Lloyd's of London News – Page 15
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John Neal reveals Lloyd’s of London’s ultimate goal
In a Q3 trading update, the Lloyd’s boss revealed his ultimate goal for the marketplace and why it continues to focus on performance agenda
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Lloyd’s Brexit transfer gets final High Court approval
This transfer will be effective just after midnight on 30 December 2020
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Three ex-Hiscox bosses set up new Lloyd’s insurance group
NatWest Group’s Sir Howard Davies has been appointed as the group’s chairman
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Howden buys cyber and technology-focused broker
The company says the purchase ‘supercharges our growth in this important market’
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Take greater heed of climate risks, insurers warned
Law firm partner says insurers may need to take a leaf out of cyber insurance’s book with ‘explicit exclusions’
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Brit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
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Lloyd’s broker enters professional indemnity and public liability cover for esports
The esports industry is estimated to generate $1.6bn (£1.2bn) by 2023
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Lloyd’s pandemic losses worse than predicted, says chairman Carnegie-Brown
The insurance market previous estimated losses would be around the $107bn mark, but has revised that figure upwards
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Automated underwriting is a ‘huge opportunity’ for the insurance industry – Ki
Harnessing data could help brokers and insurers maintain a competitive edge
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Opinion: Could Covid be hastening the end of brokers going into Lloyd’s to place business?
Technology was always going to be part of Lloyd’s of London’s future, but the pandemic has accelerated its adoption. Will brokers going into Lloyd’s physically become a thing of the past and how will the ‘Future at Lloyd’s’ look post-Covid?
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Syndicate goes into run off as remediation efforts fail
Lloyd’s of London said it will continue to purge the market of business it believes is not delivering
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Private equity firm and Singapore wealth fund to buy WTW’s Miller
The deal marks the first step in Cinven’s new financial services-focused strategy
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Howden and Ki enter long-term partnership
Ki’s chief executive said that the partnership represents “another significant milestone”
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AXA XL makes senior underwriting hire
Internal promotion puts new hire in charge of marine, energy and aerospace, UK and Lloyd’s market
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Lloyd’s told new blueprint requires total London Market support
Lloyd’s reveals Blueprint Two priorities, including the use of AI to streamline costs
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FCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter
The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy
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London Market sees greater influx of US casualty and property premium
The tightening of US markets and hardening London rates are seen as pull factors attracting US business to London
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Rate rises fuel premium income growth for Hiscox
The insurer also saw no further rises in its Covid-19 claims estimate
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African-Caribbean Insurance Network partnership highlights role of insurance in black lives
Eleven stories demonstrating the role of insurance in black people’s lives will be published
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Lloyd’s to increase London Market BAME representation in long-term plan
A study from Lloyd’s found that 70% of black respondents saw their visual diversity as a barrier to promotion