Lloyd’s 2024 Insights Report


Insurance Capital Markets Research


15 Apr 2024



Paul Davenport
Finance & Risk Director
[email protected]

Sanjiv Sharma
Head of Actuarial & Exposure Management
[email protected]


Markus Gesmann
Co-founder & Director
[email protected]

Quentin Moore
Co-founder & Director
[email protected]

About the LMA

The Lloyd’s Market Association (LMA) exists at the very heart of Lloyd’s, a world-leading global marketplace for complex risk where solutions to challenges are delivered every day. All 55 Lloyd’s managing agencies, with a total market stamp capacity of approximately £52.6bn in 2024, and all Lloyd’s members’ agents, are members of the LMA.

We represent our members’ interests to organisations including governments, regulators, and the market’s central supporting body, the Corporation of Lloyd’s. We provide professional and technical expertise in areas ranging from model policy wordings to the implementation of innovative technologies. We connect with our members to identify and resolve issues facing the market, and work in partnership with Lloyd’s and the other market associations to influence initiatives and outcomes. We operate the market’s most comprehensive technical education service, the LMA Academy.

About ICMR

Insurance Capital Markets Research (ICMR) is a quantitative analytics company which undertakes research on the global specialty (re)insurance industry. Our clients are insurance carriers, intermediaries and investors who subscribe to our data, models, insights and analyses.

Our core capability is the independent assessment of prospective performance and return profiles of insurance entities and portfolios of risk, both within Lloyd’s and globally. Our research encompasses structuring and advisory through to investment strategies and the development of products to access the global specialty (re)insurance industry, with a particular focus on Lloyd’s.

Our founders were Lloyd’s former heads of research and analysis who also worked together in the capital markets and insurance-linked securities. ICMR was established in early 2020 and launched the RISX equity index in 2021.