Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
Court rejects appeal in data privacy class action against Google December 12, 2024 A court has rejected an appeal against a decision to throw out a data privacy class action against Google and its AI subsidiary, DeepMind
Bank of London shakes up UK board in investor-led recovery plan December 5, 2024 The Bank of London has appointed four new directors to its UK bank board and replaced its chair as the troubled fintech ‘unicorn’ looks to recover from a string of setbacks in recent months. The lossmaking start-up, which has faced heavy scrutiny over its governance and finances, said on Thursday that Metro Bank director Catherine [...]
Barclays, Natwest and Revolut: Top bankers chew the fat at City summit December 3, 2024 Executives, investors and even royalty turned out for the first day of Financial Times’ annual Global Banking Summit in London on Tuesday.
Revolut boss says London IPO is ‘not rational’ December 3, 2024 Revolut’s chief executive Nik Storonsky has said it is “not rational” for Europe’s most valuable fintech start-up to publicly list in London, dealing a blow the new government’s plans to boost the stock market. Storonsky said the London-based banking company would consider a public debut “sooner or later” to raise cash and return money to [...]
Direct Line shares surge after £3.3bn Aviva takeover approach November 28, 2024 Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Data and talent drive the insurance sector November 27, 2024 Aon’s Jason Noronha explains how the company uses data to gain an edge over competitors. Aon has grown to become one of the world’s foremost insurance institutions, but the company cannot rest on its laurels. Technology is increasingly shaping the direction of the industry, helping companies streamline their operations while enhancing the proposition for customers. [...]
The Notebook: A British DOGE? It’s more likely than you think November 25, 2024 Will Britain follow Musk's example and set up its own DOGE? It wouldn't be the first try, writes Richard Morgan Evans in today's Notebook.
Maersk: Shipping giant to relocate from Felixstowe to London Gateway November 20, 2024 Container shipping giant Maersk is to relocate from the Port of Felixstowe to London Gateway following a strategic review of its Asia to Europe services. The Danish firm said the London hub, which carries more than a quarter of the UK’s deep sea shipping cargo, was the “most optimal port” to serve its import and [...]
MS Amlin: Lloyd’s syndicate reports triple-digit growth in insurance service November 19, 2024 MS Amlin’s Lloyd’s syndicate reported an large jump in profits from underwriting from its insurance services, as partner group revises its full-year outlook