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...
...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...
...At the time, a senior Lloyd’s executive said the move was “responsible” and preferable to waiting until “after everything has gone wrong.”...
...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...
...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....
...Beale, who attempted to improve the culture at Lloyd’s in her five-year tenure — a market where she has previously said junior female underwriters would be called “box bunnies” and “box bitches” — called...
...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....
...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...
...Overlaps have a mixed history at Lloyd’s: in the so-called LMX spiral in the late 1980s, the practice of Lloyd’s syndicates reinsuring each other on the same risk spectacularly blew up after a series of...
...The London Bridge channel “gives a perfect opportunity to our members and syndicates to reduce [their] cost of capital by a more efficient capital structure,” he added....
...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...
...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....
...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....
...The group’s Lloyd’s of London syndicate, an insurance underwriter for areas including offshore energy, said last week it would stop underwriting a wider range of oil and gas contracts from January....
...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...
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
...In its 2021 emerging risks report, Lloyd’s of London, the insurance marketplace, suggests that a gap in geopolitical insurance protection is emerging....
...For a while, working at First Boston carried a certain cache akin to Goldman or Morgan Stanley....
...the box in Lloyd’s, in our office or at home”....
...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...
...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...
...Lloyd’s: thinking outside the box Lloyd’s of London’s historic Underwriting Room will reopen on May 17 having mostly been out of action since last March, though things won’t be quite as they were....
...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....
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