Sam Torrance: World No1 Justin Rose is looking good for the Majors after underlining his class with Farmers Insurance Open win January 28, 2019 What a start to 2019 for Justin Rose. The Englishman beat a strong field to win the Farmers Insurance Open at Torrey Pines yesterday and cement his position as world No1. Starting the final round with a three-shot lead, Rose shot three bogeys in the opening five holes to really put pressure on himself. His advantage [...]
Changing industry, changing skill-set January 25, 2019 In the 1990s, the skill-set required by asset management professionals was vastly different. The investment universe consisted primarily of equities and bonds. Alternative asset classes like hedge funds and private equity were accessible only to high net worth individuals and some particularly sophisticated pension funds. Balanced managers were hired to outperform benchmarks, not produce outcomes. [...]
Ilford named as London’s most burgled postcode while Chelsea is the least at risk January 25, 2019 East London's Ilford has been named as the most targeted area in the capital for burglaries, new figures show. Analysis from over two and a half million insurance claims revealed the postcode areas in the UK and London most at risk of burglaries, as well as the safest. Henley-in-Arden in Warwickshire, on the outskirts of [...]
The Irish border shows it’s time for all sides to bend a little on Brexit January 24, 2019 During the Brexit referendum campaign it was the future of the EU's border with Turkey that got all the attention, not the UK's frontier with Ireland. Yet, as time ticks down to Brexit day on March 29, the Irish border question is dominating debate and holding up the ratification of the withdrawal agreement. Read more: [...]
Sony confirms plans to shift European headquarters to Amsterdam in Brexit move January 23, 2019 Sony has moved its European headquarters to Amsterdam to safeguard itself from possible disruption from Brexit. The Japanese tech firm confirmed the move last night. Sony said it had established a new legal entity in the Netherlands which it will merge its UK-based business into. In a statement Sony said: “In this way we can [...]
Contract enforceability the ‘elephant in the room’ in Brexit discussions says MP January 22, 2019 Uncertainty around the enforceability of contracts is the “elephant in the room” in Brexit discussions, the chair of the justice select committee said today. Speaking to City A.M., Conservative MP Bob Neill cited insurance contracts and derivatives as examples of areas where there was still a great deal of uncertainty about post-Brexit contract enforceability. EU-based firms [...]
Natural catastrophes led to more than half a trillion pounds in losses in the last two years January 22, 2019 Devastating weather catastrophes led to more than half a trillion pounds worth of economic losses in the last two years, making 2017 and 2018 the costliest back-to-back years on record. A series of devastating storms, including Hurricane Michael in the US, Typhoon Jebi in Japan and Typhoon Rumbia in China, helped drive economic losses solely [...]
Full speed ahead for motor insurers on the legal road to self-driving cars January 21, 2019 In the last twelve months alone, the government has spoken loudly about the direction in which it wants advances in self-driving cars to go. And yet, though these developments are certainly innovative, and exciting, speed bumps remain – especially for the motor insurance industry – on the road to autonomous vehicles becoming an everyday reality. [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Flawed cyber insurance policies could lead to years of litigation January 17, 2019 The majority of cyber insurance policies on the market are riddled with flaws and may not pay out in the event of a data breach or hack, according to new research. A review by insurance governance company Mactavish of dozens of off-the-shelf cyber policies identified a litany of flaws. Mactavish chief executive Bruce Hepburn said: [...]