Aviva ‘immoral’ as row over defence company investment hots up November 6, 2023 Defence secretary Grant Shapps has warned insurance giant Aviva against 'immorally' divesting from defence companies.
Russian oil: UK and European states set to launch plan to target ‘shadow fleets’ July 16, 2024 Prime Minister Keir Starmer is set to launch a "call to action" to the private sector - including insurers - over the use of shadow fleets carrying Russian oil
High flying insurance duo plan £150m SPAC IPO on London Stock Exchange March 31, 2022 Insurance industry veterans Will Allen and Andy Rear are planning to raise £150m through the launch of a new special purpose acquisition company (SPAC) in the coming days. The prominent duo plan to list a shell company called FINSAC on the London Stock Exchange (LSE) with a view merging with a leading name insurance technology [...]
Major UK insurers call on government to extend pension auto-enrollment to young workers March 4, 2022 A group of major British insurance firms and pension funds have called on the government to extend the UK’s pension auto-enrollment terms to include young and low-wage workers. The group sent a letter to Rishi Sunak yesterday to call on the government to “level up pensions for everyone” by abolishing the “lower earnings limit and [...]
New UK sanctions: Russian aviation and space industry blocked from insurance market March 3, 2022 The UK government has imposed fresh sanctions targeting Russia’s aviation and space industry, meaning that businesses cannot access the UK insurance sector. The measures, hauled in in response to Russia’s invasion of Ukraine, will “severely limit” access to the global insurance and reinsurance market, the UK government announced today. The European Union (EU) is expected [...]
Sunak recommits to April National Insurance rise amid cabinet jitters January 6, 2022 Rishi Sunak has today recommitted to April’s National Insurance rise, after it was reported that he faced cabinet backlash over the measure this week. Sunak said today the tax rise is needed to deal with “an unprecedented level of backlogs within the NHS”, after it was reported that House of Commons leader Jacob Rees-Mogg called [...]
Prudential hikes dividend thanks to profit growth following ‘relentless focus’ on new strategy March 20, 2024 The Asia-focused insurer announced a second dividend of 14.21 cents per share, making a full year dividend of 20.47 cents.
Hong Kong life insurance market value to exceed £73bn in next four years March 28, 2022 Hong Kong’s life insurance market value has been pegged to soar over the next few years, driven by the pandemic-era trend to get one’s affairs in order. The industry is forecast to grow at a compound annual growth rate of 6.6 per cent, and more than five per cent over the 2022. Analysts at GlobalData [...]
Election 2024: Labour to rule out tax rises in ‘iron-clad’ manifesto pledge June 9, 2024 Labour’s manifesto will contain an “iron-clad commitment” to rule out increases to national insurance, income tax or VAT, Rachel Reeves has revealed.
Beazley kicks off buyback after profit hits a record March 7, 2024 Insurance firm Beazley has kicked off a $325m share buyback today after notching record profits over the past year.