Blow for Jeremy Hunt’s tax cut hopes as borrowing beats expectations in April May 22, 2024 Economists closely watch the borrowing figures for any indications of how much fiscal space the Conservatives will have to cut taxes ahead of an election later this year.
Admiral: ‘Mammoth’ price hikes to feed profits but dividend could be lowered March 3, 2024 Admiral is set to report its full-year results next week, with analysts expecting price hikes throughout 2023 to feed through to the profit line.
Second chance at LV= for Royal London February 7, 2022 Royal London is engaged in talks with LV= which could see the two companies merge to become a UK insurance heavyweight.
Admissions to private hospitals hit record amid NHS crisis September 3, 2024 The number of admissions to private hospitals reached a record high in the first quarter of 2024 as the NHS crisis has pushed more Brits away from the service. There were 238,000 admissions to private hospitals in the first quarter, up six per cent on 2023 and the highest number on record, according to data [...]
Howden seals £500m support to turn tech start-ups into underwriters October 16, 2023 Howden has secured £500m of delegated underwriting capacity backed by a group of Lloyd's of London firms for a newly launched division that aims to turn tech start ups into underwriters.
Aviva to offload Singlife stake for £800m September 13, 2023 Aviva's transaction is expected to be completed in the fourth quarter of 2023, subject to regulatory approval.
Gen Z drivers forking out extra £300 as soaring car premiums offset dip in petrol costs June 13, 2023 Young car owners are paying an extra £300 to drive a car this year as a result of insurers hiking up premium prices, new research shows. Analysis from Compare the Market shows that young motorists between 17-24 are now paying £2,559 to drive a car for a year, compared with £2,263 in 2022 a “substantial” [...]
Insurers need to capture the Covid-19 zeitgeist and go beyond expectations January 21, 2021 As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence. However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been [...]
BoE rules out big capital reduction for insurers after Brexit February 10, 2021 The Bank of England has told insurers not to expect any big reductions in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a £1.7bn bill for Covid-19 claims. Solvency II rules, inherited from Britain’s membership of the EU, are under review, amid calls from insurers and lawmakers [...]
Struggling NHS is pushing people to go private, but is the UK ready for private healthcare? March 28, 2024 The private healthcare industry is booming, and with the fallout of the NHS pushing people into the private sector, there is no sign of this trend slowing down anytime soon.