Beyond reinsurance: Aon’s UK Insurance Vertical redefines client partnership May 28, 2025 In an increasingly complex and interconnected world, the traditional boundaries of risk management are dissolving. Insurers today face a landscape of challenges, from evolving cyber threats and talent retention to navigating new regulatory frameworks. Aon is responding to these evolving needs with a groundbreaking approach: the UK Insurance Vertical. At the helm of this initiative [...]
What happens when a cyber attack hits a business? May 26, 2025 Over the last two months, cyber attacks on household names have been lighting up the headlines across the UK, but what happens behind the scenes?
Cyber attacks: Co-op and Harrods ‘lacked insurance coverage’ May 23, 2025 Luxury retailer Harrods and the Co-op did not have cyber insurance policies in place when the retailers were hit by hackers last month
Saga CEO’s pay nears £2m as losses widen May 20, 2025 The chief executive of Saga, the insurance, travel and financial services giant, took home almost £2m for its latest financial year, it has been revealed. Mike Hazell has received a pay packet of almost £1.9m for the London-listed group’s year to 31 January, 2025, according to its annual report – his first full year in [...]
Direct Line suffers shareholder revolt over CEO’s huge pay day May 14, 2025 The group behind Direct Line has suffered a huge revolt by its shareholders over its chief executive being handed a huge pay day ahead of its planned £3.7bn takeover by Aviva. In March, City AM reported that Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year. [...]
FCA to rip up insurance rules in drive for growth May 14, 2025 The Financial Conduct Authority has outlined plans to ditch “outdated or duplicated” insurance rules in a bid to help firms reduce costs and drive competition. The City regulator’s fresh proposals would hand firms greater responsibility over reviewing the value of their product. This would involve companies using the risks and characteristics of each individual product [...]
Treasury pushes captive insurance decision into late summer May 13, 2025 The Treasury will publish the outcome of the captive insurance consultation later this summer, City AM understands
Decoding the reinsurance landscape May 12, 2025 In the world of global reinsurance, navigating the currents of change demands a steady hand and a visionary outlook. Anshuman Srivastava, the deputy head of Aon Capital Partners at Aon has nearly two decades at the firm under his belt. Forming the lion’s share of his impressive industry tenure, Srivastava’s perspective is both deeply rooted [...]
M&S, Co-op and Harrods attacks drive demand for cyber insurance May 12, 2025 Experts say recent cyber attacks on retail giants M&S, Co-op, and Harrods will prompt insurers to ask more questions about the security controls retailers have in place
Lloyd’s of London selects Patrick Tiernan for CEO position May 8, 2025 Lloyd's of London appointed Patrick Tiernan as its chief executive officer after John Neal revealed in January is was going to step down