Lloyd's of London News – Page 21
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News AnalysisBriefing: Lloyd’s results revealed a big Covid-19 hit, but under the surface things may be looking healthier for the market
The Covid-19 pandemic forced Lloyd’s half-year COR up to a highly unprofitable 110.4%, but underneath, a disciplined approach to underwriting could be setting them up for a return to profit in 2021 By insight editor Matt Scott
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NewsLloyd’s of London backs FCA BI test case ruling
Following the ruling from the High Court on the FCA business interruption test case, Lloyd’s and LIIBA explain their stances
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FeaturesDelegated authority agreements: What are the red flags and long-term fixes?
Delegated authority agreements have become a staple for many insurers. Insurance Times takes a look at the pitfalls to be wary of, the questions insurers should be asking and how to ensure these arrangements are successful
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NewsLloyd’s of London expecting to pay out £5bn in claims, despite reporting stronger solvency position
Lloyd’s of London announces its half year results for 2020, but says its in a ’strong solvency position’ despite Covid-19 claims and ongoing pandemic
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NewsBrit’s digital syndicate Ki names chief executive
The syndicate aims to launch next year, and is backed by Brit and Google Cloud
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News Analysis‘Keen to make acquisitions’ – Gallagher chiefs discuss M&A strategy
Gallagher has a strong balance sheet and a track record of buying UK brokers. Gallagher UK underwriting and broking boss, and M&A head Olly Homer, discuss acquisitions. The duo insist a strong cultural fit is paramount in making a deal.
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AnalysisThe Rooney Rule: Could it improve the recruitment and retention of ethnic minorities in insurance?
After one Lloyd’s syndicate might be adopting such a strategy, Insurance Times examines whether the Rooney Rule might solve the ongoing recruitment and retention issues of black, Asian and minority ethnics in the insurance industry
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NewsLloyd’s of London becomes target for climate campaigners as underwriting room reopens
Lloyd’s of London workers were met with some climate protesters raising their concerns as they returned to work after its underwriting room has remained shut since March due to the coronavirus pandemic
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NewsERS appoints new chairman to succeed Amanda Blanc
As Amanda Blanc was appointed as chief executive of Aviva, ERS has now appointed a new chairman to succeed her
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IT InterviewLondon Market ‘will never go back to how it was’ following Covid-19 pandemic
DAC Beachcroft partner says the key for future success will lie in marrying the market’s personal relationships with the use of technology
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FeaturesLondon Market sectors swerve direct Covid claims due to lack of non-damage BI extensions
For niche industry sectors such as energy and marine, the Covid-19 pandemic has exacerbated existing claims and informed future market fluctuations rather than had a direct impact on claim notifications. Insurance Times takes a closer look
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NewsGresham Underwriting and Covéa enter new capacity partnership
The MGA is also seeking long-term partnerships with insurers in a bid to grow
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IT InterviewInsurance market has been the ‘fall guy’ of the Covid-19 pandemic
Lawyer says that the ‘insurance industry is fundamental’ and that it ‘needs to be supported rather than just attacked’
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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NewsAston Lark aims to expand London Market reach with new acquisition
The Goldman Sachs-owned broker has landed its second deal of the week
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NewsAviation, tourism, oil and energy sectors face the biggest Covid-19 risks say insurers
A survey conducted by Gallagher highlighted the insurance portfolios that underwriters are most concerned about
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Online onlyHiscox hints at appeal should FCA test case go against it
The company is one of many inurers battling policyholders who want a pandemic-related business interruption payout
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NewsBrit bottom line hurt by Covid-19 claims payouts
The insurer’s combined ratio went into negative territory in the first half of the year
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NewsBeazley set to shrink Lloyd’s presence post-Covid-19
Although the insurer’s chief executive thinks brokers benefit from communications on the trading floor, Beazley plans to deal with simpler risks virtually and reduce its physical presence at Lloyd’s
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NewsLloyd’s delays Part VII Transfer
All European policies must be transferred out of London before the end of the Brexit transition period on 31 December 2020
