Lloyd's
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A total of 33 managing agencies have entered into agreements directly on the Tremor market.
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The executive said he was “genuinely worried” about the impact of lockdowns on the workforce.
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Plus the details on CFC’s sale process, the latest on Ida and all the top news of the week.
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The Corporation has also said that one-third of all new hires across the market should come from an ethnic minority background.
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In her new role, she will be responsible for leading and executing the Corporation’s sustainability strategy.
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Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.
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The planned disposal of the syndicate underlines the challenges the cohort of Bermudian entries has faced.
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Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.
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In discussing the results, the tone coming from the 11th floor of 1 Lime Street was noticeably more confident and self-assured.
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The CFO said that if the bottom 15% were brought back to profitability, this would bring a 30% boost to the market aggregate underwriting profit.
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The return to profitability follows a challenging 2020, when Covid claims drove Lloyd’s to a major loss.
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A ballot will be held in late October to find a replacement Council member for a term beginning in February 2022.
