Lloyd’s

Due to major refit costs at One Lime Street, the Corporation must take a call on extending the lease, buying the building or leaving.

The Corporation said it will consider using digital platforms as it evolves its thinking on the future of the Lloyd’s underwriting room.

Lloyd’s broker Parker Norfolk, launched with backing from Maven Capital Partners in 2018, is to sell off its remaining business portfolios and close its doors, this publication can reveal.

The company’s new UK specialty team will be led by Grahame Lamb, Richard Daws and Jonathan Britton.

The cross-industry Insurance Task Force (ITF) working with Lloyd’s has launched a Disaster Resilience Framework for Climate-Vulnerable Countries, as part of its activities for the Prince of Wales’ Sustainable Markets Initiative (SMI).

Julia Tyson, chief human resources officer (CHRO) at Lloyd’s, is to depart at the end of the year.

The body’s remit will include governance of the core data record – a crucial element of the Blueprint Two reforms at Lloyd’s.

The new London Bridge framework is less useful to the bulk of specialist ILS asset managers than it is end investors.

Plus the latest impact of cat activity on reinsurer results and all the top news from the week.

The CEO is signalling to the market, investors and the rating agencies that Lloyd’s has turned a corner.

The Corporation said it planned to transition its £3bn ($4.1bn) Central Fund to net zero by 2050 by redirecting capital flows to green investments.

The significant pre-emption is predominantly driven by the transfer of a reinsurance book from the carrier’s UK platform to Lloyd’s.