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Insurance

  • Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’

    May 16, 2024

    The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers

  • Busy claims year drives demand for risk professionals in London insurance market

    May 13, 2024

    Vacancies for risk professionals in insurance companies are on the rise as the sector battles yet another busy claims year

  • Direct Line hikes prices as it tries to reassure investors it’s on track

    May 8, 2024

    Insurer Direct Line has grown its written premium across its three main divisions as the firm looks to bolster investor confidence in its new turnaround strategy.

  • Hiscox: UK business in ‘growth mode’ as hard market continues

    May 2, 2024

    Lloyd’s of London insurer Hiscox has grown its written premium by 8.3 per cent as the FTSE 250 carrier shrugged off a contraction in its London market.

  • The Notebook: What a house fire can teach the FCA about consumer duty breaches

    May 1, 2024

    Lucy McNulty takes the Notebook pen to discuss the consumer duty, John Lewis' new interview process and a podcast recommendation.

  • Lack of major natural catastrophes puts Lloyd’s of London insurer Beazley on front foot

    April 29, 2024

    For the full year, the company said it expected to report a combined ratio—a measure of insurance premiums taken as a percentage of losses paid out—in the low 80s on an undiscounted basis.

  • Lloyd’s of London leans on its unique qualities to ignite growth

    April 29, 2024

    Since the first agreements between merchants and shipowners were inked in Edward Lloyd’s coffee house in 1698, the market has relied on paper-heavy face-to-face trading.

  • Time to celebrate one of London’s overlooked success stories

    April 29, 2024

    The decline of London’s equity market has dominated the headlines, obscuring what has been one of the City’s great success stories.

  • Storm in a spinning teacup: Butlin’s sues Aviva over definition of flooding

    April 28, 2024

    Butlin's is suing Aviva over the definition of a storm, after serious flooding forced it to shut its largest resort.

  • Lloyd’s insurance vehicle Inigo surpasses £885m in gross written premium

    April 24, 2024

    The specialist insurer Inigo has surpassed $1bn in gross written premium as well as reporting skyrocketing results for its profit before tax

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