Shares in Admiral and Direct Line sink after FCA regulator takes aim at premium finance January 10, 2024 In an interview with Insurance Post, Matt Brewis, head of insurance at the Financial Conduct Authority (FCA), described premium finance as a "poor product".
Jeremy Hunt signs ‘groundbreaking’ financial services agreement with Switzerland December 22, 2023 Chancellor Jeremy Hunt has signed what he called a “groundbreaking” deal with Switzerland on financial services.
Lloyd’s of London strikes deal with Ping An to stay at iconic City HQ until 2035 December 18, 2023 Lloyd’s of London has struck a new deal with Chinese insurer Ping An to remain at its One Lime Street headquarters until 2035, four years longer than its original lease agreement.
Insuring electric vehicles is hugely expensive – and that might not change soon December 8, 2023 Insurers are facing a major dilemma over how to handle the huge cost of covering electric vehicles (EVs). Are they doing enough?
Aon hits insurance rival Howden with lawsuit a month after another settlement November 30, 2023 Insurance broker Howden Group Holdings has been hit with a new lawsuit by Aon, one month after the former settled its other claim. The new claim was filed to the English High Court this week by insurance giant Aon and its subsidiaries Aon UK and Aon Brasil. The lawsuit targeted Howden along with 11 other [...]
Bermuda to London: Hunt plots move to supercharge London insurance market November 29, 2023 The Chancellor, Jeremy Hunt, announced in his Autumn Statement that the Government plans to consult on a new framework to encourage the establishment of captive insurance companies in the UK.
Lloyd’s chair: This Bazball fan thinks the City needs to play with more risk November 23, 2023 Charlie Conchie interviews the biggest names in the City. This week it's MCC and Lloyd's of London Chair, Bruce Carnegie-Brown.
Footballers suffered worse injuries after Qatar World Cup, shocking study finds November 19, 2023 The Premier League had the second most injuries last season.
Aviva posts 13 per cent rise in nine-month premiums November 16, 2023 This morning Aviva posted a 13 per cent rise in its general insurance gross written premiums for the first nine months of the year, saying it would continue to return surplus capital to shareholders.
Lloyd’s of London SPAC venture scrapped due to volatile markets November 13, 2023 Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing "insufficient" cash commitments due to volatile capital markets.