Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July
Jun 14 2019 // Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The company is expected to...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster
Jun 13 2019 // Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential...
Britain Commits to Net Zero Greenhouse Gas Emissions by 2050
Jun 13 2019 // Britain has announced it will enshrine a new commitment to reach net zero greenhouse gas emissions by 2050 into law, marking a first among G7 nations facing increasingly severe impacts from the climate crisis. With global...
EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared
Jun 13 2019 // The European Union said it’s ready for the U.K. to leave the bloc without a deal and isn’t planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European Commission...
Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure
Jun 7 2019 // Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion. ReAssure,...
Here’s How 11 Tory Contenders for UK Prime Minister Plan to Fix Brexit
Jun 6 2019 // Eleven Conservatives are in the running to succeed Theresa May as U.K. prime minister. Each has their own vision of how to fix Brexit, and their views are so divergent that whoever wins will struggle to unite the party...
UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul
Jun 6 2019 // Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut costs and jobs and streamline its U.K. business. Tulloch, who took over in March, said he would...
London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief
Jun 5 2019 // Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone economy and spawning an offshore financial center, the head of the...
UK Business Group Warns Next Tory Party Leader to Avoid No-Deal Brexit
Jun 3 2019 // Prime Minister Theresa May’s successor must avoid a no-deal Brexit or risk losing the Conservatives’ moniker as the party of commerce, the U.K.’s biggest business lobby group said. The task facing the...
Allianz Expansion Plan Includes $1 Billion for UK Insurers
May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed...
Debt Insurance Staging a Comeback with Investors As Distressed Situations Increase
May 30 2019 // Corporate debt insurance that fell out of favor after the financial crisis is returning to vogue as default rates rise and a series of high-profile failures pay off for short sellers. Credit-default swaps trading increased...
European Business Leaders’ Confidence Drops Over Brexit
May 30 2019 // Uncertainty over Britain’s departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European business leaders...
UK Prime Minister to Resign on June 7, Paving Way for Possible No-Deal Brexit
May 24 2019 // Fighting back tears, Theresa May said on Friday she would quit, setting up a contest that will install a new British prime minister who could pursue a cleaner break with the European Union. May’s departure deepens...
UK Financial Services Industry Will Emerge Stronger from Brexit: Gov’t Ministers
May 21 2019 // Britain’s finance industry will emerge stronger from Brexit, remaining one of the world’s top financial centers, ministers in Prime Minister Theresa May’s government forecast on Monday. Since Britain...
UK Risk Managers List Brand Damage, Brexit, Cyber Attacks as Top 3 Business Risks
May 20 2019 // The top three risks facing UK risk managers are reputational damage, Brexit and cyber attacks, according to Aon’s 2019 Global Risk Management Survey of thousands of risk managers across 60 countries and 33...
UK Companies Fed Up with Politicians as Cost of Brexit Uncertainty Mounts
May 20 2019 // As the cost of the Brexit turmoil mounts for British companies, business leaders are fed up with the U.K.’s political class. And with Prime Minister Theresa May’s tenure coming to an end, they worry about the...
Bank of England Warns Against Weakening Rules for Insurers, Banks After Brexit
May 17 2019 // Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on...
Berkshire’s Buffett Wants to Do More Business in UK and Europe, Regardless of Brexit
May 6 2019 // Billionaire Warren Buffett wants to do more business in the United Kingdom and Europe regardless of how Brexit turns out. The Berkshire Hathaway Inc. chairman and chief executive officer said he would “love to put...
Will UK Insurers and Banks Be EU Rule Takers or Rule Makers, After Brexit?
May 1 2019 // A group of banks are directly feeding the British government ideas for a Brexit financial services trade deal, bypassing the industry’s major lobby groups after their blueprint for a future relationship with the EU...
UK Climate Change Adviser to Recommend Target of Zero Emissions by 2050: Sources
Apr 30 2019 // The U.K. government’s official adviser on climate change is set to recommend the country adopt a target to drive net fossil fuel emissions to zero by 2050, according to people familiar with the plan. If adopted, the...
