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".
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.
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.
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.
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.
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.
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.