering costs at Lloyd’s could be more employment of ILS, said Michael Wade, non-executive chairman at TigerRisk.

The Lloyd’s CFO said the corporation wants to nurture ILS capital within its framework.

Syndicate 2357 had escaped a reinsurance loss in 2017 but the segment fell to an $84.2mn loss in 2018.

The Securis SPA faced the highest deterioration in underwriting losses as Nephila and Arcus both improved their combined ratios.

The marketplace’s pre-tax loss halved to £1bn as the combined ratio improved to 104.5 percent.

The London Corporation could offer accredited investors the chance to participate in specific risks.

What does it say about the insurance market that for every new fund or facility that is launched as a passive or index tracker-style initiative, it seems that another existing one is unwound?

Lloyd's was at “a pivotal moment” in its history, said CEO John Neal.

The fund manager invested in ordinary shares of the fund, exposed to losses from 2017.