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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....
...It is a return to Lloyd’s for Brindle, whose career includes founding London-listed Lancashire in 2005....
...A new model would enable Lloyds to “move at greater pace” with clearer roles and responsibilities, he said....
...Theodora Hadjimichael, chief executive of Responsible Finance, welcomed the pledge and called on other mainstream lenders to follow suit....
...in Britain and other countries....
...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....
...At the time, the firm said the move reflected its “ways of working” and “sustainability objectives”....
...Advisers at Robey Warshaw are mainly dealing with UK bidders while Raine is concentrating more on international investors....
...at Companies House, the UK’s corporate registry, disclose....
...The move by Lloyds came as a court hearing last week in the British Virgin Islands postponed the appointment of liquidators for a holding company that sits above the newspaper group and the debt....
...The goal is to automate the collating of data from brokers, actuaries and other internal and external sources and use analytics to help the underwriter decide whether to offer insurance and at what price...
...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....
...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....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...Meanwhile, the West End of London is seeing higher demand from companies, with vacancy at just 6 per cent....
...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....
...The claim of €400mn is split evenly between the primary and excess groups. The company also claimed for about €3.7mn for a damage survey, plus other costs....
...The lead underwriter is the key insurer in negotiating terms and taking the first tranche of potential losses, with the rest shared with other firms....
...Like other retail banks, Lloyds has benefited from the Bank of England’s rate increases over the past two years....
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
...Of the 13 underwriters on its equity offering, only three — Morgan Stanley, JPMorgan and Goldman itself, which led the float — have avoided being subsumed into other financial institutions....
...Simon Heaney, senior manager in container research at London-based Drewry Shipping Consultants, said alliances were vital for shipping lines and their customers....
...Budenberg, also chair of the Crown Estate, has had a highly successful career as an investment banker and became Lloyds chair at the start of 2021....
...Prior to his political career, he co-founded and was chief executive of polling platform YouGov. During his tenure, the UK group expanded globally, and joined the London Stock Exchange....
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