5 Reasons Why This Year’s City Giving Day was the Best One Yet September 29, 2023 On Tuesday 26 September, The Lord Mayor and Lady Mayoress of the City of London, Alderman, Sheriffs and 570 City businesses came together for City Giving Day. Hosted by The Lord Mayor’s Appeal, the annual event unites the City to celebrate and promote the positive impact of philanthropy. Here’s 5 reasons this year’s City Giving [...]
Insurance is the city’s backbone – and it’s got people at its heart September 28, 2023 It’s been a dynamic market over the past year,” says Jack Snowden head of the global reinsurance clients team in London for Aon’s reinsurance solutions, with the look of a man who has used words other than ‘dynamic’ to describe itto friends. Over the past year or more, the reinsurance industry has embarked on an [...]
Bank of England seeks more ammunition to deal with financial instability after LDI crisis September 28, 2023 The Bank of England is in the process of designing lending tools that allow it to lend directly to insurance firms and pension funds after the near-death experience of the LDI crisis in 2022.
Bank of England lays out another round of changes to Solvency II to free up capital September 28, 2023 The Prudential Regulation Authority (PRA) has set out another round of reforms to the Solvency II regime in an attempt to unlock a wave of investment in the UK economy. The UK government set out its plans for a post-Brexit overhaul of the EU’s Solvency II rules in November last year, with a view to [...]
Saga U-turn on selling underwriting business as insurance division hit by hikes September 27, 2023 The over-50s specialist Saga has walked back plans to offload its underwriting business due to unfavourable market conditions
Donald Trump defrauded banks and insurers as he built his empire, judge rules September 27, 2023 A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling on Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others [...]
Crypto AM Summit and Awards – the nominations are in! September 25, 2023 There are only 15 days to go until the Crypto AM Summit and Awards, and all the nominations are now being weighed up by the judges.
FTSE 100 close: China concerns resurface to send London markets lower September 25, 2023 Markets opened lower on Monday as renewed concerns over the Chinese economy dented sentiment.
Aviva picks up rival’s protection business in £460m deal September 25, 2023 Insurance giant Aviva has acquired AIG's UK protection business for just shy of half a billion pounds, the firm confirmed this morning.
Reported cyber security breaches increase threefold for financial services firms September 25, 2023 Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]