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...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...
...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....
...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...
...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....
...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....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...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....
...at the Empire Exhibition in London, and the first commemorative stamps being issued in Great Britain....
...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...
...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....
...“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....
...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....
...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...
...“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...
...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...
...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...
...Lloyd....
...“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. ...
...So it’s easy to see why including one co-head but not another can send a certain type of message....
...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?”...
...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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