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Silent escalators at 1 Lime Street, the soft hum of a barman chatting quietly to a lone suited customer at the Grapes, tumbleweed whirling through the windy lanes linking Fenchurch Street to Eastcheap.
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Our smart friends at Litmus Analysis recently wrote a blog that got us thinking.
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The London Market Group (LMG) has used a tried-and-tested tool to expose syndicates dragging their feet on electronic placing: the dreaded league table.
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This ain’t nothing like a hard market, but that is very much a good thing for everyone.
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Syndicates were given a hard ride in the planning process, but innovative ones are being allowed to grow.
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No-one will miss London's huge process expense, but traditional placing has always had a romantic attraction for brokers and underwriters.
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In London last week, I heard Lloyd’s chairman Bruce Carnegie-Brown give a talk detailing some of the challenges facing the Lime Street market – a particularly pertinent topic given the trials and tribulations experienced by some syndicates in recent months in getting their 2019 business plans signed off.
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The devastating impact of the California wildfires this autumn has made for some horrific reading.
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Reasonable people can disagree about analytical issues. But my personal view is that AM Best’s trigger-shy approach is starting to look dangerously like a habit.
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Just a few months ago, senior Lloyd’s executives including chief commercial officer Vincent Vandendael and general counsel Peter Spires were racing round Brussels in a van scouting out locations for their Brexit hub. There was no radio blaring nor snacking on junk food behind the wheel.
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The broker will try to win hearts and minds at JLT, rather than simply swallowing it whole.
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The market is also suffering from a concentration in some lines that are severely under-priced.