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...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...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....
...entities “continue to use London as a financial centre”....
...But at a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear evidence that a warming climate is a major driver in claims costs...
...The developer and manager of the London docklands estate — owned by Brookfield and the Qatar Investment Authority — on Thursday reported a 14.7 per cent annual fall in the value of its property holdings...
...These included a failure to properly recognise non-character letters such as full stops, and meant names in certain formats could be missed....
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...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...
...However, competition in the savings and mortgage markets and expectations of rate cuts have weighed on interest margins....
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...Lloyd’s struck a deal in December to stay at its iconic One Lime Street headquarters until at least 2035, and embarked on a renovation of its trading space....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...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...
...Financials Acquisition Corp, a special purpose acquisition company, said on Monday it had terminated a plan to combine with a newly created entity, London Innovation Underwriters, after the latter received...
...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....
...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....
...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....
...DS Smith, whose US buyer said would seek a secondary listing in London for the combined entity....
...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....
...“We believe the letter contains inaccurate statements and false allegations concerning PwC and certain of our partners....
...De Montessus was the highest-paid chief executive in the FTSE 100 in 2021, earning $22.7mn, despite Endeavour being a fraction of the size of the London market’s biggest companies such as Shell and AstraZeneca...
...A fistful of measures, including new incentives and disclosure rules, are intended to bulk up the shrinking London market....
...The entities lent to were not independent but were connected with people behind LCF, he claimed....
...Nunn also welcomed investment pledges made by prime minister Rishi Sunak at a summit in London on Monday and praised the UK’s “distinctive features”, including its infrastructure bank....
...certain and came in at a lower value....
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