LV to launch fresh charm offensive to get £530m Bain takeover approved November 21, 2021 Insurance mutual LV is this week expected to stage a fresh charm offensive for member-owners to talk up the benefits of a £530m bid from US private equity firm Bain. The takeover for the mutual formerly known as Liverpool Victoria has come into the spotlight after members balked at the prospect of just a £100 payment [...]
Deutsche Bank nominates Alexander Wynaendts as next chairman November 21, 2021 Deutsche Bank’s board will nominate Alexander Wynaendts as the new chairman at the bank’s annual general meeting in May 2022. If elected, Wynaendts will replace Paul Achleitner, who served as chairman for 10 years and decided not to run for re-election. “It is a great honour to have been nominated by Deutsche Bank as a [...]
London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
Willis Towers licks wounds of failed mega-merger with a board shakeup November 18, 2021 Willis Towers Watson has appointed four new directors, as the company tries to move forward after a failed mega-deal with Aon earlier this year.
EV premiums tumble by £97, research says November 18, 2021 Insurance rates for electric vehicles (EV) have gone down by £97, from £753 to £656, while premiums for petrol and diesel slumped by £82 to £622 in the third quarter of 2021. Research from price comparison website Comparethemarket has revealed that, despite the decline, the average annual insurance for EV is still £33 more expensive [...]
After 12 years: PwC likely to be replaced by EY as Aviva auditor November 18, 2021 Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
The Great British Buzz: 157 per cent surge in baking businesses following hit show November 18, 2021 Ahead of The Great British Bake Off final next week, business insurer Simply Business has revealed there was a 157 per cent increase in home baking businesses across the UK between 2019 and 2020.
Business secretary Kwasi Kwarteng tells LV= to reveal fees from £530m Bain takeover November 17, 2021 Mutual insurer Liverpool Victoria (LV=) has been urged by the business secretary to disclose how much City firms will take home from the £530m proposed takeover by US private equity firm Bain Capital, amid increasing scrutiny from members. In parliament yesterday Kwasi Kwarteng said “transparent data” should be provided for LV= customers about how much [...]
Cudos and Tingo join forces to unleash potential of $90 million in passive income November 17, 2021 Mobile fintech pioneers Tingo and blockchain oracle network Cudos have just announced a massive partnership as a mission to tackle poverty through monetising mobile phone applications.
Murray Parish Trust teams up with Coinpass as crypto exchange partner November 17, 2021 The Murray Parish Trust has partnered with coinpass.com as its crypto exchange strategic partner.