Lloyd's

Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.

The syndicate had the second-lowest combined ratio for 2022.

The £50mn syndicate made most of its profits in aviation.

Reserve releases connected to 2017 events helped the segment deliver a 95.6% combined ratio.

The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.

A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.

The deal provides collateralised backing for Riverstone’s mammoth £1.2bn reinsurance-to-close deal struck for MS Amlin and other transactions.

Will Roscoe, who has managed the Smart Tracker since 2019, has been named active underwriter.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

The market share for the storm of 3%-5% is below syndicates’ historical average for US wind events.

The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.

New flexibility will enable top-performing syndicates to raise cat exposures under the Lloyd’s LCM 5 framework, without a penal increase in the required capital.