Hints and tips:
...Now there is Ki, the first fully digital Lloyd’s syndicate, which has raised $500m from investors including Blackstone....
...Further fintech fascination New frontiers: Specialist insurer Brit has teamed up with Google to launch the first digital syndicate (or insurer) at Lloyd’s of London, reports The Insurer....
...of the syndicates....
...Last year XL bought Catlin for about £2.8bn, the largest-ever takeover of a Lloyd’s underwriter, while Fairfax Financial, also based in Toronto, agreed to buy Brit....
...For insurers, the only routes into the market are to buy a rival already operating there or secure approval for a new syndicate from Lloyd’s itself....
...Cuvva Founded: 2014 Founders: Freddy Macnamara and James Billingham Shareholders: Angel syndicate Funding: £500,000 Based: UK Activity: Cuvva takes a fresh approach to car insurance....
...Instead, the difficulties for Lloyd’s, which comprises 96 underwriting syndicates, have come from weak premium and investment income....
...Madonna successfully removed a cape, having been pulled to the ground by dancers while attempting a similar move at the same venue at February’s Brit Awards 32....
...Yet the author is a Brit writing about a time before she was born. You’d never know it. Her ear for American dialogue is flawless, her historical details spot on....
...The three centuries-old Lloyd’s market specialises in taking on large and complex risks and the new insurer, to be chaired by Mr Ridge, will sell cyber policies underwritten by Lloyd’s syndicates including...
...They will want to know of Brit’s strategy to deal with insurance brokers cutting out smaller Lloyd’s syndicates....
...The private equity backers of Brit Insurance have sought to woo investors to the flotation of the Lloyd’s of London syndicate by trimming their hoped-for price tag....
...The chief executive of Brit Insurance has moved to downplay the exposure of the Lloyd’s of London syndicate to mounting competition in the industry ahead of an expected £900m flotation....
...(Financial Times) Private equity backers, Apollo and CVC, set for healthy return on Brit Insurance: The Lloyd’s of London insurer on Tuesday pushed the start button on the City’s latest stock market debut...
...Capacity at Lloyd’s is owned either by syndicates of individuals, known as Names or by companies. These include Brit Insurance, Lancashire Holdings. Insurance is hardly exciting, but it is profitable....
...Chaucer is holding takeover talks with interested parties although it will take time before any could make a firm offer, according to Martin Gilbert, chairman of the Lloyd’s of London insurer....
...Novae had substantial capital tied up in Novae Insurance Company Limited or NICL, a non-Lloyd’s vehicle that the company closed to new business and looked to merge with its Lloyd’s syndicate....
...on a deal to buy Brit Insurance....
...They have similar businesses, and Chaucer’s nuclear syndicate, UK motor book and fee income from third-party syndicate management would have been attractive for Brit....
...Chaucer Holdings, a Lloyd’s of London insurer, has flatly rejected an all-share offer from rival Brit Insurance and announced that Ewen Gilmour, chief executive, plans to retire....
...Separately, Chaucer said that its Lloyd’s Syndicate 1084 will increase capacity by 30 per cent in 2009 to £626m and that so far this year the syndicate’s premium income was up 39 per cent, owing to an absence...
...The noon deadline on Monday set by Lloyd’s of London, the world’s largest insurance market, for all its syndicates to provide initial estimates of their losses from Hurricane Katrina served as a reminder...
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