Lloyd's
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The Corporation has given in-principle approval for the syndicate, which will have initial stamp capacity of £130mn.
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Technology-enabled platforms could create a cost-effective, dynamic following market, panellists said.
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Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.
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The Zurich-based ILS manager expects to be underwriting some specialty business from 2022.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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Natural catastrophe losses were up year-on-year, but without fresh Covid losses the London market returned to profit.
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Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.
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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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Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport.
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The Canadian pension fund and the ILS fund provide Funds at Lloyd’s capital alongside traditional reinsurers.
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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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Reinsurers from Bermuda, the Cayman Islands and Japan have also provided capital to the syndicate for its 1 July launch.