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Focused on some of the largest commercial and industrial companies across the globe, we provide solutions via the Lloyd's insurance market.We are here to help you embrace risk, and succeed. Lloyd's vehicle Inigo appoints COO – Insurance Insider Inigo Ltd., the insurance vehicle of Lloyd's of London, appointed Karen Graves as COO, Insurance Insider reported. The business began underwriting at the beginning of 2021 following an $830mn capital raise. Newly launched specialty (re)insurance start-up Inigo Limited has completed the previously announced acquisition of Lloyd’s managing agency StarStone Underwriting Limited (SUL) as well as its managed Syndicate 1301 from Enstar and Stone Point Capital. 93. IQUW is a specialty (re)insurer at Lloyd's writing complex risks, developing a new way to combine data, automation & human intelligence to make smart decisions. inigoinsurance.com. 3rd December 2020 - Author: Luke Gallin. Find out more What We Do Technologies. We are here to help you embrace risk, and succeed. Inigo has received approval from Lloyd’s to double its controlled premium to in excess of $850mn in 2022, Insurance Insider can reveal. Inigo Ltd., the insurance vehicle of Lloyd's of London, appointed Karen Graves as COO, Insurance Insider reported. Indigo Underwriters (Denmark) is an outwards branch of Indigo Underwriters Ltd. under the EU Insurance Mediation Directive (Danish companies house number 3461 2323). Welcome to Lloyd’s – the world’s insurance marketplace. Both Indigo Underwriters Ltd and Indigo Underwriters (Denmark) are Lloyd's coverholders with active binding authorities to various Lloyd's Syndicates. See more. New Lloyd’s Reinsurer Inigo Confirms $800M Launch Ahead of Jan 1 Renewals. Inigo Ltd., the new Lloyd’s insurer, has entered the catastrophe bond market for the first time, less than 18 months after the firm began writing its portfolio of … Send. Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announced a strong return to profitability in its 2021 full year financial results, with an overall profit of £2.3bn (2020: £0.9bn loss) and a combined ratio of 93.5% (2020: 110.3%) – the best quality result reported for six years. This year, Fourth of July revelers will have to swap many traditions — peppy parades, large family reunions and patriotic concerts — with low-key celebrations. Inigo completes acquisition of Syndicate 1301. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430 Following a successful first year of underwriting in which Inigo’s controlled premium exceeded $425m, Inigo is now able to double its underwriting to a controlled premium in excess of $850m for 2022. 16th March 2022 - Author: Katie Baker Specialty insurer and reinsurer, Inigo has submitted its first set of Syndicate accounts to Lloyd’s of London, since launching at the beginning of last year, reporting Gross Written Premiums of $411 million, outperforming new entrants to Lloyd’s with entirely new portfolios. Enstar and Stone Point invest in new re/insurance business led by former Hiscox group underwriting chief. With a capital commitment of $800 million, Inigo would be one of the largest insurers in the UK to launch in the past decade. All our direct business is managed on our own IT platform, insist, which enables underwriters to have live access to all business. Enstar, Stone Point and Dowling Funds received $30 million of consideration from the sale of SUL in the form of Inigo shares upon closing. 0 Comments. As previously announced, the new Lloyd’s insurer is founded by Richard Watson, the former Chief Underwriting Officer (CUO) of Hiscox, alongside Russell Merrett, former Managing Director of Hiscox London Market, and Stuart Bridges, former Chief Financial Officer (CFO) of Hiscox and ICAP. Inigo has received approval from Lloyd’s to double its controlled premium to in excess of $850mn in 2022, Insurance Insider can reveal. Enstar, Stone Point and venture capital firm Dowling will receive $30 million from the sale of SUL in the form of Inigo shares. Focused on some of the largest commercial and industrial companies across the globe, we provide solutions via the Lloyd’s insurance market. Graves was COO of Scor SE's London hub for about nine years, where she was responsible for regulatory relationships, governance, IT and the legal team, facilities and operations. Founded by Richard Watson, Russell Merrett and Stuart Bridges, Inigo will operate as a speciality insurer at Lloyd’s of London. Inigo Insurance, Lloyds of