City Moves for 11 March 2016 | Who’s switching jobs March 11, 2016 BLM Risk and insurance law business BLM has announced the appointment of abuse claims expert Sharon Moohan. Sharon joins BLM’s abuse claims team having overseen €953m (£743m) of redress payments in her role as sole solicitor for the Irish Residential Institutions Redress Board. The board was set up in 2002 to make fair and reasonable [...]
Treating death as taboo is leaving many Londoners poorly prepared, and capital dwellers are more likely to think they don’t want or need a will January 13, 2016 Londoners' taboos about mortality have left them inadequately prepared for the financial impact of death. According to a report released today by Aviva, six out of ten of London adults said that they felt death was still a taboo subject and just less than half (49 per cent) said that they do not want to [...]
City Moves for 22 March 2016 | Who’s switching jobs March 22, 2016 RPC Consulting RPC Consulting – the insurance consultancy arm of RPC – has appointed four senior insurance actuarial professionals to its team in London and Cambridge. Pete Lee, James Norman and Tony Lovick all worked at EMB (now Willis Towers Watson). Natasha Regan joins from the Financial Reporting Council (FRC). Pete has over 25 years’ [...]
Storm Desmond flooding: As claims creep in, insurers assure consumers they are already ready for winter’s bad weather December 6, 2015 The Association of British Insurers (ABI) reassured consumers on Saturday that the industry had been braced for bad weather. “Insurers expect bad weather during the winter and will be geared up to help customers who have suffered flood and storm damage recover as quickly as possible,” remarked Malcolm Tarling, a spokesperson for the ABI, in a [...]
Harlequins boss Conor O’Shea announces plan to leave Stoop sparking Italy head coach speculation January 20, 2016 Harlequins' director of rugby Conor O'Shea has announced he will leave the club at the end of the season after six years in charge. O'Shea's contract expires at the end of the current campaign and the 45-year-old is expected to succeed Jacques Brunel as Italy head coach. "I will have been very fortunate to have had [...]
Made In Taiwan: As China’s growth slows, promising stocks lie across the Formosa Strait February 2, 2016 As China's earthquake rumbles on, the regional trading partners which have depended on its double digit growth for three decades are feeling the shocks. The Malaysian and Indonesian economies have suffered, but the manufacturing sectors in Japan, South Korea and Taiwan are also inextricably tied to that of Asia’s largest economy. Exports account for 70 per [...]
Pinewood Studios’ share price jumps on profit increase and sale consideration February 10, 2016 Pinewood, the iconic studio behind the recent James Bond and Star Wars films has sent the company’s share price soaring after announcing it could put itself up for sale to "maximise value" for shareholders. Shares are up by almost 20 per cent in mid morning trading. Pinewood has appointed investment bank Rothschild to look into [...]
How artificial intelligence, peer-to-peer technology and blockchain are changing the insurance industry forever July 14, 2016 Just as fintech is transforming the banking world, “insurtech” has set its sights on the insurance industry. There are firms like Trov, which provides insurance on-demand and enables consumers to catalogue insured belongings. Buzzmove uses home removals data to create a new distribution model for insurance – people are more likely to renew or buy [...]
Insurers to announce Indian investment plans during Narendra Modi’s UK Visit November 9, 2015 A number of insurers will announce this week that they are planning to pour money into Indian investments. The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK. Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky [...]
Family debt jumped 42 per cent to more than £13,500 in six months January 13, 2016 With growth in the economy looking shaky, it seems the amount people are borrowing has increased: new figures showed family household debt rose a whopping 42 per cent to £13,520 in the final six months of last year. The figure, which excludes mortgages, is up from £9,520 in summer 2015, and £9,050 last winter. It's also [...]