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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....
...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....
...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...
...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....
...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....
...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...
...The Financial Conduct Authority last month said it would investigate certain commissions charged on car financing deals dating back a decade, saying the agreements gave lenders and dealers incentives to...
...In 2021, Lloyd’s insurer Brit launched Ki, which provides automated “follow”-only cover, after working with Google and University College London. But Ki has not moved into lead underwriting....
...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....
...What you probably don’t think of when you think of a grand London hotel, however, is a sleek steel and glass block by Richard Rogers, the architect of the Pompidou Centre and the Lloyd’s Building....
...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...
...The Daily Mail reported it had obtained an audio tape in which Ali blamed “people in the media from certain Jewish quarters” for fuelling criticism of a pro-Palestinian Labour MP. Ali has apologised....
...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...
...Zucker flew to London this week to offer personal assurances that Abu Dhabi would have no influence on the newspaper’s management....
...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...
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said there was “definitely pain” for shipping companies’ customers as a result....
...The letter continued that there were “certain reserved matters where IMI consent will still be required under the partnership agreement”....
...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...
...She brings a show of eight works by the self-taught Thai painter Channatip Chanvipava, now studying at London’s Royal College of Art....
...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...
...Marshall is one of the bidders for the Daily Telegraph in an auction by Lloyds Banking Group, which seized control of the newspaper earlier this year from the Barclay family....
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