Aviva’s growth continues thanks to higher prices and workplace pension flows May 23, 2024 Aviva has continued to see strong growth and high demand for its key products.
Live events: UK to launch pilot insurance scheme as part of sport and culture reopening April 14, 2021 Live events: UK to launch pilot insurance scheme as part of sport and culture reopening
Lloyd’s Lab Central Fund boosts tech firms Axio and REOR20 February 12, 2024 Lloyd’s of London has named the two companies receiving the first investments from its Central Fund private markets allocation.
Supreme Court decision in the FCA Test Case on BI insurance – what does this mean for SMEs? April 21, 2021 The Supreme Court decision in the FCA Test Case on BI insurance has been widely publicised as a resounding success for businesses. Recently published data collated by the FCA, however, shows that as of 13 April 2021 only 39% of the 35,438 policyholders whose Covid-19 Business Interruption (BI) insurance claims have now been accepted by [...]
Moneysupermarket profit drops as demand for travel insurance and credit products falls February 18, 2021 Moneysupermarket, the financial services price-comparison platform, suffered a fall in profit and revenue last year as lockdown restrictions caused a drop in demand for insurance and credit products. Moneysupermarket, which also owns the advice website Moneysavingexpert, said profit after tax fell 27 per cent from £94.9m in 2019 to £69.3m last year. Group revenue was [...]
Direct Line profit slumps as major costs hit home insurance division March 8, 2021 Direct Line saw profit drop in 2020 as weather-related costs in its home insurance line offset a strong performance in its motor business. The firm said operating profit fell 4.5 per cent to £522m, while pre-tax profit plummeted 11.4 per cent to £451m. Weather costs increased to £43m from £6m in 2019, while gross written [...]
Ondo Insurtech partners with NFU Mutual to expand leak claims offering September 3, 2024 Ondo Insurtech has struck a deal with the National Farmers Union Mutual to introduce its LeakBot technology to its members.
Hiscox sets aside £32m to weather impact of war in Ukraine May 5, 2022 Insurance giant Hiscox has ring fenced $40m to weather expected losses from the war in Ukraine, as it quantifies the hit of the conflict for the first time.
The Notebook: What a house fire can teach the FCA about consumer duty breaches May 1, 2024 Lucy McNulty takes the Notebook pen to discuss the consumer duty, John Lewis' new interview process and a podcast recommendation.
Lloyds to sell £6bn of Scottish Widows bulk annuities to Rothesay March 13, 2024 After the transfer, policyholders included in the sale will begin to receive benefits normally.