Phoenix hits targets early as growth in annuities pays off February 1, 2024 In a trading update, Phoenix said its new business long-term cash generation, a key measure of future profitability, was around £1.5bn in 2023.
Watch theft wave continues – with £1.5bn-worth lost or stolen in one year alone March 18, 2024 A sharp rise in theft has driven a more than threefold increase in the number of watches recorded as lost or stolen over the last 12 months, according to new data, as the value of missing timepieces hits £1.5bn.
Asset manager M&G rolls out £500m buyback after smashing capital targets March 8, 2022 British insurer and asset manager M&G unveiled a £500m share buyback programme today after it smashed capital generation targets set out following its demerger from Prudential in 2019.
Battle of the supercomputers: Whose algorithm was best at predicting Euro 2024? July 19, 2024 Going by these results, it will still be some years before the robot uprising comes and obliterates all we hold dear, including the beautiful game.
Legal & General agrees £370m buy-in with Heathrow pension scheme February 10, 2022 Life insurance and pensions firm Legal & General has announced a £370m ‘buy-in’ with London Heathrow’s pension scheme to shore up the savings of more than 1,400 savers.
From cow herder to corporate chief – meet the man who leads Axa’s City division March 29, 2023 Axa’s UK chief executive Claudio Gienal is willing to admit he’s a tough boss. Speaking to City A.M., the Swiss exec, who took up his position as the head of Axa’s UK & Ireland business in 2017, is very clear that he doesn’t like “excuses”. He’s also clear that the people around him have to [...]
London-based at-home cancer tester teams up with digital GP to speed up diagnoses August 17, 2023 A London-based provider of diagnostic tests which allows Brits to screen for cancer at home has teamed up with a digital GP to provide faster treatment. Newfoundland, which specialises in at-home diagnostic tests, has partnered with Doctorcall, which offers tele-medicine as well as at-home GP appointments, to launch the service in London. The partnership comes [...]
Supreme Court to hear FCA business interruption insurance appeal this month November 2, 2020 The Supreme Court will this month hear an appeal of the Financial Conduct Authority’s business interruption insurance test case. The test case launched by the watchdog against eight insurance companies was fast-tracked for an appeal earlier this month. The FCA launched legal proceedings in June after it failed to find an agreement with the insurance [...]
From analyst to boss: Morningstar chief talks AI, sustainability and what elections could mean for equities February 10, 2024 Morningstar owns Sustainalytics, one of the largest environmental, social and governance (ESG) data providers, and used the popularity of the trend to capitalise on providing a wide range of data on sustainable funds.
Legal & General upsizes with lease for City HQ in new Woolgate building September 3, 2024 Legal & General has signed a 15-year lease to move its headquarters to Woolgate, a new building set to open on Coleman Street. The move will see Legal & General hopping just down the road, from One Coleman Street to 10 Coleman Street. It will also be a slight upsizing for Legal & General, going [...]