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Showing results for Certain Underwriters at Lloyd's, London v. Insurance Company of the State of Pennsylvania, The

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Climate change
Lloyd’s of London warns insurers climate-related pain is still to come
...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....
October 22, 2023
War in Ukraine
Russian ‘dark fleet’ lacks disaster insurance, leaks suggest
...The Russian dark fleet’s insurance arrangements with Ingosstrakh potentially expose coastal states in Europe and Asia to huge potential clean-up costs in the event of a spill....
March 15, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Insurance
Scrapping the spreadsheet: start-ups take aim at an old insurance addiction
...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...
April 7, 2024
Greensill Capital
Zurich accuses Greensill and Gupta groups of conspiracy to deceive its underwriters
...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....
February 2, 2024
Lloyd's of London Ltd
Lloyd’s of London to stay in landmark building until at least 2035
...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...
December 16, 2023
Ian Smith
Is state intervention needed for cyber insurance?
...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....
November 1, 2023
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Lloyds Banking Group PLC
Lloyds takes £450mn provision for car financing probe
...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....
February 22, 2024
Special purpose acquisition companies
London Spac ditches attempt to raise funds for insurance deal
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
November 13, 2023
Insurance
Hiscox to use AI for underwriting process in tie-up with Google
...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....
December 12, 2023
UK insurance industry
Lloyd’s brokers settle with US DoJ over Ecuadorean bribery scheme
...from state-owned insurance companies....
November 21, 2023
The Big Read
The uninsurable world: what climate change is costing homeowners
...Local insurance brokers say they have seen a big jump in calls from homeowners in search of cover as companies pull out of certain neighbourhoods....
February 13, 2024
LexHelen Thomas
The Lex Newsletter: Coming back stronger? Premium content
...Read more here. 5) Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour....
March 27, 2024
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
March 27, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...group, and then reinsure losses above that at Lloyd’s of London....
March 27, 2024
FT CollectionsWar in Ukraine: economy and trade
Ukraine reaches deal with insurers for grain shipments
...It will offer up to $50mn each of hull and liability insurance from Lloyd’s of London firms for ships carrying agricultural commodities, providing so-called war risk cover in case of losses coming from the...
November 15, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Israel-Hamas war
BP pauses oil shipments through Red Sea after rebel attacks
...London insurance market said the area in the Red Sea designated higher risk had been expanded....
December 18, 2023
UK business
More than 140,000 UK SMEs suffered ‘debanking’ last year
...Lenders were asked in December by the Treasury committee to state how many SME accounts they hold, the number of closures in the past year and the reasons behind them....
February 27, 2024
Maritime accidents and safety
Biden administration warns of lengthy disruption at Baltimore port
...Julien Horn, a partner at insurance broker McGill & Partners, said the potential liabilities “go beyond the rebuilding of the bridge and will need to consider removing the bridge debris” from the ship and...
March 28, 2024
FirstFT
FirstFT: Obama and Clinton back Biden’s support for Israel’s war in Gaza
...The chief of Lloyd’s of London has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than wait for years of wrangling over which part of the sector is liable...
March 29, 2024
War in Ukraine
‘Plan B’ needed on Russia sanctions, says top Lloyd’s marine insurance figure
...Lloyd’s of London, the corporation that runs the insurance market, has worked with governments and regulators to implement western sanctions that it has described as “the best weapon at our disposal” in...
May 31, 2023
UK companies
Some pointless charts about the FTSE 100 to celebrate its 40th birthday
...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?”...
January 3, 2024
Daily Telegraph
RedBird IMI takeover of Telegraph faces fresh scrutiny over proposed structure
...The proposal for the new UK company was not intended to change the identity, nature or economic interests of the ultimate shareholders at RedBird IMI, the government said, citing the investment vehicle....
January 24, 2024
UK banks
Jeremy Hunt summons UK banks to discuss poor valuations
...of the City of London....
January 18, 2024
Reddit Inc
Reddit is casting aside community spirit in search of financial maturity
...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...
March 12, 2024
Lloyd's of London Ltd
Bank of America warns Lloyd’s over state-backed cyber attack exclusion
...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...
April 20, 2023

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