Lloyd's

Natural catastrophe losses were up year-on-year, but without fresh Covid losses the London market returned to profit.

Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.

Edwards will begin his new role in October and comes as TigerRisk looks to expand its P&C team.

Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport.

The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.

Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.

Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.

JP Morgan took 75% of the £650mn reinsurance deal, which reduced credit risk and showed that the insurance market has regained the trust of the financial services industry, Lloyd’s CFO said.

Constellation Re, a Guernsey-based cell backed by the investment bank, joins eight reinsurers in providing the cover.

The covered agreement provisions will ease the flow of US business into London.

he consortium and follow-only SIAB a targeted for a 1 January 2022 launch.

The Reinsurance Specialty Equity Index will serve as an equity proxy to compare against the aggregate results of the Lloyd’s market as a whole.