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...The move would cement the group as one of the biggest underwriters in the London market. This year, the company will write around £2bn of business within Lloyd’s itself....
...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....
...MS Amlin, one of the biggest Lloyd’s of London insurers, plans to expand in areas such as marine cover and liability insurance after spending three years repairing its underwriting profit margins....
...Lloyd’s of London does not plan to offer direct financial compensation for its role in the slave trade, according to people familiar with the matter, rebuffing growing calls for UK institutions to pay reparations...
...Analysts at Enders say most bidders would be subject to public interest scrutiny, in particular if using Middle Eastern cash....
...at Companies House, the UK’s corporate registry, disclose....
...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 struck a deal in December to stay at its iconic One Lime Street headquarters until at least 2035, and embarked on a renovation of its trading space....
...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...
...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....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...For the full year, profits came in at £7.8bn, also in line with forecasts....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...Automation has crept into the so-called “follow” market at Lloyd’s, which is when insurers take a later tranche of the risk on a particular policy....
...is also being pursued in London over its role in managing the insurance cover....
...Analysts at RBC Capital Markets have estimated the car financing problems, which have echoes of the payment protection insurance scandal, could cost Lloyds £2.5bn, more than any of its rivals....
...Belgian insurer Ageas has made a higher preliminary bid for UK motor underwriter Direct Line, which values the group at 237p a share....
...LIU had intended to use the funds to invest in Lloyd’s of London, the world’s oldest insurance market....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said alliances were vital for shipping lines and their customers....
...Nunn also welcomed investment pledges made by prime minister Rishi Sunak at a summit in London on Monday and praised the UK’s “distinctive features”, including its infrastructure bank....
...Such an attack could cause $3.5tn in global economic damage, according to modelling by the Cambridge Centre for Risk Studies for the Lloyd’s of London insurance market, released in October....
...Lloyd’s of London has pledged $50mn to global development projects, as part of a programme aimed at addressing lasting inequalities from the transatlantic slave trade that it enabled....
...The Commons culture committee has also said it would look at foreign state ownership of UK media assets....
...Overall prices at Lloyd’s rose 9 per cent in the first half. This helped to drive both a 22 per cent increase in premium income and a sharp rise in underwriting profits....
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