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...Loosening Lloyds’ risk controls “could potentially have catastrophic consequences for the future of the bank”, added Brown....
...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...This article has been amended since initial publication to clarify that Lloyds will be the lead investor in the new fund...
...A person familiar with the situation said the bank has closed Pisco’s account. Another PCC front company in the UK is Aria Associates, which has an account with Lloyds....
...— in Lloyd’s and the so-called company market that surrounds it....
...People close to the company said RedBird was also open to bringing in investors to replace all or part of the money provided by Abu Dhabi’s IMI....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Lloyds said pre-tax profits dropped year on year to £1.6bn, less than the £1.7bn analysts had expected....
...This month’s £242mn purchase of the Probitas syndicate will allow it to tap into what it said were the many brokers that prefer to place business via the Lloyd’s market....
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...“The only thing really covering the lines to be held are the bodies of our heroic defenders,” says a colonel quoted by Lloyd....
...Budenberg, also chair of the Crown Estate, has had a highly successful career as an investment banker and became Lloyds chair at the start of 2021....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...It was in fact the Çanak incident of September 1922 which was the trigger, with Lloyd George blamed for seeking an unnecessary confrontation with Turkey....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...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...
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months. For more on Lloyd’s, click here....
...The company also claimed for about €3.7mn for a damage survey, plus other costs. Lloyd’s of London and Arch declined to comment....
...Lloyds announced the provision on Thursday alongside its fourth quarter results....
...Aviva is to return to the Lloyd’s of London specialist insurance market for the first time in more than two decades after it announced the £242mn acquisition of Probitas....
...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....
...autonomy, I think they should not be an investor in the company.”...
...The Pentagon’s internal watchdog said it will probe the circumstances surrounding US defence secretary Lloyd Austin’s hospitalisation for cancer treatment and relevant notification policies....
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