Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV
Feb 18 2020 // Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since...
Facebook, Twitter, Other Internet Firms to Be Responsible for Content Under UK Plan
Feb 12 2020 // Britain said it would force social media companies such as Facebook, Twitter and Snap to do more to block or remove harmful content on their platforms. Following a consultation, the UK government said on Wednesday it...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit
Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK...
UK, EU Remain at Odds over Financial Services’ Market Access
Feb 11 2020 // Britain wants a stable relationship with the European Union for “decades to come” in financial services, Britain’s finance minister Sajid Javid said on Tuesday, but received an instant rebuttal from...
Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People
Feb 11 2020 // A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent. After striking...
Nissan Autonomous Car Completes 230-Mile Journey in Britain
Feb 6 2020 // CRANFIELD, England – A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop the driverless technologies set to...
Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules
Feb 5 2020 // A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center. Britain left the...
Insurance Executive and Partners Seek $52 M in Sale of U.K. Soccer Team Sunderland
Feb 5 2020 // Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said. Insurance entrepreneur Stewart...
UK and EU Commence Sparring Over Post-Brexit Trade Rules
Feb 3 2020 // The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he...
A Divided Britain Must Now Seek New Identity Outside European Union
Jan 31 2020 // At 10 a.m. inside Aux Merveilleux de Fred, a patisserie in the heart of London’s French quarter, the air is thick with the aroma of butter. Aicha Boubakri, 30, is arranging neat rows of pastel-colored cream pastries...
Brexit Day Is Finally Here; Now the Hard Part Begins: Opinion
Jan 30 2020 // London and Brussels are two hours apart by train but on Friday, the day the U.K. officially leaves the European Union, the two cities will feel worlds apart. The Brits are planning a Brexit celebration worthy of a...
Brexit Impact on UK Insurers Dictated by Trade Talks, Possible Economic Hit: AM Best
Jan 30 2020 // From an operational point of view, the United Kingdom’s departure from the European Union on Jan. 31, 2020 will have little immediate impact on AM Best-rated insurers in the UK or EU, according to the ratings agency...
Factbox: What’s Ahead for UK Financial Services Sector and Brexit Trade Deal?
Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc. The EU is Britain’s biggest market for financial services, worth about 26 billion...
U.K. Financial Services Firms Prepare for Worst in Brexit Trade Talks
Jan 27 2020 // Britain’s finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle...
U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator
Jan 24 2020 // Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior U.K. regulator said on Thursday. Britain leaves the EU next week, followed by a “business...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners
Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd. “As we enter the 200th year...
Climate Scientists Warn that Australia’s Bushfires Could Become the New Normal
Jan 14 2020 // Bushfires ravaging Australia have provided a foretaste of the kinds of conditions that could become normal unless the world moves rapidly to curb emissions of the greenhouse gases driving global warming, scientists have...
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
Jan 9 2020 // Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan. 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce. They voted...
‘Impossible’ to Agree to Full EU-U.K. Brexit Trade Deal by Year End: EU Head
Jan 9 2020 // Britain will find it “basically impossible” to negotiate all aspects of its future relationship with the European Union by the end of this year, the head of the European Commission said on Wednesday, adding...
