Lloyd's of London News – Page 70
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Online onlyDownward pressure on reinsurance rates continues – Willis Re
Alternative capital and low levels of losses to blame
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NewsCatlin sells £85m stake in Insurethebox to Japanese insurer
Japanese insurer MS&AD has bought a 75.01% stake in Insurethebox for £105m
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AgendaXL in £2.5bn talks to buy Catlin
XL Group boss says combined firms will be “better positioned and stronger”
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NewsPeter Cullum-backed consolidator funds Plum Underwriting MBO
Specialist household MGA will use investment to fund expansion
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Online onlySpike in motor rates boosts Fitch outlook for UK insurers
Company market outlook improves but London market remains gloomy
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NewsJLT hired as broker for £1bn tidal lagoon
Tidal Lagoon Swansea Bay to generate renewable electricity for 155,000 homes
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NewsBarbican grows cyber underwriting team
Matthew Waller joins as cyber, technology and media underwriter
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AgendaFlood Re managing agent and broker contract awards delayed
Industry and government wrangling over secondary legislation for flood insurance scheme
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NewsAirmic calls for policies to be issued one day after coverage starts
Current recommendations allow for 30 days between coverage inception and contract issuance
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NewsInga Beale: Insurers offering too little cover for clients’ non-physical risks
Lloyd’s chief says industry’s 10% share of corporate risks ‘is not good enough’
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China Re launches standalone Lloyd's syndicate
First time that a Chinese-owned company has established a Lloyd’s syndicate
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Online onlyCooper Gay rebrands London market brokers
CGNMB will be the single brand for Lloyd’s brokers Cooper Gay & Company and Newman Martin and Buchan
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NewsMarkel launches first solo cyber product and new technology liability cover
Insurer targeting emerging market risks
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NewsLloyd's broker EPG expands and rebrands to Shepherd Compello
Shepherd Compello wants to expand into marine cargo, high net-worth and commercial property
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NewsR&Q issues 2014 profit warning over asbestos reserve strengthening
Run-off buyer’s full-year result to be ‘materially’ below expectations
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NewsDiversification boosts Catlin GWP by 11% despite rates decrease
The rates across Catlin’s entire portfolio decreased by 2.9% during the nine-month period
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NewsBrit draws line under old liabilities by exiting reinsurance deal
Lloyd’s insurer’s GWP grows 4.9% despite tough market conditions
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Novae in ‘strong position’ after 6.3% GWP growth in year to date
Surge in marine, aviation and political risk GWP offsets declines in property and casualty
