London market
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The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.
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Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.
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Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.
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Growth slows from last year’s 20%, while QBE and TMK close the gap on Brit and Beazley.
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In addition to the need for new products when insuring the transition, panelists highlighted the need to innovate and adapt.
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London’s insurance market is booming in some ways yet still has multiple challenges to address.
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Lloyd’s has been trying to simplify its story for external investors, but it has more work to do judging by the outcome of the London SPAC vehicle which was planning a new syndicate investment launch.
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The number of female CEOs, CUOs, CFOs, MDs or board members has hardly changed in the past 12 months.
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Axa’s Sean McGovern was also elected as a corporate external member of the Council after running unopposed.
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The fine relates to a breach that took place in 2017, where hackers were able to access the data of 13.8 million UK consumers.
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The three new capital vehicles fundraising for a Lloyd’s play, coupled with some of the best underwriting conditions seen for years, have raised the prospect of a new age of investment in the market – but questions remain around execution.
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The appointment follows the recent hire of Pascal Carrer as head of casualty in Switzerland, and David Corrigan as head of property.
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