By: Rupert Hargreaves

Rupert Hargreaves is City AM's Chief Operating Officer. He was previously the Managing Editor and City AM's News Editor. Today he edits Whisky Business: City AM's monthly look at the world of whisky and covers the insurance sector, including Lloyd's of London. Before joining City AM, he helped lead the digital team at MoneyWeek, the UK's best-selling financial magazine. Rupert has nearly 20 years of experience in financial journalism and holds qualifications from the CFA Institute and the Chartered Institute for Securities & Investment (CISI).

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Live: Gold hits new high amid global uncertainty

September 9, 2025

UK equity markets appear poised for a lower open this morning, following the US markets’ overnight decline. However, the NASDAQ index of tech stocks reached a new all-time high yesterday and so did the price of gold, which continues to head higher on speculation the Federal Reserve will cut interest rates further throughout the rest [...]
Higher interest rates boost Lloyd’s of London

September 4, 2025

Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]
Gallagher Re: Global reinsurance capital hits record

September 2, 2025

Global reinsurance capital rose 4.8 per cent to a record $805bn (£595bn) in the first half of 2025 and is on track to increase by eight per cent overall, thanks to continued strong profitability and additional non-life alternative capital, according to Gallagher Re’s half-year 2025 Reinsurance Market Report. The industry has continued to grow despite [...]
Live: FTSE 100 holds steady as house prices slump

September 1, 2025

The City AM markets live blog
Port Ellen cheers 200th year with Distillers One of One donation

August 20, 2025

Last year, after four decades of closure, the iconic Port Ellen distillery reopened its doors just in time for its 200th anniversary. And to celebrate, the distillery has donated a one-of-a-kind bottle to the Distillers One of One auction. The Islay distillery closed in the 1980s, one of many victims of a crash that decimated [...]
The Grand Whisk(e)y Tour: An ultra-exclusive whisky experience

August 18, 2025

Luxury and Scotch whisky go hand-in-hand, and now two of the most prominent players in the whisky space have teamed up to offer a truly one-of-a-kind experience. The brainchild of Chivas Brothers, the Scotch whisky arm of drinks giant Pernod Ricard and Midleton Very Rare, the most exclusive offering from Irish Distillers, also a subsidiary [...]
Admiral: Shares surge after FTSE 100 giant’s profit jumps

August 14, 2025

Shares in insurance giant Admiral surged 5.5 per cent in early deals this morning after the group reported a significant jump in earnings for the first half of its financial year, thanks to its UK insurance arm and income from Admiral Money. The group reported a 69 per cent jump in profit before tax from [...]
Beazley: Shares slump after profit falls

August 13, 2025

Shares in Lloyd’s of London insurance group Beazley fell more than 11 per cent after the company reported a sharp drop in profit for the first half of 2025. Beazley reported a profit before tax of $502.5m (£371.9m) for the six months ending 30 June 2025, down from the $728.9m reported in the first half [...]
InsurTech funding slumps despite AI demand

August 7, 2025

Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. According to the second-quarter 2025 Global InsurTech Report, a collaboration between Gallagher Re and CB Insights, global InsurTech funding declined by 16.7 per cent quarter-on-quarter [...]
LIVE: Bank of England cuts interest rates to four per cent

August 7, 2025

The Bank of England has slashed interest rates to the lowest level in more than two years at four per cent. The decision to cut rates from 4.25 per cent comes after members were told to vote for a second time after facing a split decision. It follows the Bank’s chief economist, Huw Pill, telling [...]

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By: Rupert Hargreaves

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