Aon, Blackstone-managed funds launch Cortina reinsurance syndicate at Lloyd's
BX•Aon and funds managed by Blackstone launched Cortina syndicate 1956 at Lloyd's to provide multi-year reinsurance capacity. Underwriting is expected to begin January 1, 2027, subject to final Lloyd's approval.
1. Syndicate launch
Aon and funds managed by Blackstone launched Cortina syndicate 1956 at Lloyd's to provide dedicated, multi-year reinsurance capacity. QBE will manage underwriting and governance, with underwriting expected to begin January 1, 2027, subject to final Lloyd's approval.
2. Treaty coverage
Cortina will cover 3% of eligible property catastrophe excess-of-loss treaties and 5% of other eligible treaties arranged by Aon. Participating clients will receive a dividend based on Cortina's share of their reinsurance programs, passing on the structure's economic efficiencies.
