Covid-19 could be the largest insured loss in history. How can the insurance industry adapt? September 1, 2020 Covid-19 has us all living through a live, catastrophic event. It is dramatic but makes the non-life insurance world a fascinating place to be. There will be significant insured losses from Covid-19 with obvious examples of the Olympics being postponed, Wimbledon and other sporting events being cancelled, and hundreds of thousands of travel insurance claims [...]
Legal & General reveals sweeping overhaul and kicks off first share buyback in a decade June 12, 2024 Legal & General has revealed plans for a sweeping overhaul today including the merger of its two asset management arms and a first share buy back in over a decade, as new chief Antonio Simoes looks to set out a fresh direction for the company.
All Greek to me: Apollo snaps up insurance giant Athene in $11bn US mega-deal March 8, 2021 All Greek to me: Apollo snaps up insurer Athene in $11bn US mega-deal
Privacy watchdog fines firms for targeting vulnerable and elderly with ‘predatory’ marketing calls March 16, 2022 The UK's privacy watchdog has fined five companies over £400k after they deliberately targeted the elderly with "predatory" and "coercive" marketing calls in order to sell them unnecessary insurance.
Lloyd’s of London investor Helios Underwriting hikes shareholder returns as profit jumps May 30, 2024 Helios Underwriting has reported a jump in profit and cash returns to investors.
Aviva share price soars as takeover speculation swirls October 6, 2023 Aviva shares soared by around 10 per cent this morning, spurred by fresh but unconfirmed reports it could be the target of a takeover bid from a foreign buyer.
The Notebook: Turo’s Xavier Collins on why the UK needs to regain its risk appetite January 10, 2024 Where the City’s movers and shakers get a few things off their chest. Today, Xavier Collins, vice president at Turo, takes The Notebook pen.
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
Aviva: We believe in the UK despite the ‘doom and gloom’ June 27, 2024 The UK's economic fundamentals remain attractive for business despite the "doom and gloom" that has plagued the country, Amanda Blanc has said.
Admiral cuts dividend as profits are pulled down nearly 40 per cent amid ‘challenging’ market conditions March 8, 2023 Insurance firm Admiral has slashed its dividend after announcing a 39 per cent fall in its full year profits. Shares in the Cardiff insurer plummeted on the news, before recovering slightly in today’s morning session, as Admiral said its 2022 dividend would be 40 per cent lower than in 2021 and 20 lower than in [...]