[ad_1] Many of the world’s largest hedge funds will reveal whether their investment activities risk amplifying economic shocks and harming the UK’s financial system, after being recruited into the first-ever stress tests involving the shadow banking sector. The Bank of England has released the names of more than 50 City institutions taking part in the…
[ad_1] Receive free Legal & General Group PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Legal & General Group PLC news every morning. Capitalism has made a lot of people better off, repelling challenges from other political and economic systems. That premise’s validity has taken a beating since the…
[ad_1] I planned to go on holiday with my girlfriend DM to Tenerife this autumn, and we were looking forward to it. Sadly, she died after an unexpected cancer diagnosis and I’m struggling to get my money back. I booked last summer, originally for April, at a cost of £3,228, plus £253 for travel insurance…
[ad_1] Receive free US insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest US insurance industry news every morning. Are hailstones getting bigger, one equity analyst recently asked an executive at Travelers. The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the…
[ad_1] The growing crisis facing the NHS presents “quite a few business opportunities” for AXA to expand its private healthcare business, the French insurance group’s chief executive has said. Speaking to the Financial Times, Thomas Buberl highlighted the mounting pressures on the health service, including record waiting lists, rising inflation pushing up costs such as…
[ad_1] Receive free Greensill Capital updates We’ll send you a myFT Daily Digest email rounding up the latest Greensill Capital news every morning. Greensill Capital charged an “unreasonable and excessive” fee for arranging financing for NHS building projects and deliberately avoided disclosing this fact, according to the collapsed company’s main insurer. Australian insurance agency Bond…
[ad_1] The boss of Britain’s biggest insurer, Aviva, has said there are “big opportunities” in expanding private health cover in the UK as the strain on the NHS grows and waiting lists for treatments hit record highs. The company gained 170,000 health insurance customers in the past year, who were signed up either directly or…
[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. UK motor insurer Admiral has said the “cycle is turning” in the sector as surging prices catch up with a sharp rise in the cost of repairing cars, signalling there…
[ad_1] The car insurer Admiral has turned a profit in the first half of this year despite covering 380,000 fewer vehicles, after it put its premiums up by 20%. The price increase came on top of a 20% rise in the previous six months, meaning the cost of cover has gone up by about 44%…
[ad_1] Receive free Admiral Group PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Admiral Group PLC news every morning. Admiral Horatio Nelson’s advice was not to interrupt the opposition when they were committed to a mistake. British insurer Admiral has followed this strategy, avoiding the errors made by peers…