The Financial Conduct Authority has ordered car insurers to pay out more than £200 million in compensation to 270000 drivers after uncovering a widespread practice of undervaluing vehicles when settling
All posts tagged in Insurance
16Articles
Over a million people in the United Kingdom who use weight-loss jabs such as Mounjaro Ozempic and Wegovy may be risking their travel and health insurance due to confusion over
Britons’ deep affection for their pets is increasingly redefining how we travel. Fresh research has revealed a significant uptick in the number of holidaymakers opting to take their dogs and
Shares in Hiscox, one of the London stock market’s leading insurers, soared despite the company revealing a substantial $170 million loss from the devastating wildfires that struck Los Angeles in
Brookfield Wealth Solutions has made headlines with a £2.4 billion cash offer for Just Group, the London-listed retirement specialist, signalling renewed momentum in overseas acquisitions of UK financial businesses. The
The Belgian insurance giant Ageas has sealed a £1.3 billion cash acquisition of Esure from American private equity firm Bain Capital, establishing the combined entity as Britain’s third-largest motor and
The founders of Icen Risk, Robert Brown and Dawn Bhoma, are poised to receive substantial financial rewards after negotiating the sale of a 49% stake in their firm to Zurich
Admiral has reported a significant surge in annual profits, driven by a strategic decision to lower UK motor insurance premiums after an industry-wide price hike. The FTSE 100 company has
British insurer Lancashire Holdings has disclosed potential losses ranging between $145 million and $165 million from the devastating Los Angeles wildfires that ravaged the region last month. The Lloyd’s of
British insurance giant Prudential is evaluating options to list a portion of its substantial stake in ICICI Prudential Asset Management, with the holding currently valued at approximately $5 billion. The
Insurance companies across Britain disbursed an unprecedented £585m in weather-related claims during 2024, highlighting the mounting financial implications of climate change. The Association of British Insurers (ABI) reports this figure
Insurance companies are steeling themselves for potential losses reaching £20 billion as devastating wildfires continue to tear through Los Angeles’ most exclusive neighbourhoods, according to recent analyst projections. JPMorgan analysts
Insurance giant Aviva is making a final push to complete its £3.6 billion acquisition of Direct Line Group before a Christmas Day deadline set by the City’s Takeover Panel. The
Insurance losses from natural catastrophes are projected to exceed £135 billion in 2024, marking the fifth consecutive year losses have surpassed the £100 billion threshold. The staggering figures have prompted
Life insurance providers have been instructed by the Financial Conduct Authority (FCA) to accelerate their bereavement claims processing after discovering major providers were taking up to four months to settle
Prudential, the London and Hong Kong-based insurance and investment group, has reported a 6% increase in first-half profit to $1.54 billion, surpassing consensus forecasts of $1 billion. However, the company’s
