Lloyd’s of London pushed into loss by Covid-19 payouts
Lloyd's of London has reported a loss of £900m in 2020 as a result of claims due to the Covid-19 pandemic. In 2019 it made a profit of £2.5bn. The…
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Every Financial News story tagged insurance, newest first.
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FCA proposes ‘radical’ general insurance reforms
Existing customers should pay no more than new customers for home and motor insurance, according to the financial regulator. After concluding its market study into the pricing of home and…
AXA to buy XL Group for $15.3bn
AXA is to acquire 1005 of XL Group Ltd, according to Actuarial Post. The purchase price is said to be $15.3bn, to be paid in cash. Under the terms of…
Public liability insurance: Business essential or nanny state gone mad?
Many business owners make the mistake of not properly understanding public liability insurance before launching their small business. This leaves them at risk of paying exorbitant fees for damages in…
Fraudulent insurance claims rise to over £110 million in 2013 – Aviva
More than GBP110m worth of fraudulent insurance claims were detected by UK insurance company Aviva during 2013, it revealed on Wednesday. Aviva said its claims fraud detection data for 2013…
HSBC agrees to sell Macau-based general insurance operation to QBE
UK financial group HSBC Holdings Plc (LON:HSBA) on Thursday said it had agreed to dispose of its general insurance operations in Macau to QBE Insurance (International) Limited. HSBC will carry…
HSBC sells Singapore insurance unit to AXA Life
UK financial major HSBC Holdings plc (LON:HSBA) said Wednesday that fully-controlled unit HSBC Insurance (Singapore) Pte Ltd had inked an accord to sell its group term life insurance and group medical…
No substitute for age and experience, say car insurance companies
Car insurance companies now have only two criteria when it comes to offering their best premiums, age and experience. With the ruling by the European Court of Justice that came…
ING sells Malaysian insurance unit to Hong Kong-based AIA
Dutch financial group ING Groep NV (AMS:INGA) said on Thursday it would sell its insurance business in Malaysia to Hong Kong-based insurer AIA Group Ltd (HKG:1299) for some EUR1.3bn (USD1.7bn)…
UK insurance firm Aviva sells more Delta Lloyd shares due to strong demand
British insurer Aviva Plc (LON:AV), a 41.3%-owner of Delta Lloyd NV (AMS:DL), will sell 37m shares of the Dutch insurance firm, more than initially planned, due to favourable demand from…
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