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The new SPA will write cyber reinsurance initially and could progress to writing insurance.
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The broker, led by Ed Gaze, who previously ran the Lloyd's Lab, helps develop and launch InsurTechs based in the UK and globally.
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The initiative aims to fast-track (re)insurance capacity to Ukraine to support reconstruction.
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Financials Acquisitions Corp is looking to extend its merger deadline and raise “substantial” extra funds.
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Lloyd's said early adopters could be operating in a fully digital framework by September 2024, with market testing set to accelerate this year with a vanguard group.
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The company will write excess, architects and engineers and small insurance brokers professional liability.
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Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.
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Syndicates which began investing early in digital benefit by a 6-point combined ratio outperformance.
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The partnership will give Lloyd’s Lab members access to expand operations in Dubai.
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The collapse of the Net-Zero Insurance Alliance means insurers must find new neutral ground to continue ESG engagement, CEOs at the Geneva Association's General Assembly said.
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Chief of markets Patrick Tiernan said there has been "minimal improvement" in rate adequacy across political violence, terrorism and strikes, riots and civil commotion business.
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Plus the latest executive moves and all the top news of the week.