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Reuters - 57 minutes ago

Geopolitical strife could cost global economy $14.5 trln over 5 years -Lloyd's of London

UPDATE 1-Geopolitical strife could cost global economy $14.5 trln over 5 years -Lloyd's of London Adds details in paragraphs 2-3, 5-6 LONDON, Oct 9 (Reuters) - The global economy could face losses of $14.5 trillion over a five-year period from a hypothetical geopolitical conflict which hits supply chains, insurance market Lloyd's of London SOLYD.UL said on Wednesday.

Reuters - 57 minutes ago

Lloyd's of London must stop supporting fossil fuel expansion says NGO

Lloyd's of London must stop supporting fossil fuel expansion says NGO By Virginia Furness LONDON, Oct 9 (Reuters) - The Lloyd's of London SOLYD.UL market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday. Some European insurers, including Generali GASI.MI and Zurich ZURN.S , have imposed restrictions on underwriting for fossil fuel projects in response to pressure from investors and campaigner

Reuters - 1 hour ago

Hurricane Milton could cost insurers $60 bln, raise reinsurance rates, RBC says

Hurricane Milton could cost insurers $60 bln, raise reinsurance rates, RBC says Hurricane Milton loss could be $60 bln, similar to Hurricane Ian in 2022- RBC Milton due to hit Florida's Gulf Coast late Wednesday/early Thursday Rreinsurance rates could rise, boosting shares LONDON, Oct 9 (Reuters) - Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies' shares, analysts at RBC C

Reuters - 4 days ago

UK investment summit to feature Google, Wayve and Brookfield

UK investment summit to feature Google, Wayve and Brookfield LONDON, Oct 5 (Reuters) - The new British government's first international investment summit will feature senior executives from companies including Google GOOGL.O , Wayve and Brookfield Asset Management, the government said on Saturday. The summit, on Oct. 14, is aimed at ramping up foreign direct investment to help improve economic growth, Prime Minister Keir Starmer's primary mission since being elected in July.

Reuters - 5 days ago

Santander-backed Ebury hires finance veteran Carnegie-Brown ahead of IPO

Santander-backed Ebury hires finance veteran Carnegie-Brown ahead of IPO LONDON, Oct 4 (Reuters) - Santander-backed SAN.MC financial technology company Ebury has hired Lloyd's of London Chair Bruce Carnegie-Brown as its chairman, the company said on Friday, ahead of a potential stock exchange float. Ebury is gearing up for a potential initial public offering as early as next year, although no final decision has been made, a source familiar with the matter said.

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