U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies October 7, 2019 By Will Hadfield U.K. home and car insurers could be stopped from jacking up prices when customers’ policies come up for renewal as...
Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses September 18, 2019 By Will Hadfield Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The...
Brexit Is Moving £61 Billion in London Insurance Business to Rival Financial Centers September 3, 2019 By Will Hadfield London’s outsized role in the global insurance industry is being whittled down by Brexit. As much as 61 billion pounds...
AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S. August 1, 2019 By Will Hadfield and Andrew Blackman AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture June 25, 2019 By Charlie Devereux and Will Hadfield Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England June 19, 2019 By Will Hadfield The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual...
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July June 14, 2019 By Ross Larsen and Will Hadfield Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul June 6, 2019 By Will Hadfield Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut...