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* EU watchdog tells insurers: halt payouts over coronavirus* Several insurers reluctant or opposed to recommendation* French, Dutch regulators back EIOPA; Germany against* Swiss, UK, Italian watchdogs broadly supportive (Adds French regulator, AXA, ...
Read more(Adds central banks, analysts, Swiss Re)By Alexander Hübner and Huw JonesMUNICH/LONDON April 3 (Reuters) - Shares in Europe's insurers fell sharply on Friday after the EU regulator said they should temporarily halt payouts to shareholders during th...
Read more(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 1.2%, FTSE 250 drops 2.3%* UK insurers down after EU asks peers to suspend dividend* London bus operators gain as government throws lifeline* BP, Royal Dutch She...
Read moreLONDON, April 3 (Reuters) - The Bank of England said on Friday it backed calls from the European Union's insurance regulator for insurers to pay close attention to protecting policyholders when deciding whether to pay dividends or bonuses."We ther...
Read more(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 1.2%, FTSE 250 drops 1.1%April 3 (Reuters) - UK's FTSE 100 fell on Friday as oil stocks retreated after a strong showing in the previous session, while insurer...
Read more(Adds Legal & General, Royal London, detail, background)By Carolyn CohnLONDON, April 2 (Reuters) - Investment managers BlackRock and Schroders have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in ge...
Read more* Banks to cancel 2019, interim 2020 dividends* Move in response to request from UK regulator* Regulator wants banks, insurers not to pay top staff bonuses* Banks yet to state changes to bonuses* Banks' shares fall more then 5% on Wednesday morning ...
Read moreBy Huw JonesLONDON, March 26 (Reuters) - Britain's lawmakers have piled more pressure on insurers to show flexibility to businesses and customers making claims during the coronavirus epidemic that has shut down most of the economy.The Treasury Se...
Read moreBy Huw JonesLONDON, March 19 (Reuters) - Although this week's suspensions of UK property funds were due to fallout from coronavirus rather than cash calls, they raise "legitimate questions" about offering daily redemptions, the Financial Conduct ...
Read more* Aviva, Standard Life, Columbia Threadneedle suspend funds* Follows Kames Capital, Janus Henderson suspensions Tuesday* FCA says pricing uncertainty likely to see more follow suit (Adds Columbia Threadneedle, L&G suspension, RICS comment, bullet ...
Read more(Updates with Janus Henderson, industry comment, background)By Huw Jones and Carolyn CohnLONDON, March 17 (Reuters) - Asset managers Kames Capital and Janus Henderson said on Tuesday they had temporarily suspended dealings in their UK real estate f...
Read moreLONDON, March 7 (Reuters) - Insurers are expected to pay policyholders an estimated 363 million pounds ($471.79 million) for flood and wind damage from two storms in Britain last month, the Association of British Insurers said on Saturday.A total ...
Read more(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 slips 0.2%, FTSE 250 down 0.3%March 4 (Reuters) - UK stocks inched lower in early trading on Wednesday as investors worried about the extent of the global economic ...
Read more* Operating profit beats forecast* Bulk annuities total 11.4 bln stg, up 25%* Similar bulk annuity volume seen this year - CFO* Net release from operations misses forecast (Recasts, adds analyst, shares)By Carolyn CohnLONDON, March 4 (Reuters) - The...
Read more(Adds detail, CFO comments)LONDON, March 4 (Reuters) - British life insurer Legal & General posted an above-forecast 12% rise in 2019 operating profit to 2.1 billion pounds ($2.69 billion) on Wednesday on record company pension deals and said it s...
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