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Insurance
Scrapping the spreadsheet: start-ups take aim at an old insurance addiction
...for certain policies and digital triaging of broker submissions plus automation of certain tasks for others....
April 7, 2024
Insurance
Cyber attacks set to become ‘uninsurable’, says Zurich chief
...At the time, a senior Lloyd’s executive said the move was “responsible” and preferable to waiting until “after everything has gone wrong.”...
December 26, 2022
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Cyber Security
Insurer Beazley launches first catastrophe bond for cyber threats
...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...
January 9, 2023
Lloyd's of London Ltd
Lloyd’s hunts for billions in fresh capital in expansion of ‘London Bridge’ programme
...Keese predicted that the market’s “reinsurance to close” mechanism at Lloyd’s — where underwriting books are effectively closed after three years and reinsured — would allow other areas of property & casualty...
August 3, 2022
Ian Smith
Is state intervention needed for cyber insurance?
...Underwriters have put in tougher exclusions on standard cyber policies for major state-backed cyber attacks, meaning such events will not typically be covered, unnerving some big commercial clients....
November 1, 2023
Tej Parikh
Britain needs to get better at measuring growth
...No politician should get credit for saying they are “pro-growth” — it’s a bit like claiming to be “pro-health”....
January 25, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
US-China relations
China pledges to renew military dialogue with US while criticising meddling
...“No matter who tries to split Taiwan from China, the Chinese military will not allow that under any circumstances,” the general said. “[We] will show absolutely no mercy.”...
October 30, 2023
Daily Telegraph
RedBird IMI takeover of Telegraph faces fresh scrutiny over proposed structure
...Other legal undertakings to the government have promised to guarantee IMI’s status as a passive investor, with no role in operational or editorial matters....
January 24, 2024
Lloyd's of London Ltd
Lloyd’s of London chief wants traders in building to ‘get Monday back’
...insurance policies at the underwriter’s desk, or “boxes” as they are traditionally called....
March 8, 2023
Competition & Markets Authority
UK competition watchdog green lights rules for climate collaboration
...fuel projects, or fashion groups no longer using fabrics that contribute to plastic pollution....
October 12, 2023
Lloyd's of London Ltd
Lloyd’s of London battles insurers over ‘state-backed’ cyber attacks
...Some businesses, fearful that the policies will no longer give them adequate cover, have taken their concerns to Lloyd’s leadership directly, according to people familiar with the matter....
March 31, 2023
The Big Read
Biden’s troubled Gaza strategy: ‘the US looks feckless’
...The conflict in the Middle East broke out at a pivotal moment for Biden’s foreign policy, and now threatens to overwhelm it....
December 22, 2023
War in Ukraine
Bakhmut retreat would be no ‘setback’ for Ukraine, says US
...US defence secretary Lloyd Austin has played down the significance of a potential Ukrainian retreat from the eastern city of Bakhmut, as Russia’s months-long offensive came closer to encircling the city....
March 6, 2023
Letter
Letter: Ukraine war prompts this thought experiment
...Countries subscribing to realpolitik do whatever they think they can get away with. Their fellow nations need muscular and engaged foreign policies to ensure they harbour no illusions on this score....
April 21, 2023
Flexible working
Employers and staff seek truce on office working
...According to a Boston Consulting Group survey of 1,500 mainly US and European office workers in spring 2023, almost two-thirds (62 per cent) had no say in their company’s policy....
September 10, 2023
FT Live
Investing in Piauí – Brazil
Exploring business opportunities and delivering sustainable growth
Friday, 17 May22 Vanderbilt, Madison Avenue, New York, NY, USA
Greensill Capital
Marsh sued for $143mn over Greensill insurance
...It added certain account debtors within the scheme either “have no outstanding indebtedness” to Liberty Commodities, “do not recognise the relevant receivable” or “have no transaction history whatsoever”...
June 19, 2023
Disrupted Times
One year to go: US election race gets into gear
...Today’s top stories The US said Israel had “no intent to reoccupy Gaza” after its war with Hamas. Follow our full coverage of the conflict here....
November 8, 2023
FT Asset Management
Asset Management: Paul Marshall readies Telegraph bid
...government policy....
October 16, 2023
Insurance
Lloyd’s of London defends cyber insurance exclusion for state-backed attacks
...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....
September 5, 2022
Executive Pay
Insurer Beazley cuts CEO and finance chief pay after results error
...In cyber insurance, brokers and buyers have chafed at newly written exclusions in policies intended to make clear that businesses will not be protected from state-backed attacks....
March 8, 2023
House & Home
The prospect of the childless city
...Whether a neighbourhood can be all things to every age group is a huge challenge, says Paul Swinney, director of policy and research at the Centre for Cities, another think-tank....
July 14, 2023
The Weekend Essay
A boat to stop the boats? Bibby Stockholm and the battle over asylum
...a UK government asylum solution, there are no pictures of what it will be like for two or more men to share a cabin, as would have to be the case for the 222-bedroom vessel to accommodate 500 men....
July 22, 2023
Josephine Wolff
Insurers must rethink handling of cyber attacks on states
...Since the Merck ruling suggests that these attacks may not be considered sufficiently “warlike” to fall under existing war exclusions, the Lloyd’s bulletin requires underwriters to start explicitly excluding...
August 29, 2022
News in-depthWar in Ukraine
Transatlantic ‘growing pains’: how Scholz made Biden shift on tanks for Ukraine
...“There’s a western policy but there’s no European policy,” said Liana Fix, a fellow at the New York-based Council on Foreign Relations. “Everyone is looking towards Washington.”...
January 26, 2023
Transcript
Is ‘Fortress UK‘ a vote-winner?
...Now, when you talk to Labour veterans of a certain age, they go, well, it doesn’t matter, they’re not gonna hit this target....
April 6, 2023

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