PwC’s UK enterprise has efficiently defended a £63mn Excessive Courtroom declare that it leaked confidential info that put its shopper Quindell at a drawback in deal negotiations. In a judgment printed on Friday, the Excessive Courtroom discovered that software program and insurance coverage group Quindell — now generally known as Watchstone — had did not…
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The disaster of confidence afflicting the London fairness market has raised essential questions concerning the development surroundings for UK corporations. The sense of treading water isn’t restricted to the inventory change, although. Some senior figures in London’s specialist marketplace for insurance coverage and reinsurance, centred round Lloyd’s of London, have warned for years that sluggish…
Let’s say you’re a first-time automobile purchaser this month, getting ready to maneuver outdoors of a significant US metropolis*. Your used automobile isn’t as low-cost as it might’ve been six months in the past, but it surely’s high quality. You’re making an uncomfortably massive down fee as a result of rates of interest are excessive….
5 large world insurers and Lloyd’s of London, the insurance coverage market, have give up the Web-Zero Insurance coverage Alliance as rising US political strain and authorized fears plunge the local weather initiative into disaster. Axa, the group’s former chair, Allianz and Scor, in addition to Japan’s Sompo Holdings, stated on Thursday they had been…
One gross sales pitch of insurance coverage salespeople has all the time been: “I don’t promote insurance coverage, I promote peace of thoughts”. Regulators and central bankers at the moment are spinning related traces by emphasising the reassuring qualities of upper deposit insurance coverage over its prices. However localised banking turmoil doesn’t justify mission creep…
Darkish smoke billowing throughout the Richard Rogers-designed Lloyd’s of London headquarters and the banner unfurled by local weather protesters final week supplied a visual reminder of the political battle over the function of the insurance coverage business in world warming. On the identical day in New York, one other marketing campaign group was pushing in…
Prudential’s chief monetary officer James Turner has resigned within the wake of an investigation into his conduct “regarding a current recruitment scenario”, the FTSE 100 insurer stated on Wednesday. Hong Kong-based Turner, who has held the function for simply over a 12 months, shall be changed by Ben Bulmer, chief monetary officer of Prudential’s insurance…
A number one voice in Lloyd’s of London’s marine insurance coverage market has known as for a “Plan B” on western sanctions levelled in opposition to Russia over its conflict in Ukraine, amid rising considerations over unintended penalties for the worldwide delivery sector. Western governments have focused Moscow with a variety of sanctions because it…
The insurer utilized by nearly all English barristers gave authorized work value £750,000 to one among its personal administrators, an association that raised questions on potential conflicts of curiosity in an business that prides itself on the best requirements of ethics and governance. Dame Joanna Smith, who’s now a Excessive Court docket decide, was paid…