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PR Newswire·

Aon and funds managed by Blackstone launch Cortina, a new Lloyd's syndicate offering efficient, long-term capital to reinsurance clients

  • Aon, Blackstone, and QBE announced the launch of Cortina syndicate 1956 at Lloyd's to provide dedicated multi-year reinsurance capacity.
  • Cortina received "in principle" approval from Lloyd's Council on 16 October 2026 with underwriting expected to begin on 1 January 2027.
  • The syndicate will offer three percent of eligible property catastrophe excess-of-loss treaties & five percent of all other eligible treaties arranged by Aon.
  • Participating clients will receive a dividend based on Cortina's share of their reinsurance programs as an economic benefit of the efficient structure.
  • QBE serves as the Managing Agent responsible for underwriting & governance, bringing an A+ financial strength rating to the syndicate.
  • Cortina will follow a conventional "lead/follow" approach, adhering to terms & claims decisions set by lead reinsurers.
  • The initiative aims to bring long-term institutional capital from Blackstone into the market to support resilience & close protection gaps.
Company
Aon plc
Keywords
Aon plc