trending Market Intelligence /marketintelligence/en/news-insights/trending/_e1R4XqDinC-Rhx-bj4m9w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UK insurer LV= converting to a guarantee company

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

UK insurer LV= converting to a guarantee company

Liverpool Victoria Friendly Society Ltd., or LV=, is planning to convert to a company limited by guarantee from a friendly society, subject to members' vote at a May 22 special general meeting.

After conversion, LV= will be governed by the Companies Act instead of the Friendly Societies Act. Its mutual status, however, will not be changed.

Limited by guarantee status is used in the U.K. mainly by charities and other nonprofits, and implies that the company is guaranteed by its members, rather than by shareholders.

"Our friendly society status has served us well for many years but the Friendly Societies Act is becoming outdated and restricts our opportunities for growth and future development," group CEO Richard Rowney said. The company's board also believes that the outdatedness of the act "restricts its ability to manage the business effectively."

LV= also reported an operating profit of £136 million for full-year 2018, slightly up from £134 million in 2017. For the year, the group's profit before tax was down to £20 million, compared with £122 million in the previous year, with the insurer attributing the drop to deteriorating financial markets in 2018.