Bank of America at odds with Lloyd’s over state-backed cyberattack exemption April 20, 2023 Bank of America has reportedly raised concerns with Lloyd’s of London about a move to exempt “state-backed” cyberattacks from standard insurance policies. Bank of America highlighted its concerns with the policy in a series of meetings between Lloyd’s and its biggest clients, the Financial Times reported. Marsh, the world’s biggest broker, is also understood to [...]
Can the City’s pension superfund dreams become reality? September 19, 2023 Government must go further and faster in reforming the UK’s pensions market if ‘superfunds’ that pump cash into the stock are to become reality, experts have warned.
More than 16,000 customer queries after Luton Airport car park fire October 14, 2023 Luton Airport has received more than 16,000 customer queries following a fire at one of its car parks earlier this week. Up to 1,500 vehicles were affected when the airport’s multistorey Terminal Car Park 2 became engulfed in flames on Tuesday. Drivers with vehicles still inside the structure said on Friday they had been offered [...]
Labour lacks the ambition to boost the City’s potential June 26, 2024 While Labour will raise businesses taxes, only the Conservatives understand that it’s entrepreneurs that create growth, wealth and opportunity, says Bim Afolami Elections are about a choice informed by a reflection on the past to make a crucial judgement about our future. Over the past 14 years, the UK, with London at its heart, has [...]
Covid-19 vaccine refusers may face different life insurance policies November 19, 2020 Those who refuse to have the coronavirus vaccine, should one become widely available, could be offered different life insurance terms to those who have had the vaccine. Reassured director of corporate sales Phil Jeynes told City A.M. that the existence of a coronavirus vaccine could mean customers who have had the vaccine are offered different [...]
UK faces ‘mammoth’ infrastructure investment challenge November 6, 2023 The UK faces a £615bn funding challenge to meet its energy, transport and housing infrastructure needs by 2030.
Insurer RSA’s board backs £7.2bn takeover deal November 18, 2020 British insurance giant RSA has recommended its shareholders back a £7.2bn takeover bid by groups from Canada and Denmark, in what could be one of the biggest M&A deals this year. The final bid from Canada’s Intact Financial and Denmark’s Tryg comes after two weeks of speculation, and was confirmed by RSA today. RSA has [...]
Three quarters of UK small businesses want to spread their deposits after SVB collapse, research shows July 26, 2023 Three quarters of small businesses in the UK are considering spreading their deposits among a range of different banks following March’s banking crisis. According to new research from payments provider Neo, 75 per cent of UK SMEs are considering diversifying their bank pool while six per cent already have. Neo surveyed 100 CFOs and treasurers [...]
Anti-vaxxers may lose travel insurance over Covid vaccine refusal November 17, 2020 Anti-vaxxers may risk invalidating their travel insurance if they are medically able but decline to have the coronavirus vaccine, an insurance expert has warned. Medical underwriting specialist and travel insurance expert Tricia Tietema told City A.M she would expect that those who are medically able to have the coronavirus vaccine, should one become available, but [...]
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.