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The Corporation sets its overall expectation of pandemic claims at £3bn net of reinsurance. -
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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The underwriting room is operating at 45% capacity, with the working week split by line of business.
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The Corporation has hired Carey Bond to the newly created role as part of its Future at Lloyd’s focus on claims.
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London is yet to test the value of that intangible social capital which makes the market tick.
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The goal rises to 30% of in-scope risks by Q4, with e-responses from syndicates now counting towards the figure.
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Intangible assets can make up to 85% of total business value and that is only set to grow, the Corporation said.
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Pavlos Spyropoulos takes over from Angela Kelly, who had been in the role since 2016.
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Poland softens its stance, while German transactions into London will end unless the UK is deemed equivalent, the Corporation warns.
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Women now hold 29% of leadership roles, while seven firms in the market have all-male board and executive committee teams.
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The delay will give the “maximum amount of time available” and will not affect the ability to write new EEA business.
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There is only ‘limited validity’ in comparing the Covid-19 losses to those experienced in 2001, the report said.
