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Brokers must begin producing MRC v3 compliant contracts by 30 September.
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Four of 13 companies selected for the 10th cohort of the Lloyd’s Lab incubator programme will focus on European digital and climate solutions.
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Last week’s headline results were in line with preliminary figures, but here are three Lloyd’s stories you may have missed.
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CEO John Neal and CFO Burkhard Keese retained their salary levels from 2021 during 2022, though their performance bonuses increased significantly, as Lloyd’s made one-off payments to staff to reflect cost-of-living pressures.
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The executive said that the current banking situation affirmed the need for robust D&O pricing.
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Syndicate 1225 has reported a sub-100% combined ratio for 12 consecutive years.
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The CFO also re-iterated his target of a 31.5% expense ratio by 2025.
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Lloyd’s also clarified that its overall exposure to US regional banks is around £630mn, spread across more than 50 syndicates.
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Specialty reinsurance profits dropped amid Ukraine war claims.
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Lloyd’s has confirmed a combined ratio of 91.9% in its full-year results for 2022, following preliminary numbers that also showed an improvement in the attritional loss ratio to 48.4%.
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Ground floor boxes are set to be reallocated based on recent footfall.
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The Corporation’s sustainability director Rebekah Clements will sit on the scheme’s steering committee.