United Kingdom

Carolyn Cohn

Standard Life Aberdeen sells Boohoo shares, citing 'inadequate' response to allegations

10 Jul 2020

LONDON Investor Standard Life Aberdeen said on Friday it had sold its shares in fashion retailer Boohoo , describing the company's response to allegations of worker abuse at supplier factories as "inadequate".

UK's Admiral reinstates travel insurance for new customers, others hold back

10 Jul 2020

LONDON Insurer Admiral has restarted sales of travel insurance to new customers now Britons are once more allowed to go on holiday, but rivals Aviva , Direct Line and LV= are yet to follow.

Business interruption insurance claims are a worry, BoE says before court rules

08 Jul 2020

LONDON The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies cover big losses caused by the coronavirus crisis.

As insurers face hefty pandemic losses, newcomers see chance to step in

08 Jul 2020

LONDON Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new lines.

UK insurer Aviva appoints Blanc as CEO, strategy shake-up seen

06 Jul 2020

LONDON Aviva named independent director and former Zurich Insurance executive Amanda Blanc as its new chief executive on Monday who immediately signalled a potential strategy overhaul, sending the British insurer's shares up.

Lloyd's calls for state-backed 'Black Swan' reinsurance

01 Jul 2020

LONDON "Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London [SOLYD.UL] said.

Game over for sports betting on coronavirus insurance

01 Jul 2020

LONDON Major sports events working to get back up and running after the coronavirus crisis are likely to have to do so without cancellation insurance for communicable diseases as insurers remove cover or ramp up the cost.

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