Lloyd’s insurance appoints Lord Sedwill to council as deputy chair July 26, 2021 Lloyd’s has today announced that Mark Sedwill will join Lloyd’s council and succeed as the new senior independent director and deputy chair of the insurance marketplace. Bruce Carnegie-Brown, chairman of Lloyd’s, said of the appointment: “As one of the most respected figures in modern British diplomacy, and a former head of the UK civil service, [...]
Rishi Sunak hopes insurers could help fund social care costs September 11, 2021 Chancellor Rishi Sunak has told Treasury officials to start talks with the insurance industry over potential new products to help finance social care costs, a treasury source said, according to reports. The news follows plans set out earlier this week by the Prime Minister to raise taxes on workers, employers and some investors in an [...]
Belgians tap up Chinese ahead of possible third bid for Direct Line March 17, 2024 The boss of Belgian insurer Ageas is reportedly flying to China to meet its largest shareholder amid speculation he is trying to gather support to raise its £3.2bn takeover offer for Direct Line after being rebuffed twice.
Loyalty penalty on home and motor insurance to be scrapped May 28, 2021 Renewal quotes for home and motor insurance customers will soon not be more expensive than they would be for new customers, in a bid to tackle loyalty penalties in the insurance sector. Millions of home and motor insurance customers lose out if they renew repeatedly with their current providers, according to the city regulator. In [...]
Boris Johnson expected to breach manifesto national insurance and triple lock pledges September 4, 2021 Prime minister Boris Johnson is expected to breach two key Tory manifesto pledges next week, according to reports. Johnson is set to hike national insurance and limit the rate of uplifts to millions of pensioners’ state pensions, The Times reports. The NI increase is expected to be one percentage point and estimated to raise £13bn. [...]
Dead cash: Over £230bn in millions of UK life insurance policies at risk of going unclaimed November 11, 2021 Over £230bn worth of life insurance policies is at risk of going unclaimed in the UK, according to new data shared with City A.M. this morning. Millions of widows and widowers or child beneficiaries could be missing out on billions in life insurance payouts, as nearly one fifth (18 per cent) of Brits had not told their [...]
Watch live: HS2 rebellion activists scale the Marsh insurer building September 2, 2021 Activists from an Extinction Rebellion offshoot group have today scaled a building in London to protest against HS2. Police could be seen circling the Marsh insurer’s building in London as HS2 Rebellion protestors scaled and occupied the exterior. A Marsh and McLennan owned company, JLT Speciality Group, is the main insurer for the HS2 project, [...]
London in need of affordable housing to power recovery, say insurers July 13, 2021 London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today. The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England. Nigel [...]
National Insurance rise may ‘choke off’ investment and recruitment, business leaders warn September 20, 2021 Manufacturers are reporting an increase in business growth but warn the planned rise in National Insurance threatens to “choke off” investment and recruitment. Domestic and export orders have increased in recent months with increased optimism for the year ahead, according to manufacturers’ organisation Make UK. Manufacturing growth is now forecast to be 7.1 per cent [...]
Pension giants back plans for £75bn private investment bonanza July 10, 2023 The country’s top pension and insurance giants have today thrown their weight behind a package of government reform that will aim to unleash a £75bn wave of capital into Britain’s private companies.