Hints and tips:
...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...
...At the time, the company said this did not reflect investor sentiment but the difficulty of getting a significant amount of money into Lloyd’s syndicates in time for the next underwriting cycle....
...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...
...The London Bridge channel “gives a perfect opportunity to our members and syndicates to reduce [their] cost of capital by a more efficient capital structure,” he added....
...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....
...It is the broker’s job to find insurers to cover the risks of a particular client, and the underwriter’s to choose which to accept and at what terms....
...Lloyd’s of London swung back to profit in the first half as a stronger underwriting performance at the specialist insurance market fuelled a recovery from the substantial pandemic-related losses suffered...
...Lloyd’s: thinking outside the box Lloyd’s of London’s historic Underwriting Room will reopen on May 17 having mostly been out of action since last March, though things won’t be quite as they were....
...Insurers listed on an unredacted 2020 certificate include familiar names, such as AIG, Chubb, and syndicates from the Lloyd’s of London specialist market....
...Lloyd’s closed its historic underwriting room for a second time in January, but the venue — home to one of the few remaining face-to-face markets in the City of London — is due to reopen in May, albeit at...
...Undisputed claims will still cost insurers some $107bn, estimates Lloyd’s of London, with members covering $4.3bn of the bill. That equates with destructive hurricane seasons in 2005 and 2017....
...Lloyd’s of London revealed its latest attempt to shake up the staid insurance market, with a plan including cost cuts and increased automation that could help it double its size over the next decade....
...Lloyd’s of London chief executive John Neal has said that cultural change is a “huge” part of his plans to reform the insurance market....
...John Neal, the new chief executive of Lloyd’s of London, has laid out plans to rejuvenate the insurance market, promising to cut costs, increase the use of technology and win more business....
...Lloyd’s is an obstinate place, ruled by its underwriters and brokers....
...A bit like a shop front for the dozens of underwriting syndicates that operate under its roof, it has thrived on the underwriters’ ability to respond to unusual or bespoke risks — from typhoons and cyber...
...Lloyd’s of London is to enter the cannabis insurance market, offering cover in Canada to people who produce, distribute and sell it....
...The LMG data show that almost a quarter of Lloyd’s syndicates missed the target, and 13 per cent did not use the system at all in the second quarter....
...Lloyd’s, the London-based insurance market, has banned its syndicates from writing business for the US National Rifle Association....
...Change comes slowly at Lloyd’s of London, the 332-year-old insurance market. Recently its bosses relaxed a rule saying that men must wear ties....
...The underwriters at Lloyd’s faced claims for hurricanes in Florida and the Caribbean, earthquakes in Mexico and wildfires in California in what chief executive Inga Beale called “the costliest year for a...
...Lloyd’s of London swings into the red Lloyd’s of London reported its first loss in six years as a series of natural catastrophes took their toll on the insurance market....
...If it was in digital form right at the beginning we could reduce the costs for the brokers in bringing business to Lloyd’s, reduce the costs for the underwriters in capturing the data and improve the quality...
...Last year XL bought Catlin for about £2.8bn, the largest-ever takeover of a Lloyd’s underwriter, while Fairfax Financial, also based in Toronto, agreed to buy Brit....
...At Lloyd’s, London’s conservative insurance market, it is little short of a revolution....
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