Insurance

M&G has swung to a £165m loss for the six months of the year, driven by a £325m write-down, due to the Labour government's introduction of a cap on existing ground rent. The insurer and asset manager still managed to beat market expectations. Adjusted operating profit, which excludes

Lloyds of London saw its profits before tax decrease to £3.5bn in the first half of 2026, down 16.8% from £4.2bn for the same period, warning that "geopolitical instability" is threatening syndicates. Lloyd's explained that its investment returns of £1.8bn, down from £3.2bn,

Sandy Begbie has a message for anyone convinced artificial intelligence is about to wipe out entry-level jobs in Scottish financial services: it isn't happening, not yet, and not the way the debate suggests. "No one is saying to us that there's any major job losses," the Scottish Financial Enterpris

Hedge funds, insurers and pension funds across the City are scrambling to close out internal misconduct investigations before new FCA rules, designed to stop so-called "rolling bad apples", take effect next month. The term refers to rogue employees who move between firms without ever facing conseque

Life insurer and asset manager Aegon has increased its planned second-half share buyback program after recording an operating result of €804m in the first half of 2026. Aegon announced on the same day as its results that chief financial officer Duncan Russell would step down and leave the compa

Aviva's UK and Ireland general insurance chief executive Jason Storah (C) Aviva Aviva's UK and Ireland General Insurance chief executive Jason Storah has revealed the insurer wants to "ramp up" its specialty personal lines provision by leveraging newly integrated Direct Line.

Specialist international reinsurance broker Willis Re has agreed to buy BMS Groups' US reinsurance division. The broker is hoping the deal will allow it to sharpen the focus of its global reinsurance business as it snaps up BMS Re US, BMS Intermediaries, BMS Capital Advisory and its reinsurance brok

Aviva's UK and Ireland general insurance chief executive Jason Storah has avoided answering questions around the impact of its Artificial Intelligence (AI) investment on the workforce as it continues to adopt the technology. Mr Storah acknowledged that the firm was exploring "how many people do we n

Major banks, insurance companies and building societies have tightened up their inclusion policies to require staff and visitors to use single-sex spaces matching their biological sex, rather than  their gender identity, in order to comply with the Supreme Court ruling. Admiral, Coventry Buildi

Aviva has beaten market expectations as its integration of Direct Line and general insurance division drove its operating profits for the first half of 2026 by 24%. Chief executive Dame Amanda Blanc's £3.7 billion bet on taking over motor insurer Direct Line has paid off, helped by the number

Aviva is trading near 52-week highs ahead of its first-half results, as all eyes are on chief executive Amanda Blanc following its multi-billion pound turnaround. Analysts are expecting profits for the first half of the year to rise by roughly 17.5% year-on-year to £1.3 billion.  A s

Legal & General has strengthened its board with the appointment Kirsty Cooper CBE as an independent non-executive director. Ms Cooper will stand down as a director of Scottish Widows on October 31 before taking her new role as group remuneration and group enterprise transformation committees &nb

London Market Group (LMG) has called on the UK Government to add a "ratcheting mechanism" to prevent complacency in the sector as part of the Financial Services and Markets Bill. The trade body proposed changing clause 17 of the draft bill, currently making its way through the House of Commons, in a

Independent insurance broker, TL Dallas, has appointed Cara Mackenzie as its new regional placement manager for Scotland, a role that will see her overseeing the company’s insurer relationships across the region. In her new position, Ms Mackenzie will be responsible for managing and strengthen

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) in connection with a miscalculation of their Solvency II balance sheet during 2023 and 2024. This resulted in UKI Limited overstating its solvency to the PRA and to t