United Kingdom

Lena Masri

Fire and hail push insurers to rethink climate change risks

19 Sep 2019

LONDON By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burned both his tractor and the shipping container where he kept some tools. His insurer is set to pay out a sixth of his losses.

U.N. says women and babies at risk in Yemen as funds crunch forces clinics to shut

05 Sep 2019

LONDON, Sept 5 (Thomson Reuters Foundation) - The United Nations warned on Thursday that more than half its reproductive health facilities in war-hit Yemen would close by the end of this month, putting the lives of women and babies at risk, unless it got more funding.

Catastrophes set to drive 2020 reinsurance rates higher

03 Sep 2019

LONDON Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said.

Third of UK's top companies to cut executive pensions - investor body

28 Aug 2019

LONDON Nearly a third of the companies in Britain's FTSE 100 index of blue chip firms have agreed to cut pension payments for executives, the Investment Association said on Wednesday, amid increasing scrutiny of the gap between bosses' and ordinary workers' pensions in Britain.

Vision Fund makes $110 million bet on renewable energy storage

15 Aug 2019

LONDON Softbank Group's Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault.

Admiral's first-half pretax profit up 4% despite Ogden rate hit

14 Aug 2019

LONDON British insurer Admiral on Wednesday posted a 4% rise in first-half pretax profit helped by the release of money put aside for claims written in previous years.

Lloyd's of London meets second-quarter electronic trading target

12 Aug 2019

LONDON Lloyd's of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and save costs.

Woodford tops list of UK All Companies fund laggards - report

10 Aug 2019

LONDON Under-fire Neil Woodford leads a list of underperforming money managers two months after his flagship fund was frozen, triggering anger among investors and lawmakers.

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