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22.10.26 - 09:02
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Greenlight Innovation Syndicate 3456 Appoints Ian Maguire as Active Underwriter (GlobeNewswire EN)
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GRAND CAYMAN, Cayman Islands, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) (“Greenlight Re” or the “Company”) announced today that Greenlight Innovation Syndicate 3456 (“Syndicate 3456”) has appointed Ian Maguire as Active Underwriter, subject to regulatory approval, as Syndicate 3456 transitions from a Syndicate-in-a-Box to a full Lloyd's syndicate with effect from January 1, 2027....
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22.10.26 - 08:54
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Barclays profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live (The Guardian)
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French risk premium over German bonds widest since 2011 as oil prices climb above $111 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Barclays' profits jumped in the last quarter and it handed more cash to shareholders as further bank taxes looms in John Healey's budget next Wednesday.I am pleased with the ongoing momentum of Barclays' operational and financial performance.With one quarter to go before the end of our original three-year plan, we have either achieved or are on track to achieve all of our 2026 group targets. We are confident in and committed to the 2028 targets that we laid out earlier in the year.A UK bank tax risk is now a base case. If it is confirmed on 28 October, it'll be the size and timing that will be key. If Healey does go ahead, shares of Lloyds and NatWest, which are almost entirely exposed to the UK, would likely be impacted most, and you are seeing this already in the share price reaction today. Barclays i...
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21.10.26 - 14:33
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Apollo partners with Generali to launch Red Bridge Syndicate 2031 (GlobeNewswire EN)
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LONDON, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Apollo, a Skyward Group company (Nasdaq: SKWD), an innovation-inspired insurance platform, today announced it has partnered with Generali to launch a new platform partner syndicate for which it will act as managing agent. Red Bridge Syndicate 2031 has received “in-principle” approval from Lloyd's and is expected to begin underwriting on 1 January 2027....
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20.10.26 - 17:00
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Google cloud failure hits millions as UK courts and banks knocked offline (The Guardian)
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Power glitch stalls hearings and Revolut, Lloyds and HSBC customers unable to pay or move moneyBusiness live – latest updatesAn outage at Google's cloud services in the UK has caused widespread disruption, hitting courts and leaving millions of customers unable to access and send cash at banks including Lloyds, HSBC and Revolut.Google has blamed a “power event” for the failure at its London-based Cloud computing operations on Tuesday, which affected its “europe-west2-b zone”. Continue reading......
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07.10.26 - 10:12
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UK house prices flatline as rising mortgage costs weigh on market (The Guardian)
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Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in AugustBusiness live – latest updatesUK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market.The average cost of a home last month was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Continue reading......
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07.10.26 - 09:24
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UK Lloyds House Prices Stagnate (AFX)
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LONDON (dpa-AFX) - UK house prices remained unchanged in September after falling for two straight months amid higher interest rate expectations, monthly data published by Lloyds Banking Group show......
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06.10.26 - 22:45
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The $1 Million Tanker Was Just The Start: Every Crude Freight Index Hits Record High As Hormuz "Works" Too Well (ZeroHedge)
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The $1 Million Tanker Was Just The Start: Every Crude Freight Index Hits Record High As Hormuz "Works" Too Well
Just when we thought crude tanker rates couldn't go any higher, they did - again.
A week ago, a record million dollars a day charter for a supertanker was the punchline. Now it's the floor: the Baltic Exchange's TD3C, the benchmark Saudi Arabia-to-China VLCC route, hit yet another all-time high of $1.33 million per day on Monday, up 10% on the week and 21 times where it was a year ago!
But the real fireworks are elsewhere. As Lloyd's List's Greg Miller writes, the tanker market's "cascade" effect has gone into overdrive, with record VLCC strength spilling into suezmaxes, and suezmax demand in turn dragging up aframaxes:
Crude tanker markets hit a tipping point in mid-September, surging to a new level as more crude exited the Strait of Hormuz. Over the past three days, rates crossed another tipping point, spiking even higher due to the lagged global 'cascade...
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03.10.26 - 10:18
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UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail (The Guardian)
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Revelation comes amid mounting concern over online prediction market's effects on integrity of financial systemUK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollars worth of bets over whether HSBC and Lloyds will fail.Polymarket – the US-owned company which holds bets on anything from football matches, to the existence of aliens, to when a bomb drops on a city – has allowed users to take $77,507 (£58,530) worth of positions on whether the world's biggest banks will go under by the end of this year. Continue reading......
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