UK market News

Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger

For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where its employees work …

UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million

Humn, a UK-based insurtech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a European expansion. BXR Group and Shell Ventures led the …

UK Companies Struggle to Find Workers Despite Salary Increases

Eight in 10 UK companies struggled to find workers last month despite many of them increasing wages, according to a survey that shows labor shortages are intensifying. The proportion was up sharply from three months earlier, with the squeeze most …

Vulnerable to Climate Change, England Must ‘Adapt or Die’, Agency Warns

England will be hit hard by floods like those that devastated Germany this summer if the country does not improve its defense against more extreme weather brought by climate change, a governmental agency said Wednesday. In a report, the Environment …

Howden to Acquire UK Broker Aston Lark From Goldman Sachs

Howden, the London-based insurance broking group, announced it has reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. Aston Lark is one of the UK’s leading, independent, specialist complex commercial and private client brokers. …

UK Gender Pay Gap Widens for Insurers, While Banks Make a Slight Dent

Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards. Companies in Britain with …

Aston Lark Acquires UK Insurance Broker S. Johnson & Co.

Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd. Established in 1990 and based in Birmingham, England, with a dedicated team led by Steven Johnson and Graham Ettrick, …

Why Post-Brexit Britain Is Economically Isolated, Vulnerable and Running on Fumes

Lines of cars snake from gasoline stations. Fights break out among angry motorists trying to get fuel. Grocery staples are out of stock on store shelves. A charity warns that doubling heating bills will force a million households to rely …

UK Financial Services Sector Calls for Eased Visa Requirements to Keep Competitiveness

LONDON — Britain’s financial sector has called on the government to ease visa requirements on overseas staff who want to work up to six months in the country to maintain global competitiveness. A Global Talent Mobility report from TheCityUK, City …

Connected Motor Insurtech Ticker and Abacai Partner to Raise Capacity, Expand Offering

UK connected motor insurtech Ticker and Abacai Group have partnered to increase Ticker’s capacity and introduce new levels of pricing sophistication, bringing connected insurance to a much wider market. Founded in 2018 and launched in 2019 with the backing of …