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 [...]
Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg September 20, 2018 Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]
Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg September 20, 2018 Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]
Over-50s holiday and insurance company Saga hires new finance boss from Zurich September 20, 2018 Saga has ended its six-month search for a chief financial officer with the hire of James Quin from Zurich. Quin, who will join on 1 January, will become Saga’s chief financial officer (CFO) and executive director. He joined Zurich in 2013 from PwC and prior to that was a managing director at Citi where he [...]
Over-50s holiday and insurance company Saga hires new finance boss from Zurich September 20, 2018 Saga has ended its six-month search for a chief financial officer with the hire of James Quin from Zurich. Quin, who will join on 1 January, will become Saga’s chief financial officer (CFO) and executive director. He joined Zurich in 2013 from PwC and prior to that was a managing director at Citi where he [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Nestle announces plans to put skin health unit up for sale September 20, 2018 Food giant Nestle today announced plans to sell or spin off its skin health business, prompting speculation the company could get rid of its €26bn stake in L’Oréal. The company said the move was part of efforts to sharpen its focus on food, beverage and nutritional health products, adding that opportunities for Nestle Skin Health were "outside [...]
Nestle announces plans to put skin health unit up for sale September 20, 2018 Food giant Nestle today announced plans to sell or spin off its skin health business, prompting speculation the company could get rid of its €26bn stake in L’Oréal. The company said the move was part of efforts to sharpen its focus on food, beverage and nutritional health products, adding that opportunities for Nestle Skin Health were "outside [...]