It’s an exciting time of the year for many young people, with some setting off to university for the first time and others starting to polish their applications for next year. Good news if you have been accepted to read economics at Cambridge, say, or business studies at Oxford. A survey by the Sunday Times […]
The UK is the 7th most competitive economy in the world, up from 10th last year
The UK has surged to seventh place in a highly-influential ranking of the world’s most competitive economies. The World Economic Forum (WEF) said the UK had overtaken Hong Kong, Japan and Finland to climb three places in this year’s global competitiveness index, more than reversing last year’s embarrassing fall to 10th place. The WEF hailed the UK’s […]
UK Health insurer bribes customers to exercise with an Apple Watch
Ahealth insurer has become the first in Britain to bribe people to exercise in return for a smartwatch – but customers tempted to cheat on their daily quota are warned that they could be committing insurance fraud. Vitality has signed a deal with the technology giant Apple that it hopes will tap into Britons’ growing taste […]
L&G set to double new business sales in retirement division in 2016
Legal & General says it’s on track to double new business sales in its retirement arm Legal & General said today that it’s on track to double new business sales in its retirement division, with sales currently at £5.4bn – compared with £2.9bn for last year. The group said its retirement business “continues to experience […]
Aspen Re appoints Philip Hough as new Asia Pacific head
Aspen Re has appointed Philip Hough as managing director for the Asia Pacific region, it announced today. Hough will replace Thomas Lillelund, who previously headed up the carrier’s Singapore operation before being promoted to become CEO of Aspen Re. Since January 2015, Hough has been Aspen’s global product head for international property pro rata and […]
BREXIT FALLOUT: 76% of UK CEOs said they would consider moving operations abroad
The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of 100 business leaders by the accountancy firm KPMG. Some 72 percent of the CEOs surveyed said they voted “Remain” in the June […]
Evan Greenberg to step down from Coca-Cola board to focus on Chubb
Coca-Cola Co., the largest maker of soft drinks, said Evan Greenberg is stepping down from the board to focus on his duties as chairman and chief executive officer of insurer Chubb Ltd. Greenberg, 61, is resigning effective Oct. 1, Atlanta-based Coca-Cola said Monday in a statement. He has been a director since 2011. He built […]
Standard Life will re-open its property fund in October
Standard Life Investments will re-open its property fund in October after disposing of assets during a period of suspension. After the Brexit vote, several property funds were forced to suspend trading due to a spike in redemption requests, freezing £15-20bn worth of funds. Standard Life said it would open the fund again on 17 October […]
Hear from Lloyd’s of London CEO on Brexit contingency plans
Inga Beale, chief executive officer at Lloyd’s of London, discusses the impact of Brexit on their business and the U.K. insurance market. Beale also explains why the company is setting up two post-Brexit contingency plans. She speaks with Bloomberg’s Mark Barton on “Bloomberg Markets.” Watch Now: Bloomberg
London Market Group appoints Chris Beazley as first permanent CEO
London Market Group (LMG) has appointed Chris Beazley as its first permanent chief executive officer (CEO) effective November 7. Beazley will take over from Ben Reid, who was seconded from Ernst & Young (EY) as interim CEO. Reid will return to EY where he has been promoted to become an executive director. “We are delighted […]