In the money: Moneysupermarket.com revenue swells amid travel return October 18, 2022 Price comparison platform Moneysupermarket.com has continued to see buoyant revenue after the return of summer holidays and business travel. In quarterly results on Tuesday, Moneysupermarket said recent performance had exceeded expectations and its full-year EBITDA would sit “towards the upper end of market expectations”. The London-listed company celebrated revenue of £101.9m, up one third, for [...]
AI in insurance needs to be safe and fair October 1, 2022 Charles Kerrigan and Emre Kasim take a look at the complexities of AI insurance legislation and the use of algorithms and datasets.
Lord Rothermere to become new chief of Daily Mail publisher following privatisation push September 22, 2022 Lord Rothermere is set take over as chief executive of the Daily Mail publisher in what appears to be the crescendo of the media group’s tumultous few years. Paul Zwillenberg confirmed this morning that he would be stepping down as CEO of Daily Mail and General Trust (DMGT), with the great-grandson of the newspaper’s founder [...]
Soaring inflation risks creating UK property ‘insurance gap’ August 25, 2022 SOARING inflation in the construction sector threatens to create a major “insurance gap” amongst UK policyholders, London headquartered insurer Chaucer has warned. Sharp increases in the costs of building materials could leave homes and businesses underinsured, as policies fail to cover the cost of repairing and rebuilding damaged properties, research carried out by the Lloyd’s of [...]
Opinion-in-brief: Leave cyclists out of your culture wars August 18, 2022 This government is a small state government, Conservatives tell us. People don’t like it when politicians intrude too much in their life choices, they say. Yet Transport Secretary Grant Shapps thinks there’s one area where it is worth intervening: the dangerous, unruly lycra-clad cyclist community. He called for speed limits in residential areas, and insurance [...]
Insurers grapple with transition to a greener world August 10, 2022 Last week, a coalition of thirteen of the UK’s major insurers vowed to cut their supply chain emissions as part of the Sustainable Markets Initiative’s (SMI’s) sustainable supply chain pledge. In signing the SMI pledge, the 13 insurers and brokers – including Axa, Phoenix, Lloyd’s, and Direct Line – vowed to work with their suppliers [...]
UK and South Korea to cooperate in space amid growing militarisation July 17, 2022 The UK and South Korea have agreed to cooperate in space, signalling continued steps towards forging a global framework for peaceful and sustainable activity in Earth’s orbit. The deal will see both countries share space-related discoveries, operational knowledge, training and personnel exchanges, as space becomes increasingly commercialised and militarised. “Space is critical to our security, [...]
Exclusive: Labour eyes up reform to ‘prescriptive’ EU finance rules July 13, 2022 Shadow city minister Tulip Siddiq said she would look to overhaul “prescriptive” EU-era regulation in financial services today as the Labour party mounts an offensive to try and win over the City.
‘Greed is good’: Radwood retro car show to celebrate the 1980s July 12, 2022 Taking place at Bicester Heritage on 20 August 2022, the Radwood show encourages drivers to dress in retro clothes to match their cars.
Rail union bosses who called for biggest train strike in 25 years take home £280,000 in pay and perks July 12, 2022 With the transport unions having voted on the ‘biggest rail strike in 25 years’, it has been revealed that two Aslef trade union bosses had a combined total remuneration of £281,601 in 2021. Aslef’s general secretary, Mick Whelan, took home £151,371 in total remuneration in 2021. While Aslef’s Assistant General Secretary, Simon Weller, received £130,230 in the same year, the TaxPayers’ Alliance said [...]