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The Latest Breaking News from Lloyd

It's looking like Trump's war created a private oil lane for China and other countries willing to play ball with Iran

President Donald Trump is sending thousands of Marines to the Middle East amid reports he is considering deploying ground troops to reopen the strait.

Fortune

Zurich seals the deal to buy London-listed insurer Beazley for £8.1bn

The companies said they had reached a deal that will create a global specialist insurance leader that’s based in the UK.

Evening Standard

Radian Bets $1.7 Billion On Inigo To Reinvent Itself As A Global Specialty Insurance Powerhouse

Radian Group Inc. (NYSE:RDN) said Thursday it will buy Inigo Limited, a Lloyds Banking Group (NYSE:LYG) specialty insurer, in a $1.7 billion transaction that will transform the Pennsylvania-based company into a global multi-line insurer.

Benzinga

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Voices: Does firing your worst employees ever make business sense?

COMMENT : As Lloyds plans to cut its bottom 5 per cent of staff, James Moore asks if threatening thousands of ‘underperformers’ with the sack can have an energising effect on the workforce

The Independent UK

New Lloyd’s boss signals shift on insuring fossil fuels

Patrick Tiernan says market will no longer discourage underwriting of such projects, stressing ‘apolitical’ stance

The Guardian - UK

Historic insurance market Lloyd’s of London appoints new chief executive

Internal candidate Patrick Tiernan takes the top job, as the marketplace also transitions to a new chairman and finance chief.

Evening Standard

Lloyd's of London deliver "outstanding" profits of £9.6 billion despite disasters

Lloyd’s made up of an underwriting profit of £5.3 billion and an investment return of £4.9 billion boosted by higher interest rates.

Evening Standard

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Lloyd’s of London expects $2.3bn losses from California wildfires

Insurance market says fine art losses were limited because rich residents took such possessions with them

The Guardian - UK

Rachel Reeves’s plan for Heathrow to ‘turbocharge’ economy struggles to take off

Chancellor’s optimistic economic growth vision hit in the short term as Tesco and Lloyds announce hundreds of job losses and she admits fixing the economy is ‘not an easy job’

The Independent UK

Lloyd’s of London chief executive John Neal to leave for Aon

John Neal was appointed chief executive in 2018 and has led the business through a tumultuous economic and geopolitical climate.

Evening Standard

London's largest insurance market, famed for its male-dominated culture of alcohol and drugs, finally cracks down on drinking at work

Lloyd’s of London plans to ban “conducting Lloyd’s business when under the influence of alcohol where it leads to unprofessional behaviour.”

Fortune

Lloyd's of London half-year profit up by £1 billion in boost for the City

London insurance marketplace’s exposure to Baltimore bridge disaster put at £500 million

Evening Standard

UK’s largest mortgage lender to allow first-time buyers to borrow 5.5 times their salary

The number of mortgages approved for home buyers has jumped to its highest level since the Liz Truss’ disastrous mini budget

The Independent UK

Lloyds Bank sued for discrimination by employees disciplined over pro-Palestine views

Afra Sohail and Aunngbeen Khalid were subject to disciplinary action for their comments by their employer Lloyds Bank

The Independent UK

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Reason

Unanimous First Amendment Victory for the NRA (Represented by the ACLU)

From Justice Sotomayor's opinion today in NRA v. Vullo (the NRA was represented by the ACLU, with David Cole arguing before the Court; by William Brewer, Sarah Rogers & Noah Peters of Brewer Attorneys & Counselors; and by me): [A.] Six decades ago, this Court held that a government entity's…

Top News

Lloyd's Insurers Expect Moderate Baltimore Bridge Claims

Lloyd's insurers are closely monitoring the Baltimore bridge incident, anticipating moderate claims and ensuring a proactive response.

International Business Times

Baltimore Bridge Collapse Leads To Projected Record-Breaking Insurance Loss

The collapse of the Francis Scott Key Bridge in Baltimore is anticipated to result in the largest single marine insurance loss in history.

The Guardian - UK

Baltimore bridge collapse could lead to record insurance loss, says Lloyd’s boss

Bruce Carnegie-Brown says disaster could cost billions and result in largest single marine insurance loss ever

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Evening Standard

Baltimore bridge collapse may be the biggest ever marine insurance loss, says Lloyd's of London chairman

Lloyd’s in a major part of the global maritime insurance trade and also hailed strong financial results for 2023

The Guardian - UK

Sarah Weir obituary

Head of Arts Council England provision for London, the Design Council and arts and cultural strategy at the 2012 Olympics

Motor1

The Lane Motor Museum Is Selling Some Of Its Weirdest Cars On The Cheap

The Lane Motor Museum in Nashville, Tennessee, is selling a set of strange cars, including a six-wheel-drive Tatra truck.

Reason

This NRA Supreme Court Case Has Big Implications for Porn

The ACLU will represent the gun rights group in a case with widespread relevance for free speech.

The Independent UK

Ukraine is shipping more grain through the Black Sea despite threat from Russia

Increasing numbers of ships are streaming toward Ukraine’s Black Sea ports and heading out loaded with grain, metals and other cargo despite the threat of attack and explosive mines

The Guardian - UK

Lloyd’s of London insurers dominate underwriting of fossil fuel projects, study shows

Annual ‘scorecard’ of major firms insuring oil, gas and coal projects puts household names Allianz, Axa, AIG and Aegis in Top 10

The Guardian - UK

Lloyd’s of London slavery review fails to settle heated question of reparations

Insurance market’s honesty is welcome, as is £12m programme to increase ethnic diversity in workplace, but more must be done

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