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CFO Burkhard Keese said Lloyd’s new investment platform would improve investment results for the market. -
The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.
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The market must raise its game quickly to deliver on the reboot of PPL 2.0 after it severed ties with tech provider CGI.
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Hampden said the syndicate’s track record of performance compared to peers does not justify the increase to 15%.
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Last week, a Royal visit to 1 Lime Street heralded a fresh commitment from the (re)insurance industry to building a more sustainable future.
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He said Lloyd’s was a “broad church” and the market would work together gradually to reduce fossil fuel exposure.
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Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.
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Howse most recently spent four years as an oversight manager at Lloyd’s.
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Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.
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Plus, a detailed look at the FCA’s BI claims data and all the most popular news from this week.
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The Corporation’s deal signals a moderate view on growth and a refined approach to solvency management.
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The Lloyd’s CFO said the deal will finance growth at a cost "three times cheaper" than charging members to support the central fund.
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