Insurance
Los Angeles fire losses expected to top $20bn, JPMorgan says
More than 130,000 people have been forced to evacuate as out-of-control blazes rage through Los Angeles.
6 min read
Lloyd’s of London taps McKinsey veteran Roxburgh for new chair
Former top Treasury official turns his hand to the iconic insurance marketplace
2 min read
Ex-Aviva boss Mark Wilson joins Zilch board
Buy-now-pay-later firm draws on City expertise at ‘critical juncture’
1 min read
Dame Inga Beale: ‘I went back in the closet at Lloyd’s of London after facing resistance as a female CEO’
Being openly bisexual and a female chief executive at one of the City’s oldest institutions came with big challenges, Beale tells FN’s Pride of Finance list
6 min read
Major insurers risk falling behind on climate change as net-zero coalition fights for survival
The future of the Net-Zero Insurance Alliance is uncertain as Lloyd's of London, Axa and other heavyweights pull out
4 min read
Amazon axes UK insurance business
Portal winds down in latest blow for Big Tech's personal finance ambitions
2 min read
King’s Speech stays quiet on private equity pension rush and audit reform
City awaits more detail on how to unlock spending in lagging domestic markets
3 min read
Accounting body turns to insurance institute boss Vallance for new CEO
Alan Vallance leaves the Chartered Insurance Institute after a rocky 14 months
2 min read
More pension funds set to pledge 5% towards UK growth assets
More of the City's top pension companies could soon sign up to a landmark deal in bid to boost UK equities
2 min read
Jeremy Hunt: City declinists are ‘profoundly wrong’
Mansion House gathering of City leaders told that talk of London's demise is overblown
2 min read
Mansion House Reforms: Government targets listings and pension overhaul to boost City
UK government tries to fight back against City departures with a package of measures to spur growth investment
4 min read
Legal & General beats profit forecast and hikes dividend
Insurance giant grows ahead of guidance, reporting £2,5bn in profit
Solvency II survey falls flat as major insurers ignore Bank of England’s questions
Major insurers fail to provide information about disclosure costs, and some say changes will cost them more - but Bank of England and government press ahead with capital reforms regardless
Linklaters London M&A partner Lorna Tennent joins insurer Rothesay as general counsel
Magic Circle partner goes in-house with move to major insurer
Why Solvency II reforms might not release billions after all
Loosening capital buffers increases risks, while new investment might just be hoarded
3 min read
Autumn Statement: Insurance bosses back Solvency II overhaul
The final rules include cutting the so-called risk margin significantly, with a 65% cut for long-term life insurance businesses and a 30% cut for general insurance businesses
3 min read
L&G: Bank of England helped ‘alleviate pressure’ on LDI clients
Radical action in the bond market has helped calm key pension strategies, firm says
2 min read
Ukraine claims set to cost Lloyd’s of London £1.1bn
Insurance market set to take significant loss amid conflict in eastern Europe
1 min read
Insurance executive hit with SEC lawsuit alleging ‘massive’ fraud
Lawsuit is the first government accusation of fraud against Greg Lindberg
4 min read
