Lloyd's of London News – Page 11
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Lloyd’s Insurance Company appoints new UK branch leadership
The appointment replaces current UK head Keith Stern
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MGA platform gains approval for new Asta-managed syndicate
The approved MGA platform will be ‘beneficial’ to the market, capital providers and distribution partners, says chief executive
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Lloyd’s sets target for a third of the market’s new hires to come from ethnic minority backgrounds
The market plans to mandate the collection of ethnicity data and promises to publish its ethnicity pay gap annually
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Dale Partners receives Lloyd’s in-principle approval for MGA creation
The move will fulfil the company’s desire to be ‘independent and fully accountable’ for its business
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Lloyd’s of London ‘won’t tolerate loss-making syndicates’
‘There is not much time left over’ for the market’s MGAs to ’remediate unprofitable syndicates’, says chief financial officer
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Lloyd’s bounces back from 2020 loss with £1.4bn profit before tax for H1 2021
Chief executive Neal notes that the market has produced a ‘strong set of financial results’ despite paying out nearly £10bn in claims – including for Covid-hit customers
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Battleface launches insurance for space tourists
While space tourism is ‘still in its infancy’, the demand is indeed ‘growing’, explains chief executive
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Jackson Lee Underwriting appoints non-executive director
The new hire’s knowledge is ‘essential’ for the underwriter’s business development strategy
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Lloyd’s of London teams up with geospatial insurtech
The partnership aims to build the world’s most advanced digital and technology-led insurance marketplace
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Lloyd’s syndicate Ki hires new chief technology officer
Ki’s chief executive says the syndicate is adopting a ‘technology-first’ approach to underwriting
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Covid-19 drives underwriting losses of £2bn for Lloyd’s market – Insurance DataLab
’Financial pressures will continue to affect businesses’ as the world’s economies emerge from the pandemic, according to Insurance DataLab’s Matt Scott
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Aegis London hires first chief technology officer
Aegis London, which operates Aegis Syndicate 1225 at Lloyd’s, has appointed Mark Degenaar as its first chief technology officer with immediate effect. Read more…
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Blenheim Underwriting receives managing agency approval
The strategic move is a ‘significant milestone’ for the group
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Lloyd’s Lab reveals seventh cohort with cryptocurrency focus
Lloyd’s Lab also accepted wildcard entries that presented solutions outside the core themes, claims and cryptocurrency
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Insurance industry backs government’s live event reinsurance scheme in partnership with Lloyd’s
Several syndicates in the Lloyd’s market, including Arch, Beazley, Dale Underwriting, Hiscox and Munich Re, are supporting the initiative
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Lloyd’s launches plan to accelerate UK’s transition to net zero
There is a ‘pressing need for a coordinated global effort to effect monumental transformation’, says insurance taskforce chair
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Protestor throws green paint at Lloyd’s building to ‘highlight shameless greenwashing’
Insurance Rebellion members also have insurer Tokio Marine HCC within their crosshairs
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Lloyd’s of London hires ex-cabinet secretary Sedwill in council role
He succeeds Andy Haste, who will shortly have completed nine years as Lloyd’s deputy chair
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Lloyd’s of London names first female deputy chair
She has worked in the Lloyd’s market for 40 years
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Lloyd’s Europe set to complete leadership team with new appointments
Lloyd’s of London boss John Neal says that with these appointments in place at Lloyd’s Europe, the market has the leadership it needs ’to oversee and deliver the right solutions’