Bond traders: Bank of England gilt shake-up would ‘concentrate risks’ in market meltdown April 2, 2026 Bank of England plans to reduce the bond market’s vulnerability to a Liz Truss-style crash would fail to improve financial stability and could make stress points worse, according to gilt traders and hedge funds polled by the Bank. Responses to the central bank’s plans to overhaul its regulation of the gilt repo market showed market [...]
EY’s legal provisions balloon 300 per cent as audit battles mount March 27, 2026 Big Four giant EY has reported a surge of over 300 per cent in its legal provisions, as the firm grapples with the fallout of high-profile audit failures and regulatory crackdowns. According to the firm’s latest results on Companies House, EY didn’t just add a small buffer; it added £188m in new claims-related charges in [...]
Lloyd’s profits surge as Tiernan charts course for ‘efficiency’ era March 19, 2026 Lloyd’s of London has reported a pre-tax profit of £10.6bn, over a 10 per cent increase from the previous year, as its chief executive launches its new five-year strategy. Its gross written premiums climb to £57.9bn, up over 4 per cent. This was driven by volume growth as new syndicates joined the market; however, for [...]
London-based insuretech Loxa bags £2.7m to expand across Europe March 16, 2026 London-based insuretech Loxa has completed a £2.7m seed funding round to expand its embedded insurance platform across the European retail market. The firm secured the investment in three separate tranches from a group of angel investors and family offices. The Lazaroo-Hood Group led the backing with further support from the Angel Investment Network, FundMyPitch, and [...]
Global trade runs on trust – that’s why insurance is important in a time of war March 13, 2026 The Iran conflict could be devastating, but while risks evolve and routes shift, trade continues to find a way, says Benoit Urbin As expected, the latest military escalation involving the United States, Israel and Iran has reintroduced uncertainty into global markets. Energy markets have already come under upward pressure due to the risk of supply [...]
Royal London reports assets under management hitting record high March 6, 2026 Asset management giant Royal London reported assets under management reaching record highs in its latest annual results, boosted by buoyant equities market movements and a key acquisition. Assets under management (AUM) jumped to a record £199bn, up from £173bn the prior year, thanks chiefly to its recent acquisition Dalmore Capital, which brought in £6bn, and [...]
Aviva’s profits surge following Direct Line acquisition March 5, 2026 Aviva’s acquisition of Direct Line in 2025 contributed £174m to operating profit for the FTSE 100 giant, as the group’s overall operating profit increased by 25 per cent to £2.2bn. The group informed shareholders that it achieved its 2026 financial targets one year early, specifically reaching its £2bn operating profit and £1.8bn Solvency II own [...]
Double-digit profits at Admiral as dividends rise for shareholders March 5, 2026 FTSE 100 listed insurer Admiral reported double-digit profit growth over the last financial year, as the group pivots itself toward high-tech commercial insurance. The group profit before tax rose 16 per cent to £958m – up from £827m in 2024 – as its UK motor division surpassed the £1bn profit mark. Its other UK personal [...]
Profit slides as Beazley eyes Bermuda amid Zurich £8bn takeover March 4, 2026 One of the UK’s biggest listed insurance firms suffered a slide in profit as the company prepares to be acquired by Swiss giant Zurich. FTSE 100 insurer Beazley posted pre-tax profit of $1.14bn (£870m) for the year to end December 2025, a fall of around a fifth compared to the previous year amid a softening [...]
Trump demands US-backed insurance as firms suspend cover in Persian Gulf March 4, 2026 Donald Trump calls for a US-backed insurance following news that most of the world’s largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf. On 5 March, various members of the London-based International Group of Protection and Indemnity Clubs will automatically terminate war-risk cover if vessels enter the [...]