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Showing results for BGP Properties, LLC v. Certain Underwriters at Lloyd's, London
...A recently announced partnership between Google Cloud and Lloyd’s insurer Hiscox trialled automated underwriting on a property sabotage and terrorism policy....
...Lloyd’s of London insurer Beazley has launched the first cyber catastrophe bond, opening up one of the fastest-growing areas of the underwriting industry to investors as companies and governments seek to...
...Keese predicted that the market’s “reinsurance to close” mechanism at Lloyd’s — where underwriting books are effectively closed after three years and reinsured — would allow other areas of property & casualty...
...Automation has crept into the so-called “follow” market at Lloyd’s, which is when insurers take a later tranche of the risk on a particular policy....
...programme at Lloyd’s....
...Underwriters privately argue that brokers can use their scale not only to push up commissions but to pressure underwriters to take on certain risks, or pay certain claims....
...The second is that only certain product lines would be allowed in the room at once. The third is a booking system for people who want to use the building....
...When I joined the FT in March 1985 three institutions dominated the City of London: the Bank of England, the London Stock Exchange, and Lloyd’s of London....
...In terms of the sightseeing pecking order, the V&A comes in at “about number six” in London, after the Tate Modern and the British Museum....
...Andrew Duguid — who wrote On The Brink about the crisis at Lloyd’s of London two decades ago that almost caused the market to collapse — said the new title was “very welcome and detailed”....
...Traditionally, the risks of complex policies written at Lloyd’s have been divided between several underwriters....
...Stephen Catlin, head of the largest Lloyd’s of London insurer, warned last month that cyber was the “biggest, most systemic risk” he had come across in his 42-year career....
...(WSJ) Bitcoin as property, not currency: “Wading into a murky tax question for the digital age, the U.S....
...“A lot of people are realising it’s a must-have,” says Paul Bantick, cyber insurance specialist at Lloyd’s of London insurer Beazley. “It’s impossible to obtain 100 per cent security....
...Kimberley Stufflet, owner of Preferred Aviation Underwriters, a pilot’s insurer in Atlanta, US, joined The Alternative Board because of high staff turnover....
...which are required by the European Union to dispose of assets within a certain timeframe following their state bailout....
...Sean McGovern, director, North America, General Counsel and Risk Management at Lloyd’s of London, says: “There’s clearly a risk that contingent commissions could create the wrong kinds of incentives and...
...Expatriates who decide to come to London can be certain of one thing: they are arriving in a city that has had centuries to hone its appeal....
...Transcript of interview with Tom Bolt, underwriting performance director at Lloyd’s of London Paul J Davies: Well, thanks very much for agreeing to do this....
...a 50 per cent fall in house prices as well as declines in gross domestic product and in commercial property....
...It writes energy, marine, property and aviation catastrophe insurance from the London company market, specialising in business for which the extent of claims is known relatively quickly....
...Adedeji Soyemi, London AP: No-one knows how long the credit crunch will last but my feeling is that it will take a stabilisation in asset prices (mainly house prices) to really be certain we’re through...
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