Patents for driverless car technology rise as makers try to avoid litigation July 4, 2022 Patents for automotive wireless technology submitted by car makers have jumped by 4.9 per cent in the last year, according to research published today. Figures from intellectual property law firm Mathys & Squire went up from 945 in 2020 to 991 – a threefold increase on 2016 levels. According to Mathys & Squire, the reason [...]
New faces join City’s Aaro Capital June 30, 2022 Crypto asset investment specialist Aaro Capital has appointed three senior executives to its London office.
AXA UK Chairman Scott Wheway steps down with Mark Pain appointed June 30, 2022 AXA UK plc announced that Chairman of the Board Scott Wheway is stepping down today. Non-Executive Director Mark Pain will serve as Chairman from tomorrow. Wheway was appointed as Chairman in December 2017 while Pain was appointed to the Board in December 2018. He is Chairman of the Risk Committee and Senior Independent Director Wheway said [...]
Insurance giant Axa calls for clarity on self-driving cars June 16, 2022 French insurer Axa has called on the government to offer greater clarity around autonomous vehicles to support the rollout of self-driving cars. The French insurance firm called on the government to put in place laws that enable the deployment of self-driving vehicles, as it said lawmakers should work with the insurance sector to “pave the [...]
City Moves: Who’s switching jobs in the Square Mile? June 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Cromwell Real estate investor and fund manager Cromwell Property Group has hired an abrdn veteran as its new head of investment management for Europe. Having spent a decade at abrdn, Andrew Creighton is set to oversee all [...]
Social care startup sets ‘broken system’ in sights after £28.5m cash injection June 1, 2022 London-based social care startup Florence said it is looking to solve the issues of the “broken” care system today after securing a £28.5m cash injection.
Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling May 17, 2022 A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]
Aviva chief Amanda Blanc speaks out against City sexism following ‘inappropriate’ comments at AGM May 11, 2022 Aviva chief Amanda Blanc has spoken out against sexism in the City, after she was subjected to a barrage of “sexist and derogatory” comments at Aviva’s annual general meeting (AGM). The insurance industry veteran said she had observed an increase in incidents of overt sexism during her 30+ years in the financial services sector, as [...]
US oil giant Chevron backs London cleantech firm in $150m funding round May 11, 2022 US oil giant Chevron has thrown its weight behind London cleantech firm Carbon Clean today in a $150m funding injection - the largest ever equity round for a ‘point of emission’ carbon capture company.
Cost of Ukraine crisis akin to ‘mid-sized natural catastrophe,’ Axa finance chief says May 9, 2022 French insurance giant Axa has said it expects the costs it will incur the Ukraine crisis will be similar to the financial hit posed by a “mid-sized natural catastrophe”. Speaking to reporters, Axa chief financial officer Alban de Mailly Nesle said: “We currently expect the net underwriting losses from the crisis to be akin to [...]