Lloyds offloads Scottish Widows Europe in £100m deal Insurance Lloyds Banking Group has offloaded its European life insurance business to FTSE 250 firm Chesnara in the latter’s second major deal with a UK bank. The FTSE 100 banking giant – which posted a hefty profit jump last month for the 2025 financial year – has inked a €110m (£96m) deal with Chesnara for Luxembourg-based [...]
Compare The Market: Higher premiums help profit pass £200m insurance Compare The Market increased its revenue by almost £100m thanks to higher insurance premiums leading to more customers switching providers. The Peterborough-headquartered company has reported a revenue of £563.7m for the year to 30 June, 2024. The figure comes after the comparison site posted sales of £467.5m in its prior financial year. New accounts for [...]
Legal & General: FTSE 100 giant hikes shareholder returns after strong year insurance Asset management and insurance giant Legal & General has reported a six per cent increase in core operating profit for 2024. Core operating profit hit £1.6bn and pre-tax profit under IFRS accounting standards stood at £542m. Off the back of these robust numbers Legal & General announced a £500m share buyback for 2025, as part [...]
Vitality: Profit on the up at health and life insurance giant March 4, 2025 Health and life insurer Vitality returned to profit growth during the first six months of its current financial year, it has been revealed. The company, which is UK’s third-largest health insurer behind Bupa and Axa, has posted a normalised profit from £40m for the final six months of 2024. Its UK health division reported a [...]
Vitality: Health and life insurer slips into the red despite £100m sales boost February 19, 2025 Health and life insurer Vitality slipped into the red despite its revenue surging by almost £100m during its latest financial year, it has been revealed. The London-headquartered group has posted a loss before income tax of £168,000 for the 12 months to 30 June, 2024, after having achieved a profit of £37.9m in the prior [...]
Vitality: ‘Why your health and life insurance premium won’t go down’ February 18, 2025 In this episode of Boardroom Uncovered, Neville Koopowitz, the chief executive of health and life insurance giant Vitality.
‘Once you legislate, people will rebel’: Why a vibes-based WFH policy is working for Vitality February 13, 2025 The debate-stirring issue of working from home (WFH) has never been far from the headlines so far in 2025. The likes of FTSE 100 giant WPP, Lord Alan Sugar and London Mayor Sir Sadiq Khan have all made waves with where they stand on the topic. Now Neville Koopowitz, the chief executive of health and [...]
UK financial regulator to review pure protection insurance market August 28, 2024 The City watchdog has announced a probe into the sale of pure protection insurance products amid concerns that "competition is not working well in the market".
Growth markets India and Thailand help Prudential keep up the momentum April 30, 2024 Prudential said these figures reflected the group's "strong momentum" despite strong comparators in the same period last year.