The Weekly Wrap | 16th October 2020

15th October 2020
The Weekly Wrap | 16th October 2020

Take your pick at 42 Trinity Square!

We have partnered with the Savills PIVOT team on the 2nd floor offices (2,186 sq ft) at 42 Trinity Square, EC3 to provide ultimate flexibility for tenants.

The 2nd floor is available on either a fully managed or conventional lease basis with the benefit of a bespoke CAT A+ fit out which can be amended to the exact needs of a tenant’s requirement.

The office suite itself will include brand new furniture, cabling, meeting rooms and a kitchenette. The building is located immediately adjacent to Tower Hill underground station and includes all new services together with, a landscaped courtyard. Further amenities include new air conditioning, a new fully accessible raised floor and a new metal tiled suspended ceiling with LED lighting.

To see full details of the building which ranges from 2,018 - 11,667 sq ft, please see the virtual tour below:-

Virtual Tour

Alternatively, for more information or to arrange a viewing, please contact Ali Porter (07388 994 848).

TFL claim tube is safe!

London’s transport chief insisted that the tube was "safe" after an investigation failed to find any signs of Covid-19.

TfL is running a virtually full service to enable passengers to socially distance but the number of journeys is only at about a third of pre-Covid levels. Andy Byford, Commissioner for Transport for London, advised passengers to return to the Underground following unbiased checks by experts from Imperial College London:-

The most recent swab sampling involved testing escalators and Oyster readers at Waterloo and Euston stations, the grab handles on a Northern line train and the push buttons and handrails on a 205 bus.

Air samples – taken at a rate of 300 litres a minute for up to an hour, more than a human would breathe – were also taken at each location.

The testing was designed to replicate a typical rush-hour journey on a busy part of the network. “All results were negative, with no coronavirus being detected at any of the sampling sites,” a TfL spokesman told the Standard.

Byford added, "We're ready when you're ready. The system is safe to use. We urge people to make use of it.


Lloyd's market expected to grow in 2021

Lloyd's CEO John Neal said he intends to sign business plans that will enable the market to expand by between 12% and 13% in 2021 and write up £15billion in new business.

The CEO spoke as part of Aon's fireside chat series of interviews with key (re)insurance executives.

Neal also said that he was optimistic that the industry would meet expectations in 2021 and that there was potential for rising both exposure and pricing.

The total revenue projection is an upward adjustment of the latest projection Neal's high-single-digit revenue next year, while the new company forecast is at the bottom end of the spectrum of £12 billion-£13 billion ($15.5 billion-$16.8 billion) previously cited. The comments come as the business strategy process continues between Lloyd's and syndicates.

Lloyd’s gross written premium in 2019 was £35.9bn.

Neal added that the Covid-19 pandemic increased the importance of Lloyd's physical presence.

"I think the physical location has become more important, not because we can't trade without it, but because the capacity to communicate in certain situations and in certain cases is crucial," he explained.

"So as real estate footprints decline in major cities, I think that having a legal place where people can meet for insurance purposes has really just gone up."

Companies still plan a return to the office according to the IOD

According to a survey of 958 company directors carried out by the  Institute of Directors, most businesses will resume using their offices after the coronavirus crisis, despite a shift towards home working.

Only one in five said their usage would be “significantly lower”, with less than half of bosses saying employees were more effective at home. Meanwhile 30 per cent said their use of the office would be unchanged.

The IOD said “the benefits of the office haven’t gone away”, and warned that the prospect of increased long-term home-working could raise legal questions over employers’ responsibilities for staff outside the office. 

IoD director of policy Roger Barker said: “Working from doesn’t work for everyone, and directors must be alive to the downsides. Managing teams remotely can prove far from straightforward, and directors must make sure they are going out of their way to support employees’ mental wellbeing.”



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