Lloyd's of London News – Page 21
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News
Real-time data and technology is key for staying on top of climate change risks
Declining postcodes is too generic when insuring flood risks says LexisNexis Risk Solutions
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Credit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
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Insurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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Covid-19 is ‘kick ass call to action’ for insurers to move away from traditional working patterns
The Covid-19 pandemic and associated lockdown regime is a “kick ass call to action” for insurance companies to reinvigorate working patterns to adapt to “new social norms” once offices re-open.
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Aviva and Zurich UK among insurers contributing to new industry-wide coronavirus support fund
The fund is supported by members from the ABI, Biba, Lloyd’s and the London Market Group
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Webinar Special: Matt Pini on how Covid19 impacts on Lloyd’s, London market and rates
Mat Pini says Lloyd’s and London market is coping ‘admirably’ with the impact of Covid19, he also gives view on rates
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AIG reveals new ‘largest ever’ Lloyd’s Syndicate 2019
It will allow AIG to continue its strategy for optimising its general insurance portfolio
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Willis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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Hiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
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Pioneer and K2 agree terms for underwriting portfolio transfer
The deal is expected to close by the end of Q2
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Covid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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Aviva chairman Adrian Montague to lead City coronavirus task force
More than 40 City leaders have been contacted for pro-bono assistance
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Features
US businesses seek to use damage trigger for business interruption claim pay outs
With Lloyd’s underwriters heavily invested in the US domestic property market, could upcoming lawsuits impact the UK business interruption sector?
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Broker rolls out coronavirus-adapted employee benefits package for staff
The new package has been adapted to the Covid-19 pandemic with video sessions and webinars on offer
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Lloyd’s Lab reveals fourth cohort of insurtechs
The global (re)insurance market accelerator has unveiled twelve new insurtech disruptors to join its programme
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UK insurers brace as bosses could face coronavirus-related D&O claims and legal action
An uptick in litigation targeting directors and officers is a likely consequence of the Covid-19 pandemic
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ReSolution Underwriting Holdings buys technical underwriting MGA
The purchase has been designed to expand the firm’s breadth of business
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Lloyd’s board grants Blenheim Underwriting approval to establish new MGA
The company now plans to apply for regulatory approvals
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Inside the cyber market with Sayata Labs’s Kingsley Flynn
Flynn says the market is still dogged by past perceptions of how restrictive and confusing cyber policies were in the early days of the product coming to market