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...But one government official with direct knowledge of the matter said: “The Treasury is working towards a September fiscal event and will try to cut national insurance by another 2p. That’s the plan.”...
...But their moves have fallen short of offering direct compensation to victims’ descendants. The insurance industry is seen as having enabled slavery given its importance to global shipping....
...insurance profits as a proportion of revenues — of more than 10 per cent, its target....
...Analysts at Jefferies said the potential tie-up “makes sense”, arguing that Ageas and Direct Line’s combined share of the UK insurance market would be likely to provide cost savings but without worrying...
...Insurance is not supposed to be exciting. But Direct Line needs to offer some zing to its shareholders if it is to shake off the attentions of Belgium’s Ageas....
...A surge in insurance prices has repaired damage to its underwriting margins....
...Ageas said the deal would strengthen its position in the European market and help it rebalance towards non-life insurance business. Direct Line shares jumped 20 per cent to 197.5p on the news....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...Risky business: EU’s insurance regulator has called for urgent action over mounting economic damage from natural disasters such as floods and wildfires....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...After the financial crisis struggling banks sold or spun off insurance units: the UK’s RBS (now NatWest) spun off Direct Line; ING of the Netherlands listed insurer NN....
...The Scottish government unveiled its “progressive approach” to taxation in 2017....
...Responding to the chancellor in the House of Commons, shadow chancellor Rachel Reeves did not challenge his announcement of a 2 percentage point cut in the main rate of national insurance....
...Shares in Direct Line jumped 14 per cent after the UK motor insurer agreed to sell its brokered commercial insurance unit for £520mn in a bid to shore up its balance sheet after a string of profit warnings...
...Auto-insurance businesses are still losing money. And a run of unusually destructive bad weather has brought additional losses for their property-insurance businesses....
...Storah has almost 20 years of experience at the FTSE 100 insurance group....
...The pledge comes three years after the insurance market apologised for its role in the trade, which included extending crucial insurance to voyages and even insuring slaves as cargo....
...The remarks came as China’s government issued a direct warning to Taiwanese voters not to elect DPP candidate Lai Ching-te....
...Weightman told the FT he was untroubled by the fact that his direct approach meant Barings had evidence of how he had poached their staff....
...In June, the Financial Conduct Authority ordered Direct Line to carry out a review of claims paid out between 2017 and 2022 after it underpaid some car and van insurance customers....
...The news will also come as a setback to attempts by Lloyd’s to bring more investors into the insurance market, which is a centuries-old hub for specialist commercial insurance and reinsurance....
...The two also discuss the national insurance reduction, the future of Lifetime ISAs and the importance of appealing to younger voters in the run-up to the election. Read the full news story here....
...He is also the biggest individual shareholder, with a $200mn stake, in Axos, an internet-only bank that is now one of Trump’s largest direct lenders....
...“But he is too direct sometimes and, if you put him in a position where he had to handle international affairs, that might cause problems,” he said....
...Kuaishou is pushing out junior workers in their mid-30s, according to five people with direct knowledge of Limestone, including current and former employees....
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