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...for certain policies and digital triaging of broker submissions plus automation of certain tasks for others....
...In September, Lloyd’s of London defended a move to limit systemic risk from cyber attacks by requesting that insurance policies written in the market have an exemption for state-backed attacks....
...Lloyd’s of London insurer Beazley has launched the first cyber catastrophe bond, opening up one of the fastest-growing areas of the underwriting industry to investors as companies and governments seek to...
...The second phase, due to be announced on Wednesday as “London Bridge 2”, marks a substantial expansion to the programme and Lloyd’s ambitions, according to plans shared with the Financial Times....
...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....
...Other legal undertakings to the government have promised to guarantee IMI’s status as a passive investor, with no role in operational or editorial matters....
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...Some businesses, fearful that the policies will no longer give them adequate cover, have taken their concerns to Lloyd’s leadership directly, according to people familiar with the matter....
...An executive at Lloyds said it was also looking at “turnstile data” to judge occupancy of its offices but that there were no formally set days for people to return....
...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....
...Countries subscribing to realpolitik do whatever they think they can get away with. Their fellow nations need muscular and engaged foreign policies to ensure they harbour no illusions on this score....
...It added certain account debtors within the scheme either “have no outstanding indebtedness” to Liberty Commodities, “do not recognise the relevant receivable” or “have no transaction history whatsoever”...
...Lloyd’s of London pledged $50mn to global development projects, as part of a programme addressing lasting inequalities from the transatlantic slave trade that it enabled....
...government policy....
...Whether a neighbourhood can be all things to every age group is a huge challenge, says Paul Swinney, director of policy and research at the Centre for Cities, another think-tank....
...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....
...Lloyd’s of London insurer Beazley has cut the total pay of its chief executive and group finance director after its full-year results were found to contain an error in the number of shares used to calculate...
...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...
...His humour bites at everything from monetary policy to bad loafers....
...And once the manifesto is written, then you as a business will have basically no chance of influencing what Labour’s policies will be in your field going to the general election....
...Now, when you talk to Labour veterans of a certain age, they go, well, it doesn’t matter, they’re not gonna hit this target....
...Brokers and underwriters gathered this week in Lloyd’s of London’s historic underwriting room to celebrate the Queen’s platinum jubilee, twice ringing the Lutine bell — a symbol of the insurance market’s...
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
...And without insurance available to protect them, companies could conclude that certain sorts of business are no longer feasible....
...The EU is trying to come up with an equivalent kind of policy....
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