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Gallagher Re and ICMR sign exclusive relationship

Combining deep expertise in reinsurance broking with innovative quantitative analysis

The best reinsurance underwriters to follow? It’s all in the data

Building a superior follow-only portfolio through class of business performance analysis

Syndicates relative performance consistency essential in follow-only strategies

As follow-only strategies gain momentum at Lloyd’s, how do you identify consistent gross outperformance?

Lloyd’s net underwriting profitability trends disappoint

Line of business performance data from multiple years of individual syndicate reports and accounts, captured and curated by ICMR, reveals a surprising dichotomy between gross and net underwriting performance

Lloyd’s result not quite as good as predicted - here’s why

Lloyd’s stated year-on-year rate improvement not reflected in reported loss ratios

ICMR suggests a sub-90% combined ratio for Lloyd’s based on ‘RISX’ index

Using the reported data of the RISX index constituents ICMR forecasts Lloyd’s will report best underwriting result since 2014

RISX equity index surge over the last quarter benefits proven leaders

Successful leaders and smart follow-onlys likely to benefit at the expense of a middle market squeeze

Lead versus follow in ownership of syndicates

Are follow-only strategies a smart alternative to the model of value through verticalisation?

To lead, or to follow ... that is the question!

Successful follow-only strategies can create more value than those of traditional leadership roles

Hedging tail risks through capital markets

Enhance solvency using swaps to take advantage immediately post-event

Lloyd’s syndicates as an investment market

ICMR’s mark-to-model valuation for Lloyd’s investments

Why brand-building is essential to growth

New research analysis conducted by Gracechurch and ICMR shows that leading insurance CEO's should now treat brand development as a fundamental building block of any growth strategy

Insurance cycle has opened a window of opportunity for investments in Lloyd’s

To assess whether investments in Lloyd’s are worthwhile, investors’ expected returns must be compared against the weighted average cost of capital (WACC).

What is the value of Lloyd’s and how does it change daily?

Those two simple questions motivated our research into how capital markets data could be used to provide answers on Lloyd’s valuation and to measure its evolution over time. This culminated in the ICMR RISX index, launched in May 2021.

When Private Equity met Lloyd’s

It’s all about enhancing performance and timing the exit

Has Lloyd’s finally conquered expenses?

Specialty (re)insurance is a difficult business to scale

Premiums trumps profitability for underwriters’ emoluments

A successful Lloyd’s underwriter is a good sales person first and foremost

Lloyd's 2021 combined ratio league table

Over 2/3 of Lloyd’s syndicates reported an underwriting profit

The tide may have turned at Lloyd’s, but headwinds remain strong

First look at Lloyd’s 2021 results

‘RISX’ index points to a Lloyd’s combined ratio for 2021 in the low 90s

ICMR’s estimate is based on the aggregated combined ratio of the RISX equity index constituents.

Specialty (re)insurance M&A - price to book multiple trends

RISX index suggests tidy return for Ascot’s investors

Positive earnings for 2021 priced-in despite major cat losses thus far

What do capital markets tell us about premium rate change for the global specialty (re)insurance industry?

RISX Index: more than just a benchmark

This article outlines some of the drivers behind the creation of the RISX index

Third party capital vs building value: revolution or déjà vu?

With improving performance and an expanding range of options for investing, now may well be the best time for some while to be an investor at Lloyd’s.

Signs of a turning tide at Lloyd's

Despite of another loss making year at Lloyd's, signs of a hardening market are becoming visible

Value creation at Lloyd's: It's not all about the Underwriting Room

The market is buoyant about near term underwriting conditions, but just how important are they to cross-cycle value creation compared to the performance of asset managers?

17 years of Lloyd's Performance Management

Was it worth it? Time will tell.

Follow the money: Lloyd's cumulative P&L over the last 20 years

Lloyd's wrote £448bn of gross premiums since 2000, incurring gross claims to policyholders of £288bn, delivering a net combined ratio of 98% and generating £20bn for its investors. What happened?