London Market insurers seeking to relocate an aviation case to war-torn Ukraine March 18, 2024 The companies have had several aircraft damaged or destroyed in Dnipro International Airport and Boryspil International Airport following missile attacks as a result of the war.
Aviva sells stake in Singapore Life for more than expected as firm continues to simplify March 18, 2024 The sale continues Aviva's attempts to streamline its global operations to focus on its core markets of the UK, Ireland and Canada.
Belgians tap up Chinese ahead of possible third bid for Direct Line March 17, 2024 The boss of Belgian insurer Ageas is reportedly flying to China to meet its largest shareholder amid speculation he is trying to gather support to raise its £3.2bn takeover offer for Direct Line after being rebuffed twice.
Lloyd’s of London and Bermuda Monetary Authority partner to strengthen ties between global insurance hubs March 14, 2024 Lloyd’s has joined forces with the Bermuda Monetary Authority (BMA) to jointly develop an initiative for closer collaboration and alignment on sharing risk expertise between the two global insurance hubs.
Direct Line: Top Ageas investor reportedly opposing takeover bid March 14, 2024 One of Ageas' top shareholders is reportedly opposing the Belgian insurer's attempt to acquire London-listed rival Direct Line after it has already been rebuffed twice.
The Notebook: No crystal ball? How insurers are predicting risk in an increasingly unpredictable world March 13, 2024 Mike Steel, general manager at Moody’s RMS, takes the Notebook pen to talk insurance, catastrophe bonds and predicting the future.
Nord Stream launches lawsuit against Lloyd’s of London insurers over pipeline sabotage March 12, 2024 Nord Stream AG, a consortium headquartered in Switzerland, is majority owned by the Russian state-owned gas company Gazprom.
Old Mutual expects up to 45 per cent jump in profit on ‘exceptional growth’ in new business March 12, 2024 Pan-African financial services group Old Mutual has said it saw profits surge as much as 45 per cent last year due to “exceptional growth” in new business.
Direct Line to prioritise profits in bid to shake off Ageas interest March 10, 2024 The new boss at Direct Line is is bringing forward his plans for turning around the business in an attempt to rebuff a £3.1bn takeover bid from Belgian insurers Ageas.
Royal London plots bulk annuities push as profits rise March 8, 2024 Life insurer Royal London said it was looking to push further into the booming bulk purchase annuities market today as it posted a 19 per cent rise in profits for the year.