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Rapid shocks in store for insurers in new Bank of England tests

UPDATE 2-Rapid shocks in store for insurers in new Bank of England tests Adds industry reaction in paragraph 6 By Huw Jones LONDON, Oct 3 (Reuters) - The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a 'stress test' that includes a rapid series of shocks, as sector capital rules are eased. Regulators have introduced stress tests since the global financial crisis of 2008 to check if banks and insurers are holding enough capital, and uncover risks on the
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UK watchdog sets three-month deadline to improve car insurance

UPDATE 1-UK watchdog sets three-month deadline to improve car insurance Adds more detail in paragraphs 2-4, and 6-9 By Huw Jones LONDON, Sept 20 (Reuters) - Britain's financial watchdog has told motor insurers they have three months to improve the value they give customers in products that top up coverage, or face potential sanctions. The Financial Conduct Authority (FCA) said on Wednesday it had asked insurers to check if their products offer value for money, a requirement reinforced by the wat
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BMW, Pernod-Ricard SA, Remy Cointreau

EUROPE RESEARCH ROUNDUP-BMW, Pernod-Ricard SA, Remy Cointreau Sept 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW , Pernod-Ricard SA and Remy Cointreau, on Thursday. HIGHLIGHTS * 1&1 AG 1U1.DE : Citigroup raises to buy from neutral * BMW BMWG.DE : Barclays cuts to underweight from equal weight * Pernod-Ricard SA PERP.PA : Barclays cuts to underweight from overweight * Remy Cointreau RCOP.PA : Barclays cuts to underweight fr
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Higher pay makes life harder for Treasury and BoE

BREAKINGVIEWS-Higher pay makes life harder for Treasury and BoE The author is a Reuters Breakingviews columnist. The opinions expressed are their own. LONDON, Sept 12 (Reuters Breakingviews) - UK employees and pensioners can raise a glass. Average total pay, including bonuses, rose at an annual rate of 8.5% in the three months to July, faster than inflation.
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UBS job cuts are tiny strike at Asia wealth fears

BREAKINGVIEWS-UBS job cuts are tiny strike at Asia wealth fears The author is a Reuters Breakingviews columnist. The opinions expressed are their own. Refiles remove echo in final paragraph. SINGAPORE, Sept 12 (Reuters Breakingviews) - Just three months after the world’s biggest wealth manager sealed the takeover of its Swiss rival, UBS UBSG.S is set to cut at least 100 jobs in Asia including from teams acquired from Credit Suisse.
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