Hints and tips:
...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...
...A trade body representing more than 350 underwriters and brokers in London’s specialist insurance market has called on UK policymakers to use Brexit to boost the sector’s competitiveness and bring in foreign...
...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...
...And without insurance available to protect them, companies could conclude that certain sorts of business are no longer feasible....
...And what they did in terms of the watering down of this on Thursday is that they said not only will you be able to sell your certificates with other manufacturers allowing you to make a certain proportion...
...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....
...“New sales are tougher digitally and the same is true of selling the risk to an underwriter . . . it is harder to say no face to face than it is by email or phone.”...
...But it finds there is “no conclusive evidence of the need” for a government backstop “at present”....
...However, another Lisbon banker described suggestions that Novo Banco was not worth its book value as “buyers’ talk” coming from bidders “trying to pressure a fast sale at a big discount”....
...“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....
...In New York and London, such payments are not banned although brokers are required to make certain disclosures to clients. Critics argue the disclosure requirements are inadequate....
...The case gives a strong associative boost to ringfencing because it occurred within UBS’s City of London satellite....
...A much quieter process is about to begin. Late last year, I went to see Gary Tredgett, the underwriter for Ascot, the Lloyd’s syndicate that leads the dozens of insurers involved in the Tonbridge loss....
...the Underwriters....
...Paul Bantick, senior underwriter at Beazley, the Lloyds of London insurer says that when a company loses data in the US, by law they have to notify customers who have been affected....
...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....
...“For some banks, it’s like the crisis never happened,” says John Hitchins, a partner at PwC in London....
...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...
...According to Professor York and his research chief, Stewart-Liberty, the old Sloane unthinkingly became an estate agent, wine merchant or Lloyd’s underwriter, while Sloane Mark II prefers to work in PR,...
...But when the board of Refco, the brokerage group, convened for an emergency meeting at the law firm’s headquarters on October 6, no one was looking at the autumn leaves....
...The main providers are DAS, FirstAssist, Capita Assistance and Lloyd's of London. The main aim of these policies is to help with legal disputes. Disputes can often be with your employer....
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