Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Sidley says it published a review of Lloyd’s broker-originated reinsurance framework
Sidley said it published an insurance update examining Lloyd’s framework for broker-originated reinsurance structures. The firm’s article reviews requirements concerning concentration, ownership, capital, underwriting and governance, and discusses how prospective participants would address them through Lloyd’s approval process ahead of the stated January 1, 2027 effective date.
Key points
- The firm’s update discusses ongoing reporting and data-sharing arrangements.Sidley
- Sidley’s analysis considers restrictions on broker ownership and capitalization.Sidley
- The firm’s publication examines portfolio eligibility and lead-reinsurer participation.Sidley
- Sidley identifies Sean Carney and James Phythian-Adams among the update’s authors.Sidley