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Pressure had been building on the group after it scrapped its dividend earlier this month
Prudential Regulation Authority’s stress test of 16 life insurers finds their assumptions ‘optimistic’
A surge in online attacks on companies has sparked concern that the threat will become ‘uninsurable’
Campaigners say new standard allows firms to omit the largest chunk of greenhouse gases
Prudential Regulation Authority warns of potential hit to public purse
Insurers would no longer be able to rely on rating agencies for assessment of CFOs
FTSE 100 company reshapes underwriting book to try to meet climate goals
Industry figures fear new regulatory powers could limit their ability to boost investment in the economy
While start-ups have revolutionised retail and travel, they have barely made a dent in this sector
Company’s failure to see potholes ahead is disappointing
Also in today’s newsletter, the ‘new normal’ of huge natural disaster losses
Freezing temperatures in December are latest blow to insurance group
Top 10 per cent male earners pay more in national insurance than they get in retirement benefit, study reveals
Narrow definition of cases leaves claimants on the hook after state-backed policies drop free care
Template eyed as source of capital for area of insurance in high demand
But any drop in rates later in 2023 could hit demand recovery
Soaring increases in crucial January renewals threaten to raise premiums and reduce cover on offer
American Equity’s chief executive battles to keep annuity provider independent as acquirers circle
Underwriting of cargoes to India, China and Turkey a sign Vladimir Putin has yet to block sales under G7 price cap
There is growing concern among industry executives about large-scale strikes
Lawyers and non-profits turn to medical science in drawn-out fight for business interruption payouts
Treasury wants underwriting details to assess ‘vulnerabilities’ to extreme weather losses
Ending of zero-Covid strategy spurs industry to withdraw low-cost policies exposed to expected wave of infections
Move to restructure financial products division aims to curb claims from former executives
High prices for natural catastrophe cover are here — how long they stick could depend on climate risk appetite
International Edition