Lloyd's

The platform will be able to facilitate a wide range of structured investment opportunities, which could include standardised documentation that managing agents can adapt.

The detailed document lays out plans for reform to capital provision, claims and services administration and distributing risk.

Lloyd’s CEO John Neal has pledged to take action on the results of a culture survey completed by over 6,000 market participants.

Investment returns lifted the overall result but Typhoon Jebi claims hit the reinsurance segment.

The Corporation has committed to getting SIABs up and running in 90 days.

ILS proposals must add value, Lloyd’s CEO John Neal said as he discussed which ILS priorities are quick wins and which are on the back-burner.

Trading Risk looks at the dominant themes that the ILS market will be discussing at the 63rd Monte Carlo Reinsurance Rendez-Vous in September.

Lloyd’s CEO John Neal said that cutting back the number of “lead” underwriters in the market would be key to paring overall operating costs.

Some four to six carriers are working on rated collateralised vehicles, following in the footsteps of Lumen Re and Humboldt Re, according to Aon managing director of ILS management Steve Britton.

The City Council looks to add to its traditional protection.

ILS participants have speculated that the syndicate in a box may be one avenue they can use to access Lloyd’s.

The new framework will be put in place in 2020 to help manage the market’s risk appetite and performance.