December’s deep freeze: Cost of living crisis leaves Aviva with a £50m bill for burst pipes and water tanks January 25, 2023 Aviva said last December’s freezing weather meant it had to pay out £50m to policyholders claiming for damage caused by burst pipes and water tanks. An Aviva spokesperson told City A.M. said soaring energy costs had led to more frozen pipes because households were more reluctance to turn on the heating, leading to more extremes [...]
Zego eyes up European insurance market as it rolls out expansion plans January 19, 2022 Zego has announced plans to expand into the Netherlands and ramp up its operations in France as it looks to take on a bigger slice of the European insurance market.
The Isle of Man and the City of London are linked by a shared financial future June 23, 2023 It might look like the Isle of Man and the City of London have nothing in common, but mutual financial cooperation is actually the way forward so that the whole country can benefit, writes Michael Crowe
Tech Week Day Five: The UK has an opportunity to walk an international path on tech June 16, 2023 As the tenth anniversary of London Tech Week draws to a close – with a fair few exciting fringe events still taking place across the capital today – it’s time draw conclusions from an extraordinary week for London and UK tech. From the prime minister and the mayor of London’s opening keynotes on Monday, to the AI Summit at Tobacco [...]
As households cut spending, the big beasts of insurance need to get up to speed October 7, 2022 When the economy is fragile, sectors must adapt. This is a truism repeated again and again because it is the nature of financial growth and innovation. As household budgets shrink, customers are shopping around for better deals – for food, for bills and almost all other outgoings. Insurance is no exception, though it is unique [...]
Ones to watch: UK home to nearly a quarter of Europe’s prospective unicorns March 17, 2022 The UK is home to nearly a quarter of Europe’s prospective unicorns for this year, according to research shared exclusively with City A.M. today. Firms such as Hammersmith-based moving company AnyVan, verification software firm Onfido and apprenticeships group Multiverse have been marked as ‘ones to watch’ by investment firm GP Bullhound and Viva Technology. Outside [...]
Collective raises £6m with Silicon Valley NFX, amid growing demands for gig worker benefits July 14, 2021 Collection Benefits, a UK insurance tech startup, have raised £6m in a round led by a Silicon Valley venture fund, as the demand for insurance and benefits in the gig economy continues. The year-old insurance provider also announced the appointment of Pete Flint OBE, the co-founder of Lastminute.com and a general partner at NFX, as [...]
London toasts Europe’s top talent at ‘Oscars of Tech’ October 7, 2022 Europe’s leading investors and technology entrepreneurs gathered in London’s Hilton Park Lane last night, Thursday 6 October in celebration of the 20th annual GP Bullhound Investor Allstars. Dubbed the ‘Oscars of the tech world’, Investor Allstars is one of the leading events celebrating the very best of Europe’s vibrant tech industry, shining a light on [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 24, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Howard Kennedy London law firm Howard Kennedy has bolstered its contentious trusts and estates team with a new partner. Strengthening the firm’s private wealth offering, Monika Byrska joins from Thomson Snell & Passmore where she was a [...]
London startup Zego gains first ever licence for UK insurtech November 12, 2019 An insurance startup aimed at the gig economy today said it is the first insurtech firm in the UK to secure an insurance licence. Zego, which offers flexible insurance to freelance workers such as drivers for Uber or riders for Deliveroo, said it was awarded the licence by the Gibraltarian regulator. Chief executive Sten Saar [...]