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In discussing the results, the tone coming from the 11th floor of 1 Lime Street was noticeably more confident and self-assured. -
The CFO said that if the bottom 15% were brought back to profitability, this would bring a 30% boost to the market aggregate underwriting profit.
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The return to profitability follows a challenging 2020, when Covid claims drove Lloyd’s to a major loss.
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A ballot will be held in late October to find a replacement Council member for a term beginning in February 2022.
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The Lloyd’s CEO told Insurance Insider’s (Re)Connect conference that carriers will need to measure progress and disclose activities at a customer level during the transition to net zero.
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Speaking at this morning’s opening session for Insurance Insider’s (Re)Connect conference, Patrick Tiernan, chief of markets at Lloyd’s, reiterated the Corporation’s expectations over business plans.
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The initiative aims to improve transparency in the delegated authority claims process.
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Lloyd’s said the new agreement will provide its market with access to multi-source intelligence through the Global Events Observer platform.
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The carrier named Mark de Saram as chairman of Ariel Re Managing Agency.
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Edwards will begin his new role in October and comes as TigerRisk looks to expand its P&C team.
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While some Lloyd’s stakeholders are frustrated by the lack of visibility on Blueprint Two reforms, the Corporation is poised to up the ante on engagement on timeframes.
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With execution risk higher than ever on delivering the NextGen platform, PPL now finds itself at a crucial fork in the road.
