Hints and tips:
...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...
...There are exemptions written into policies for certain types of attacks....
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...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...
...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”....
...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...
...Howard Hodgkin, artist (1932-2017) The former studio of Howard Hodgkin, located at the back of a Georgian building in London’s Bloomsbury, is flooded with light from the glass roof....
...The FT revealed on Thursday that Lloyd’s of London’s historic underwriting room would be kept open for business to allow brokers and underwriters to work in person during the crucial December renewal season...
...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....
...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....
...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...
...My train from Swansea consists of a single carriage and at certain stations only stops on request....
...As ever, drop me a note at sid.v@ft.com if you’ve got thoughts and ideas for upcoming Future of Money newsletters....
...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...
...director of opera James Clutton, “so that is what I try to do at Opera Holland Park.”...
...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....
...For a while, working at First Boston carried a certain cache akin to Goldman or Morgan Stanley....
...As the head of Lloyd’s of London, Neal is not simply wrestling with the future working habits of one company, but those of the about 400 firms that make up the centuries-old specialist insurance market,...
...Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market fuelled a recovery from the substantial pandemic-related losses suffered...
...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...
...As always, reach out to us at imani.moise@ft.com and sid.v@ft.com with thoughts and topics....
...Underwriters privately argue that brokers can use their scale not only to push up commissions but to pressure underwriters to take on certain risks, or pay certain claims....
...The traditional Lloyd’s model — through which brokers bring risk propositions from spacecraft to fine art to underwriters’ desks, called boxes, to discuss how to insure them — is unique to the City of London...
...Diane Coyle: I don’t think monetary policy is doing anything other than increase certain asset prices at present....
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