Keep up to date with the latest insurance and business news in our weekly round-up…
Metro Bank has clinched the biggest award to date from a £775m scheme meant to boost competition in the banking sector, despite the revelation of a major accounting blunder at the high street lender last month.
German carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility services provided by Uber and other tech firms.
Axa UK & Ireland has posted higher revenues in commercial lines and a slightly improved combined operating ratio (COR) for 2018.
Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-£1bn deal.
The success of Amazon, Airbnb and other digital businesses has forced insurers to make radical technological changes as they aim to satisfy evolving customer expectations.