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...Lloyd’s List Intelligence data shows that by the first week of January, Red Sea vessel transits had dropped almost 20 per cent year on year....
...Just last week, we brought you the tale of the co-head drama inside the bank....
...A lawsuit settled by Travelers in 2018 alleged that it had denied insurance to landlords renting to households receiving income support, which are disproportionately made up of black women....
...John Neal, the chief executive of Lloyd’s of London, the specialist insurance market, said the alliance had set more demanding targets than some US insurers could support but that it was too early to write...
...In 2018 an unnamed employee at insurance company Prudential earned £16.6mn, more than double the salary of the chief executive....
...He was previously co-head of healthcare investment banking for Emea at Credit Suisse....
...The equivalent US benchmark West Texas Intermediate fell 0.9 per cent to trade at $77.29 a barrel....
...Five big global insurers and Lloyd’s of London, the insurance market, have quit the Net-Zero Insurance Alliance as growing US political pressure and legal fears plunge the climate initiative into crisis....
...The debate unleashed by Lloyd’s has also exposed how contentious the question of cyber insurance has become for the industry....
...Lloyd’s of London, which had set a goal to end new insurance for the dirtiest projects of thermal coal and oil sands, as well as Arctic drilling, from the start of last year, also then appeared to row back...
...Another co-founder, Steve Koltes, stepped down a couple of years ago, leaving a largely new group of dealmakers to take over the running of the firm....
...That repayment, a legal obligation for Lloyds, would short circuit the auction, bringing the business out of receivership....
...Direct air capture — or DAC — sucks CO₂ emissions out of the air to be buried underground or reused in building materials, agricultural products or fuels, rather than contribute to global warming by lingering...
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
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