AXA IM bets big on metaverse with launch of dedicated fund April 12, 2022 AXA Investment Managers (AXA IM) has launched a metaverse fund to invest in companies exploring virtual reality.
London lawyers expect boom in legal disputes on the back of Brexit and Covid-19 April 11, 2022 London litigators are readying themselves for a new wave of litigation lawsuits on the back of Brexit and Covid-19. In a survey carried out by the London Solicitors Litigation Association (LSLA), 84 per cent of lawyers polled said they expect a surge in the number of Covid related contractual disputes. Another 70 per cent of [...]
Axa vows not to appeal ruling over Corbin & King’s £4.4m claim for Covid linked losses April 3, 2022 Axa has said it will not appeal a High Court ruling ordering it to pay out £4.36m to high end restaurateur Corbin & King, after the firm was forced to close its restaurants during the pandemic. The French insurer said it would not appeal the February decision after it initially refused to pay the restaurant [...]
Aviva chief Amanda Blanc to sit alongside Sir David Attenborough as ambassador for WWF March 31, 2022 Aviva chief executive Amanda Blanc is set to join a group of high-profile environmentalists in becoming an ambassador for nature charity WWF. In taking up her new position, the Aviva chief will sit alongside Sir David Attenborough and other prominent figures on WWF’s Council of Ambassadors. The insurance exec’s new role as ambassador will see [...]
Canary Wharf to host Europe’s largest commercial lab under new deal March 30, 2022 Canary Wharf is anticipated to host the largest commercial wet lab in Europe, as part of a investment partnership unveiled today. The Canary Wharf Group and Kadans Science Partner have announced a joint venture today to develop the 750,000 square foot life-science focussed hub. While no figure has yet been put on the investment, City [...]
Ørsted sells 50 per cent stake in world’s largest offshore wind farm for £3bn March 29, 2022 Ørsted has offloaded a 50 per cent stake in the world's largest offshore wind farm for £3bn to AXA IM Alts and Crédit Agricole.
Investment giants set out global standard for climate lobbying March 14, 2022 A group of investment giants have ramped up pressure on boardrooms to increase transparency on climate lobbying today, laying out an action plan that bosses will have to stick to or risk having shareholders vote on their decisions.
UK underwriting vacancies hit record highs in 2021 as insurers sought to revisit policies March 14, 2022 The number of vacancies for underwriting positions hit all-time highs in 2021, following a surge in hiring last year, as insurers sought to protect themselves against the potential for ruinous “black swan” events in the wake of the global pandemic. All in all, a record 2,100 underwriting vacancies were advertised last year, according to new [...]
Top finance firms call for transparency on environmental performance March 14, 2022 A group of the world’s top financial firms with more than $130tn in assets have called on businesses to reveal data on their environmental performance, as global governments prepare to push for more transparency on sustainability.
Axa must pay £4.4m Covid insurance claim to high-end restauranter Corbin & King, High Court says February 25, 2022 High end restaurant business Corbin & King, which owns restaurants across London, including Colbert in Sloane Square and The Wolseley in Mayfair, has won a £4.4m case against insurance giant Axa, after the insurer refused to cover losses incurred by the restauranter during Covid-19. The case comes after Axa said it would not pay Corbin [...]