Ian Smith

Friday, 9 June, 2023

Tuesday, 6 June, 2023

Confederation of British Industry

CBI wins vote of confidence after claims of misconduct

Business lobby group fails to secure Sunak pledge for immediate re-engagement

Sunday, 4 June, 2023

Confederation of British Industry

Siemens and Microsoft give last-minute backing to CBI

German conglomerate coordinating letter of support for crisis-hit UK lobby group ahead of vote of confidence on Tuesday

Friday, 2 June, 2023

Health sector

More than 400 Grail patients incorrectly told they may have cancer

Error prompts life assurance customers to pause or review relationship with early detection biotech

Wednesday, 31 May, 2023

News in-depthConfederation of British Industry

Critics underwhelmed by CBI’s ‘programme of change’

Businesses and ministers show little solidarity with lobby group after it publishes reform plans ahead of EGM

Wednesday, 31 May, 2023

War in Ukraine

‘Plan B’ needed on Russia sanctions, says top Lloyd’s marine insurance figure

Warning about consequences for shipping market echoes wider concerns about growing ‘shadow fleet’

Wednesday, 31 May, 2023

Confederation of British Industry

CBI to recruit new president as part of governance overhaul

Consultants say blanket portrayals of ‘toxic’ culture at scandal-hit UK business lobby group ‘not accurate’

Wednesday, 31 May, 2023

Prudential PLC

Prudential’s chief financial officer resigns after conduct probe

James Turner ‘fell short’ of standards required in a recruitment situation, insurer says

Tuesday, 30 May, 2023

Insurance

Insurance industry turmoil over climate alliance exodus

Departures come as anti-ESG campaigners claim group is anti-competitive

Friday, 26 May, 2023

Climate change

Lloyd’s and five big insurers quit sector’s net-zero initiative

Alliance members fear antitrust lawsuits and have faced criticism from US Republican politicians

Wednesday, 24 May, 2023

Aviva PLC

Aviva’s private health cover sales jump 25% as NHS struggles with backlog

Independent data shows record number of UK patients paying for treatment

Monday, 22 May, 2023

London fights for its future

It’s not just the equity market: insurance must be part of London’s competitiveness debate

Senior executives say ‘one-size-fits-all’ rules and slow regulatory approvals are holding sector back

Wednesday, 17 May, 2023

Capita PLC

Capita hit by new data breach incident

Colchester Council said files including benefits data were found on an unsecured Amazon Data Bucket controlled by the outsourcer

Friday, 12 May, 2023

Universities Superannuation Scheme

Leading pensions client warns data for 470,000 members at risk from Capita hack

UK’s biggest private sector pension plan says private details of members were on outsourcer’s hacked servers

Tuesday, 9 May, 2023

Direct Line Insurance Group PLC

Direct Line warns of fresh pressure on earnings from inflation

Rising costs of repairing damaged vehicles add to difficulties for UK insurer despite 19% increase in premiums

Tuesday, 9 May, 2023

Cyber Security

Risk managers warn cyber insurance could become ‘unviable product’

Concerns grow over insurers failing to cover big state-backed attacks

Thursday, 4 May, 2023

Cyber Security

Capita warns some pensions data ‘likely’ to have been taken in cyber attack

Outsourcer tells trustees its investigation could be finalised by end of next week

Wednesday, 3 May, 2023

Capita PLC

FCA contacts Capita’s clients over cyber attack

UK regulators urge outsourcer’s customers, including insurers and pension funds, to examine data loss

Sunday, 30 April, 2023

News in-depthUS politics & policy

Long-lived rivals: actuaries say Biden and Trump are not too old for office

Leading candidates can expect to live well beyond the presidential term, according to modelling

Friday, 28 April, 2023

Ron DeSantis

DeSantis visits London to burnish foreign policy credentials

Florida governor meets UK foreign secretary after tour of Japan, South Korea and Israel

Thursday, 27 April, 2023

Workplace pensions

Bank of England warns insurers over corporate pension deals

Senior regulator urges ‘moderation’ as new data underlines potential market growth

Wednesday, 26 April, 2023

American International Group Inc

AIG investors urged to oppose chief’s $50mn pay award

Biggest proxy advisers say special five-year scheme is excessive and insufficiently tied to performance

Sunday, 23 April, 2023

UK business & economy

UK live events Covid insurance scheme paid out just once

Government’s ‘hardline’ stance on how system worked limited impact of Rishi Sunak’s policy

Friday, 21 April, 2023

Confederation of British Industry

Companies desert CBI after second rape allegation

UK employers’ group to suspend operations until June as members exit en masse

Thursday, 20 April, 2023

Financial Conduct Authority UK

FCA to clamp down on high insurance costs for leasehold flats

Regulator will protect against brokers who overcharge and hand large commissions to landlords

Insurance correspondent

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