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BMS promotes Ian Gormley to UK CEO
BMS has made Ian Gormley UK CEO, effective immediately, reporting to group CEO Nick Cook. -
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
via ft.comHead of London market says disaster may produce largest maritime claim in history -
Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s
via ft.comSpecialist insurance market is looking to rebuild a base among private investors -
Severe weather is hurting homeowners — but not reinsurers
via ft.comMore capital is needed to stop a protection gap for customers growing larger -
Biden administration warns of lengthy disruption at Baltimore port
via ft.comCarmakers and insurers brace for fallout after bridge collapse shuts critical US trade hub -
Carmakers and insurers brace for Baltimore bridge collapse fallout
via ft.comSuppliers face bottlenecks in crucial entry point for vehicles while repair bill estimates soar -
My car was a write-off – and so was Churchill’s paltry offer
via theguardian.comI have been battling for a like-for-like replacement rare Suzuki, but the insurer will not pay the right priceIn January my car was written off after being struck by part of an excavator that came hurtling down the M80 motorway. I counted myself very lucky to have survived the impact, but have been battling ever since with my insurer, Churchill, to get a payout that will enable me to buy a like-for-like replacement.From the moment it became clear that Churchill would have to cough up – the -
Should I use the travel insurance provided by my credit card?
via ft.comI often go to the Middle East and Africa and want to ensure I’m fully covered -
Private equity’s bet on life insurance turns sour
via ft.comSetbacks for European PE-backed insurers fuel warnings over ownership shift -
Is private equity’s life insurance bet turning sour?
via ft.comSetbacks for European PE-backed insurers fuel warnings over ownership shift -
Is private equity’s bet on life insurance turning sour?
via ft.comSetbacks for European PE-backed insurers fuel warnings over ownership shift -
A Lloyd’s of London revival will require more nimble regulation
via ft.comThere is still a fragility to the recent success of the world’s oldest insurance market -
US housing market belatedly wakes up to flood risk
via ft.comInsurance premiums and adaptation measures have not kept pace with climate change -
M&G’s Rossi targets private asset growth
via ft.comFTSE 100 company chief focuses on under-developed private credit markets in Europe -
Direct Line launches £100mn saving plan as it fights takeover interest
via ft.comUK insurer swings back to profit as it pushes up prices -
Prudential chief says China momentum returning after joint venture sales dive
via ft.comFTSE 100 life insurer reports 45% rise in new business profits driven by Hong Kong recovery -
Direct Line needs a better plan to see off Ageas
via ft.comUK car insurer needs to show it has overcome pricing problems if it is to deter Belgium group -
‘Just when we need them most’: Britain’s car share clubs face closure as last insurer pulls out
via theguardian.comThe community-owned car pools have been hailed as a greener alternative to full-time ownership, but insurers say driver risk is hard to measureUp to 40 community car clubs across the UK could be forced to close after the last insurance firm covering such groups announced it was pulling out of the sector.For several years, the clubs – often groups of like-minded neighbours – have been sharing cars as a way to cut their carbon footprint. Continue reading... -
Russian ‘dark fleet’ lacks oil spill insurance, leaks suggest
via ft.comMoscow-based insurer Ingosstrakh will not cover claims on tankers evading sanctions -
Russian ‘dark fleet’ lacks disaster insurance, leaks suggest
via ft.comMoscow-based insurer Ingosstrakh will not cover claims on tankers evading sanctions -
Danish Compromise may rekindle Europe’s passion for bancassurance
via ft.comNew Basel rules set to require more capital for most banks but should also make insurance a more attractive proposition -
Nord Stream sues insurers for €400mn over pipeline explosions
via ft.comLloyd’s of London among those hit by lawsuit in High Court -
MS Amlin sets growth plan after underwriting turnaround
via ft.comBig Lloyd’s of London insurer aims to expand in marine and liability cover after three years improving margin -
Everton FC bidder 777’s funding structure starts to unravel
via ft.comUS insurer with extensive links to investment group looks to raise capital and regain control of assets ceded to reinsurer -
The Guardian view on the privatisation of health: outsourcing will not save the NHS | Editorial
via theguardian.comBuying care from the private sector brings short-term relief, but it won’t solve the problem of underfundingPrivate hospitals in England carried out more procedures on the NHS’s behalf last year than ever before. The total figure of 1.67m elective (non-urgent) treatments such as joint replacements and cataract removals amounted to 10% of the total – the first time this symbolically important threshold has been reached.In the short term, the arrangement under which the NHS purch -
The Price of Life by Jenny Kleeman review – the uncomfortable cost of living
via theguardian.comThe author’s vivid attempt to quantify the value of human life raises challenging questions and yields some unpleasant answersWhat do contract killers charge? In search of an answer, Jenny Kleeman tells us, she tried hard to obtain the contact details of “some of Britain’s most notorious murderers”, so she could write to them in prison about “their pricing structure”. She later found a flamboyant reformed American hitman who was willing to talk.How much do peo -
UK’s pension buyout boom leaves insurance investors wanting more
via ft.comRising interest rates have transformed funding levels in defined benefit pension schemes -
Aviva’s profits rise as demand for UK private health insurance booms
via theguardian.comFears over NHS waiting lists contribute to 41% increase in sales of policies, contributing to £1.5bn operating profitBooming demand in the UK for private health insurance, as NHS waiting lists remain at near-record levels, has boosted annual profits at Aviva, with more frequent claims and higher medical costs driving up premiums.Britain’s biggest general insurer said sales of health insurance had risen 41% in 2023 compared with the previous year, with strong demand from businesses an -
Lloyd’s of London delivers best underwriting performance since 2007
via ft.comInstitution expects insurance prices to remain high in coming years -
Admiral signals end of car insurance price surge
via ft.comFTSE 100 insurer says it has stopped increasing motor premiums as Aviva announces £300mn share buyback
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