News

Lloyd's of London insurance has appointed its first ever female chief executive in its 325-year history, succeeding Richard Ward.

Lloyds Bank fined record £28m by FCA over toxic ‘sell or be demoted’ scheme

Sales staff under pressure to hit targets for bonuses or risk being demoted

The Business Matrix: Wednesday 11 December 2013

End of the road for VW Kombi vans

Brokers and underwriters line the balconies and escalators of the Lloyd's of London building in central London

Armistice Day 2013: Britons at home and abroad pay tribute

Estimated 4,000 people were in Trafalgar Square to observe the silence

Jim Armitage: Disaster warning for insurance market has a familiar ring about it

Outlook Who could ever imagine a repeat of the conditions behind the banking crisis? Surely we will never forget them: a wall of money seeking a home, low interest rates driving investors to ever more complicated assets in search of returns, a resulting downward pressure on prices as investors compete to buy without properly assessing the risk. And finally, disaster: losses on an unforseen scale.

Kyle Edmund shows off his winner’s plate at Roland Garros

Kyle Edmund heads for Queen's fresh from Roland Garros glory

A previously forgettable French Open for Britain ended in hope for the future. In the absence of the injured Andy Murray there were no victories for Britons in either the men's or women's singles competitions, but Kyle Edmund left Roland Garros on Saturday night as the first British champion there for 31 years.

Prettejohn to join the PRA's board

Insurance executive Nick Prettejohn has been appointed to the board of the Prudential Regulation Authority.

The Business Matrix: Saturday 20 April 2013

Levi's wins 'red tab' trademark case

Next man takes hot seat at easyJet

EasyJet has drafted in Next's John Barton to replace Sir Mike Rake as chairman at the budget airline in a move that should soothe the board's relations with founder Sir Stelios Haji-Ioannou. Sir Stelios repeatedly clashed with Sir Mike over aircraft orders and executive pay.

Lloyd's back in black but complains about European red tape

Richard Ward, the chief executive of Lloyd's of London, vented his frustration at the billions that insurers have spent complying with European red tape yesterday.

Anthony Hilton: Banks need their Hiscox, the man who salvaged the reputation of Lloyd's

Walking into the Savoy Ballroom on Wednesday for a dinner to mark Robert Hiscox's move from chairman to honorary president of the firm which bears his name, the man concerned delivered a typically robust greeting: "You are the only journalist here and you are not to write about it."

JLT chief hails the City's success

Forget bashing bankers – we should be heralding the success of London's insurance industry, the boss of Jardine Lloyd Thompson has said.

The Business Matrix: Saturday 9 February 2013

Boss reports 8% rise in earnings

The Business Matrix: Friday 8 February 2013

Battery rethink for Dreamliner

UK companies facing a $300m bill from Superstorm Sandy

Britain's insurance industry has been handed a bill for more than $300m (£185m) for losses caused by Superstorm Sandy at the end of October.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform