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...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....
...A centuries-old insurance marketplace, Lloyd’s launched the first phase of its “London Bridge” programme last year....
...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...
...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....
...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....
...Rupert Murdoch’s News Corp is also interested in buying the Spectator....
...As the insurance market Lloyd’s of London points out, less costly but highly unpredictable events such as wildfires and extreme heatwaves bring bigger headaches....
...‘Teaser’ documents will be sent to interested parties in the next week, before at least two rounds of bidding. The process is likely to be concluded early next year....
...Lloyds seized control of the Telegraph at the start of the summer from the Barclay family, which owed more than £1bn to the bank. Lloyds has appointed Goldman Sachs to oversee the sale....
...Neil Roberts, head of marine & aviation at the Lloyd’s Market Association — a trade association which represents underwriters across the specialist market — highlighted a “growing grey fleet that operates...
...sales, according to analysts at Panmure Gordon....
...“It’s not that Lloyds didn’t benefit, but they didn’t get very much at all.”...
...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...
...Bank of America raised concerns with Lloyd’s of London about a move to exempt big “state-backed” cyber attacks from standard insurance policies, underscoring the concern among financial institutions about...
...Czech energy tycoon Daniel Křetínský also looked at buying the broadsheet in 2020....
...“If folks in other jurisdictions . . . feel it is a good time to be giving away this cover to gain market share, best of British luck to them,” he told underwriters at a quarterly presentation. ...
...’s of London’s chief financial officer....
...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...
...Lloyd’s, a marketplace where brokers and underwriters meet to buy and sell commercial policies, has recently moved to attract more outside capital....
...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....
...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...
...Lloyd’s of London has warned that the war in Ukraine will represent a “major claim” this year, as it posted annual results showing a swing back to profit in 2021....
...Lloyd’s of London has issued the largest fine in its history, and its first for a non-financial infraction, against underwriting group Atrium for behaviour that included “systematic bullying” and the sexual...
...Lloyd’s is one of the City’s last face-to-face financial markets, with the underwriters sitting at desks called boxes and the brokers lining up to see them, waiting for their turn to discuss cover for everything...
...It was built on a system where brokers queued to see underwriters at their “boxes” in the underwriting room. The wait was long, but worth it....
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