The intersection between the capital markets and the insurance industry December 17, 2024 Insurance is part of the DNA of global capitalism, but due to concerns around complexity and liquidity, the market has historically struggled to attract the capital needed for growth. Aon’s Capital Advisory division works with insurance clients to enhance return on capital by matching risk with capital to make better business decisions. It’s been built [...]
Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
‘Good news for insurers’ after government ups personal injury discount rate December 2, 2024 Lord Chancellor revealed that the personal injury discount rate will increase to 0.5 per cent, in a move welcomed by the insurance industry
How Aviva and Ageas could go head-to-head in Direct Line bidding war November 29, 2024 The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Direct Line shares surge after £3.3bn Aviva takeover approach November 28, 2024 Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Direct Line rebuffs ‘highly opportunistic’ approach from Aviva November 27, 2024 In a stock exchange announcement, Aviva confirmed that it had submitted an offer last week, which valued the FTSE 250 firm at 250p per share.
MS Amlin: Lloyd’s syndicate reports triple-digit growth in insurance service November 19, 2024 MS Amlin’s Lloyd’s syndicate reported an large jump in profits from underwriting from its insurance services, as partner group revises its full-year outlook
‘Vital the government hears directly from UK plc:’ Consultation on captive insurance reform launched November 18, 2024 UK government launched a consultation into a regime for a captive insurance industry, as CEO warns it is vital the government hears directly from UK plc
FCA fines director of collapsed insurance broker £1.1m over misusing funds November 11, 2024 The Financial Conduct Authority (FCA) has banned and fined a director of an insurance broker over misleading the regulator and misusing funds
Direct Line considers cutting 550 roles as motor market remains ‘challenging’ November 11, 2024 Direct Line is considering cutting around 550 roles as the insurance broker battles with "challenging" market conditions.