Direct Line boss gets huge pay day ahead of Aviva’s £3.7bn takeover March 11, 2025 The chief executive of Direct Line Group has received a huge pay day ahead of its £3.7bn takeover by Aviva. Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year, according to its annual report. The CEO’s pay was significantly boosted by a £5.8m payment from Direct [...]
Lloyd’s of London expects £1.8bn hit from Californian wildfires March 10, 2025 Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]
FTSE 100 giant Admiral announces bumper special dividend as profit jumps March 6, 2025 FTSE 100 insurance giant Admiral has reported a significant jump in profit for 2024. Earnings per share nearly doubled to 216.6p, up from 111.2p in the previous year, as pre-tax earnings increased by 90 per cent to £839.2m Turnover rose by 28 per cent to £6.15bn, as insurance revenue grew by 37 per cent to [...]
NHS delays drive demand for private healthcare to record March 4, 2025 Private healthcare market has broken yet another record, with private hospital admissions hitting their highest Q3 on record
Vitality: Profit on the up at health and life insurance giant March 4, 2025 Health and life insurer Vitality returned to profit growth during the first six months of its current financial year, it has been revealed. The company, which is UK’s third-largest health insurer behind Bupa and Axa, has posted a normalised profit from £40m for the final six months of 2024. Its UK health division reported a [...]
Beazley records record profit despite wildfire losses March 4, 2025 Lloyd’s of London insurer Beazley has reported a record profit before tax of $1.4bn (£1.1bn) for 2024, a 13 per cent increase from the previous year. The specialist insurer also announced a $500m (£394m) share buyback programme alongside a 76 per cent rise in its ordinary dividend to 25p per share. Gross insurance written premiums [...]
Rugby referees get specialist insurance policy from Howden March 3, 2025 The first specialist insurance package for UK rugby referees has been launched by Howden and athlete wellbeing provider Player Support Services. The scheme costs £10 a month and promises referees policies customised for rugby officiating and swift diagnosis and treatment in the event of an injury. It is the brainchild of former ref Mike Mulroy, [...]
Hiscox: Profit hits record at Lloyd’s of London insurer February 27, 2025 Lloyd’s of London insurer Hiscox has reported a record profit for the year ended 31 December 2024, with pre-tax earnings reaching $685.4m (£541.5m), a 9.5 per cent increase from the previous year. The insurance group’s net insurance contract written premiums rose to $3.7bn (£2.9bn) in 2023, up from $3.6bn (£2.8bn) in 2023. Insurance contract written [...]
Vitality: Health and life insurer slips into the red despite £100m sales boost February 19, 2025 Health and life insurer Vitality slipped into the red despite its revenue surging by almost £100m during its latest financial year, it has been revealed. The London-headquartered group has posted a loss before income tax of £168,000 for the 12 months to 30 June, 2024, after having achieved a profit of £37.9m in the prior [...]
Vitality: ‘Why your health and life insurance premium won’t go down’ February 18, 2025 In this episode of Boardroom Uncovered, Neville Koopowitz, the chief executive of health and life insurance giant Vitality.