Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth
Lloyd’s profits surge as Tiernan charts course for ‘efficiency’ era Insurance Lloyd’s of London has reported a pre-tax profit of £10.6bn, over a 10 per cent increase from the previous year, as its chief executive launches its new five-year strategy. Its gross written premiums climb to £57.9bn, up over 4 per cent. This was driven by volume growth as new syndicates joined the market; however, for [...]
Ageing workforce puts London’s specialty insurance sector at risk Insurance London’s specialty (re)insurance market employs around 61,000 people, but despite this, the sector is facing a ‘critical’ talent shortage. According to data from the trade body, the London Market Group (LMG), that headcount is up 3 per cent since 2022, but the sector is expected to require around 82,200 by the end of 2034. The [...]
If you look past the headlines London is charging ahead CITY VIEW While the headlines are dominated by a steady trickle of takeovers stripping the London Stock Exchange, money is flooding into the capital elsewhere.