Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers …
Aviva, Britain’s biggest life insurer, is selling about 1 billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry. The move by insurance companies to sell holdings …
Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds worth around 18 …
A group of 40 investors managing $1.25 trillion in assets have launched a campaign to encourage 16 global food companies to change the way they source protein for their products to help to reduce environmental and health risks. The investors, …
BlackRock Inc., the world’s largest asset manager, said all investors should factor climate change into their decision-making and doing so would not mean having to accept lower returns. Global moves to coordinate a response to climate change took a big …
Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds ($2.22 …
Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have …
Shareholders in British insurer RSA are bracing for a lowball bid from prospective suitor Zurich Insurance, putting one of Europe’s largest ever insurance deals in doubt. After flagging its interest to the market on July 28, Zurich has until Tuesday …
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …
Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting in Germany this month to work on …
