U.K.

The primary objective of Solvency II was to create a risk-based regulatory framework.

John Neal is set to leave the historic insurance market place for a new role overseeing Aon Plc's climate solutions and reinsurance businesses.

Data from the Environment Agency on Tuesday showed 6.3 million homes and businesses are in danger of damage from overflowing rivers, sea or drains.

Aviva Plc and Allianz SE are among potential bidders for Britain's home and motor insurance firm Esure Group Plc, according to people familiar with the matter.

The average insurance premium for EVs jumped to £1,344 ($1,700) at the end of last year, around double the cost of cover for traditional cars, according to UK insurance broker Howden Group Holdings Ltd.

The deal with landlord Ping An Insurance Group grants Lloyd's an option to stay until 2040, but also involves a commitment to invest in reducing the Grade I-listed building's energy footprint, the Financial Times reported.

The Pipeline, gender consultancy, found that while women made up almost every third executive committee member in the FTSE350 as of July, they tend to be in so-called "functional roles."

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

The damage has triggered the highest insurance payout in almost two decades, with experts warning that it could get worse.

The initiative enables insurtechs based in the U.K. to enter the U.S. insurance market through regimented programs and networking opportunities.