London. Inigo Limited (“Inigo”) is pleased to announce that Lloyd’s has approved its 2022 business plan, allowing for significant growth. ... Subject: Watson start-up Inigo enters Lloyd's with StarStone syndicate deal Add a personalized message to your email. Inigo gets Lloyd’s approval to double premium to $850mn. Cancel. Bringing together experts who share intelligence, judgement, capital and risk to create a braver world. March 16, 2021 Inigo Limited (“Inigo”), the new Lloyd’s re/insurance group has acquired StarStone Underwriting Limited, the Lloyd’s managing agency and the rights to operate Lloyd’s syndicate 1301 from Enstar. Inigo, named after the renowned 17 th century British architect Inigo Jones, is a new insurer operating in the Lloyd’s of London market under Syndicate 1301. After Inigo opened for business at the … Graves was COO of Scor SE's London hub for about nine … 2021-03-16T07:12:00. Specialty insurance and reinsurance company, Inigo Limited, has seen its 2022 business plan approved by Lloyd’s, enabling the firm to double its underwriting to a controlled premium in excess of $850 million for the year. london, 23 november 2020 inigo limited (inigo), a new insurance group, announces that it has successfully completed a capital raise of approximately $800 million from a consortium of global investors comprising (amongst others) funds controlled by caisse de dépôt et placement du québec (cdpq), enstar, j.c. flowers & co., oak hill advisors, qatar … This copy is for your personal, non-commercial use. Sources close to the Inigo fundraising described it as a coup for John Neal, the Lloyd's chief executive, who has been pushing through reforms aimed at modernising the world's oldest reinsurance market. This week´s guest on The Voice of Insurance podcast is Richard Watson, the co-founder and CEO of Inigo Insurance, a specialty insurance and reinsurance start-up at Lloyd’s. Inigo Ltd., the new Lloyd’s insurer, has entered the catastrophe bond market for the first time, less than 18 months after the firm began writing its … New specialty insurer Inigo has confirmed the successful raising of $800 million from a consortium of global investors, providing the firm with the capital base required to proceed with its plans to open for business in the 2021 year of account. And, with an experienced management team that includes Richard Watson, Russell Merrett and Stuart Bridges, formerly of Hiscox, the new Lloyd’s insurer could be well placed to take advantage of current market dynamics. Workers' Compensation. Inigo Limited (“Inigo”), the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, is pleased to announce that it has received approval in principle from the Corporation of Lloyd’s and will commence underwriting for 2021, as planned.. Location. A group of ex-Hiscox chiefs have set up a new London insurance group at Lloyd’s with $800 millon of backing from international investors and hired City heavyweight Sir Howard … The London market startup has also appointed the former president and chief executive of AIG’s Lexington Insurance. Lloyd’s has approved the 2022 business plan of Inigo, which opened for business at the start of 2021, having raised more than $830m from a consortium of leading global investors and acquired its own managing agency. Inigo expects these to form the foundation for its operations as a specialty insurer, writing a streamlined portfolio of insurance and reinsurance risks. The management of Lloyd's of London's has approved Inigo Ltd.'s underwriting plan for 2021, Insurance Insider reported. The management of Lloyd's of London's has approved Inigo Ltd.'s underwriting plan for 2021, Insurance Insider reported. Speciality insurer Inigo is set to launch at Lloyd’s of London following the acquisition of Enstar and Stone Point Capital’s managing agency StarStone Underwriting (SUL), along with the right to operate Syndicate 1301. Employees. New specialty insurer and reinsurer, Inigo Limited, has now received approval in principle from the Corporation of Lloyd’s and will start writing business for 2021. We … Jan 2021 - Present1 year 2 months. We work exclusively through the broker intermediary market, valuing the perspective and experience that brings to the table. Inigo will operate as a Lloyd’s specialty insurer writing a streamlined portfolio of insurance and reinsurance risks and will receive certain transitional services and … The Inigo deal is subject to Lloyd's approval, but insiders said the new company could be writing new business early in the new year. New