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Insurance

  • 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 trade at risk: Lloyd’s forecasts over $14 trillion economic fallout from conflicts

    October 9, 2024

    Lloyd's of London warns that a potential geopolitical conflict could devastate the global economy, triggering $14.5 tn in losses over the next five years and upending global trade

  • UK insurers brace for major Hurricane Milton set to hit Florida

    October 7, 2024

    Shares in London-listed insurers dropped on Monday as the market braces for costs tied to Hurricane Milton, a major storm expected to hit Florida by Wednesday.

  • Ageas: Belgian insurer mulls UK takeover after failed Direct Line bid

    October 6, 2024

    Belgian insurance giant Ageas is open to making further takeover bids for British companies after a failed attempt to snap up Direct Line earlier this year.

  • World’s largest insurers head to court for high-stakes clash

    October 2, 2024

    A multi-billion pound trial over stranded aircraft in Russia kicked off this morning in a jam-packed courtroom

  • Saga in talks with Belgium’s Ageas over insurance deal

    October 2, 2024

    Saga, the British financial services and travel provider for over-50s, has said that it is in talks with Ageas for a deal involving its insurance arm as it looks to reduce debt.

  • Lloyd’s of London investor sees premiums soar thanks to bumper market

    September 27, 2024

    Helios Underwriting's gross written premiums surged to £230m after Lloyd’s market has "exceptionally good" market conditions

  • Industry crackdown as insurance scams surge

    September 26, 2024

    The UK insurance industry identified £1.1bn worth of fraudulent claims last year, highlighting the importance of focusing on tackling bogus insurance claims.

  • Revenue doubles for health insurance provider Personal as Brits look for NHS alternative

    September 24, 2024

    Personal Group, a London-listed workforce benefits and health insurance provider, has delivered double digit revenue growth across all areas, as the business credits its strategy

  • Exclusive: Record amount of tax contributed by insurance members of ABI

    September 23, 2024

    The Association of British Insurers has revealed its members contributed a record £18.5bn in tax to the UK’s public finances over the last financial year

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