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Lloyd’s to pay an extra £2,500 to some staff cover their rising living costs in UK

by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

A consequent rise in interest rates to combat inflation contributed to a loss of £1.8 billion in the first six months of the year at Lloyd’s, Neal said. The decline in profit was attributed to a net investment loss of £3.1 billion from unrealized mark-to-market...
Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman

Bruce Carnegie-Brown re-appointed as Lloyd’s Chairman

by AIP Online Bureau | Jun 17, 2022 | International News, Non-Life, Reinsurance

Bruce Carnegie-Brown, chairman, Lloyd’s “It has been a privilege to serve as Lloyd’s Chairman over the last five years, and I am honoured to be re-appointed. There remains a great deal that we still need to do across the market and Corporation to build on...

Lloyd’s creates ‘Product Launchpad’ to replace the ‘Product Innovation Facility’

by AIP Online Bureau | Jan 6, 2022 | International News, Non-Life, Reinsurance, Risk Management

The rebrand has been supported by the twenty-five members of the initiative from the Lloyd’s market. With a capacity of £150m, several success stories have emerged, for example: a parametric business interruption product for cloud outages, launched by Parametrix in...
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