Swiss insurance giant Zurich said Monday that it has made a £7.7 billion ($10 billion) proposed offer for London-listed Beazley PLC after the British rival rejected a lower offer earlier in January.
Swiss insurance giant Zurich said Monday that it has made a £7.7 billion ($10 billion) proposed offer for London-listed Beazley PLC after the British rival rejected a lower offer earlier in January.
Auction Technology said Monday that it has rejected another proposed cash offer from FitzWalter Capital Ltd., its largest shareholder, which valued the British online marketplace operator at £491 million ($658 million).
The absence of clear guidance from the government and regulators on the use of artificial intelligence by finance companies could cause "serious harm" to consumers and the financial system, lawmakers warned on Tuesday as they set out the steps needed to erect guardrails.
Fintel PLC said Monday that a subsidiary has acquired the market pricing business of Pearson Ham Group for £11 million ($14.7 million) as it looks to expand its software and data division and strengthen its position in Britain's insurance sector.
Insurance chief executives have entered 2026 with confidence in the sector's growth prospects and a bullish appetite for mergers and acquisitions, but warn of increasing risks from AI and cyber-attacks, according to a report by KPMG published on Monday.
The Property Franchise Group PLC said Monday that it has bought an 85% stake in mortgage advice company Smart Advice Financial Solutions Ltd. as it seeks to expand in southwest England.
