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...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....
...Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance...
...The insurer is due to underwrite about £2bn of business within Lloyd’s this year and then grow that as a central part of owner Mitsui’s five-year strategy to reach £3bn within Lloyd’s and the so-called company...
...This year, the company will write around £2bn of business within Lloyd’s itself....
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...RedBird IMI’s takeover of the national newspaper — along with The Spectator magazine — was part of a deal to allow previous owners, the Barclay family, to repay debt owed to Lloyds Banking Group....
...The company says it still has “reinsurance relationships with some non-Russian entities”. The company is part owned by the Italian insurer Generali, but its stake has been “frozen” since the invasion....
...Another PCC front company in the UK is Aria Associates, which has an account with Lloyds....
...Lloyd’s, which dates back to a 17th-century London coffee shop, apologised three years ago for its role in the trade, whereby insurance offered in the market underpinned the trade of enslaved people, who...
...Mitsui Sumitomo Insurance also recently announced expansion plans for its Lloyd’s insurer. But there is a fragility to this recent success....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...She proposed a range of solutions including tightening building rules, creating national and EU-wide schemes to share risks, and drawing more deeply on reinsurance markets....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...minds”, alongside stability and confidence in the national economy....
...White said the materials underlined the relationship between Lloyd’s and the African Company of Merchants, a key slave-trading venture, and revealed the role of several members of the governing committee...
...As things stand, Lloyds will pay down to a CET1 of 13.5 per cent this year....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...from state-owned insurance companies....
...Why does BHP want to own Anglo American? It doesn’t, it wants to own some of Anglo American, specifically the bits that don’t need fixing....
...Cyber insurance is one of the fastest-growing markets as companies look for coverage following a surge in ransomware attacks....
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