Highest monthly car insurance rates ‘very hard’ to justify, industry boss admits April 17, 2024 A boss at the trade body for British insurers told MPs today that the highest rates paid by motorists for monthly cover are “very hard” to justify, as the industry faces criticism for hiking prices amid the cost of living crisis.
Saga cruises back to growth as over 50s return to the high seas April 17, 2024 Saga's ocean cruising business roared back to life with underlying profit before tax hitting £35.5m, compared to an underlying loss after tax of £0.7m in the previous year.
Direct Line poaches another Aviva executive as new finance chief as turnaround continues April 10, 2024 Insurer Direct Line has appointed Aviva executive Jane Poole as its new chief financial officer as the firm looks to narrow its losses and cut costs.
London insurers failed to move aviation mega-lawsuit out of UK court to Russia April 2, 2024 The claimants in this case are some of the world’s largest aircraft lessors including AerCap, Aircastle, Avenue Capital, Carlyle Aviation Partners, FTAI Aviation and Merx Aviation.
Square Mile and Me: Admiral CFO Geraint Jones on heading up the FTSE 100’s only Welsh company March 28, 2024 Geraint Jones, chief financial officer at Admiral Group, takes a trip down memory lane to tell us about his career, from exercise tech to insurance.
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.
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.
Lloyd’s of London’s underwriting profit nearly doubled in 2023 following ‘outstanding’ year March 7, 2024 The market’s combined ratio - a measure of insurance profitability - improved by 7.9 percentage points to 84 per cent from 91.9 per cent in 2022.
Hiring market: Insurance sector outperforms financial services in 2023 February 26, 2024 Job vacancies in the insurance sector fell less than those in the financial services market last year. According to a City A.M.’s exclusive of a report by specialist recruiters Harrison Holgate and market data analytics firm Vacancysoft, vacancies in insurance dropped by 15.1 per cent compared to the fall of 30 per cent for the [...]
Google in talks to participate in Lloyd’s of London captive syndicates February 12, 2024 US tech giant Google is reportedly in talks to participate in the City's insurance and reinsurance market via a captive.