Hints and tips:
...Probitas’s Lloyd’s underwriting syndicate has increased its annual premiums by a fifth every year since 2019, taking in £288mn in 2023....
...They’re a celebration of the moment a building reaches the sky, and that’s what we were trying to do.”...
...“We’re done for the year,” said one European banker familiar with the market, adding that they anticipated further listings intended for this year to be delayed....
...Overlaps have a mixed history at Lloyd’s: in the so-called LMX spiral in the late 1980s, the practice of Lloyd’s syndicates reinsuring each other on the same risk spectacularly blew up after a series of...
...This week, we’re looking at what happens when the show moves on....
...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....
...But it is increasingly being cut into illegal street drugs via a well-honed supply chain built by Chinese and Mexican crime syndicates....
...He said the signatories were a range of Lloyd’s syndicates, which are groups of members who pool capital and take on insurance risks....
...Lloyd’s said on Tuesday it “supports safe and constructive engagement on climate change and we’re continuing to work to support a responsible transition”....
...Banks led by Morgan Stanley haven’t been able to syndicate $12.7bn of debt they funded for the buyout....
...“You’re completely bathed in scent out here,” he says....
...“I think if you are going to re-represent the underwriting room, it has to be fundamental change,” he said. “Do we have to continue to have underwriting boxes occupying the ground floor?...
...“They’re not saying we’re closing the door [to global investors]. They’re saying if anyone else closes the door for us, we have to be well equipped and prepared.”...
...You're not allowed to talk clients. You're not allowed to poach staff. And Zurich is a small town....
...Kreyn, the artist, likens him to a Renaissance patron. “We’re lucky in the West End that three of the four major theatre owners are private,” says Lloyd Webber....
...The syndicates that make up the Lloyd’s market have faced mounting payouts for business interruption, event cancellation and other claims arising from the coronavirus crisis....
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
...Juan Colombas, who served in risk roles at Lloyds Banking Group and Santander, will also join the board....
...at Lloyd’s of London....
...Credit Suisse’s new chair — outgoing Lloyds CEO António Horta-Osório — arrives on April 30....
...It has no plans to open a syndicate at Lloyd’s of London this year. But Mr Catlin, who transformed his last venture into the biggest Lloyd’s insurer, said it would keep the possibility open....
...They’re not wrong, Lex explains, but that’s only a part of the story....
...“Everybody has been inundated with emergency requests,” says Sir Lloyd. “Charities have had to do it because they’re all in dire need....
...New frontiers: Blackstone has backed the digital revolution in the Lloyd’s of London insurance market, putting money into a $500m investment round in Ki, a digital-only syndicate, reports Insurance Insider...
...Its existing Lloyd’s syndicate, run by its Talbot Underwriting unit, generated $950m of premiums last year....
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