Howden, the London-based international insurance broker, announced the signing of the acquisition of SPF Private Clients (SPF), subject to regulatory approval. Financial details of the deal were not disclosed. SPF was formed in 2011 after a management buyout and rebrand …
The Jensten Group, the UK independent insurance broking group, has embarked upon a transformation program across the business which will see it simplify its corporate structure, systems, and brands. The restructure will see the business rationalize over a period of …
A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according to people familiar with the probe. The fraud cops are examining the way firms, including Marsh & McLennan Cos.’ Jardine …
Many managers at UK companies expect to dial back their pandemic-era embrace of remote work and flexible arrangements once COVID-19 recedes, dampening hopes among employees that many of the changes will endure. A survey of UK managers and human resources …
Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain is banning Russian companies from the multi-billion-dollar aviation and space …
A push to make London more attractive as a global financial center after Brexit must not threaten high standards of solvency and behavior at banks, insurers and markets, the International Monetary Fund said on Wednesday. The IMF said in its …
Britain will unlock “tens of billions of pounds” of insurance sector capital that should boost the economy through infrastructure investment, financial services minister John Glen said on Monday. The six-year-old “Solvency II” capital requirements were inherited from the European Union …
Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced Healthwise Group Ltd. as its second healthcare acquisition of 2022. Financial details of the transaction were not disclosed. Founded in 1993 and based in Dudley …
With pandemic restrictions in the UK largely gone, offices are getting busier. Yet vast numbers of desks still remain empty. Even with COVID-19 case numbers flat or falling in the UK, U.S. and much of Europe, many employees are still …
Britain’s finance ministry said on Friday that Richard Lloyd had been appointed interim chair of the Financial Conduct Authority from June at a “pivotal” time for the watchdog as it faces internal and external challenges. Lloyd, a former head of …
