The First Liberty Insurance Company

Formula One owner closes in on €4bn deal for MotoGP

...Formula One owner Liberty Media is in exclusive talks to buy the company that owns MotoGP for more than €4bn, in a deal that would unite the elite car and motorcycle racing series, according to people familiar...

March 27, 2024

Sport

Bridgepoint rejected higher bid for MotoGP from Ari Emanuel’s TKO

...“We’re going to keep the company independent,” Maffei said....

April 5, 2024

FT Live

Global Insurance Summit

Strengthening resilience, capital and innovation as systemic risks evolve

Insurance

Aon chief calls for better models for ‘stressed’ property insurance market

...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....

April 7, 2024

Lloyd's of London Ltd

Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s

...It is the latest coup for Lloyd’s, which has also attracted insurance group Aviva back to the market....

March 28, 2024

Lemonade Inc

Lemonade chief rounds on ‘naysayers’ who predicted insurance start-up’s demise

...The company expected net cash flow to turn “consistently positive” in the first half of next year....

March 3, 2024

UK insurance industry

MS Amlin sets growth plan after underwriting turnaround

...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....

March 12, 2024

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

Bridgepoint Capital Ltd

Bridgepoint considers sale of Swedish drinks maker Vitamin Well

...Bridgepoint first invested in Vitamin Well in 2016 using money from Bridgepoint Development Capital, a unit that invests in companies worth up to £200mn....

April 22, 2024

UK insurance industry

UK car insurance prices fall for first time in two years

...UK car insurance prices fell at the start of 2024 in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high....

April 18, 2024

Liberty Media Corp

Liberty Media plans US growth for MotoGP after €4.2bn deal

...“We’re going to keep the company independent. We’re certainly not going to be trying to merge and sell the product in the TV market as one,” he said....

April 1, 2024

News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial

UK car insurance prices fall for first time in 2 years

...UK car insurance prices fell at the start of the year in the first quarter-on-quarter drop in more than two years, signalling some relief for households after costs hit an all-time high last year....

April 18, 2024

Climate change

EU regulator urges action on climate threat to insurance

...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....

April 22, 2024

The FT ViewThe editorial board

The painful rise in home insurance costs

...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....

April 1, 2024

Liberty Global PLC

Liberty Global restructures European units in effort to revive shares

...A spokesman for Liberty Global said this should not taken as a signal that the company would be taken private. The company plans to buy back up to 10 per cent of its shares this year....

February 16, 2024

Greensill Capital

Zurich accuses Greensill and Gupta groups of conspiracy to deceive its underwriters

...The filing also alleges that one of Zurich’s own underwriters, Steven Kent, “acted outside the scope of his authority” in increasing the level of insurance he extended to Liberty....

February 2, 2024

Liberty PLC

Liberty bets on own-brand goods to drive growth

...Mehboob-Khan said there was “a lot of demand for [Liberty’s brand] to go outside beyond our ecommerce”, which could lead to the first new stores since last century....

January 13, 2024

FT Live

Transforming the Finance Function with AI

Strategies for delivering advanced analytics, automation and decision-making

Insurance

Scrapping the spreadsheet: start-ups take aim at an old insurance addiction

...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....

April 7, 2024

Aviva PLC

Aviva returns to Lloyd’s of London for first time in two decades

...Aviva is re-entering Lloyd’s of London for the first time in more than two decades to boost its exposure to the thriving commercial insurance market....

March 4, 2024

Direct Line Insurance Group PLC

Direct Line launches £100mn saving plan as it fights takeover interest

...first....

March 21, 2024

ageas SA/NV

Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas

...Its existing UK operation is the sixth largest in car and home insurance, according to the company....

February 28, 2024

Private equity

Is private equity’s bet on life insurance turning sour?

...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....

March 25, 2024

UK insurance industry

UK home insurers hit by surge in weather damage claims

...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....

April 14, 2024

New York Community Bancorp Inc

NYCB to raise $1bn in deal led by Steven Mnuchin’s investment firm

...Mnuchin started Liberty in 2021 after leaving the Trump administration....

March 6, 2024

UK insurance industry

Admiral signals end of car insurance price surge

...The company set a new target to generate £2bn of operating profit by 2026, and new guidance that the cash cost of its dividend should grow by a mid-single-digit percentage....

March 7, 2024

Lloyd's of London Ltd

Lloyd’s of London delivers best underwriting performance since 2007

...According to an index from insurance broker Marsh, global commercial insurance rates rose in the final three months of last year, the 25th straight quarter of increases....

March 7, 2024

LexLloyd's of London Ltd

A Lloyd’s of London revival will require more nimble regulation Premium

...Lloyd’s of London — the world’s oldest insurance market — acquired a reputation for inefficiency, complacency and boorish behaviour. Yet last year’s performance was the best for 16 years....

March 22, 2024

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