Direct Line rejects ‘highly opportunistic’ raised takeover offer from Ageas March 13, 2024 Direct Line has revealed that it rejected a raised takeover offer from Belgian insurer Ageas earlier this month, calling it "uncertain, unattractive" and "highly opportunistic".
Insurance chiefs back new Solvency II investment forum to help deliver £100bn in investment July 19, 2023 The heads of the UK’s major insurance firms have written in support of a new Investment Delivery Forum to help drive investment following the reforms to Solvency II. Established by the Association of British Insurers (ABI) earlier in July, the forum is designed to tackle the investment gap preventing investment from the insurance and long-term [...]
Exclusive: Zopa poised for senior hiring spree to bolster top team ahead of IPO June 6, 2023 Fintech lender Zopa has appointed a former Deutsche Bank executive to its board in the first of a series of senior appointments designed to bolster its top team ahead of an IPO, City A.M. can reveal.
Aviva estimates covid-19 impact at £160m May 21, 2020 Insurer Aviva today estimated the total payout it will have to make because of covid-19 at £160m net of reinsurance. Aviva said the estimate was based on estimated claims in business interruption insurance, other commercial lines and travel insurance. The insurer said the coronavirus pandemic “provides unprecedented uncertainty” and “may adversely impact our results”. Aviva [...]
Still “jeopardy” over CBI future, but new prez Rupert Soames says firms are re-engaging February 7, 2024 The new boss of the Confederation of British Industry (CBI) revealed that there is still some doubt as to whether the business lobby group can survive the scandal. Speaking to the BBC, the CBI’s new president Rupert Soames admitted that the organisation has to refinance its bank debt in autumn of this year. He explained [...]
Financial services still ‘old boys’ club’ where women ‘risk careers’ to report sexual harassment, MPs told January 17, 2024 Dozens of women have told MPs that the City's financial services sector remains an "old boys club" with inadequate systems for reporting sexual harassment, as part of the Treasury watchdog's investigation into sexism in the Square Mile.
City falls behind Europe as female appointments to top jobs slips dramatically January 15, 2024 City firms are facing calls for faster action on gender diversity after new figures showed the UK had slumped well behind European peers in appointing women to senior roles.
Triple lock: Pensioners could be set for inflation-busting state pension rise next April October 18, 2023 Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5 per cent – whichever is higher.
Skyscraper challenge: Hundreds of adrenaline junkies abseil and zipwire off the Cheesegrater September 10, 2023 The skyscraper challenge continues today in the City - with participants winging their way across the London skyline
Legal and General: Santander Europe boss António Simões to succeed long-time chief Sir Nigel Wilson June 15, 2023 Legal and General (L&G) has appointed Santander’s António Simões to be chief executive, who will succeed the departing Sir Nigel Wilson next year. Simões has been Santander’s European regional head since 2020, leading the bank’s operations across the UK, Spain and Portugal. Before that Simões had been at HSBC for 13 years, where he had [...]