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Displaying items by tag: Lloyds of London

#LloydsofDublin? - The option by Lloyd’s of London according to The Irish Times in setting up a subsidiary in Dublin is actively been examined, as it finalises its plan to deal with the move to Brexit.

The insurance market is due to bring a proposal to its members next month to establish a subsidiary in an EU country to safeguard its access to European markets and Dublin remains on the shortlist as the final decision approaches.

The arrival of Lloyd’s, the insurance market with a history stretching its origins in marine insurance back more than 300 years, would pose particular issues for the Central Bank. Lloyd’s members would have to agree to inject new capital into the venture, to create a fully-fledged subsidiary.

However the structure of Lloyd’s, with risk taken on by various syndicates of members, rather than the company, would require a different regulatory oversight to a normal insurance operation.

Lloyd’s was one of the first major city companies to say it would move part of its operations out of London in the wake of the Brexit vote. Its chairman, John Nelson, said that London’s status as a global insurance hub was at risk after the referendum vote. Lloyd’s quickly started looking for a base for an EU subsidiary and it was reported in December that five centres were on the shortlist. Malta is also thought to be on the list.

For more click here and an opinion piece on Afloat.ie of Dublin's Docklands as a relocation base for sectors of the London banking scene leading to potential spin-off of maritime based activity on the Liffey based mostly on moored craft.

On a related note to London's River Thames is where MBNA Thames Clippers (see newbuild orders) is operated by one of the UK's largest credit card issuers, MBNA.

Published in News Update

About the Star Sailors League Gold Cup

In 2022, Sailing finally got its own World Cup, according to the promoters of the SSL (STAR SAILORS LEAGUE) Gold Cup. 

Like football in 1930 and rugby in 1987, the SSL Gold Cup is designed to crown the best sailing nation of all! The World's Top 56 countries, selected on their SSL Nation ranking, will battle their way through to raise the coveted and only Sailing World Cup trophy.

The SSL is the global inshore sailing circuit launched by Olympic athletes in 2012, by sailors for sailors. Its main philosophy considers the athletes (not the boats) as the “Stars” and it aims to showcase the annual global sailing championship with its over 15’000 regattas; it determines and celebrates the world leaders in sailing promoting the inshore regattas to the global audience.

The three main components of the SSL Circuit are the SSL Ranking published every Tuesday, updating the position of over 100,000 leading athletes, thus highlighting the world’s top inshore sailors. The SSL Finals taking place every year around November-December, it’s the annual final of the SSL Circuit among the 20/25 best athletes of the ranking, to crown the champion of the season. And the SSL Gold Cup, the ‘ultimate’ championship of the circuit with 56 nations among World Sailing members, to crown the best sailing nation.

In a mechanical sport where the race for technology sometimes gets in the way of the race for glory, the SSL aims for equal competition where the talent of the sailors is at the forefront and the champions become heroes that inspire new generations of sailors.

The SSL is a World Sailing Special Event since 2017.

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