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...Lloyd’s, a centuries-old marketplace where brokers and insurers come together to agree coverage for a range of risks, is one of the global hubs for property catastrophe reinsurance, which pays out when a...
...Lloyd’s, which dates back to a 17th-century London coffee shop, apologised three years ago for its role in the trade, whereby insurance offered in the market underpinned the trade of enslaved people, who...
...Some market participants have highlighted US laws dating to the 19th century, which were invoked after the sinking of the Titanic, that limit liability for shipowners....
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...Lloyd’s of London plans to stay in its landmark City building until at least 2031, a vote of confidence in the face-to-face trading that for centuries has been at the heart of the insurance industry’s most...
...The marketplace first took form in a seventeenth century London coffee shop but has called the distinctive building home since 1986....
...Ben Leax, his newly named deputy, will add a focus on insurance clients while continuing to head its consulting arm, known as Financial Markets Advisory....
...The centuries-old market has been at the heart of the marine insurance sector since its inception....
...Lloyd’s, a centuries-old marketplace where dozens of insurers negotiate with hundreds of brokers over the terms and price of cover, has played a leading role in cyber insurance and takes in about a fifth...
...If the employer has ceased trading, solicitors investigate its insurance position through a database — it became compulsory for employers to take out employee protection insurance in 1972....
...That is despite economic indicators suggesting the country is more prosperous than half a century ago....
...The move by the centuries-old market carries some risks as businesses can choose to buy policies elsewhere, including in rival international markets such as the US, or from UK and European insurers outside...
...A shift to fully digital trading during Covid lockdowns had led to some arguing that the days were numbered for face-to-face trading at Lloyd’s — a centuries-old practice of brokers and insurers agreeing...
...top brass decide what to do next after their France soirée, they can take comfort from the fact that the firm has survived on its own through all sorts of internal and external upheaval for nearly two centuries...
...Under the microscope Apollo’s bold bet on insurance has made it the envy of the private equity world. But it has also invited more scrutiny, Bloomberg reports....
...Although the stock exchange has an evocative origin story of traders swapping shares and gossip in coffee houses in the late 17th century, historians will tell you that the City achieved its post-WWII primacy...
...Political neutrality The UAE, which juts from the Arabian peninsula into the Gulf of Oman, has been an important commercial hub for centuries, attracting merchants who shuttled goods between Europe and...
...A different kind of peril now faces the centuries-old market after the UK and Brussels agreed to ban insurance on ships carrying Russian oil as they ratchet up sanctions on Moscow over its invasion of Ukraine...
...For Eisai and those affected by Alzheimer’s, however, lecanemab is a breakthrough they have been chasing for a quarter of a century....
...The centuries-old specialist insurance market said it was “considering a range of options around our workspace strategy and the future leasing arrangements for Lloyd’s”....
...mounting pressure to break up after its largest shareholder, Chinese insurer Ping An, told the bank to split its Asian and western operations, calling time on a dual focus that has endured for more than a century...
...CDPQ, which manages some public pension plans as well as insurance plans, operates independently from the Canadian government....
...As the head of Lloyd’s of London, Neal is not simply wrestling with the future working habits of one company, but those of the about 400 firms that make up the centuries-old specialist insurance market,...
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