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Showing results for Certain Underwriters and Insurers at Lloyds of London Subscribing to Policy of Insurance LC1516254000

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UK insurance industry
MS Amlin sets growth plan after underwriting turnaround
...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
March 12, 2024
Climate change
Lloyd’s of London warns insurers climate-related pain is still to come
...Lloyd’s of London has warned insurers that the full impact of climate change has yet to translate into claims data despite annual natural catastrophe losses borne by the sector topping $100bn....
October 22, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Greensill Capital
Greensill misled German regulator on insurance deal, IAG claims
...Brereton was an executive at underwriting agency Bond & Credit Co, which was then 50 per cent owned by IAG and issued insurance policies on its behalf....
November 6, 2023
Insurance
Scrapping the spreadsheet: start-ups take aim at an old insurance addiction
...Several industry veterans told the Financial Times that Ki, a digital insurer in the Lloyd’s of London market that provides insurance cover to businesses, had increased awareness of the benefits of automation...
April 7, 2024
Insurance
Nord Stream sues insurers for €400mn over pipeline explosions
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
March 12, 2024
Climate change
EU regulator urges action on climate threat to insurance
...Eiopa also wants insurers to simplify their policies....
April 22, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Greensill Capital
Zurich accuses Greensill and Gupta groups of conspiracy to deceive its underwriters
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
February 2, 2024
Insurance
Howden agrees £500mn deal to turn start-ups into underwriters
...Howden, the UK insurance broker, has secured £500mn of insurance capacity from a group of Lloyd’s of London firms for a newly launched division that aims to turn tech start-ups into mini underwriters....
October 16, 2023
Lloyd's of London Ltd
Lloyd’s of London to stay in landmark building until at least 2035
...Lloyd’s of London has agreed with its landlord Ping An to stay at its One Lime Street headquarters until at least 2035, in a mark of commitment to in-person trading at the heart of the City’s insurance district...
December 16, 2023
Insurance
Hiscox to use AI for underwriting process in tie-up with Google
...Automation has crept into the so-called “follow” market at Lloyd’s, which is when insurers take a later tranche of the risk on a particular policy....
December 12, 2023
Ian Smith
Is state intervention needed for cyber insurance?
...Such an attack could cause $3.5tn in global economic damage, according to modelling by the Cambridge Centre for Risk Studies for the Lloyd’s of London insurance market, released in October....
November 1, 2023
Insurance
Insurers in talks to overhaul net-zero group after member exodus
...The chief executive of Lloyd’s of London, John Neal, told the Financial Times recently that he blamed the crisis at the NZIA, established in 2021, on “European thinking” that pushed all of its members into...
January 22, 2024
The Big Read
The uninsurable world: what climate change is costing homeowners
...Several big US insurers, including State Farm and The Hartford, have paused their underwriting of new home policies in the state of California....
February 13, 2024
AXA SA
Axa extends focus on smaller businesses to increase sales
...Axa is doubling down on midsized businesses to drive growth, betting that demand for products such as cyber insurance and climate advice will allow the French insurer to increase sales and payouts to shareholders...
February 22, 2024
Greensill Capital
Greensill insurer IAG turns fire on rivals in battle over investor losses
...limits of the identified policies were in excess of any other insurers underwriting trade credit insurance in the Australian market”....
November 2, 2023
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
FirstFT
FirstFT: Obama and Clinton back Biden’s support for Israel’s war in Gaza
...The chief of Lloyd’s of London has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than wait for years of wrangling over which part of the sector is liable...
March 29, 2024
UK financial regulation
UK to sign post-Brexit financial services deal with Switzerland
...The UK’s market is centred on Lloyd’s of London, which is a hub for negotiation of these policies, while Switzerland is host to big insurance and reinsurance groups such as Zurich and Swiss Re....
December 20, 2023
War in Ukraine
‘Plan B’ needed on Russia sanctions, says top Lloyd’s marine insurance figure
...Lloyd’s of London, the corporation that runs the insurance market, has worked with governments and regulators to implement western sanctions that it has described as “the best weapon at our disposal” in...
May 31, 2023
Autumn Statement
Jeremy Hunt plans sale of NatWest stake to retail investors
...The insurance industry has pushed for such a move to help London’s insurance market catch up with rival hubs such as Bermuda and the US....
November 22, 2023
Lloyd's of London Ltd
Lloyd’s of London battles insurers over ‘state-backed’ cyber attacks
...Lloyd’s of London, the world’s oldest insurance market, is locked in a fight that will shape the future of the industry’s newest gold mine: selling protection against cyber attacks....
March 31, 2023
Lloyd's of London Ltd
Lloyd’s of London chief wants traders in building to ‘get Monday back’
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
March 8, 2023
Lloyd's of London Ltd
Bank of America warns Lloyd’s over state-backed cyber attack exclusion
...Bank of America raised concerns with Lloyd’s of London about a move to exempt big “state-backed” cyber attacks from standard insurance policies, underscoring the concern among financial institutions about...
April 20, 2023
Climate change
European insurers say US backlash has damaged climate change push
...John Neal, the chief executive of Lloyd’s of London, the specialist insurance market, said the alliance had set more demanding targets than some US insurers could support but that it was too early to write...
August 12, 2023
Competition & Markets Authority
UK competition watchdog green lights rules for climate collaboration
...Five big global insurers and Lloyd’s of London, the insurance market, quit a net zero coalition earlier this year citing the threat of antitrust action....
October 12, 2023
Greensill Capital
Marsh sued for $143mn over Greensill insurance
...White Oak argues that from at least July 2020, Marsh was aware that Tokio Marine, Greensill’s lead insurer, had taken the decision not to extend further insurance to the group....
June 19, 2023

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