Admiral chief’s Waterloo Foundation sells down

Admiral was one of the few insurers to beat market profit expectations during the first half, as it managed to increase motor rates...

High Court blocks Prudential’s £12bn annuities transfer to Rothesay

A UK high court judge has blocked the proposed transfer of £12bn of annuities from Prudential to Rothesay Life in a highly unusual...

What happens when a festival gets cancelled?

“It feels like a film set where a film was never shot.” That’s how Houghton festival described its site last week, when it...

Prudential: slow boat to China

Hoist the mainsail and set course for Asia. London-listed insurer Prudential has given itself an end-of-year deadline for demerging its UK operations. Chief...

Insurer Prudential to split by end of year

Prudential, the UK’s biggest insurance company, has confirmed that it will split itself up later this year. The demerger, which will separate the...

Insurer Admiral takes £33m profit hit after regulatory change

Motor insurer Admiral has taken a £33m hit to its profits from changes to the way that compensation payments for personal injury victims...

Aegon raids main rival NN for next chief

Dutch insurance group Aegon has hired the head of NN Group as its new chief executive in a rare case of an insurer...

Disgrace insurance: the company that predicts which celebrity will be shamed next

Five years ago, Janet Comenos worked for a mobile phone branding startup. Between sales calls, she developed “a nervous tic”: forever refreshing Perez...

New ransomware targets US and European companies

A new type of ransomware is attacking companies across the US and Europe, prompting a surge in claims on cyber insurance policies.Cyber insurance...

Prudential prepares for the big split

The looming split of Prudential, which will create a new FTSE 100 company worth up to £7bn, could be the first stage in...