London Market – Page 8
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NewsCyber insurance provider Cowbell announces new manager as UK operations launch
The international firm’s new operations will be piloted by CFC’s former cyber team lead
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NewsLimited use of cyber insurance for public financial entities as new policy comes into force
’It’s quite costly for them,’ says associate
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NewsInsurers plan for significant growth in sustainable energy market
’Respondents displayed a bullish appetite for it,’ says statement
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NewsLloyd’s Lab names the 13 insurtechs to join cohort 10
’I’m excited to see the dynamism and output,’ says senior manager
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NewsWarning for London insurance market despite ‘stable’ rating issued
’Failure to prepare for risks could have capital implications,’ says rating agency
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NewsLloyd’s explains cautious 2023 COR projection despite strong performance
’I believe it’s better to give guidance that is really achievable,’ says chief financial officer
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NewsLloyd’s of London provides Blueprint II progress update after ‘great’ 2022
’2023 will be an important year for the delivery of Blueprint II,’ says chief executive
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NewsLloyd’s Lab reveals insurtechs in tenth cohort pitch day
’The insurance sector and innovation have to some moved at a slow pace – with the industry being conservative in nature and therefore slow to embrace change,’ says Altus non-executive director
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NewsLloyd’s of London reports strong COR despite headwinds causing ‘substantial claims’
’Looking to 2023, we expect strong premium growth,’ says Lloyd’s chief executive
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News AnalysisHardest reinsurance renewal market in years to create knock-on impacts
‘We expect underwriting to remain disciplined in light of strong Lloyd’s market oversight over market’s catastrophe exposure,’ says ratings director
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NewsNew marine casualty claims guidelines launched
New guidelines ‘will result in clearer lines of communication and will assist in the efficient management of claims’, says JMCC chair
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NewsActivists hold fossil fuel protest at Lloyd’s of London
’Underwriting dangerous fossil fuel projects puts children at risk’, according to a Mothers Rise Up activist
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News AnalysisBriefing: Lloyd’s breaks silence on Blueprint Two advancements - but is ‘steady progress’ enough?
Amid the market’s announcement about a new chief operating officer, some industry professionals are questioning the pace of digital transformation at Lloyd’s
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NewsMarine insurance sector’s role in Ukrainian grain shipments has ‘saved lives’
Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat
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NewsBriefing: Cyber clarity move may encourage underwriters to byte
Although the insurance industry may not have the ‘muscle memory’ to react to a major cyber event, Lloyd’s of London’s attempts to clarify cover around state-backed attacks could present opportunities for brokers
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NewsLloyd’s makes senior management changes to drive transformation progress
The changes will see Burkhard Keese revert to the position of chief financial officer
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NewsLloyd’s chief of markets adamant that ‘strong’ market conditions present ‘a lot of opportunities’
The marketplace says it expects current conditions to put ‘upward pressure on profitability, not GWP’
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NewsSlow claims payments on subscription-based business must be improved – Lloyd’s claims director
Collecting these payments can become ’convoluted for the broker’, she added
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NewsCredit and political risk insurance market sees rise in capacity – WTW
The increase indicates ‘confidence’ and ‘stability’ in a market that has experienced global economic uncertainty, says head of broking
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NewsLloyd’s set to improve COR despite expected investment loss in 2022
The marketplace’s underwriting performance from 2022 is ‘as good as Lloyd’s has reported in recent memory’, its chief executive said.
