Lloyd's of London News – Page 12
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NewsLloyd’s Lab names insurtechs in ninth cohort
Lloyd’s Lab has revealed the nine insurtechs in its ninth cohort, eight of which are UK based
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NewsDale Partners receives approval to launch new managing agency in Lloyd’s
The business has hired four independent non-executive directors to play an ‘invaluable’ role in the launch as part of the agency’s board
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NewsLloyd’s syndicates returned to profit in 2021 – Insurance DataLab
Controlling claims costs and operating expenses will soon become a “key battleground” for the market, says co-founder
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NewsLloyd’s commercial lines customer experience is like a ‘pig going through a python’
Speaking at CFC’s UK Summit last week, Lloyd’s chairman explains the importance of meeting customer needs digitally
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NewsLondon market still catching up on admin backlog caused by pre-pandemic ‘creaking systems’
London market firms are ‘leaning into the need to move to a digital marketplace’, causing a technology ‘revolution’
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NewsLloyd’s hosts ceremony to mark the death of HM Queen Elizabeth II
The Lutine Bell was rung a total of three times to mark the royal household’s change
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NewsGlobal insurance broker secures approval for Asta-managed Flux syndicate 1985
The launch aims to increase the $32bn of premium already flowing into Lloyd’s from the broker
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NewsLondon market has ‘real opportunity’ to be ‘an innovator’ for climate change transition risks
Brokers, insurers, regulators and markets all have a role to play in supporting the transition to net zero carbon emissions
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NewsAsta and Bermuda-based holding company win ‘in principle’ approval for new Lloyd’s syndicate
The new syndicate will underwrite run-off transactions within the market
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NewsLloyd’s improves ‘underlying performance’ – AM Best
Lloyd’s turned a corner in 2021, according to senior director.
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NewsLloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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NewsLloyd’s of London reports COR of 91.4% for H1 2022
The market also achieved an underwriting profit of £1.2bn for the period
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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NewsEx-Lloyd’s Lab head Ed Gaze scoops new role at alumnus insurtech
The insurtech was part of Lloyd’s Lab’s cohort four, during Gaze’s tenure at the accelerator programme
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NewsLloyd’s of London sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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NewsBeazley receives ‘in principle’ approval to establish Lloyd’s Syndicate 5623
The insurer’s Smart Tracker will transition into a ‘full market-facing syndicate’ at the beginning of next year
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NewsProbitas’ Syndicate 1492 achieves COR of 78.5% in H1 2022
The Lloyds syndicate also grew its underwriting profit by 86% from the equivalent period last year
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NewsJohnson and Johnson to end all UK Baby Powder sales as ovarian cancer claims escalate
Despite this, the pharmaceutical firm says its talcum Baby Powder ’does not contain asbestos and does not cause cancer’
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NewsLloyd’s receives regulatory approval to establish second PCC
London Bridge PCC will expand the marketplace’s capabilities in line with its strategy
