Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Berkshire Hathaway Reports Losses on Re/Insurance Underwriting in Q2
Aug 7 2017 // Warren Buffett’s Berkshire Hathaway insurance and reinsurance businesses lost money or gained less in underwriting in the second quarter and first six months of 2017 compared to last year while his railroad,...
Brexit Transition Period Crucial to Protect London as Financial Center: UK Lawmaker
Aug 2 2017 // Transitional arrangements after leaving the European Union in 2019 will be crucial for protecting the economy and the City of London’s global role in finance, a senior British lawmaker said on Tuesday. Nicky Morgan,...
UK Lawmakers Eye Options for Insurers, Banks to Keep Post-Brexit Access to EU
Jul 24 2017 // British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial affairs committee said it...
UK Faces ‘Substantial’ Risk of Failure of Brexit Talks, Moody’s Warns
Jul 19 2017 // The risk that the UK will tumble out of the European Union in two years without a Brexit deal is “substantial,” Moody’s Investors Service said. Such an outcome would affect everything from banks to buses...
Brexit Must Be Stopped to Prevent Severe Economic Harm to UK: Former PM Blair
Jul 17 2017 // There’s a chance Britain won’t leave the European Union, former Prime Minister Tony Blair said Saturday, arguing that stopping Brexit is “necessary” to avoid severe economic damage. In an article...
Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
Jul 13 2017 // The insurance and long-term savings sector is one of the UK’s most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according to a study...
New Insurance Products Could Cut Natural Disaster Costs in Poorer Nations: Report
Jul 12 2017 // New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain’s international development...
Grenfell Tower Insurer, Protector Forsikring, Raises Claims Estimate to $65M
Jul 10 2017 // The insurer of London’s Grenfell Tower, where at least 80 people died in a devastating fire, raised its estimate for property and liability insurance claims to 50 million pounds ($65 million) on Friday [July...
Brexit Should Preserve Free Trade for Financial Services: FCA’s Bailey
Jul 7 2017 // Finance firms should not be forced by regulators to change location after Britain leaves the European Union in 2019, Andrew Bailey, chief executive of the UK’s Financial Conduct Authority told a Reuters Newsmaker...
UK Risks Losing Status as Europe’s Top Finance Center After Brexit: Report
Jul 6 2017 // Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published...
Grenfell Tower Fire Puts Cloud over Energy Efficiency Industry’s Building Materials
Jun 30 2017 // The fire that killed at least 79 people in a residential tower in London earlier this month has delivered a blow to an often overlooked section of the green industry that’s crucial to delivering energy...
MS Amlin to Re-Domicile its Post-Brexit European Headquarters to Belgium
Jun 28 2017 // MS Amlin, the specialist global re/insurer, plans to re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Belgium in response to Brexit. MS Amlin said it will keep its global headquarters in...
Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale
Jun 26 2017 // Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive...
Brexit Critics Now Emboldened to Block Prime Minister’s Plans for ‘Hard Brexit’
Jun 23 2017 // When she called a snap election in April, Theresa May said she needed voters’ backing to silence rivals in Parliament who were trying to frustrate her plans for Brexit. Instead, the British prime minister’s...
UK Plans $1B-Plus Investment in Driverless & Electric Vehicle Technology
Jun 22 2017 // The UK government plans to invest more than 800 million pounds ($1 billion) in new driverless and zero-emission vehicle technology as it seeks to boost its economy while leaving the European Union. Investment in research...
UK, EU Insurers & Banks Need ‘New System’ for Their Post-Brexit Business
Jun 20 2017 // British and European Union banks need a new system to let them do business with each other after Brexit to avoid splitting markets, Britain’s finance minister Philip Hammond said on Tuesday. Britain, the EU’s...
‘Complicated’ Brexit Talks Begin with Questions Over What Britain Wants
Jun 19 2017 // Almost a year since Britons voted to leave the European Union, Brexit talks finally began on Monday amid confusion over what exactly the U.K. government wants from the divorce. What U.K. Brexit Secretary David Davis...
Update: U.K. Voters Reject Prime Minister May’s Vision of ‘Hard Brexit’
Jun 9 2017 // Prime Minister Theresa May will plow ahead with her plan to withdraw Britain from the European Union even as her electoral defeat raised questions over whether she will have to soften her approach or even if she will last...
FM Global Gets License in Luxembourg to Launch Post-Brexit EU Hub
May 31 2017 // U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave...
Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs
May 31 2017 // The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact...
