World’s largest insurers head to court for high-stakes clash October 2, 2024 A multi-billion pound trial over stranded aircraft in Russia kicked off this morning in a jam-packed courtroom
Profit surge sparks hiring boom in London’s insurance sector October 2, 2024 Lloyd's of London recently reported a sharp rise in profits, driving a surge in recruitment across the capital's insurance sector.
Saga in talks with Belgium’s Ageas over insurance deal October 2, 2024 Saga, the British financial services and travel provider for over-50s, has said that it is in talks with Ageas for a deal involving its insurance arm as it looks to reduce debt.
Industry crackdown as insurance scams surge September 26, 2024 The UK insurance industry identified £1.1bn worth of fraudulent claims last year, highlighting the importance of focusing on tackling bogus insurance claims.
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.