Lloyd’s 2025 Insights Report
Contacts
ICMR
Markus Gesmann
Co-founder & Director
[email protected]
Quentin Moore
Co-founder & Director
[email protected]
https://insurancecapitalmarkets.com
LMA
Paul Davenport
Finance & Risk Director
[email protected]
Sanjiv Sharma
Head of Actuarial & Exposure Management
[email protected]
https://www.lmalloyds.com
About ICMR
Insurance Capital Markets Research (ICMR) is a quantitative research firm dedicated to delivering innovative solutions for the complex challenges facing the global specialty (re)insurance industry. Our expertise lies in transforming data into actionable insights.
We collate and manage industry performance data sets and specialise in providing in-depth analysis and prospective modelling of Lloyd’s syndicate portfolios.
Our portfolio valuation services are used by fund investors to track monthly earned returns on their portfolios of Lloyd’s participations and our real-time price to book valuation models give insight into enterprise value creation.
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.
We are an associate member of the Lloyd’s Market Association.
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 £56bn in 2025, 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.