Hints and tips:
...At the time, a senior Lloyd’s executive said the move was “responsible” and preferable to waiting until “after everything has gone wrong.”...
...Catastrophe bonds work like normal bonds in that they give investors interest payments — typically at a floating rate in this market — and hand back the principal at maturity....
...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...
...Joshua Motta, chief executive at San Francisco-based cyber insurer Coalition, and a former CIA analyst, said the Lloyd’s scenario “doesn’t fully consider the intricacies of computer network operations and...
...Beale, who attempted to improve the culture at Lloyd’s in her five-year tenure — a market where she has previously said junior female underwriters would be called “box bunnies” and “box bitches” — called...
...The metaverse (I’ll drop the scare quotes now) is a place where certain joys of the real world are muted and certain pains amplified....
...Neil Roberts, head of marine & aviation at the Lloyd’s Market Association — a trade association which represents underwriters across the specialist market — highlighted a “growing grey fleet that operates...
...It also misses certain other nuances, such as companies (eg Marks & Spencer) that fell out of the index then got back. To which you might say “why bother at all?”...
...They expect advisers to keep underwriters “honest” in their recommendations and approach....
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...Jet spending for chief executives at S&P 500 companies increased to $41.3mn in 2022 (the most recent full year available), up 22 per cent from the year before and the highest amount in at least 10 years,...
...They know that companies and underwriters will favour so-called “long-only” investors in allocating IPO shares, and so they will inflate their order, often at the outset, to give themselves some optionality...
...S&P Global Ratings....
...Some of those recurring charges do not apply during the first six years, but certain clients have to pay early-withdrawal charges — exit fees — if they pull their money during that time....
...The FT revealed on Thursday that Lloyd’s of London’s historic underwriting room would be kept open for business to allow brokers and underwriters to work in person during the crucial December renewal season...
...Prosecutors said that Lewis used information he was given as a board member of certain companies to help those in his orbit for at least eight years....
...Underwriters have defended the new guidance as an attempt to bring clarity to what is, in insurance terms, still a relatively young market: the first cyber policy written at Lloyd’s was in 1999....
...certain climate goals....
...Jay Newman was a senior portfolio manager at Elliott Management and is author of the finance thriller Undermoney. William S....
...Earlier this month, Lloyd’s of London issued a bulletin noting that, “when writing cyber attack risks, underwriters need to take account of the possibility that state backed attacks may occur outside of...
...US defence secretary Lloyd Austin to deliver opening remarks at 1000, closing press conference at 1630....
...industry body Lloyd’s Market Association....
...Unlike debt owed by Silicon Valley start-ups, securities issued by the US government are virtually certain to be repaid in full....
...India granted permission for ships to enter its ports covered by certain Iranian underwriters. Iran has its own P&I insurer, Kish, created as western insurers pulled back....
...Shares at Lloyd’s underwriters such as Lancashire and Beazley — specialists in exposed areas such as war and political risk — have fallen sharply in recent weeks....
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