M&S, Co-op and Harrods attacks drive demand for cyber insurance insurance Experts say recent cyber attacks on retail giants M&S, Co-op, and Harrods will prompt insurers to ask more questions about the security controls retailers have in place
Lloyd’s of London selects Patrick Tiernan for CEO position insurance Lloyd's of London appointed Patrick Tiernan as its chief executive officer after John Neal revealed in January is was going to step down
RSA set to rebrand as Intact Insurance insurance Four years after its acquisition, the long-established insurer RSA is set to rebrand to match its Canadian owner by the end of this year
Aviva set for £3.6bn Direct Line takeover December 6, 2024 Direct Line is set to agree to a £3.6bn takeover by its bigger rival Aviva, after the FTSE 100 firm returned with a sweetened bid for the company today. In a joint statement to the market this morning, the two firms said they had struck the outlines of a deal in which Aviva will pay [...]
Hurricane Milton: Global insurance industry bracing for colossal losses October 10, 2024 As Hurricane Milton, a category three storm rips through the central west coast of Florida, the global insurance industry is bracing for losses of up to $100bn
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?
Growth markets India and Thailand help Prudential keep up the momentum April 30, 2024 Prudential said these figures reflected the group's "strong momentum" despite strong comparators in the same period last year.
R&Q Insurance expects large ‘adverse development’ on loss reserves April 12, 2024 It announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.
UK drivers priced out of owning Chinese electric cars due to ‘sky high’ insurance costs March 20, 2024 The UK insurance industry is facing “real challenges” in covering Chinese electric vehicles, as sales of the models surge in the West.
Beazley plans additional shareholder returns, pushing up share price 8.8 per cent February 22, 2024 In a stock exchange notice, the blue-chip insurer said its undiscounted combined ratio, a measure of profitability used by insurers, had surpassed its forecasts in 2023.