FCA fines director of collapsed insurance broker £1.1m over misusing funds November 11, 2024 The Financial Conduct Authority (FCA) has banned and fined a director of an insurance broker over misleading the regulator and misusing funds
Direct Line considers cutting 550 roles as motor market remains ‘challenging’ November 11, 2024 Direct Line is considering cutting around 550 roles as the insurance broker battles with "challenging" market conditions.
David Howden: I will live and breathe the British and Irish Lions tour November 9, 2024 Howden Group CEO David Howden has insisted he will live and breathe the British and Irish Lions next year in what will be the insurance firm’s first tour as front-of-shirt partner. Excitement has been steadily increasing ahead of the tour to Australia, where the team made up of rugby players from England, Scotland, Wales and [...]
Lancashire Holdings shares surge to the top of the FTSE 250 after special dividend announced November 6, 2024 Lloyd’s of London insurer Lancashire Holdings has announced another special dividend in its results for the three months to 30 September. Shares in the company jumped 9.2 per cent in early deals to the top of the FTSE 250 after the results were published. The company reported a nine per cent jump in gross written [...]
Prudential: FTSE 100 insurer posts profit growth in key Asian markets November 6, 2024 FTSE 100 insurer Prudential posted a jump in new business profit for the first nine months of its year today after registering “broad based growth” across its global markets. In a third-quarter trading update today, the Asia-focused insurer said it had notched £2.35bn in new business profit across its global markets, an 11 per cent rise on [...]
Lloyd’s of London insurer Beazley records further growth despite Helene and Milton November 6, 2024 Lloyd’s of London insurer Beazley has recorded further growth in its insurance book and is on track to hit its profit target for the year despite hurricanes Helene and Milton. In a trading update for the nine months ended 30 September 2024, the company reported insurance written premium growth of seven per cent to $4.6bn [...]
Prestige oil spill: Insurer London P&I Club faces French and Spanish states in English court October 28, 2024 Insurer London P&I Club is facing both the French State and the Kingdom of Spain in a London court on Tuesday in a legal battle that stems over 20 years
Sabre Insurance: Motor insurance claims inflation continues to hit growth October 22, 2024 Motor insurer Sabre Insurance said it expects annual gross written premium growth to moderate slightly as claims inflation remains elevated.
LMA: Driving change in Lloyd’s of London October 22, 2024 The UK’s £50bn specialist insurance market is a powerhouse, one of the tokens is the Lloyd’s Market Association, which are at work to drive the markets evolution
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.