Lloyd's of London News – Page 13
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News
Underwriting room could remain Lloyd’s focal point, but its role needs redefining – LIIBA
The trade body emphasises that the underwriting room must ’not become the museum of modern insurance’ and that it is essential ’that London remains a critical hub for global insurance business’, despite increased flexible working models
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News
Climate change is the ‘biggest single investment opportunity’ for sector – Lloyd’s John Neal
The Lloyd’s of London chief executive also listed four key attributes driving the modern way to run a business in a briefing call with journalists last week
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News
Lloyd’s accentuates the positives despite cloud of Covid-19
Lloyd’s urges analysts and the wider industry to look beneath its headline full-year figures to see progress - it pledged there is more to come
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News
Lloyd’s reports £3.4bn in Covid-19 losses for 2020
The market believes its pandemic payouts will reach £6.2bn on a gross basis, which contributed to an aggregated loss of £0.9bn for 2020
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News
Apollo Syndicate Management appoints new chief underwriting officer
The new hire has more than 23 years’ experience in the insurance industry
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News
Industry must show solidarity to drive positive cultural change – Aspen Insurance
Following Lloyd’s of London’s most recent culture survey, Aspen Insurance’s director of corporate development and communications tells Insurance Times why the industry must work together to achieve diversity
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News
Inigo buys StarStone Managing Agency and Syndicate 1301
The startup was launched by three ex-Hiscox bosses and it has capital of $800m thanks to a consortium of global investors
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News
Lloyd’s of London to consult on Blueprint Two’s core data record
The new iteration is a major “milestone” for Lloyd’s, but it will continue to explore opportunities to improve placement, claims and settlement journeys
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News
Lloyd’s plans underwriting room reopening
The market further plans to ‘fully adopt’ flexible working from 21 June
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News
Lloyd’s syndicate Brit confirms it ‘has never’ underwritten Adani coal project policies
Campaigners are now calling on other Lloyd’s syndicates, such as Arch, Ark, Hamilton, Hiscox, Lancashire and MS Amlin, to do the same
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News
Lloyd’s looks to research the history of its art collection to ascertain slavery links
The market believes it is ‘right and proper’ to re-evaluate the symbols and artefacts within its archives to see ‘whether or not what they stand for reflects where we are’ today
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News
Control systems are in cyber criminals’ crosshairs, warns report
The London market has been warned it needs to better understand the rising threat of cyber attacks to industrial and manufacturing facilities, as criminals switch their focus to find new ways to extort and disrupt businesses
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Syndicate launch targets Lloyd’s legacies
(Re)insurance business Apollo Syndicate Management partners with Compre for new deal
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2021 set to be ‘less profitable’ year for insurers – Fitch Ratings
Credit ratings agency identifies the key factors that are contributing to market outlooks in the UK
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Features
London Market is ‘less competitive than it should be’ – Founder Shield
New York-based broker says the London Market ‘is showing a lack of agility’ and that ‘fewer opportunities will come’ to the capital unless it starts ‘taking more bets with slightly longer odds’
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IT Interview
In Focus: Commercial brokers have ‘felt the pain’ for Covid-affected clients – McCarron Coates
Insurance Times sits down with commercial wheels broker McCarron Coates to explore how the Covid-19 pandemic has impacted its clients and what the sector can expect moving forward
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News
Aviva commercial lines MD to join Lloyd’s in newly created role
The new hire will oversee market performance and distribution
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News
Climate change to transform renewable risk landscape
Overcoming barriers to scale, regulatory scrutiny and potential future litigation are key challenges for risk managers in the sector
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News
UK insurance market shows ‘divergence’ with London Market prospering while regions suffer
Business interruption will also remain a key risk for 2021, especially for insurers that have non-standard policy wordings, advises ratings agency