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...Fidelis will work with Hampden, the largest agency at Lloyd’s allowing wealthy investors to participate in the market by putting their capital against insurance risks....
...The rating agency recently upgraded its credit rating on an improved underwriting performance and a stronger balance sheet. Lloyd’s has also made progress in reviving face-to-face trading....
...IAG was one of the main insurers behind $10bn of cover arranged for Greensill through Bond & Credit Co, an underwriting agency the Australian insurer owned a 50 per cent stake in before selling it to Tokio...
...Greensill had arranged trade credit insurance through Bond & Credit Co — the underwriting agency in which IAG formerly had a 50 per cent stake — to cover contracts in case of default....
...The Hollywood powerbroker turned to Raine for advice on a series of transactions that have pieced together Endeavor, his talent agency that has grown to span media and events....
...Rating agency S&P has negative outlooks for about two-thirds of the UK water companies it rates — indicating the possibility of downgrades if financial performance worsens....
...“Over the past five years elevated catastrophe losses resulted in poor underwriting results, which have now contributed to a reduction in the supply of reinsurance capacity,” she added....
...Instead dealmakers are requiring larger equity cheques from buyout shops before underwriting debt....
...The companies must hand over the information by March 1 and the agency plans to issue a public report on its findings....
...The fad soon passed after advertising agencies were warned to seek permission from the local council planning department, otherwise they would be breaking the law....
...It derives just 5 per cent of its electricity from renewable resources, the lowest proportion of any OECD country, according to International Energy Agency data....
...At last, in December, rating agency Fitch declared a default. Evergrande declined to comment. Thomas Hale in Hong Kong 1....
...The company faced underwriting problems in its UK-based business last year but chief executive Stephen Hester said “underwriting results have sharply improved”....
...In London it would take a year because of regulation,” says Mr Catlin. Low taxes were also a major attraction....
...At a conference organised by Insurance Insider this month, Stephen Catlin, an industry veteran, reckoned the trend could ultimately blow a $200bn hole in global reserves....
...Many of them have gone to Convex, a start-up led by insurance veteran Stephen Catlin, who sold his original business to XL in 2015....
...Complex, bespoke policies would still be arranged face to face in Lloyd’s famous underwriting room, much as they are now, albeit with more efficient back-office systems....
...Several foreign banks have either been granted onshore bond underwriting licences or have expressed interest in applying for one....
...Her departure came after a tough 2017 for the market, with concerns growing about the cost of doing business at Lloyd’s, the growth of rival centres of insurance, and the quality of underwriting at some...
...She reflected on the state of the City when she started out — very grey, except for the occasional flashy tie or daring sock in the Lloyd’s underwriting room, and men-only clubs....
...The designation of the big four as systematically important banks requires them to hold more capital, but also earns them higher ratings from credit agencies....
...He also said he planned to introduce KanKan to Ping An Insurance, the Chinese underwriting giant, in which CP is the biggest shareholder....
...AP Moller-Maersk, the Danish conglomerate that includes the world’s largest container shipping business, and the insurers MS Amlin and XL Catlin are among the companies involved in a new blockchain platform...
...Industry veteran Stephen Catlin, in a forthcoming book called Risk & Reward, says “insurers find themselves in a marketplace where the level of pricing is close to unsustainable”....
...In a report last year, rating agency A.M. Best noted that Lloyd’s expense ratio — its costs as a proportion of premiums — had risen from 35 per cent in 2012 to 40 per cent in 2016....
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