Small is beautiful for insurers as global groups downsize

The UK’s biggest insurance company split itself in two this year when Prudential demerged its domestic business, M&G.The change was one of the...

Prudential to prioritise Asia after split

Prudential will prioritise investing in Asia following the demerger of its UK business as it seeks to step up expansion in the region...

UK companies risk being uninsured for data losses

UK insurers are stripping out swaths of technology-related cover — for everything from fires in data centres to IT meltdowns — from the...

Buffett puts protégé in charge at car insurer Geico

Warren Buffett’s investment protégé Todd Combs was named on Monday as chief executive of Geico, the US car insurance company which is one...

Lloyd’s of London rebuked for cutting off whistleblowing hotline

The Bank of England has placed Lloyd’s of London under special measures after Lloyd’s discovered shortfalls in its whistleblowing programme. It is the latest...

Lloyd’s lapse draws tighter scrutiny of whistleblower systems

Lloyd’s of London has been placed under enhanced scrutiny by the Bank of England after the insurance market discovered it had failed to...

Bermuda’s status as insurance safe harbour under threat

Pitts Bay Road in Bermuda is a who’s who of global insurance. Winding along the picturesque waterfront of Hamilton, the island’s capital, the road and...

UK corporate pension transfer market set for record year

The pension transfer market is on course for a record year in 2019 as UK companies offload ever bigger retirement schemes to life...

‘I had a brain tumour, but my insurer wouldn’t pay up’

When Ken Burridge* was rushed by ambulance to Kerry Hospital in Tralee, Ireland, suffering from headaches and poor coordination last July, a series...

Insurer TAL to repay $68,150 Centrelink debt deducted from disabled man's income protection

Insurer TAL has agreed to repay a $68,150 Centrelink debt generated after it deducted the full rate of the disability support pension from...