Travelers to cease writing cargo at Lloyd’s
US carrier Travelers is exiting cargo business at Lloyd’s.
Aspen Re Dubai Dubai and Miami offices to close
Aspen is closing the Dubai and Miami offices of its reinsurance operations and transferring business from Lloyd’s China to its Singapore arm as it looks to create a more streamlined platform under its new management team.
Neon cites retro crunch as it shuts down Bermuda and exits cat reinsurance
Lloyd’s (re)insurer Neon will cease writing property treaty reinsurance and intends to close its Bermuda platform as a result of hardening in the retro market.
Talanx commits to carbon neutral operations in Germany
German (re)insurer Talanx has agreed to the United Nations’ Principles for Responsible Investment as well as operating with a net-zero carbon footprint in Germany.
LMA publishes cyber property and marine clauses to aid market clarity
The Lloyd’s Market Association has published a number of clauses for the property and marine markets to help clarify cyber cover under first-party property damage policies and to start to address the issue of silent cyber in policies.
Allianz partners with Microsoft to streamline the insurance process
Insurer Allianz SE has partnered with Microsoft on a strategic partnership that aims to make the insurance process easier while creating a better experience for insurance companies and their customers.
Energy and marine underwriters to be impacted by EU Turkey sanctions
Energy and marine underwriters are likely to be impacted by the EU’s decision this week to introduce new sanctions designed to stop Turkey drilling off the coast of Cyprus, according to specialist law firm Elborne Mitchell.
Lloyd’s Broker SSL Endeavour to Launch Latin America-Focused MGA in Miami
Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (SSL Endeavour) will launch a managing general agent (MGA) based in Miami, and a trio of senior hires to support growth in Latin America.
Set to begin the 1st January 2020, the new operation will concentrate predominantly on building construction, energy and power generation business throughout Latin America, operating under a brand name which will be confirmed at launch.