FCA warns insurers to stop undervaluing cars when settling claims March 27, 2024 The Financial Conduct Authority (FCA) has issued a fresh warning that some insurance firms may be undervaluing written-off or stolen vehicles when settling claims.
Old Mutual profit surges 35 per cent as African insurer grows March 27, 2024 Pan-African financial services group Old Mutual have seen profits surge 35 per cent last year due to “exceptional sales growth”. The London-listed group, which is Africa’s largest insurer by assets, revealed that profits totalled 7.1bn rand (£295m) throughout 2023, Chief exec Iain Williamson said the group’s success was underpinned by “exceptional sales growth”, with gross written premiums climbing 14 [...]
China’s cyber-attacks are democratic threat and business opportunity March 26, 2024 How you doing, my old China? That was certainly the tone of the UK’s attitude towards Sino-British relations when the current foreign secretary, David Cameron, was Prime Minister. He even took a confused-looking Xi Jinping for a pint in the Cotswolds. As yesterday’s parliamentary announcements made clear, things have changed. China’s cyber attack on the [...]
Under 20 per cent of Tory 2019 voters expect to benefit from Spring Budget – poll March 25, 2024 Less than 20 per cent of Conservative 2019 voters expect to be better off thanks to the Spring Budget, a new poll has found.
What’s next for Direct Line after Ageas abandons takeover attempt? March 25, 2024 Direct Line's chief executive Adam Winslow has only been in the job for three weeks but is already making a strong impression.
NHS crisis driving surge in UK private health admissions to more than 900,000 March 25, 2024 The private health services is expected to see over 900,000 private admissions in 2024, as the surge in demand for the private healthcare continues as the crisis in the NHS battles on. According to an independent consultancy Broadstone, admissions using private medical insurance increased to 458,000 for the first three quarters of the year, an [...]
Hunt confirms Tory commitment to pensions triple lock March 24, 2024 Chancellor Jeremy Hunt confirmed today that the pensions triple lock will be renewed if the Conservatives win the next election.
Mansion House reforms could deliver ‘huge benefit’ to UK, says pensions giant finance chief March 22, 2024 "If the rules and regulations allow us to change that that could be a huge benefit. What we're working on, is how do we actually facilitate and make this happen?"
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Asset manager M&G tops City expectations as firm remains ‘on track’ for its 2025 targets March 21, 2024 "M&G has performed very well in 2023," Andrea Rossi, the firm's chief executive said.