Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey
Dec 20 2019 // Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his appointment. LIZ MARTINS, UK ECONOMIST, HSBC “In terms of Mr Bailey’s position on the...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney
Dec 20 2019 // Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney with the U.K.’s top financial regulator, just as Britain faces the next phase of Brexit. He’ll start...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review
Dec 19 2019 // MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, 2020. This announcement follows...
UK Financial Services Sector Remains Resilient Ahead of Brexit: Research
Dec 18 2019 // Britain’s exports of financial and related services rose to 83 billion pounds ($106.5 billion) last year, with the European Union still the biggest customer, underscoring the importance of retaining market access to...
Big Victory for Johnson and Brexit. Now What?
Dec 13 2019 // Prime Minister Boris Johnson won a sweeping election victory on a promise to “Get Brexit done,” but a reality check awaits for voters hoping that the messy divorce is finally over. It’s just the...
Big Victory for Johnson and Conservatives Clears Way for Quick Brexit
Dec 13 2019 // Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc. Exiting the European Union, a...
What’s At Stake for Britain’s Economy as Voters Go to Polls Today?
Dec 12 2019 // The two main parties in Britain’s election on Thursday offer contrasting plans on spending, tax, the role of the state, trade unions and Brexit. Below is a summary of the main economic policies of Prime Minister...
U.K. Investment Firm Centricus Forms Insurance Venture with Ex-Goldman Partner
Dec 6 2019 // Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance industry by forming a joint venture with former Goldman Sachs Group Inc. partner Chris...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares
Dec 6 2019 // Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a...
Reinsurers Pressure Life Insurers Over Vaping Health Risks
Dec 3 2019 // Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them...
Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF
Nov 27 2019 // The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal damages alone if no action is taken to combat climate change, according to the WWF. The calculations — made...
Wholesale Broker H.W. Kaufman Acquires UK MGA Barbican Protect
Nov 27 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Barbican Protect Ltd., as part of its continued expansion into the UK market, subject to...
Flooding in Northern England Becomes U.K. Election Issue
Nov 13 2019 // Boris Johnson deployed extra troops to help flood-hit parts of Northern England as he tried to ensure that a natural disaster didn’t damage his election chances. The prime minister convened a meeting of the...
Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License
Nov 12 2019 // Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing network of insurer...
Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns
Nov 7 2019 // A major U.K. institutional investor has dismissed a commonly-held fear of ESG investing — that it hampers financial returns. Aviva UK Life, part of Aviva Plc, sees environmental, social and governance considerations...
U.K. Marine Services Firm James Fisher Reports Cyber Attack
Nov 5 2019 // Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected...
New EU Brexit HQs Opened by U.K. Financial Firms Face Watchdog Checks in 2020
Nov 5 2019 // New European Union hubs opened by British-based financial firms to avoid Brexit disruption will be scrutinized next year by the bloc’s markets watchdog to check whether they are gaming licensing requirements. This...
U.K. Bans Fracking on Concerns About Earthquake Risk
Nov 4 2019 // The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic...
U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis
Oct 31 2019 // The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the...
