Lloyd's of London News – Page 16
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NewsControl 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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NewsSyndicate launch targets Lloyd’s legacies
(Re)insurance business Apollo Syndicate Management partners with Compre for new deal
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News2021 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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FeaturesLondon 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 InterviewIn 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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NewsAviva commercial lines MD to join Lloyd’s in newly created role
The new hire will oversee market performance and distribution
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NewsClimate 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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NewsUK 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
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NewsBuilding 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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NewsLloyd’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 InterviewThe ‘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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NewsLloyd’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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NewsCatastrophe 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 InterviewCovid-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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NewsRSA confirms managing director for London Market business
The interim posting has been made permanent
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NewsNovidea looking to grow internationally following specialist broker on-boarding
Novidea is targeting commercial non-commoditised business
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NewsData 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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NewsBrit appoints new group chief financial officer from RSA Scandinavia
The new hire will start in May 2021
