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...The Japanese owner of Lloyd’s of London underwriter MS Amlin plans to boost its underwriting capacity in the capital’s specialist market by half to £3bn in the next five years, as it invests in the UK hub...
...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”....
...This article has been amended since initial publication to clarify that Lloyds will be the lead investor in the new fund...
...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....
...By early afternoon in London, Lloyds shares were trading 0.8 per cent lower, while Santander was down 3.6 per cent....
...Deloitte has taken on extra office space in central London less than two years after making cutbacks, in an about-turn that indicates staff in professional services are returning to the workplace more regularly...
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...Several industry veterans told the Financial Times that Ki, a digital insurer in the Lloyd’s of London market that provides insurance cover to businesses, had increased awareness of the benefits of automation...
...Lloyd’s has also made progress in reviving face-to-face trading. The work-from-home trend made for a listless atmosphere at its City headquarters....
...Lloyd’s of London has delivered its best underwriting performance since 2007 and signalled that commercial insurance prices are likely to stay high in the coming years....
...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....
...The chief executive of the Lloyd’s of London insurance market has said insurers should “just get on with it” and pay out for the Baltimore bridge collapse, rather than waiting for years of wrangling over...
...Howden, the UK insurance broker, has secured £500mn of insurance capacity from a group of Lloyd’s of London firms for a newly launched division that aims to turn tech start-ups into mini underwriters....
...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...
...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....
...For the full year, profits came in at £7.8bn, also in line with forecasts....
...Lloyd’s of London and Arch declined to comment. Nord Stream said: “We are not in a position to provide any detailed comments to the legal proceedings.”...
...In 2021, Lloyd’s insurer Brit launched Ki, which provides automated “follow”-only cover, after working with Google and University College London. But Ki has not moved into lead underwriting....
...is also being pursued in London over its role in managing the insurance cover....
...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...
...Shares in Lloyds were down 0.5 per cent in early trading and have fallen about 10 per cent since the start of the year, partly because of worries about its ownership of Black Horse....
...It suffered a string of profit warnings in 2022 and 2023 after a surge in claims costs....
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