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...But at a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear evidence that a warming climate is a major driver in claims costs...
...for certain policies and digital triaging of broker submissions plus automation of certain tasks for others....
...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....
...Analysts at RBC Capital Markets have estimated the car financing problems, which have echoes of the payment protection insurance scandal, could cost Lloyds £2.5bn, more than any of its rivals....
...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...
...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....
...Joshua Motta, chief executive at San Francisco-based cyber insurer Coalition, and a former CIA analyst, said the Lloyd’s scenario “doesn’t fully consider the intricacies of computer network operations and...
...At the time, the company said this did not reflect investor sentiment but the difficulty of getting a significant amount of money into Lloyd’s syndicates in time for the next underwriting cycle....
...The figures are based on the responses it received from the big four UK high street banks — Barclays, HSBC, Lloyds and NatWest — as well as Handelsbanken, Metro, Santander and TSB....
...They calculated that Texas legislation in 2021, prohibiting municipalities from contracting with banks with certain ESG policies, led to the exit of five of the largest municipal bond underwriters from the...
...At our request, and reflecting our desire to set aside a significant number of shares for certain of our users and moderators, the underwriters have reserved up to 1,760,000 shares of our Class A common...
...McClory, an Italian-American investment banker — and self-described venture philanthropist — who is also managing director, head of equity capital markets and head of China at US underwriter Boustead Securities.https...
...But the statement underscores that the allies hope to work with Japan in the future once Tokyo meets certain conditions....
...The price of oil could jump “at least” $10-$15 for Brent crude if all shipments from the Middle East to Europe avoided the Red Sea and travelled around Africa, said Henning Gloystein, a director at consultancy...
...“The house is one of the most valuable assets,” says Charles Lloyd, head of private client disputes at law firm Macfarlanes. “Everyone is champing to get it.”...
...Neil Roberts, head of marine & aviation at the Lloyd’s Market Association — a trade association which represents underwriters across the specialist market — highlighted a “growing grey fleet that operates...
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...Jones made the comments at the same meeting in Lancashire last year at which Ali claimed that Israel had allowed Hamas to attack on October 7 to give it a pretext for launching an assault on Gaza....
...Lloyd....
...There were a “number of teams of underwriters” that were developing add-on policies that could cover state-backed attacks, it added....
...“This week, we had eight ships of Hapag-Lloyd at Hamburg, which is a lot,” Haupt said. Some ships are still travelling through the Suez Canal....
...“We can only [be competitive] if we collaborate effectively . . . which is difficult, if a team are below strength on certain days of the week, or if some key people are only available at times when the...
...They expect advisers to keep underwriters “honest” in their recommendations and approach....
...The letter continued that there were “certain reserved matters where IMI consent will still be required under the partnership agreement”....
...Lloyds, which has closed 721 branches since 2015, was singled out for criticism by one Which? member....
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