Hiscox shares soar as Lloyd’s of London insurer attracts foreign takeover interest July 8, 2024 Shares in Hiscox surged as much as 14 per cent on Monday following news that two foreign rivals are considering takeover bids for the Lloyd’s of London insurer.
City braces for day of carnage as XR and Palestine protestors descend on Square Mile – with not even a pint safe February 29, 2024 The Square Mile is set to play host to a raft of climate and pro-Palestine protests today, with one insurer's building already covered in red paint.
From Lloyds Bank to UK Finance, here’s who’s paying for the City of London Police May 10, 2024 A series of funding deals between private entities and City of London Police to help fight fraud highlights the ongoing funding pressures faced by the police force, experts have said.
Lloyds Bank private equity arm exits London-based tech firm January 25, 2024 Lloyds Bank’s private equity arm LDC has exited its investment in London-based cloud and digital services provider Kerv after three years in the firm. As part of the transaction, Bridgepoint Development Capital has invested in Kerv for a majority shareholding and LDC has reinvested £30m to support the continued growth of the business. Within the [...]
Chancellor: Forget hybrid TWaTs, it’s the office by “default” May 17, 2023 The Chancellor has said that the office should be the “default” location for work, even after the rise of hybrid working in the pandemic. Vast swathes of workers in white collar jobs have switched out of the office for at least two or three days a week, with the term ‘twat’ now used to describe [...]
Lloyd’s boss: City has ‘big few months ahead’ to ensure Square Mile vitality September 8, 2022 Lloyd’s of London chief John Neal reckons the City has a “big few months ahead” to ensure the Square Mile retains its pre-pandemic vitality. Speaking to City A.M. this morning after a positive set of half-year results for the insurance marketplace, Neal said that though he recognises that “flexibility is critical” he also said there [...]
Insurer Hiscox hikes dividend after posting best underwriting profits since 2015 March 8, 2023 London-listed insurer Hiscox today upped its dividend after posting its highest underwriting profits since 2015. Profit from its insurance business surged 25 per cent, from $215.6m in 2021 to $269.5m in 2022 shrugging of the potential impacts from several extreme weather events and the war in Ukraine. Hiscox, however, saw its overall profits drop, as [...]
Insurers falling short in modelling cyber and natural catastrophe risks, Bank of England warns January 23, 2023 The UK’s insurance regulator has called on insurers to bolster their cyber and natural catastrophe risk modelling capabilities in preparation for a period of “high volatility and uncertainty”. In a letter sent to UK insurance companies today, the Prudential Regulation Authority (PRA), which sits within the Bank of England, warned insurers models are continuing to [...]
Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
Lloyd’s of London and Bermuda Monetary Authority partner to strengthen ties between global insurance hubs March 14, 2024 Lloyd’s has joined forces with the Bermuda Monetary Authority (BMA) to jointly develop an initiative for closer collaboration and alignment on sharing risk expertise between the two global insurance hubs.