Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Top Challenges for London’s Re/Insurers Are Soft Market, Brexit, Regulations: IUA
Sep 28 2017 // The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association (IUA) members. In an online questionnaire,...
EU Regulator Warns UK Insurers to Avoid ‘Fronting’ in Post-Brexit EU HQs
Sep 28 2017 // London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc’s insurance watchdog said. Insurance specialists say some...
Bank of England Seeks Brexit Deal to Cover Derivative, Insurance Contracts
Sep 25 2017 // The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity” of 20 trillion pounds ($27.1 trillion) of existing derivative contracts. The BOE’s...
XL Group Picks Dublin for Post-Brexit EU Headquarters
Sep 20 2017 // XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer...
Britain to Lose Out on 10,000 Finance Jobs in First Wave of Brexit Reaction: Reuters Survey
Sep 18 2017 // Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of...
Chubb Picks France for Post-Brexit European Headquarters If UK Exits EU
Sep 11 2017 // Chubb Limited intends to relocate its European Union headquarters to France if the United Kingdom leaves the EU as expected in March 2019. The insurer said the decision to choose France as Chubb’s preferred...
Tokio Marine Plans to Set Up Luxembourg Unit in Preparation for Brexit
Sep 6 2017 // Tokio Marine Group announced that it is seeking regulatory approval to establish an insurance company in Luxembourg, to be prepared for Brexit. Through several of its subsidiaries, principally Tokio Marine HCC and Tokio...
Brexit Could Be Reversed if Economic Pain Sways Public Opinion: Former Minister
Sep 6 2017 // Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped...
UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients
Aug 30 2017 // Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the...
Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal
Aug 29 2017 // The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a decision,” in a campaign launched on Tuesday to raise awareness of...
UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch
Aug 25 2017 // Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers...
UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement
Aug 24 2017 // The UK’s financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the...
Europe’s Cities Resist Use of Security Infrastructure Despite Vehicle Terror Attacks
Aug 22 2017 // Europe has experienced around a dozen cases of drivers using a car or truck to plow into pedestrians like last week’s attack in Barcelona, but cities have not rushed to mitigate the risks by changing their...
UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report
Aug 18 2017 // A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a...
Bayer-Backed Health Startup, Medopad, Seeks $30M in New Funding: Sources
Aug 17 2017 // Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile...
UK Seeks Interim Post-Brexit Transitional Deal with EU
Aug 15 2017 // Britain has said it wants an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods, but that it will also seek the right to negotiate other trade deals — a...
UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion
Aug 14 2017 // The Brexit deadline of March 2019 creeps ever closer, and exit talks are under way — but Britain’s government still doesn’t know what it wants. This failure to set a clear goal, much less devise a...
Global Insurance M&A in H1 Drops to Lowest Point in 2 Years: Clyde & Co.
Aug 10 2017 // The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016,...
Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England
Aug 9 2017 // The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability. With the UK due to leave the bloc in...
UK Businesses Struggle to Hire ‘Brightest & Best’; Recruiters Blame Brexit Vote
Aug 8 2017 // A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year’s Brexit vote, a group representing recruitment agencies said on Tuesday. The Recruitment...
