Revenue doubles for health insurance provider Personal as Brits look for NHS alternative September 24, 2024 Personal Group, a London-listed workforce benefits and health insurance provider, has delivered double digit revenue growth across all areas, as the business credits its strategy
Bain Capital reportedly weighing sale of Direct Line rival esure September 16, 2024 Private equity giant Bain Capital is reportedly considering selling British motor and home insurer esure in the latest sign of M&A in the sector.
Spire Healthcare: High demand for private healthcare drives double-digit growth September 12, 2024 Spire Healthcare has reported a jump in revenue as the healthcare provider once again benefited from a high-performing private sector and a surge in medical insurance amongst working-age people. In its half-year results today, the FTSE 250-listed company, which is also the UK’s second-largest private healthcare group, said revenue was up 12.7 per cent to [...]
Lloyd’s of London reports ‘superb’ first half but warns of digitisation delays September 5, 2024 Lloyd’s of London, the storied insurance market and one of the world’s largest providers of reinsurance, has reported a jump in profit today but warned its landmark digitisation project was taking “longer than expected”. Lloyd’s reported an overall profit before tax of £4.9bn in the first half of 2024, up from the figure of £3.9bn [...]
Worst Corporate Jargon of the Week Awards: Scrum September 5, 2024 A scrum is not a casual Slack video call or an innocent gathering of penguins. No, a scrum is something more akin to a belief system.
Direct Line returns to profit but customers flee after firm hikes insurance prices September 4, 2024 Direct Line's operating profit undershot expectations for the first half of 2024 as the firm shed more than a quarter of a million motor insurance customers following price hikes.
Ondo Insurtech partners with NFU Mutual to expand leak claims offering September 3, 2024 Ondo Insurtech has struck a deal with the National Farmers Union Mutual to introduce its LeakBot technology to its members.
Direct Line to report interim results in indication of turnaround plan September 1, 2024 Direct Line shareholders will get an early sign of whether the insurer’s turnaround plan is beginning to bear fruit as it posts its interim results on Wednesday. Shares in the insurer, which owns Churchill, Privilege and the breakdown recovery provider Green Flag, are down 12 per cent since May and its long-term record makes for [...]
UK financial regulator to review pure protection insurance market August 28, 2024 The City watchdog has announced a probe into the sale of pure protection insurance products amid concerns that "competition is not working well in the market".
Prudential hopes sluggish first half won’t stand in the way of ambitious targets August 28, 2024 The firm reported that new business profit fell three per cent in Hong Kong compared to last year, when there was strong growth in the wake of the pandemic.