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...This article has been amended since initial publication to clarify that Lloyds will be the lead investor in the new fund...
...Another PCC front company in the UK is Aria Associates, which has an account with Lloyds....
...This year, the company will write around £2bn of business within Lloyd’s itself....
...The insurer is due to underwrite about £2bn of business within Lloyd’s this year and then grow that as a central part of owner Mitsui’s five-year strategy to reach £3bn within Lloyd’s and the so-called company...
...The move by Lloyds came as a court hearing last week in the British Virgin Islands postponed the appointment of liquidators for a holding company that sits above the newspaper group and the debt....
...Insurance prices are surging as companies look to repair their margins after years of significant losses from severe weather to insured properties, exacerbated by inflation in rebuild costs....
...The family still technically own the Telegraph after repaying the Lloyds loan, although they cannot exert any influence over the company given the convertible loan agreement that has left RedBird IMI in...
...The company also claimed for about €3.7mn for a damage survey, plus other costs. Lloyd’s of London and Arch declined to comment....
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...As things stand, Lloyds will pay down to a CET1 of 13.5 per cent this year....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...Lloyds owns Black Horse, the UK’s largest motor finance provider. Lloyds announced the provision on Thursday alongside its fourth-quarter results....
...Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctions-hit Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial...
...Hapag-Lloyd, which operates the world’s fifth-biggest fleet, will leave the THE alliance, of which it is the largest member....
...In 1898, Wright used money earned designing glass tiles for Luxfer Prism Company to build a new studio connected to the house....
...The move prompted nearly a third of respondents to report dissatisfaction with the company in an annual staff engagement survey, with the bank’s policy on flexibility cited as the main cause of discontent...
...Lloyd’s said the agreement with Chinese insurance company Ping An, which has owned the building for a decade, will allow it to continue its renovation of workspaces and make further refurbishments, including...
...On Tuesday afternoon, the boards of the parent companies of Telegraph Media Group and The Spectator said that the sales processes for each of the businesses would be paused until December 4....
...The Lloyds boss warned last year of “nervousness” and “concerns about the UK as an investment thesis”....
...Shipping companies generated record profits during the pandemic. In the first six months of 2021, Hapag-Lloyd reported higher earnings than it had in the previous 10 years as a whole....
...If no deal is reached by then, Lloyds will resubmit an application to a judge in the British Virgin Islands to liquidate the company that sits above both groups, and holds the debts, in effect ending the...
...White said the materials underlined the relationship between Lloyd’s and the African Company of Merchants, a key slave-trading venture, and revealed the role of several members of the governing committee...
...Tysers, a Lloyd’s broker established in 1820 and acquired last year by Syndey-based AUB Group, will pay $46.5mn in penalties and forfeiture....
...Its 50 per cent market value discount to book value is far greater than those for local rivals Lloyds and NatWest....
...The FT revealed last year that Lloyds held a guarantee in the holding companies controlling Very Group that was linked to the distressed debt behind the Telegraph newspaper group, which was then also owned...
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