Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line December 6, 2024 By Pamela Barbaglia, Dinesh Nair, Aaron Kirchfeld and Leonard Kehnscherper Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a...
Private Equity Tie-Ups With Insurers Create Risks, BOE Says December 2, 2024 By Greg Ritchie, Laura Noonan and Leonard Kehnscherper Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets,...
UK Watchdog Aims to Improve Whistleblower Procedures After Backlash May 5, 2023 By Leonard Kehnscherper Britain’s markets watchdog is aiming to improve its procedures for finance workers who report on suspected wrongdoing after finding that...
City of London Workers Pushing for Cross-Border Remote Working: Survey December 15, 2022 By Leonard Kehnscherper Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible...
UK Insurers Need to Consider Climate Change Risks: Accounting Watchdog June 15, 2022 By Leonard Kehnscherper The UK’s accounting watchdog is proposing new rules for insurance companies to make sure actuaries factor in climate change risk....