Lloyd’s chair says marketplace must ‘extend’ leading position July 1, 2025 The new chair of Lloyd’s has vowed to “strengthen and extend” the insurance marketplace’s industry leading position after the sector was identified as a ‘frontier industry’ in the government’s newly minted Industrial Strategy. In a speech seen exclusively by City AM, Sir Charles Roxburgh hailed the “success of Lloyd’s and the London insurance market”, saying [...]
Aviva’s £3.7bn takeover of Direct Line approved by UK watchdog July 1, 2025 Aviva’s acquisition of smaller insurance peer Direct Line has been approved by the competitions watchdog, paving the way for the formation of Britain’s biggest home and motor insurer. The £3.7bn takeover will not be subject to a phase-two investigation, the Competition and Markets Authority (CMA) said on Tuesday, after a preliminary probe to assess whether [...]
Insurer Allianz to cut 650 UK jobs June 18, 2025 German insurance giant Allianz has informed its UK staff that 650 jobs will be cut across several lines of its business
High Court rules aircraft lenders can recover loss from planes stuck in Russia June 11, 2025 In a substantial blow for insurers, the High Court concluded that 'War Risk' insurers to foot the bill over aircraft lost in Russia
Wait, treat, repeat: The NHS healthcare hold-up hurting UK workplaces June 10, 2025 Trying to get a doctor's appointment is like trying to win the lottery these days, and as a result, it has a knock-on effect on businesses
Lloyd’s of London new CEO sets out vision and new executive team June 2, 2025 Patrick Tiernan kicked off his first day as Lloyd's new chief executive with a letter, telling the market his aim "is to make working at Lloyd's always feel special"
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
‘Governance horror-show’: AVI hits out at takeover plan from Dan Loeb-backed Third Point May 21, 2025 A major shareholder of a London-listed business backed by New York hedge fund manager Dan Loeb has hit out at its planned takeover of a US insurer. AVI, which controls a 7.1 per cent share of Third Point Investors, described its takeover proposal as a “governance horror-show”. “Third Point Investors has for some time been [...]