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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
Cyber attacks set to become ‘uninsurable’, says Zurich chief
...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....
December 26, 2022
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Cyber Security
Insurer Beazley launches first catastrophe bond for cyber threats
...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...
January 9, 2023
Lloyd's of London Ltd
Lloyd’s of London chief wants traders in building to ‘get Monday back’
...The Lloyd’s of London chief executive wants to “get Monday back” and see brokers and underwriters on the trading floor four days a week — in a push to ensure face-to-face trading continues to thrive following...
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
UK insurance industry
London’s insurance market calls for post-Brexit rules to be refreshed
...The LMG brings together Lloyd’s of London, insurers and brokers that operate in that market as well as the “company market”, which offers similar insurance but not within Lloyd’s....
June 7, 2021
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Insurance
Lloyd’s of London defends cyber insurance exclusion for state-backed attacks
...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....
September 5, 2022
Josephine Wolff
Insurers must rethink handling of cyber attacks on states
...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...
August 29, 2022
News in-depthWar in Ukraine
Insurance industry braces for soaring payouts from war in Ukraine
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
March 17, 2022
Elisabeth Braw
Insurers are scrambling to update the definition of war
...In its 2021 emerging risks report, Lloyd’s of London, the insurance marketplace, suggests that a gap in geopolitical insurance protection is emerging....
April 20, 2022
Lloyd's of London Ltd
Lloyd’s of London issues its largest fine after ‘boys’ night out’ bullying
...The bulletin said male staff at Atrium, including two senior executives, had engaged in “unprofessional and inappropriate conduct” during annual nights out over a number of years up to 2018....
March 16, 2022
News in-depthLloyd's of London Ltd
Lloyd’s of London heads for ‘fundamental change’ in post-pandemic era
...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,...
November 1, 2021
Insurance
Ukraine fallout expected to test companies’ hardened cyber defences
...In November, the Lloyd’s Market Association, a body that represents underwriters in London’s specialist insurance market, tried to address the uncertainty by publishing some model clauses for these exclusions...
March 28, 2022
Lloyd's of London Ltd
Lloyd’s of London swings back to £1.4bn profit in first half
...Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market fuelled a recovery from the substantial pandemic-related losses suffered...
September 9, 2021
News in-depthInsurance
Collapse of Aon-Willis deal validates insurers’ fears about broker power
...Underwriters privately argue that brokers can use their scale not only to push up commissions but to pressure underwriters to take on certain risks, or pay certain claims....
August 31, 2021
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
News in-depthClimate Capital
Insurance industry feels the heat on cover for fossil fuels
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
July 2, 2021
City Bulletin
EasyJet launches £1.2bn cash call after rejecting approach Premium content
...Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market marked a recovery from the substantial pandemic-related losses suffered...
September 9, 2021
News in-depthThe Big Read
Bermuda’s status as safe harbour for insurers under threat
...And a proposed revamp of Lloyd’s of London, the 300-year-old insurance market, includes measures to attract ILS vehicles....
December 23, 2019
Pilita Clark
Give a boss a break and the firm will come out on top
...Dame Inga Beale also took a detour on the way to being named the first female chief executive in the 300-plus year history of Lloyd's of London, in 2013....
November 24, 2019
Fintech
London’s insurance market turns to electronic trading
...Use of a new electronic trading system for London’s specialist insurance market has jumped after Lloyd’s said it would force brokers and underwriters to use it....
August 13, 2018
The Future of Money
Lloyd’s of London lights up its lab Premium content
...The twenty companies were aiming to get into Lloyd’s Lab, the latest stab at innovation from Lloyd’s of London, the 330-year old insurance market....
September 4, 2018
Asia-Pacific companies
Week in review, March 24
...Lloyd’s of London swings into the red Lloyd’s of London reported its first loss in six years as a series of natural catastrophes took their toll on the insurance market....
March 23, 2018
News in-depthThe Big Read
Cyber attacks: the risks of pricing digital cover
...“It is very difficult to model cyber,” says Trevor Maynard, head of innovation at Lloyd’s, the London-based insurance market....
March 19, 2018
Cyber Security
Extreme cyber attack could cause $120bn in economic damage
...An extreme cyber attack could cause more than $120bn of economic damage, according to new estimates from Lloyd’s of London....
July 17, 2017
FT SeriesArtificial intelligence in real workplaces
Insurance: Robots learn the business of covering risk
...sets is cutting the number of people the insurance industry needs to employ....
May 16, 2017

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