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Related Special Reports
...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....
...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....
...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...
...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....
...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....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...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....
...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....
...London insurance market said the area in the Red Sea designated higher risk had been expanded....
...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...
...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....
...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...
...“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....
...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...
...The letter continued that there were “certain reserved matters where IMI consent will still be required under the partnership agreement”....
...He added: “It’s important that we look at what challenges and best practices Meta should adopt when it comes to authenticating video content at scale.”...
...Additional reporting by Sarah White in Paris, Chan Ho-him in Hong Kong and Peggy Hollinger and George Steer in London...
...“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...
...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...
...So it’s easy to see why including one co-head but not another can send a certain type of message....
...“If folks in other jurisdictions . . . feel it is a good time to be giving away this cover to gain market share, best of British luck to them,” he told underwriters at a quarterly presentation. ...
...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?”...
...But with very few exceptions (such as certain regulated utilities) institutional investors don’t value companies based on dividend yield, at least not as a primary metric....
...Lloyd’s declined to comment on whether Crispin Odey is a participant in the market, but said “all members and participants at Lloyd’s are expected to meet the standards we set and action may be taken where...
...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....
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