Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
Aviva set for £3.6bn Direct Line takeover December 6, 2024 Direct Line is set to agree to a £3.6bn takeover by its bigger rival Aviva, after the FTSE 100 firm returned with a sweetened bid for the company today. In a joint statement to the market this morning, the two firms said they had struck the outlines of a deal in which Aviva will pay [...]
‘Good news for insurers’ after government ups personal injury discount rate December 2, 2024 Lord Chancellor revealed that the personal injury discount rate will increase to 0.5 per cent, in a move welcomed by the insurance industry
Tensions flair at Direct Line following Aviva takeover bid December 1, 2024 A battle is brewing over Direct Line about whether to accept any further takeover bids from Aviva, as its CEO seeks more time to turn the business around. Talking to the Sunday Times following the rejected £3.3bn bid from Aviva last week, Direct Line CEO Adam Winslow urged shareholders to back his turnaround plan over [...]
How Aviva and Ageas could go head-to-head in Direct Line bidding war November 29, 2024 The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Direct Line shares surge after £3.3bn Aviva takeover approach November 28, 2024 Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Direct Line rebuffs ‘highly opportunistic’ approach from Aviva November 27, 2024 In a stock exchange announcement, Aviva confirmed that it had submitted an offer last week, which valued the FTSE 250 firm at 250p per share.
Data and talent drive the insurance sector November 27, 2024 Aon’s Jason Noronha explains how the company uses data to gain an edge over competitors. Aon has grown to become one of the world’s foremost insurance institutions, but the company cannot rest on its laurels. Technology is increasingly shaping the direction of the industry, helping companies streamline their operations while enhancing the proposition for customers. [...]
Rachel Reeves needs to channel Alexander the Great, says City group November 21, 2024 The Association of British Insurers called on Rachel Reeves to break the “regulatory Gordian knot” last night – Hannah Gurga told City AM why the group is calling for faster reform. According to ancient Greek legend, he who untied the Gordian knot was destined to rule over the whole of Asia. Unravelling the stubborn splice [...]
MS Amlin: Lloyd’s syndicate reports triple-digit growth in insurance service November 19, 2024 MS Amlin’s Lloyd’s syndicate reported an large jump in profits from underwriting from its insurance services, as partner group revises its full-year outlook