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...The move would cement the group as one of the biggest underwriters in the London market. This year, the company will write around £2bn of business within Lloyd’s itself....
...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...Loosening Lloyds’ risk controls “could potentially have catastrophic consequences for the future of the bank”, added Brown....
...Lloyds Banking Group said it had closed the accounts of about 0.6 per cent of its SME customer base in 2023, mainly because of financial crime concerns....
...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....
...By early afternoon in London, Lloyds shares were trading 0.8 per cent lower, while Santander was down 3.6 per cent....
...the size of its central London estate by almost a fifth....
...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...
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...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....
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...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....
...Aviva is to return to the Lloyd’s of London specialist insurance market for the first time in more than two decades after it announced the £242mn acquisition of Probitas....
...Lloyd’s chair Bruce Carnegie-Brown said the deal underlined the importance of face-to-face trading to the market, saying the underwriting room — a web of underwriters’ desks around the famous Lutine Bell...
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...Shares in Lloyds were down 0.5 per cent in early trading and have fallen about 10 per cent since the start of the year, partly because of worries about its ownership of Black Horse....
...UK bank Lloyds has set aside £450mn to cover the potential costs of regulatory probes into historic motor finance commission arrangements....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...“It will allow the underwriters also to do more from a sales perspective, to travel more,” said Kate Markham, chief executive of Hiscox’s London market division....
...Professor Bruce Lloyd London South Bank UniversityLondon SE1O, UK...
...Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctions-hit Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial...
...Belgian insurer Ageas has made a higher preliminary bid for UK motor underwriter Direct Line, which values the group at 237p a share....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
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