Aviva: Direct Line buyout ‘firmly on track’ despite CMA investigation May 15, 2025 Aviva expects its £3.7bn acquisition of Direct Line to be completed by the middle of this year despite a new investigation by the competition watchdog into the deal. In a trading update, the insurance giant’s CEO, Amanda Blanc, said the acquisition was “firmly on track,” and cash to pay for the takeover had been ring-fenced. Yesterday, the Competition [...]
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to rip up insurance rules in drive for growth May 14, 2025 The Financial Conduct Authority has outlined plans to ditch “outdated or duplicated” insurance rules in a bid to help firms reduce costs and drive competition.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 [...]
To deliver growth, Lloyd’s of London’s new CEO has to be ruthless May 12, 2025 In order for Lloyd's of London to prosper, Patrick Tiernan must be ruthless in his leadership, writes LMA CEO Sheila Cameron.
Global Insurtech funding jumps as industry doubles down on AI May 7, 2025 According to Gallagher Re’s latest Global Insurtech Report, the global insurance tech industry has reached a new stage of maturity and growth after a decade of uncertainty. This report, the first in the 2025 series, is a collaboration between Gallagher Re, Gallagher, and CB Insights. The report defined 2024 as a year of contrasts, likening [...]
Revealed: The 2025 City AM Awards Winners May 7, 2025 The winners of the 2025 City AM Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. City AM Editor-in-Chief, Christian May, [...]
Navigating The Future Of Insurance April 23, 2025 In today’s rapidly evolving insurance landscape, navigating complexity and optimising performance requires more than traditional broking services. It demands strategic insight, data-driven decision-making, and a deep understanding of the holistic business environment. This is where Aon’s Capital Advisory team, a key part of its Reinsurance Solutions division, steps in, offering bespoke advisory services that help [...]
FTSE 100 insurance giant Admiral sells US business Elephant April 22, 2025 Admiral, the FTSE 100 financial services giant and one of the largest motor insurers in the UK, has agreed to sell its US business, Elephant Insurance, to J.C. Flowers & Co. Founded in 2001 and based in New York City, J.C. Flowers & Co. is run by billionaire J. Christopher Flowers, a former partner at [...]
Serious Fraud Office charges Lloyd’s broker over bribery April 17, 2025 The Serious Fraud Office has accused a UK insurance company of failing to prevent international bribery.