UK has insured £102bn worth of Russian oil despite sanctions January 24, 2024 A former Cabinet minister has called on the insurance industry to think on its obligations after it was revealed that UK firms have insured over €120bn worth of Russian oil.
Howden hails business as insurance brokers ramp up partnership with British and Irish Lions January 15, 2024 Founder of City insurance group Howden has insisted that “business is on fire” as it prepares to announce its annual results next month. “It was another very strong year for us,” founder and chief executive David Howden told City A.M. “You’ll see that we have already announced a couple of other critical acquisitions in Europe [...]
Andreessen Horowitz backs London insurance start-up to shrug off UK venture woes January 11, 2024 Silicon Valley giant Andreessen Horowitz (a16z) has thrown its weight behind London insurance tech Hyperexponential today in a deal that shrugs off the gloom gripping the UK’s venture capital market.
Regulator to investigate historic claims on car finance commissions January 11, 2024 "There is significant dispute between some firms and consumers on whether firms have breached legal and regulatory requirements," the FCA said.
Extreme weather tops insurance risk list for 2024 after £75bn bill last year January 10, 2024 Environmental risks continues to dominate the global risks landscape according to a new report by the World Economic Forum
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 [...]