Jason Windsor appointed as Abrdn’s permanent boss September 10, 2024 Asset manager Abrdn has appointed finance chief Jason Windsor to be its new permanent chief executive, after Stephen Bird abruptly stepped down in May.
The Square Mile and Me: Steve McGill on Boots, negativity and the Four Seasons April 20, 2023 We dig into the memory bank of the City’s great and good: this week, Steve McGill details his life running the fastest-growing speciality broking firm in the world, McGill and Partners. Quick-fire round What’s your favourite…?
Lloyd’s set to resist pleas for direct compensation over slavery role October 11, 2023 Lloyd's of London is resisting calls to make direct financial reparations over its role in the slave trade.
Election 2024: Liz Truss loses seat to Labour as mammoth majority evaporates July 5, 2024 Liz Truss has lost her Nofolk seat to Labour after voters revolted against the former Prime Minister following her disastrous spell in office.
Exclusive: ‘Pool Re’ style scheme could help insurers fund Covid-19 cover, says Beazley CEO February 5, 2021 The CEO of insurer Beazley is hopeful that insurers will be able to provide cover against infectious diseases like Covid-19 in the future, but said a government backstop may be needed to press ahead. It is not possible to get insurance on Covid-19-related cancellation cover on events this year, because the chances of an event [...]
December’s deep freeze: Cost of living crisis leaves Aviva with a £50m bill for burst pipes and water tanks January 25, 2023 Aviva said last December’s freezing weather meant it had to pay out £50m to policyholders claiming for damage caused by burst pipes and water tanks. An Aviva spokesperson told City A.M. said soaring energy costs had led to more frozen pipes because households were more reluctance to turn on the heating, leading to more extremes [...]
Science at the heart of the square mile September 29, 2023 The modelling started with Hurricane Andrew,” Oriol Gaspa Rebull tells me about the forecasting work Aon does to measure the risk of so-called ‘catastrophic’ events. That 1992 hurricane, which did extraordinary damage to South Florida, woke the industry up to the increasing severity of weather events. Every ‘event,’ of course, leaves insurers on the hook, [...]
Phoenix share price soars after upgrading cash forecasts November 13, 2023 Phoenix upgraded its near-term cash generation target after completing the merger of its Standard Life and Phoenix Life Assurance.
New man from the Pru to lay out Asia-focussed growth plan August 27, 2023 Prudential is set to unveil its latest trading performance next week as shareholders hope for a revival under its new boss.
Digital Minister pushes UK tech as sector sails past $1tn valuation March 29, 2022 Digital minister Chris Philp has called today for UK institutional investors to step up and back homegrown tech firms, as government mulls a number of changes to regulation which could unlock a wave of investment from insurance and pension funds.