Forget second jobs, ministers should do start with the grunt work of their first ones November 9, 2021 In a storm of sleaze allegations, it was an unfortunate day for Sir Geoffrey Cox to publish details of his £400,000 a year job at Withers LLP. For the pleasure of being paid almost half a million pounds, he offers “international legal services”. Sir Geoffrey, is, after all, a QC. To borrow a lawyer’s phrase, [...]
Climate change: How insurance and analytics can help to increase global resilience November 9, 2021 Climate change is set to touch every part of our lives – from the food we eat to how we heat our homes. But it’s also going to have a transformative effect on businesses, perhaps no more so than within the insurance industry. With climate change creating more extreme weather events, the world is becoming [...]
Billionaire entrepreneurs like Bezos and Musk are changing the economics of space November 9, 2021 Billionaire entrepreneurs using their wealth to launch successful space companies has made the sector far more accessible to smaller start-ups. The reliability of the space launches from the likes of Richard Branson, Jeff Bezos and Elon Musk, due in part to their vast financial backing, has dragged down insurance prices for smaller firms in the [...]
AON November 8, 2021 As firms navigate new forms of volatility such as climate change, Aon is committed to protecting and enriching the lives of people across the world. At COP26, our goal is to mobilize private sector capital and drive collaboration with governments, academia, communities and businesses to deliver compelling solutions. COP26COP26 is a seminal moment in history [...]
Climate change and the humble auditor – CityAM : CityAM November 8, 2021 The relevance of climate change to world leaders, Royals, activists, Leonardo DiCaprio, chief execs and both former, and current central bank heads, is largely understood, by their presence at Cop26, to be of paramount importance. But what on earth auditors have to do with climate change, is rather more perplexing. One explanation is that audit [...]
Providing certainty in an uncertain world November 5, 2021 “I think it’s the best unpaid job in the industry,” says Aon’s Dominic Christian of his side-hustle: Chair of ClimateWise, the cross-firm body which has dedicated itself to delivering a more sustainable insurance industry that delivers for customers and firms alike. It’s no surprise that Dominic is speaking to us on his way to Cop-26 [...]
Firms hike pay at record print to lure workers amid labour squeeze November 5, 2021 Businesses are being forced to hike pay at the fastest pace on record to lure talent amid severe worker shortages. Hot competition for fresh staff, compounded by a paucity of available candidates, has led to employers raising starting salaries at the steepest rate since records began, research by KPMG and the Recruitment and Employment and [...]
Beazley gross premiums soar above expectations to £2.4bn November 5, 2021 Insurer Beazley has reported high-than-expected gross written premiums of $3.3bn (£2.4bn), driven by their cyber & executive risk and specialty lines divisions. Gross written premiums rose by 29 per cent for the nine months ended 30 September compared to last year, the insurance company announced in a trading statement today. Underwriting action since last October, [...]
Wimbledon looks to stay top of tennis tree with Wimbledon Park development November 4, 2021 THIS is the benefit of having plenty of pairs of shoes in the office,” says Justin Smith as he bounds off up a muddy pathway through Wimbledon Park Golf Club. I, staring at my recently polished City loafers, am less enthusiastic in my stroll, but one gets the sense matching the tiggerish Justin’s enthusiasm on [...]
Financial services in the game, but can’t play alone November 3, 2021 In this the first of a series of reports on the finance sector and greener economies, leading UK based financial and investment experts discuss the vital role the sector can play and the changes needed here and abroad to set it free. Given that the drive to net zero is the planet’s ‘fierce urgency of [...]