United Kingdom News

UK Prime Minister May Seeks Early Election to End Brexit Divisions

U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union. The surprise statement came less than a month …

UK Opens National Cyber Security Centre; MGA Sciemus Comments

The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused on improving the UK’s cyber security and cyber resilience. The NCSC will use its new offices in Victoria, London “to manage incidents, …

PwC Appoints Delbridge as London Market Insurance leader

Paul Delbridge has taken on the role of London market insurance leader at PwC. Delbridge is a partner with 30 years’ experience at the firm, including three years in New York, almost all of which has been spent in the …

Telematics-Based Car Policies in UK Exceed 750,000 for 1st Time in 2016

The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers’ Association (BIBA). The BIBA survey includes information from the leading …

Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report

The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating actions as a result of …

PwC Names Bichard as UK Insurance Leader, Succeeding Howe

PwC has appointed Jim Bichard to lead its 1,000-person strong UK insurance practice. Bichard succeeds Jonathan Howe, who has led the practice since 2013. Bichard, who has led PwC’s London Market and Broking team since April 2013, has been with …

South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings

South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase of a 30 percent stake in Hastings, driving the UK firm’s shares to 2-1/2 month highs. Hastings, which listed just over a …

Marsh Names 25 Apprentices in UK to Promote Youth Opportunities

Marsh announces the appointment of 25 apprentices to its 2016 UK Apprentice Program, which offers young people employment and training opportunities across the firm’s UK office network. This year’s apprentices join Marsh in Bristol, Edinburgh, Manchester, Newcastle and Norwich. Marsh’s …

Amazon and UK Government Form Partnership to Test Drone Deliveries

Amazon Inc. and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use. Supervised by the U.K.’s aviation safety regulator, the Civil Aviation Authority, the trial will …

Telematics-Based Car Insurance Policies in UK Increase by 40%: BIBA Survey  

The number of live telematics-based motor insurance policies, including black box policies, in the UK has increased by 40 percent, according to the latest annual research by the British Insurance Brokers’ Association (BIBA). These types of policies can offer savings …