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Lloyd’s CEO reveals ‘light on the hill’ strategy at presentation to the market's great and good.
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Liiba warns that technological development should not undermine the role of the broker.
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The CEO said the market must embrace this one-time opportunity for change or face irrelevance.
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The former Lloyd’s CEO tells City AM that reform has to “be meant from the top”.
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E-placement, simplified delegated authority business and structured data capture will become part of Future at Lloyd’s.
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Writing about London market reform reminds me of the famous sketch in the Monty Python film The Life of Brian in which the revolutionaries of the Judean People’s Front (or was it the People’s Front of Judea?) plot the overthrow of the imperial Roman oppressor and the foundation of an independent Israeli state in a radical, subversive meeting.
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FCA CEO Bailey warns that conduct around D&I cannot be divorced from other business behaviour.
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The Lloyd’s financial results are always keenly anticipated and well scrutinised.
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The Corporation predicts £7bn in new business will be written this year.
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Property swings back into the black while the market overall moves to an underwriting loss.
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Investment returns swelled more than elevenfold in the first half.
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A lower underwriting result belies improving fundamentals after unprofitable lines fall away.