Compare Critical Illness

US prosecutors began to present their evidence to support allegations the Texas banker ran a $7bn Ponzi scheme for more than a decade

European financials have rebounded strongly but is this the moment to chase the rally or maintain pessimism, asks Richard Milne

Consumer groups applaud revamp move to make sure right the products are sold to the right people

Insurance group holds on to a profit in the fourth quarter by raising rates to compensate for a surge in catastrophe pay-outs last year

The Financial Services Authority is pressing banks to cut bonus pools to reflect huge losses triggered by mis-sold loan insurance

The backers of Barbican Insurance call on the rival group to begin talks to create a ‘merger of equals’ between the two Lloyd’s underwriters

Michel Liès to take charge after surprise exit of Stefan Lippe last month

Churchill and Direct Line found to have altered files on customer complaints to ensure they met Financial Services Authority standards

Consumer groups want to shift the oversight of ‘payday lending’ and credit cards to the new watchdog with an ‘interventionist’ approach

Total insurance losses from cruise ship may make it one of the costliest ever marine-related disasters, some analysts and underwriters warned