City Insurers Eye Premium Growth After Record Heatwave Claims Surge

140% — That's the year-on-year jump in subsidence claims reported by Hastings Direct for August, as the UK's hottest summer on record drove a surge in homeowner insurance payouts.

Money Moves

• EQT acquires McGill and Partners for $2bn — The Swedish private equity giant is buying the London-based specialty reinsurance broker from Warburg Pincus, with all 600 employees to benefit from an equity participation plan.
• **Virgin Money relaunches Regular Saver at...