Royal London hits assets record amid pension push August 5, 2026 Royal London recorded a new record high for assets under management, as the group was buoyed by resilient market activity and an influx of pension wealth. Assets under management (AUM) climbed to £212bn, up from £199bn at the end of the last financial year, driven by positive market movements and investors taking the “Iran war [...]
L&G cheers push into private credit as profit jumps August 5, 2026 Legal & General cheered a rise in profit amid a greater push into private credit by its asset management arm. The FTSE 100 firm toasted the “continued fundraising success” across its private markets investments as it vowed to increase investment over the next two years. Total private markets assets under management (AUM) jumped by more [...]
FTSE 100 Beazley profit plunges as war roils insurance market August 5, 2026 FTSE 100 insurer Beazley said war and rising global risks were hitting the insurance market as it revealed that its profit more than halved in the first half of 2026. The insurer reported a pre-tax profit of $237.7m (£176.6m) for the first half of 2026, a 53 per cent fall from the $502.5m reported in [...]
IGI Reports Second Quarter and First Six Months of 2026 Unaudited Financial Results and Declares Ordinary Common Share Dividend August 4, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today reported financial results for the second quarter and first six months of 2026. Highlights for the second quarter and first six months of 2026 include: (in millions of U.S. Dollars, except percentages and per share information) Quarter Ended June 30, Six Months [...]
How patient can the Bank of England be? August 4, 2026 Will policymakers be forced into an unexpected rate hike? Investec Chief Economist Philip Shaw explains how energy prices, wages and inflation expectations will shape the Bank of England’s next move – and reveals what he expects to happen. The Monetary Policy Committee (MPC) kept the Bank rate at 3.75 per cent this month, in line [...]
INTX Introduces Tenet, the Industry’s First Native Intelligence Layer for the (Re)Insurance Operating System August 4, 2026 Built into the unified INTX platform from the ground up, Tenet delivers contextual intelligence across underwriting, reinsurance, policy administration, claims, accounting and financial operations.
UK founders cast doubt on Burnham’s pro-business push August 4, 2026 The majority of Britain’s top scale-up founders believe business conditions will not improve under Andy Burnham as just one in 20 entrepreneurs feel the new PM backs the private sector. New research by Helm, a membership group of over 400 scale-up founders, suggested that a substantial number of its members were pessimistic about Burnham’s premiership. [...]
Retailers hit back at Healey’s ‘profiteering’ threat August 3, 2026 Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war. Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the [...]
KKR to Acquire a 50% Stake in a Portfolio of Developed Renewable Assets from TotalEnergies Across Europe August 3, 2026 In line with its renewables business model, TotalEnergies has signed an agreement with an insurance account managed by KKR, a global leading investment firm, for the sale of a 50% stake in an already largely developed 1.2 GW onshore solar and wind asset portfolio in Europe. The portfolio’s enterprise value amounts to €1.8 billion. The [...]
Will Formula 1 need to refund sponsors for cancelled Middle East races? August 2, 2026 Anna Sowerby dissects what happens with sponsorship agreements when events, such as Formula 1 Grands Prix, are cancelled As we enjoy yet another blockbuster summer of sport, the current global landscape is a stark reminder of just how quickly situations can change and put events at risk of being cancelled. The obvious example being the [...]