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Mini-MDLs will be established for some lawsuits brought against Arch, United Specialty and Society Insurance. -
Members’ subscriptions, Central Fund contributions and all other charges stay at this year’s levels.
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The majority of inbound enquiries to become a Name have had no previous involvement in the Lloyd’s market, the Hampden Agencies CEO said.
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Lloyd’s CEO points to the likelihood of a drawn-out dispute in comments on an Airmic panel.
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Corporation employees will be urged to work from home unless they can’t, or it is affecting their wellbeing.
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Speaking on Tuesday, John Neal reiterated the market’s commitment to customers in the Americas.
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The broking chairman says the modernisation programme will not disintermediate brokers providing true value.
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But the market still has to finish remediation work to achieve long-term sustainable earnings, the Lloyd’s CEO said.
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CEO John Neal gave the estimate ahead of the FCA test case judgment next week.
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The CEO says £12bn-£13bn of new business is set to be approved for 2021.
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The Corporation sets its overall expectation of pandemic claims at £3bn net of reinsurance.
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Amid the noise, the market will be keenly watching Lloyd’s first-half results for small positive signs on growth and performance.
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