Insurer Aspen eyeing up New York for potential $4bn float December 3, 2023 Insurer Aspen is eyeing up a listing in New York even though the majority of its operations are in the UK, according to a report, due to concerns around UK valuations and stricter listing requirements. Were it to go ahead with a US listing, the $4bn (£3.15bn) initial public offering (IPO), expected next year, would deal a [...]
Aon hits insurance rival Howden with lawsuit a month after another settlement November 30, 2023 Insurance broker Howden Group Holdings has been hit with a new lawsuit by Aon, one month after the former settled its other claim. The new claim was filed to the English High Court this week by insurance giant Aon and its subsidiaries Aon UK and Aon Brasil. The lawsuit targeted Howden along with 11 other [...]
Mark Kleinman: Telling Sid is a risk for Hunt’s Natwest sale November 30, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Hunt hits back at claims his tax cuts rest on a ‘fiscal fiction’ November 30, 2023 "The way that we fund our public services over the medium is by having a healthy growing economy," Hunt said.
The City set to be hit hardest by AI, finds department of education November 29, 2023 The City of London is the most likely place to be hit by AI disruption, a new government report has revealed.
Charlie Munger, Buffett pal and investment legend, dies aged 99 November 29, 2023 Charlie Munger passed away aged 99, leaving a huge hole in the investment community
Bermuda to London: Hunt plots move to supercharge London insurance market November 29, 2023 The Chancellor, Jeremy Hunt, announced in his Autumn Statement that the Government plans to consult on a new framework to encourage the establishment of captive insurance companies in the UK.
Government ‘does not have any spending plans’ after March 2025, OBR chief says November 28, 2023 MPs scrutinised the OBR after its latest round of forecasts.
Babcock: British defence giant awarded £120m submarine deal supporting 250 jobs November 28, 2023 Since the Russian invasion of Ukraine, and more recently, the Israeli war with Hamas in Gaza, defence firms like Babcock have seen their order books increase
Saga picks former Co-op exec as new chief in bid to turn fortunes around November 28, 2023 Over-50s specialist insurer Saga has announced that chief financial officer Mike Hazell will replace Euan Sutherland as chief executive effective immediately. Hazell was CFO at The Co-op Group before joining Saga in October and had previously been with Debenhams for almost 12 years. Mark Watkins will replace Hazell as CFO So-called claims inflation of around [...]