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...But at a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear evidence that a warming climate is a major driver in claims costs...
...The cell is not subject to corporation tax on its profits or withholding tax on distributions, Lloyd’s says....
...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...
...Neil Roberts, head of marine & aviation at the Lloyd’s Market Association — a trade association which represents underwriters across the specialist market — highlighted a “growing grey fleet that operates...
...There were a “number of teams of underwriters” that were developing add-on policies that could cover state-backed attacks, it added....
...Catherine McGuinness, policy chief at the City of London Corporation, the local authority for the capital’s financial district, said: “Christmas has been cancelled for many City shops, restaurants, pubs...
...Lloyd’s, a marketplace where brokers and underwriters meet to buy and sell commercial policies, has recently moved to attract more outside capital....
...Tiernan, who was Lloyd’s representative at the meeting with Boris Johnson, said the corporation was also “working closely” with the entire market “and relevant associations to ensure the efficient functioning...
...corporation that oversees the international market....
...Share your thoughts with the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...the box in Lloyd’s, in our office or at home”....
...Lloyd’s is in talks with these underwriters over their 2022 business plans....
...“The physical presence of companies, underwriters and brokers is a key feature,” says Arthur Wightman, territory leader at PwC. “It is not a shell jurisdiction . . . it is a substantive market.”...
...“I don’t want to quote [former Goldman chief executive Lloyd] Blankfein and say we’re doing ‘God’s work’, but at least it feels like we’re on the side of the good this time round,” says one banker who advised...
...(BBC) Video of the day Are corporations paying enough tax?...
...Ms Beale hopes that the Lab will be able to give some sort of coherence to the innovation efforts being made by the various underwriters and brokers at Lloyd’s....
...Ireland should have no problems luring Lloyd’s underwriters. Dublin has some great pubs, after all. Paris will struggle to attract refugees, given local hostility to high earners....
...Like other insurers, the underwriters at Lloyd’s were hit by claims from a series of natural catastrophes last year....
...Therefore Lloyd’s Corporation has decided to direct underwriters in the market to terminate any existing programmes of this type and not to enter into any new ones.”...
...Part of her role is to encourage the insurance market’s “members” — a collection of underwriter corporations and private individuals — to adopt best practice....
...When I joined the FT in March 1985 three institutions dominated the City of London: the Bank of England, the London Stock Exchange, and Lloyd’s of London....
...Moody’s estimated US corporations held about $1.3tn offshore at the end of last year....
...The profits of underwriters were 22 per cent higher, at £1.46bn, on sales 5 per cent better at £16.3bn. But the jumps reflected sterling’s fall against the dollar....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...He recently joked that a meeting with the City of London Corporation was “a cross I have to bear”....
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