Lloyd's of London News – Page 14
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News
Building back better with simpler insurance products
The Covid-19 pandemic has created the need for an overhaul of insurance, but the industry must make sure that the products it creates in response are fit for purpose
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News
Lloyd’s underwriting room to open on Wednesdays only amid Tier 4 lockdown
The London market took the same measure during the national lockdown earlier in the autumn
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IT Interview
The ‘single biggest challenge’ for brokers is capacity says Miller boss
Broker chief executive explains that ‘we’re having to work much harder for our clients to make sure we get them the deals done that they need’
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News
Lloyd’s to stop insuring fossil fuel projects by 2030
The London market will aim to reduce premium income from fossil fuel to just 2% of premium income by 2022
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News
Catastrophe losses cost insurers $83 billion in 2020
Losses from secondary peril events are forecast to increase, driven by climate change - Swiss Re sigma
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IT Interview
Covid-19 pandemic exacerbates opioid crisis as claims surge again
With the Covid-19 pandemic still ongoing, there has been a surge in claims for opioids. Sedgwick’s senior medical officer tells Insurance Times why the situation has worsened and what the loss adjustor has been doing to tackle it
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News
RSA confirms managing director for London Market business
The interim posting has been made permanent
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Novidea looking to grow internationally following specialist broker on-boarding
Novidea is targeting commercial non-commoditised business
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Data sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
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News
Brit appoints new group chief financial officer from RSA Scandinavia
The new hire will start in May 2021
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News Analysis
Blueprint Two is Lloyd’s ‘rubber hits the road moment’ – John Neal
With the onset of the Covid-19 pandemic sharpening Lloyd’s of London’s focus on its Blueprints, Insurance Times takes a deeper dive into what’s behind Blueprint Two
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News
Specialist motor insurer boosts expansion plans by backing Lloyd’s syndicate
The insurer will work with Arch Managing Agency Limited to transfer managing agency responsibilities in the next few months, but this is subject to Lloyd’s approval
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News
Insurance Times Awards finalist 2020 Q&A: CDL’s Hummingbird syndicate puts insurance providers in the cloud
This month the winners for Insurance Times Awards 2020 will be revealed at a virtual ceremony on 9 December
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News
London market startup received launch go-ahead
The London market startup has also appointed the former president and chief executive of AIG’s Lexington Insurance
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IT Interview
Private equity investment set to bring ‘significant firepower’ to Miller
The firm was ‘not going to be able to blossom in the Willis Towers Watson family’ says broker chief executive
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News
Newly launched London market broker begins trading
A new independent intermediary has been founded by two London market brokers
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News
The Big Question December 2020: What challenges and opportunities do you expect for 2021?
At the end of a challenging year that included the FCA test case, the switch to remote working and ongoing problems in classes such as professional indemnity, all against the backdrop of the Covid-19 pandemic, Insurance Times asks the industry what obstacles and opportunities they foresee for the year ahead
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News
Blueprint opens door to Lloyd’s for greater broker access
Lloyd’s latest blueprint will set out how the market will deliver on its core aims
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News
Fourth consecutive year of rate rises gives Lloyd’s tail wind to deliver its plans
Lloyd’s of London anticipates it will pay £5bn in Covid-19 claims, but John Neal says this is good news