Lloyd’s of London’s Beazley again rejects Zurich’s £7.7bn takeover bid insurance Beazley, the prominent Lloyd’s of London underwriter, has unanimously rejected a 1,280p per share cash proposal from Zurich Insurance Group, which it says “materially undervalues” the firm’s future prospects. The board noted that this latest offer is actually lower than a 1,315p proposal Zurich made in June last year, which valued the firm at approximately [...]
Cyber attacks: Co-op and Harrods ‘lacked insurance coverage’ insurance Luxury retailer Harrods and the Co-op did not have cyber insurance policies in place when the retailers were hit by hackers last month
Hurricane Milton: Global insurance industry bracing for colossal losses insurance As Hurricane Milton, a category three storm rips through the central west coast of Florida, the global insurance industry is bracing for losses of up to $100bn