Zurich Acquires Beazley in $10.9bn Specialty Insurance Deal
Zurich Insurance Group has agreed to acquire FTSE 100 insurer Beazley for $10.9 billion, creating a global specialty insurance powerhouse headquartered in London.
Category : Insurance
City Law Firm Hires Security Experts for Middle East Staff
A leading City of London law firm has engaged specialist security consultants to safeguard its employees working in the volatile Middle East region, amid escalating geopolitical tensions.
Middle East Wealth Managers Find Safe Havens as Business Persists
Wealth management firms in the Middle East are relocating staff and assets to secure locations due to regional instability, while maintaining client services and operations.
Insurers Suspend Persian Gulf War Coverage, Threatening Global Trade
Major maritime insurers have suspended war-risk coverage for vessels entering the Persian Gulf following conflict escalation, jeopardizing 20% of global oil and LNG shipments through the Strait of Hormuz.
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Guardian Issues Corrections for March 2026 Articles
The Guardian newspaper has published a list of corrections and clarifications for articles from March 2026, addressing factual errors and providing additional context to ensure journalistic accuracy.
Katharine Braddick to Lead UK Banking Watchdog from Barclays
Katharine Braddick, a Barclays advisor and former Treasury director, will become CEO of the Prudential Regulation Authority in June, signaling a growth-focused approach in UK financial policy.
10 Banks to Slash Savings Rates in March, Experts Warn
Savers are urged to compare options as TSB, Barclays, and eight other banks plan interest rate reductions in March, with some rates falling as low as 1%, potentially costing hundreds in lost interest.
Nationwide £100 Fairer Share Bonus 2026: Eligibility Guide
Nationwide Building Society may pay £100 bonuses to members in 2026 under its Fairer Share scheme. Learn eligibility criteria, deadlines, and expert tips from Martin Lewis to qualify.
Royal London Chief: Schroders Sale to Nuveen Hurts UK
The head of Royal London Asset Management warns that Schroders' sale of its wealth management arm to Nuveen is a significant loss for the UK financial sector, raising concerns over foreign ownership and market consolidation.
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Secret Spouse Bank Account: Expert Advice on Financial Secrecy
A reader discovered her husband's secret bank account, a common issue affecting millions. Relationship experts advise calm communication and transparency to rebuild trust and address financial privacy in marriages.
Clyde & Co Advised on Epstein's $18M Private Jet Deal
Newly disclosed documents show law firm Clyde & Co provided legal counsel for Jeffrey Epstein's $18 million private jet purchase, raising questions about professional oversight in high-profile transactions.
How Partners and Family Can Pay Into Your Pension
Discover the little-known pension rule allowing partners, friends, or relatives to contribute up to £2,880 annually to your retirement savings, with tax relief boosting it to £3,600.
Half of Brits Would Use AI for Financial Advice
A new survey shows 50% of Brits would turn to AI for financial guidance, with younger generations leading the shift toward digital advice sources over traditional human advisors.
BNPL Services Tied to Growing Debt Issues in UK
A new report reveals that Buy Now Pay Later schemes are contributing to significant debt problems for UK consumers, with many struggling to manage repayments.
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AA's High Premiums Anger Long-Term Members
Readers share stories of excessive auto-renewal costs with the AA, highlighting loyalty neglect and regulatory failures in the insurance industry.
Fusty Five Outperform Magnificent 7 in 2025 Market Shift
A new analysis reveals London-listed 'Fusty Five' companies dramatically outperformed the tech-focused Magnificent 7 in 2025, signaling a potential shift toward value investing.
FCA Warned Against Low-Bidder Choice for Market Data Contract
The Financial Conduct Authority faces warnings to avoid selecting the lowest bidder again for a crucial UK market data contract, amid concerns over quality and reliability.
FCA Chair Says No to More Staff Despite Workload Rise
The Financial Conduct Authority's chair has stated that the regulator will not increase staff numbers to manage its expanding responsibilities, focusing instead on efficiency and technology.
Romance Fraud Turns Victims into Insurance Cheats
A new romance fraud scam involves scammers manipulating victims into staging car crashes and filing fake insurance claims, exploiting their identity rather than money, with risks including insurance fraud registration.
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Financial Abuse Survivor Advises Ministers After Guardian Report
Francesca Onody, who faced repossession after her abusive husband burned down their home, has been invited by City Minister Lucy Rigby to help shape government policy on economic abuse support measures.
ACCC Public Hearing on Coles' Illegal Tobacco Sales
The Australian Competition and Consumer Commission initiates a public hearing in New South Wales to investigate allegations of illegal tobacco sales by Coles, with political figures including Angus Taylor and Anthony Albanese involved.
Stone Point Capital Backs UK Wealth Manager Amber River
Stone Point Capital has made a strategic investment in Amber River, a UK wealth management firm, to support its growth and expansion plans in the financial services sector.
Bank of Ireland UK Hit with £3.8m Fine for Fraud Failures
The Bank of Ireland's UK arm has been fined £3.8m by the Payments Systems Regulator for missing a critical anti-fraud implementation deadline by over a year, exposing customers to increased risk.
Current Account Cash Warning: Excess Funds Lose Value to Inflation
New data reveals millions of UK current accounts hold excessive balances earning zero interest, with experts recommending keeping only £500-£1,000 for daily expenses while moving surplus funds to higher-yield accounts.
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UK Insider Trading Reports Fall to Eight-Year Low
Reports of insider trading in the UK have dropped to their lowest level in eight years, as the Financial Conduct Authority intensifies enforcement efforts and market surveillance.
Cazenove Cuts Deposit Rates, Lifts Schroders' Bottom Line
Cazenove Capital has lowered deposit rates for clients, a strategic move expected to enhance Schroders' profitability by reducing costs and improving margins in a competitive market.
Lloyd's of London Struggles with Modernization and Culture Issues
Lloyd's of London battles cultural scandals and digital delays as it seeks to modernize the 340-year-old insurance market under new leadership.
Breakdown Cover Shock: A Costly Lesson in Consumer Vigilance
Adrian Chiles shares his experience of overpaying for breakdown cover, highlighting the need for consumers to monitor service deals closely to avoid being overcharged.
Nevada Sues Kalshi Over Political Prediction Markets
Nevada files a lawsuit against Kalshi, alleging its political prediction markets violate state gambling laws, potentially setting a precedent for the industry.
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Carmakers Win Reprieve in £11bn Motor Finance Redress Scheme
UK carmakers secure relief from the FCA's £11bn motor finance redress scheme after intense lobbying, with captive lenders avoiding the full brunt of costs amid industry backlash.
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