PPI scandal turning ‘portions of Britain into fraudsters’, Barclays boss claims September 23, 2018 The PPI scandal has turned “portions of Britain” into fraudsters, Barclays chairman John McFarlane has claimed. McFarlane, said it was “inconceivable” that all the payment protection insurance mis-selling claims that had helped fuel a “flat-screen television” buying spree were genuine. He also accused the government of being complicit in the weakening of the banks by [...]
Natural disasters halve Lloyd’s of London profits September 21, 2018 Pre-tax profits at Lloyd's of London have halved in the first half of 2018 as the insurance firm struggled under the weight of a series of natural disasters. The figures Profits dropped by 50 per cent to £0.6bn, compared with £1.2bn in the same period the previous year. For the first six months of the [...]
Natural disasters halve Lloyd’s of London profits September 21, 2018 Pre-tax profits at Lloyd's of London have halved in the first half of 2018 as the insurance firm struggled under the weight of a series of natural disasters. The figures Profits dropped by 50 per cent to £0.6bn, compared with £1.2bn in the same period the previous year. For the first six months of the [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
Insurance giant makes a £4.3bn bet on the future of Brexit Britain, Uni-leaving doesn’t make sense, and Macron’s not one to mince words September 21, 2018 The news that US insurance giant Marsh and McLennan has swooped on British rival Jardine Lloyd Thompson in a shock £4.3bn move sparked a lot of City chatter about the future of the sector. Will other US firms look to snap up UK rivals as they eye expansion? As one Lloyd’s veteran put it [...]
Insurance giant makes a £4.3bn bet on the future of Brexit Britain, Uni-leaving doesn’t make sense, and Macron’s not one to mince words September 21, 2018 The news that US insurance giant Marsh and McLennan has swooped on British rival Jardine Lloyd Thompson in a shock £4.3bn move sparked a lot of City chatter about the future of the sector. Will other US firms look to snap up UK rivals as they eye expansion? As one Lloyd’s veteran put it [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
Rothesay Life the frontrunner to acquire £900m Government mortgage portfolio September 20, 2018 British insurance giant Rothesay Life is the frontrunner to acquire a £900m mortgage portfolio from the Government, it has been reported. Rothesay will buy the equity release mortgages from UK Asset Resolution (UKAR), according to Sky News. Read more: What effect did the financial crash have on UK property? The news comes six months after Rothesay Life acquired [...]