Hints and tips:
...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...
...In September, Lloyd’s of London defended a move to limit systemic risk from cyber attacks by requesting that insurance policies written in the market have an exemption for state-backed attacks....
...Lloyd’s of London insurer Beazley has launched the first cyber catastrophe bond, opening up one of the fastest-growing areas of the underwriting industry to investors as companies and governments seek to...
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...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....
...London insurance market said the area in the Red Sea designated higher risk had been expanded....
...Dame Inga Beale, former head of the Lloyd’s of London insurance market, said the episode demonstrated that the drive for gender equality still had “some way to go”....
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
...White Oak argues that from at least July 2020, Marsh was aware that Tokio Marine, Greensill’s lead insurer, had taken the decision not to extend further insurance to the group....
...’s of London’s chief financial officer....
...The Lloyd's of London insurance market prides itself on being able to put a price on anything — from Tina Turner’s legs or Bruce Springsteen’s vocal cords, to the risk that a bounty hunter might claim the...
...The LMG brings together Lloyd’s of London, insurers and brokers that operate in that market as well as the “company market”, which offers similar insurance but not within Lloyd’s....
...Underwriters have defended the new guidance as an attempt to bring clarity to what is, in insurance terms, still a relatively young market: the first cyber policy written at Lloyd’s was in 1999....
...Reinsurers, including those operating at Lloyd’s of London, have a crucial role in the global financial system: they share risks and premiums with primary insurers across a wide range of insurance policies...
...As the year’s big renewal event looms on January 1, property catastrophe reinsurance rates could rise not by the low double digits, but 20, 30, even 50 per cent, if Lloyd’s of London insurer Beazley is to...
...Earlier this month, Lloyd’s of London issued a bulletin noting that, “when writing cyber attack risks, underwriters need to take account of the possibility that state backed attacks may occur outside of...
...Brokers and underwriters gathered this week in Lloyd’s of London’s historic underwriting room to celebrate the Queen’s platinum jubilee, twice ringing the Lutine bell — a symbol of the insurance market’s...
...My train from Swansea consists of a single carriage and at certain stations only stops on request....
...At the heart of the industry is Lloyd’s of London. The syndicated market reported its best year of the past six at annual results on Thursday....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...The global market for specialist insurance, with Lloyd’s of London at its centre, is expected to take a hit....
...In its 2021 emerging risks report, Lloyd’s of London, the insurance marketplace, suggests that a gap in geopolitical insurance protection is emerging....
...In November, the Lloyd’s Market Association, a body that represents underwriters in London’s specialist insurance market, tried to address the uncertainty by publishing some model clauses for these exclusions...
...After three separate pandemic interruptions, insurance brokers and underwriters are gradually returning to the distinctive inside-out building at 1 Lime Street that Lloyd’s has called home since 1986....
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