Lloyd’s of London strikes deal with Ping An to stay at iconic City HQ until 2035 December 18, 2023 Lloyd’s of London has struck a new deal with Chinese insurer Ping An to remain at its One Lime Street headquarters until 2035, four years longer than its original lease agreement.
Insurance chiefs on way out after Lloyd’s investigation of ‘non-financial misconduct’ December 4, 2023 The CEO of CFC Group and the CEO of CFC Underwriting are leaving the company after an investigation by Lloyd’s into allegations of non-financial misconduct
Lloyd’s chair: This Bazball fan thinks the City needs to play with more risk November 23, 2023 Charlie Conchie interviews the biggest names in the City. This week it's MCC and Lloyd's of London Chair, Bruce Carnegie-Brown.
Lloyd’s of London on edge of ‘long-term’ deal to stay in HQ until 2041 November 15, 2023 Lloyd's of London is edging on a deal to remain in its One Lime Street headquarters for 10 years longer than its original lease agreement.
Lloyd’s of London SPAC venture scrapped due to volatile markets November 13, 2023 Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing "insufficient" cash commitments due to volatile capital markets.
Insurance SPAC boss: London loves a bad headline – but we’re the best in the world November 2, 2023 London loves a “bad headline” and should instead embrace its role as the “global centre” of insurance expertise, the boss of a listed acquisition vehicle has claimed, as he prepares to debut a new insurance firm on the public markets this month.
Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Howden seals £500m support to turn tech start-ups into underwriters October 16, 2023 Howden has secured £500m of delegated underwriting capacity backed by a group of Lloyd's of London firms for a newly launched division that aims to turn tech start ups into underwriters.
Lloyd’s of London estimates global economy could lose £4 trillion to extreme weather October 11, 2023 Lloyd’s of London has estimated that global economic losses could reach £4 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages. The research, conducted in collaboration with the Cambridge Centre for Risk Studies, said social and economic changes are affecting the impact [...]
The City sees the Tories as a ‘bigger risk to business’, says Reynolds October 8, 2023 The Conservative Party is seen by many people in the City “as the bigger risk to the business community”, Labour’s Jonathan Reynolds told City A.M.