Phoenix Group discontinues Sunlife sale as firm reports profit boost September 16, 2024 Sunlife is a major provider of financial protection products, including life insurance, directly to Britons aged over 50.
Hong Kong insurer becomes first in Asia to open up coverage to NFTs April 24, 2022 A Hong Kong insurance firm has opened up its coverage to NFTs – becoming the first insurer in Asia to offer such a service – as the city wrestles with its pandemic-induced “isolated status”. OneDegree, one of four virtual insurers in the global financial hub, has entered a three-year partnership with German reinsurer Munich Re [...]
Government’s plans for Solvency II shakeup will force insurers to hold more capital on their books, sector warns July 21, 2022 Insurers have called on the UK government to reconsider their plans to shake up the Solvency II rules that govern the country’s insurance sector, after warning the current plans could backfire. The government’s current plans to reform the European Union’s Solvency II regulations could see life insurers forced to hold more capital than they are [...]
P&O could face bankruptcy following insurance increase, analysts warn April 19, 2022 P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar. The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its [...]
Private healthcare admissions rocket as search for solution to NHS backlog grows June 10, 2024 Private health admissions using insurance has rocketed in the UK, as it may hold the key to reducing NHS backlog
Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling May 17, 2022 A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]
Britain goes private: Record use of paid-for healthcare amid NHS chaos September 13, 2023 The expansion came mainly from insured plans, around 80 per cent of which are company-paid. Insured treatments climbed to 156,000 in the quarter, up from 149,000 at the end of last year.
Leadenhall Market: Security ‘fully briefed’ on eco-activists plan to hassle Thursday drinkers February 28, 2024 Extinction Rebellion protesters brought chaos to the Square Mile yesterday, blockading a host of insurance industry buildings.
Competition watchdog: Nationwide PPI failures were due to how ‘systems were set up’ May 16, 2024 The competition regulator has written to Nationwide after it was revealed it provided incorrect information to payment protection insurance customers
Google in talks to participate in Lloyd’s of London captive syndicates February 12, 2024 US tech giant Google is reportedly in talks to participate in the City's insurance and reinsurance market via a captive.