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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....
...Caribbean nations are pursuing Lloyd’s and others for reparative payments, the Telegraph reported last month....
...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....
...NatWest, Lloyds, Santander, JPMorgan, HSBC, Metro Bank, EY, the PRA and the Financial Conduct Authority all declined to comment....
...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....
...“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....
...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...
...Israel-US ties: Israel’s defence minister Yoav Gallant meets his US counterpart Lloyd Austin in Washington....
...Still, Lloyds has decided against offering direct financial compensation to descendants of enslaved people, despite calls....
...US defence secretary Lloyd Austin has rebuked Israel over the killing of seven aid workers in Gaza, in a call with his Israeli counterpart....
...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....
...up the International Group of P&I Clubs, which take the first $10mn of losses from any one incident themselves, share another slice of losses with the wider group, and then reinsure losses above that at Lloyd...
...“Southern workers are ready to stand up and win a better life,” Kelcey Smith, a worker in the paint department at Volkswagen Chattanooga, said in a statement....
...The most extreme of these envisages $16tn of losses over the period, Lloyd’s said....
...ian.smith@ft.com...
...Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial...
...The chief executive of Lloyd’s of London, John Neal, told the Financial Times recently that he blamed the crisis at the NZIA, established in 2021, on “European thinking” that pushed all of its members into...
...Lloyd Austin’s health scare: US defence secretary was hospitalised last week after complications following surgery to treat prostate cancer, his medical team said yesterday. 5....
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