Hints and tips:
...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...
...There are exemptions written into policies for certain types of attacks....
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...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...
...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....
...Dame Inga Beale, former head of the Lloyd’s of London insurance market, said the episode demonstrated that the drive for gender equality still had “some way to go”....
...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...
...It also misses certain other nuances, such as companies (eg Marks & Spencer) that fell out of the index then got back. To which you might say “why bother at all?”...
...So it’s easy to see why including one co-head but not another can send a certain type of message....
...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...
...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....
...Some of those recurring charges do not apply during the first six years, but certain clients have to pay early-withdrawal charges — exit fees — if they pull their money during that time....
...The FT revealed on Thursday that Lloyd’s of London’s historic underwriting room would be kept open for business to allow brokers and underwriters to work in person during the crucial December renewal season...
...Lloyd’s of London has defended a looming requirement that cyber policies written in the insurance market have an exemption for state-backed attacks, following a backlash among brokers and academics....
...certain climate goals....
...Jay Newman was a senior portfolio manager at Elliott Management and is author of the finance thriller Undermoney. William S....
...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...
...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...
...In its 2021 emerging risks report, Lloyd’s of London, the insurance marketplace, suggests that a gap in geopolitical insurance protection is emerging....
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
...It has been nothing short of carnage for issuers, investors and underwriters....
...Covid certainly caused a degree of financial pain, pushing some of the big names of the industry into the red. The Lloyd’s of London market lost nearly £1bn in 2020....
...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,...
...One thing is for certain, we will have a successor by Friday....
...Lloyd’s is in talks with these underwriters over their 2022 business plans....
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