The Lloyd's Market Association has appointed Tokio Marine Kiln (TMK)'s Vivek Syal and Axis Managing Agency's John Owen as board representatives.

Oak Reinsurance has confirmed that its Lloyd’s Syndicate 2843 has received permission to underwrite business incepting from 1 January 2025.

Oak Group has secured backing from Bain Capital and will commence underwriting this week with a planned expansion into Bermuda and the US on the horizon in addition to its start-up Lloyd’s syndicate, The Insurer understands.

QBE has received approval from Lloyd’s to grow the stamp capacity for Syndicate 2999 to £2.15bn ($2.69bn) for 2025, making it one of the Lime Street market's largest underwriting platforms, The Insurer can reveal.

Trium 1322, the Lloyd’s start-up backed by Jim Stanard and Rod Fox, expects to write $179.5mn GWP in 2025, more than double what it is now projecting for 2024.

Tokio Marine Kiln (TMK) has confirmed its flagship Syndicate 510 will operate with a stamp capacity of £2.225bn ($2.8bn) for 2025, reflecting the Lloyd’s platform’s recent merger with sister Syndicate 1880.

Beazley has lowered its profit forecast for SPA 6107’s 2022 open year of account (YoA) by 10 percentage points in its latest quarterly forecast.

The Lloyd’s Art Group’s annual exhibition opens in the Old Library at 9.00 am this morning and will continue until Thursday, showcasing more than 250 pieces of art.

Specialty (re)insurer Chaucer has received approval to grow the stamp capacity for Syndicate 1084 by 11.1 percent for 2025, making it one of the few Lloyd’s syndicates with capacity of £2bn ($2.5bn) or more, The Insurer can reveal.

NormanMax Syndicate 3939, the first Lloyd’s syndicate dedicated to parametric natural catastrophe (re)insurance, has been approved to grow its stamp capacity to £108mn ($136.6mn) for 2025,

Insurance technology provider Ebix Europe has appointed Jeff Ward as sales director.

Peter Welton, Axa XL’s marine, energy and aviation CUO for the UK and Lloyd’s, has departed the business,

Lloyd’s is developing an AI market strategy to examine the risks and opportunities associated with implementing AI and other technology models into underwriting processes, as well as reviewing its principles-based oversight framework.

Underwriting models enhanced by data and digital technologies could drive a “structural shift” in capacity allocation at Lloyd’s, a new report by the Lloyd’s Market Association (LMA) has said.

MIC Global 5183 active underwriter Mark Campbell has resigned after the syndicate opted to cease underwriting new business in 2025,