Lloyd’s of London secures strict safety measures as offices reopen

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Lloyd’s of London reopens its doors today, more than five months after the COVID-19 pandemic forced its offices to shut, implementing a range of measures to ensure staff safety.

The 334-year-old insurance marketplace welcomes workers back to its halls with strict guidelines to prevent coronavirus transmission, including using temperature scanners, placing social distancing markers on floors, and conducting monthly antibacterial misting.

Its underwriting floors will also operate at 45% capacity to ensure employees stay at a safe distance from one another.

Clear protective screens have been installed in desks while the floors are labelled with arrows. The offices are set

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Ageas names new CEO | Insurance Business

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Ageas has appointed Hans De Cuyper (pictured) as chief executive officer, effective October 22. He succeeds Bart De Smet, who will take on the role of group chairman.

De Smet will replace Jozef De Mey, who, after almost 12 years as chairman, announced his decision to step down earlier this month, the Belgium-based insurer said in a statement. Both appointments are subject to approval by the National Bank of Belgium.

De Cuyper is the current CEO of Ageas’s Belgian subsidiary AG Insurance. He joined the company in 2004 as director of insurance management Asia in Hong Kong. In 2007, he

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Hong Kong premium growth slows down following COVID-19 crisis

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The Hong Kong insurance industry registered total gross premiums of HK$313.7 billion for the first half of 2020, or 6% year-on-year growth, according to a statement by the Insurance Authority (IA).

The industry’s premium growth has slowed considerably over the past year, in part due to the COVID-19 pandemic. From the first half of 2018 to the corresponding period of 2019, premiums grew by 16.6%.

One of the largest declines this half was that of new office premiums generated from mainland visitors, which dropped by 76.3% to HK$6.2 billion, due to movement restrictions between Hong Kong and the mainland.

For

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