Edition:
United Kingdom

Carolyn Cohn

Retiring late - As pensions underwhelm, more Japanese opt to prolong employment

10 Apr 2019

LONDON Yasuhiro Furuse could have retired two years ago, but he wasn't entirely happy with his pension income and had to put any such thoughts to bed.

Major UK financial firms make little progress on gender pay gap

05 Apr 2019

LONDON Major financial services firms in Britain have made very little progress in narrowing the gap between male and female pay and more than a third have gone backwards, a Reuters analysis of gender pay data shows.

Lloyd's of London suffers storm-filled losses, sees profit in 2019

27 Mar 2019

LONDON Hurricanes, typhoons and wildfires drove Lloyd's of London to steep losses for the second year running, though its chief executive said he expects a sharper focus on performance will bring the market back into profit this year.

Prudential shifts 36 billion pounds in assets to Luxembourg ahead of Brexit

14 Mar 2019

LONDON Britain's biggest insurer, Prudential, has transferred 36 billion pounds in customer assets to its new Luxembourg subsidiary ahead of Brexit, it said on Wednesday, as the company reported a six percent rise in operating profit.

Insurers face large claims after second Boeing 737 MAX crash

12 Mar 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Insurers face large claims after second Boeing 737 MAX crash

11 Mar 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Legal & General's record annuity sales raises dividend doubts

06 Mar 2019

LONDON Legal & General said it had made record sales of annuities in 2018, although some analysts questioned whether Britain's third-largest insurer could continue to raise its dividend at the same time, knocking its shares on Wednesday.

Aviva, eyeing strategy change, picks Tulloch as CEO

04 Mar 2019

LONDON Aviva Plc on Monday appointed internal candidate Maurice Tulloch as its new chief executive officer after a lengthy selection process, a choice which analysts say could herald change at Britain's second biggest insurer.

Bad weather batters insurer RSA's profits

28 Feb 2019

LONDON Bad weather and weakness in specialist commercial lines caused a 19 percent drop in British insurer RSA's full-year operating profit, sending its shares down on Thursday.

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