Lee Harris Journalist Profile

Articles

UnitedHealth shares plunge further as chief Andrew Witty steps down

2 days ago | ft.com | Patrick Temple-West |Lee Harris

UnitedHealth Group shares sank to their lowest level in more than four years after the insurance group said that former chief executive...
Insurers launch cover for losses caused by AI chatbot errors

4 days ago | ft.com | Lee Harris |Melissa Heikkilä

Insurers at Lloyd’s of London have launched a product to cover companies for losses caused by malfunctioning artificial intelligence...
BoE watchdog tells banks and insurers to fix climate risk ‘gaps’

2 weeks ago | ft.com | Martin Arnold |Lee Harris

Banks and insurers have “gaps” in how they address climate change risks, such as flooding and extreme weather, the Bank of England has...
Direct Line investors urged to reject bonus awards ahead of Aviva takeover

2 weeks ago | ft.com | Lee Harris |Emma Dunkley

An influential proxy adviser has told Direct Line investors to vote against bonus awards worth 300 per cent of base salary, placing the...
New York pension funds put asset managers on notice over climate plans

3 weeks ago | ft.com | Lee Harris |Sun Yu

Powerful New York City public pension funds are prepared to drop asset managers that do not comply with its climate plans, comptroller...
Lloyd’s of London chair backs internal CEO replacement

1 month ago | ft.com | Lee Harris |Patrick Jenkins

The outgoing chair of Lloyd’s of London has thrown his weight behind the leading internal candidate to become chief executive of the...
Cinven sells life insurer after scrutiny of private equity ownership

1 month ago | ft.com | Alexandra Heal |Florian L. Muller |Florian Müller |Lee Harris

Cinven has sold German life insurance group Viridium to a consortium including Allianz, BlackRock and Japan’s T&D Holdings in a €3.5bn...
Hidden ‘double dip’ charges hit UK car insurance customers on monthly contracts

1 month ago | ft.com | Lee Harris |Martin Arnold

The UK’s largest car insurers have piled hidden costs on top of double-digit interest rates for customers paying in monthly instalments,...
L&G to sell US business in move to slim down and hand cash to shareholders

Feb 7, 2025 | ft.com | Lee Harris |Mary McDougall

Legal & General has brokered a deal to sell its US insurance business to Japan’s Meiji Yasuda for $2.3bn in cash, as chief executive...
UK insurers set for record £70bn of pension transactions

Jan 26, 2025 | ft.com | Mary McDougall |Lee Harris

UK businesses are set to offload a record £70bn of pension risk to insurers this year as healthy scheme funding levels support a flurry...