It showed insurance is a tangible thing July 20, 2023 It can lead you astray,” says Rupert Moore with a chuckle as we discuss Japan’s variety of fried food options. It’s a country he knows well – Moore, now UK CEO of Reinsurance Solutions for global professional services giant Aon, worked out there for the firm for 10 years. And it’s to Japan he goes [...]
The insurers trying to get their heads around the new world of war July 20, 2023 We knew what war was. Wars used to look like people dropping bombs and people with guns,” Tom Murray tells me from the distinctly unwarlike setting of an Aon meeting room. “It was relatively easy to understand. Now we suddenly have this incredibly rapidly evolving field of cyber war – which could be a fundamental [...]
Insurance chiefs back new Solvency II investment forum to help deliver £100bn in investment July 19, 2023 The heads of the UK’s major insurance firms have written in support of a new Investment Delivery Forum to help drive investment following the reforms to Solvency II. Established by the Association of British Insurers (ABI) earlier in July, the forum is designed to tackle the investment gap preventing investment from the insurance and long-term [...]
UK car insurance costs jump 40 per cent hitting all-time high July 19, 2023 The cost of car insurance has risen to an “all-time high” with motorists shelling out a record 40 per cent more for insurance premiums than last year, new data reveals. On average, UK drivers are now paying £776 to insure their cars, up from £222 one year ago, according to Confused.com and Willis Tower Watson’s [...]
British and Irish Lions schedule: 2025 tour to Australia confirmed July 19, 2023 The British and Irish Lions will play nine matches on their tour to Australia, including a fixture against a combined Australia-New Zealand side. The iconic touring side – made up of rugby players from England, Scotland, Wales and Ireland (who play as the island of Ireland) – will face the five domestic super Rugby sides [...]
Income for richest UK households is nearly four times larger than poorest, ONS finds July 18, 2023 The richest households in Britain earn nearly four times as much as the poorest, although government tax and benefit spending has kept income inequality in check in the UK over the last year, according to official figures out today. Top earners made £83,700 last year, 3.8 times higher than the £22,300 average final income of [...]
FCA set for clampdown on ‘wild west’ of social media ‘finfluencers’ July 17, 2023 The FCA is set to target 'finfluencers' and firms flogging financial products online with illegal or misleading adverts.
Black Sea grain deal to expire Monday if Russia quits July 17, 2023 A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year will expire at the end of Monday.
Howden to sponsor British & Irish Lions shirt on 2025 Aussie tour July 13, 2023 Howden, the London-headquartered insurance group, has signed a deal to become a principal partner of the British & Irish Lions for the next four years, including the Australia tour in the summer of 2025. The insurance group, which offers broking and underwriting services across a number of brands, will become the main shirt sponsor – [...]