Hints and tips:
...The London Bridge channel “gives a perfect opportunity to our members and syndicates to reduce [their] cost of capital by a more efficient capital structure,” he added....
...Korea-backed cyber crime syndicate....
...Since it has been grossing only an average of $850,000 weekly this year, the sums no longer add up....
...The case names 35 insurers and reinsurers as defendants, including one consortium of war-risk insurers operating in the Lloyd’s of London insurance market and 19 syndicates of Lloyd’s underwriters....
...The group’s Lloyd’s of London syndicate, an insurance underwriter for areas including offshore energy, said last week it would stop underwriting a wider range of oil and gas contracts from January....
...In the case, Mr Justice Teare considered whether the cause of the fire absolved the various insurers and Lloyd’s of London syndicates that had insured the vessel from paying out to the vessel’s owners or...
...the City of London....
...A steady stream of Lloyd’s syndicates have come out in recent months to pledge that they will not underwrite the project....
...Lloyd’s: thinking outside the box Lloyd’s of London’s historic Underwriting Room will reopen on May 17 having mostly been out of action since last March, though things won’t be quite as they were....
...The coronavirus hit to Lloyd’s of London is expected to top £6bn in claims, with the impact of the pandemic pushing the specialist insurance market to its worst underwriting result in three years....
...So Credit Suisse was trying to syndicate and sell the risk of financing some of these assets out to hedge funds. We published a story which sort of laid bare some of these transactions....
...Insurance market Lloyd’s of London, once a bastion of pinstripes, in-person trading and liquid lunches, is joining the digital natives....
...The company will be based in Bermuda but will also have operations in London. It has no plans to open a syndicate at Lloyd’s of London this year....
...“At least three hedge funds have very actively gone short this morning, enabled by banks outside of the syndicate [of the IPO],” one banker involved told the FT. “The opening move was very sharp.”...
...A world away from cosmetics, Lloyd’s of London was boldly going where it had never gone before: into the world of artificial intelligence....
...Lloyd’s of London revealed its latest attempt to shake up the staid insurance market, with a plan including cost cuts and increased automation that could help it double its size over the next decade....
...The Lloyd’s of London commercial insurance market publishes combined results data for its syndicate members on Thursday....
...Julian Tighe, chief executive of Asta, which manages a number of Lloyd’s syndicates, said: “We’d be fooling ourselves if we thought it would be easy....
...David Rowland, the man who rescued the Lloyd’s of London insurance market from collapse in the 1990s, has died aged 85....
...“For example, we have no intention of going to Lloyd’s in China, but I fully support it. If we want to go to China, we can use the Lloyd’s licence.”...
...A traditional institution is at risk of becoming an anachronism. Lloyd’s has a future. If had not been founded in a coffee house in 1688, no one would now invent it....
...Profits at Lloyd’s of London halved in the first half of the year, as the insurance market’s results showed the scale of the challenge facing incoming chief executive John Neal....
...The fine follows an investigation into the preparation and audit of a Lloyd's of London insurance syndicate....
...One example is a global data transfer platform that operates across thousands of participants that work with the Lloyds market....
...Lloyd’s, the London-based insurance market, has banned its syndicates from writing business for the US National Rifle Association....
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