Generali to enter Lloyd’s with Red Bridge syndicate in 2027

By Scott Vincent Oct 16 (The Insurer) — Generali has received in-principle approval to launch a Lloyd’s syndicate to assume a share of its outward reinsurance placements, the Italian insurer said on Friday. Lloyd’s Syndicate 2031 Red Bridge will begin underwriting in 2027, Generali said. Generali said the move was part of efforts to diversify its access to reinsurance and alternative capital markets and optimise capital across the group. Red Bridge will also give Generali access to Lloyd’s global licence network and market reach, while bringing a portfolio with significant exposure to continental European risks to the London market, the company said. Generali said the business ceded to the syndicate is expected to include a mix of retail and middle-market risks across multiple classes and territories. “The launch of Syndicate 2031 Red Bridge marks an important milestone in the evolution of our reinsurance strategy,” Generali Group P&C and Reinsurance Officer Franco Urlini said. Urlini said the Lloyd’s platform would allow Generali to develop tailored risk-transfer solutions and access new sources of capital to support the growth of its property and casualty portfolio. The initiativ