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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....
...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...A new model would enable Lloyds to “move at greater pace” with clearer roles and responsibilities, he said....
...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....
...By early afternoon in London, Lloyds shares were trading 0.8 per cent lower, while Santander was down 3.6 per cent....
...At the time, the firm said the move reflected its “ways of working” and “sustainability objectives”....
...Analysts at Enders say most bidders would be subject to public interest scrutiny, in particular if using Middle Eastern cash....
...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 has also made progress in reviving face-to-face trading. The work-from-home trend made for a listless atmosphere at its City headquarters....
...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....
...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....
...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...
...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....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...For the full year, profits came in at £7.8bn, also in line with forecasts....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...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....
...Belgian insurer Ageas has made a higher preliminary bid for UK motor underwriter Direct Line, which values the group at 237p a share....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...Drawing on a wide range of sources, Nick Lloyd, professor of modern warfare at King’s College London, shows just how wrong that view is....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said alliances were vital for shipping lines and their customers....
...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....
...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....
...Lloyd’s of London has pledged $50mn to global development projects, as part of a programme aimed at addressing lasting inequalities from the transatlantic slave trade that it enabled....
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