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...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...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...
...This year, the company will write around £2bn of business within Lloyd’s itself....
...The robust performance from Lloyd’s was echoed in the annual results from Beazley, one of the market’s largest insurers....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...For more on Lloyd’s, click here....
...On Monday, the company announced it was buying Lloyd’s insurer Probitas for £242mn....
...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....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...Jessica SmithI’m Jess Smith and here’s the news you need to start your day. [MUSIC PLAYING] Tesla’s first-quarter earnings are out tomorrow, and they could be the worst in seven years....
...Israel-US ties: Israel’s defence minister Yoav Gallant meets his US counterpart Lloyd Austin in Washington....
...“Models aren’t perfect,” said Troy Dehmann, chief operating officer of Lloyd’s insurer Beazley, which has a partnership with Cytora to automate key tasks....
...And here’s what else I’m keeping tabs on today: ‘Hush money’ case: Opening arguments begin in the criminal trial of Donald Trump....
...US defence secretary Lloyd Austin has rebuked Israel over the killing of seven aid workers in Gaza, in a call with his Israeli counterpart....
...But he defended Lloyd’s decision to not offer direct financial compensation to descendants of enslaved people. “I’m not persuaded that this is just about money,” he said....
...In New York, Ben Gordon of Metropolitan Garden Design has turned a tiny 4 sq m Brooklyn balcony into a scene that can be enjoyed from the living room, incorporating lighting for night time....
...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...
...With a promising M&A pipeline in prospect, and a lowly covenant leverage of 0.4 times Ebitda, we should expect further deals over the medium term....
...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....
...And here’s what else I’m keeping tabs on today: Economic data: US government data is expected to show that job openings in February fell to 8.7mn from about 8.9mn in January....
...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
...Caribbean nations are pursuing Lloyd’s and others for reparative payments, the Telegraph reported last month....
...Here’s what else I’m keeping tabs on today: Gold price: The price of the precious metal hit another record high this morning after the Federal Reserve signals it intends to cut interest rates even as inflation...
...Here’s what I’m keeping tabs on today: Markets: The S&P 500 will be in focus today after the US equity index closed at a record high on Friday following strong results from Meta and Amazon....
...Here’s what else I’m keeping tabs on today: Donald Trump legal deadline: Today marks a deadline for Trump to pay a $464mn bond to cover a civil fraud judgment....
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