Profit at Lloyd’s of London surges thanks to higher interest rates and premiums March 28, 2024 The market reported an underwriting profit of £5.9bn - a £3.3bn increase on the previous year's figure of £2.6bn.
Struggling NHS is pushing people to go private, but is the UK ready for private healthcare? March 28, 2024 The private healthcare industry is booming, and with the fallout of the NHS pushing people into the private sector, there is no sign of this trend slowing down anytime soon.
Square Mile and Me: Admiral CFO Geraint Jones on heading up the FTSE 100’s only Welsh company March 28, 2024 Geraint Jones, chief financial officer at Admiral Group, takes a trip down memory lane to tell us about his career, from exercise tech to insurance.
Illiquid assets in higher demand from institutional investors March 27, 2024 The popularity of illiquid assets has spiked in recent years, and more institutional investors than ever are looking to put money in the asset class. Illiquid assets cover a range of investments that can’t be quickly and easily sold or exchanged for their market value, such as infrastructure or stock in unlisted companies. The asset [...]
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 [...]