specialty insurer and reinsurer, Inigo Limited, has now received approval in principle from the Corporation of Lloyd’s and will start … Employee Charts. Inigo Insurance was launched at the end of 2020, gaining $800 million of funding from a range of pension, sovereign wealth and private equity investors and launching its Syndicate 1301 at Lloyd’s. Share ... We believe that 2021 will … Meanwhile, Enstar and Stone Point will commit to invest up to $27 million and $18 million respectively into Inigo. Inigo is led by founders Richard Watson, Russell Merrett and Stuart Bridges and will write a streamlined portfolio of re/insurance risks. The company is set to receive certain transitional services and staff from Enstar. The funds give Inigo the capital base required to proceed with its plans to open for business on Jan. 1, 2021, subject to approvals from the Corporation of Lloyd’s. The accounts are filed under Syndicate 1301, which Inigo had taken over as part of its acquisition of StarStone Underwriting Limited (“SUL”), the Lloyd’s managing agency. It noted that following a successful … ... All Lloyd's syndicates that write surplus lines insurance in the US appear on the NAIC Quarterly Listing of Alien Insurers. In Scandinavia we underwrite a direct personal accident block sold via traditional insurance agents, a block of white collar group business and a major affinity group product sold online. The approval will allow the insurance vehicle to start … All the three founders of the company are former executives of Bermuda-based insurance group Hiscox. Additionally, the company announces the appointment of George Stratts, former President and Chief Executive Officer (CEO) of AIG’s Lexington Insurance Company, as Head of First Party. Inigo Insurance insurance. Inigo said the plan allows for significant growth. 3rd December 2020 - Author: Luke Gallin New specialty insurer and reinsurer, Inigo Limited, has now received approval in principle from the Corporation of Lloyd’s and will start writing business for 2021, the company has confirmed. Samuel Casey, 01 November 2021. 2021-04-14T07:36:00. San Francisco Bay Area. The company also announces that it has appointed George Stratts, the … New London insurance group Inigo has received approval in principle from the Corporation of Lloyd’s and will start underwriting for 2021. June 23, 2021 Lloyd's insurer Inigo targeting up to $1.5B in premium for 1st phase New Lloyd's of London insurer Inigo Ltd, which opened for business at the start of this year, is aiming to write gross written premium of between $1 billion and $1.5 billion in the first stage of its development, according to co-founder and CEO Richard Watson. Tailored blend of Risk Management, Underwriting and Coaching for … Hiscox London Market general liability underwriters Flavia Lions and Olivia Reynolds are the latest within its casualty unit to tender their notice, with the pair moving to Lloyd’s start-up Inigo, The Insurer can reveal. Focused on some of the largest commercial and industrial companies across the globe, we provide solutions via the Lloyd’s insurance market. In addition, Enstar and Stone Point have committed to invest up to $27 million and $18 million, respectively, in Inigo, giving them 5.4% and 3.6% equity ownership of the new business, respectively. Hiscox’s Lyons and Reynolds latest liability underwriters to exit for Inigo. But […] Website. Please Note: Only individuals with an active subscription will be able to access the full article. Richard Watson-led insurer Inigo has received in-principle approval from Lloyd’s management for its 2021 underwriting plan, allowing the carrier to … Insurance; Reinsurance; ... We underwrite a range of insurance from D&F Property, Marine and Energy Liability to Specialty Reinsurance including Aviation and Marine. These are intended to form the foundation for Inigo’s operations as a specialty insurer, writing a streamlined portfolio of insurance and reinsurance risks. Inigo said it is targeting a number of underserved sectors of the London insurance and reinsurance market. No legacy underwriting will be transferred to Inigo. The approval will allow the insurance vehicle to start underwriting in time for Jan. 1, 2021, renewals and deploy its $400 million stamp capacity in the marketplace, according to the report. Enstar Group and its long-term investor Stone Point Capital have agreed a deal to sell Starstone’s Lloyd’s managing agency to Inigo Limited, a … Company Details.

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