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Direct claims settlement could become a reality within five years, according to the report.
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Management outlines the new code in a note to the market.
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The syndicate’s combined ratio improved by 13.3 percentage points but remained well above the Lloyd’s average.
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It’s not a stretch to say the Lloyd’s performance drive was one of the major catalysts driving market dynamics over the past 12 months.
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The MAP active underwriter also takes aim at the market’s “delusional adherence” to off-the-shelf risk models in Syndicate 2791’s annual report.
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Brokers will lose Lloyd’s accreditation if they fail to adopt a platform by 1 June.
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Jefferies analysts name Beazley as the second-highest Lloyd’s earner after Hiscox.
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Last week, amid the flurry of statements about the future of Lloyd’s and where the market needs to go from here, I came across some interesting footage of the Corporation from all the way back in 1961.
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Lloyd’s CEO steps into a position left empty with the departure of Shirine Khoury-Haq last month.
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A slew of reports in the national press that Lloyd’s is suffering from a sexual harassment crisis have carved the notion in stone and now threaten long-term damage to the market.
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Yesterday, Lloyd’s published its aggregate results.
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Neal reiterated his promise to combat sexual harassment during a Bloomberg TV interview Wednesday.