Lloyd's

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.

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.