University of Exeter’s WWII bomb insurance claim dismissed December 14, 2023 The Court of Appeal today dismissed University of Exeter appeal over damage caused to student halls after the discovery of a WWII bomb during construction work. In February 2021 contractors working across from the University’s campus discovered an unexploded WWII bomb, it was believed to have been dropped by German forces in 1942. It was [...]
Beazley forced to lower chief exec’s pay following mistake in insurer’s results March 8, 2023 Beazley was today forced to publish a correction to its balance sheet after the Financial Times spotted an embarrassing error in its annual report. In its annual results statement, insurer Beazley overstated the value of its ‘net assets per share’ in reporting them at 420.8c instead of their real value 386.7c. Beazley’s error is particularly [...]
Car insurance premiums fall in ray of light for British motorists April 2, 2024 The cost of car insurance in the UK is slowly starting to fall for the first time, signalling an end to the unprecedented surge in premium prices in recent years.
Hiring market: Insurance sector outperforms financial services in 2023 February 26, 2024 Job vacancies in the insurance sector fell less than those in the financial services market last year. According to a City A.M.’s exclusive of a report by specialist recruiters Harrison Holgate and market data analytics firm Vacancysoft, vacancies in insurance dropped by 15.1 per cent compared to the fall of 30 per cent for the [...]
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Consumers shopping for insurance deals help Moneysupermarket to record revenue February 19, 2024 "The combination of high levels of premium price inflation and the cost-of-living squeeze resulted in high levels of search traffic with consumers seeking a better deal," the company said.
FCA fires another warning shot at insurers over consumer failings August 21, 2024 The Financial Conduct Authority (FCA) has fired a warning shot at the insurance industry today amid concerns firms are flouting its stringent consumer duty rules and failing to deliver value for customers.
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?
R&Q Insurance sales to go ahead despite liquidation plans June 24, 2024 Bermuda-based insurance firm R&Q has confirmed that it filed for liquidation, but that this will not affect the sale of its program management business.
London Excel heads back to court over dispute with insurance giants June 17, 2024 London International Exhibition Centre (Excel) is back in court tomorrow as Allianz and other insurance giants look to overturn a High Court ruling in favour of the venue.