Greensill’s demise turns spotlight on Marsh

Last summer, Marsh McLennan, the world’s largest insurance broker, aimed a shot across the bow of The Bond & Credit Co, a little-known Australian...

Saga hit by £61m loss as Covid takes toll on tours and cruises

Saga, the travel and insurance company for the over-50s, has revealed it made a £61m loss before tax last year after the Covid-19...

Lex Greensill assured staff of ‘enormous’ liquidity before collapse

Lex Greensill told employees that his company enjoyed “enormous” liquidity just three weeks before the finance firm collapsed into insolvency.Greensill, a 44-year old...

Insurance broker Ardonagh launches asset management arm

Ardonagh, one of the UK’s biggest privately owned insurance brokers, has launched an asset management arm as it steps up its buy-and-build strategy...

Lloyd’s of London to pay out £6.2bn on Covid-19 in most costly insurance event...

Payouts on pandemic-related disruption are set to hit £6.2bn, insurance market Lloyd’s of London has said. The coronavirus pandemic is the most costly...

Lloyd’s of London: from shoe gazing to premium raising

Accountants are more extroverted than insurance actuaries. The latter stare at their shoes while the former stare at your shoes, goes the joke....

Lloyd's of London hit by loss after £6.2bn Covid payouts

The insurance market Lloyd’s of London expects 2020 payouts for claims related to the Covid-19 pandemic to reach £6.2bn, pushing it to a...

Lloyd’s of London braced for hit of more than £6bn from Covid claims

The coronavirus hit to Lloyd’s of London is expected to top £6bn in claims paid, with the impact of the pandemic enough to...

Who pays for Suez blockage? Ever Given grounding could spark years of litigation

After hauling its 240,000-ton bulk down the Suez canal a week after blocking the essential waterway, the container ship the Ever Given is...

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