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Malicious and/or non-malicious cyber incidents are excluded in most classes of business covering physical damage losses, according to a report by the Lloyd’s Market Association (LMA) called ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’, which reviews by class non-affirmative and affirmative coverage and commonly used exclusions. 23 April 2018
Insurance
Solvency II, the much-delayed new compliance regime in Europe, could provide insurers with some interesting times, according to Tom Bolt, director of performance management at Lloyd’s. 21 October 2015
Insurance
Probitas 1492, an insurance and reinsurance syndicate at Lloyd's specialising in property, construction and casualty, appears to have found a new backer to replace the capacity provided by the troubled Istmo Re. 14 July 2017
Insurance
Cobalt Insurance Holdings and Capita Managing Agency (CMA) have received ‘in principle’ approval for the launch of their shariah-compliant syndicate, Cobalt Syndicate 1438, from the Lloyd’s Franchise Board. 19 October 2016
Insurance
Lloyd’s broker Endeavour Insurance Services entered a partnership arrangement with claims consultancy firm Advent Claims to support London Market coverholders operating in Canada. 7 September 2017
Insurance
Property segment gains at 1.1 open a virtuous circle of growth, cyber catch-up lined up. 6 March 2023
Insurance
The London and International Insurance Brokers’ Association (LIIBA) has appointed James Masterton, chief executive officer of Price Forbes, and David Pexton, chief executive officer of Lonmar Global Risks, to its board. 17 June 2019
Insurance
‘2022 marks a new era for the contingency market’ after huge losses during Covid. 3 May 2022
Insurance
Bermuda-based Fidelis Insurance has acquired an equity stake in a new managing general agent (MGA) Kersey Specialty that will focus on upstream energy subscription market insurance. 21 September 2018
Insurance
Lloyd's of London specialist insurer Beazley has received authorisation from the Central Bank of Ireland to convert its Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. 13 July 2017
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