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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....
...A new model would enable Lloyds to “move at greater pace” with clearer roles and responsibilities, he said....
...Names were the historical basis of the Lloyd’s market, but also at the centre of one of its biggest controversies....
...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...
...Another PCC front company in the UK is Aria Associates, which has an account with Lloyds....
...The potential deal would come at an uncertain time for the US IPO market....
...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...
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...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....
...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 following month Conservative MPs met at the Carlton Club and voted to withdraw from the coalition, resulting in Lloyd George’s immediate resignation. Peter Macfarlane Romsey, Hampshire, UK...
...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...
...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....
...Kent left Zurich in 2020 and went on to become head of credit risk management at GFG Alliance. Kent previously did not reply to a request for comment from the FT....
...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....
...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....
...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....
...For the full year, profits came in at £7.8bn, also in line with forecasts....
...Last month Japanese insurer Mitsui Sumitomo said it would increase its underwriting capacity at Lloyd’s and the wider London market that surrounds it....
...Drawing on a wide range of sources, Nick Lloyd, professor of modern warfare at King’s College London, shows just how wrong that view is....
...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....
...The Pentagon’s internal watchdog said it will probe the circumstances surrounding US defence secretary Lloyd Austin’s hospitalisation for cancer treatment and relevant notification policies....
...Lloyd’s of London and Arch Insurance are listed as representative defendants on behalf of the multiple insurers on the policies....
...On completion in 1889, it broke the Victorian box format with its open flow between ground-floor rooms, and served as a laboratory for his ideas, Sarah Holian, curator at the Frank Lloyd Wright Trust, tells...
...At the Shangri-La Dialogue defence forum in Singapore in June 2023, Austin and Li exchanged pleasantries when they were seated at the same table at a dinner....
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