Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations
May 26 2017 // British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. In a win for Dublin’s campaign to attract...
Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.
May 25 2017 // Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The...
U.K. Security Services Warn of Imminent Terrorist Attack; U.S. Leaks Criticized
May 24 2017 // Soldiers are to patrol British landmarks and sporting events in their biggest homeland deployment in decades, as security services warned that another attack by terrorists who killed 22 people at a pop concert on Monday...
Islamic State Claims Responsibility for UK Terror Attack – Worst Since 2005
May 23 2017 // Prime Minister Theresa May vowed to combat the “ideology” behind Britain’s worst terrorist attack in 12 years after a suicide bombing killed 22 people at a pop concert. Islamic State claimed...
UK Firms Choosing Luxembourg as Brexit HQ May Find Lifestyle Differences
May 22 2017 // Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. While many find the Grand Duchy a...
Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit
May 18 2017 // Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of...
Global Cyber Attack Temporarily Disabled by Security Specialist
May 13 2017 // The cyber attack that spread rapidly around the globe was stifled when a security researcher disabled a key mechanism used by the worm to spread, but experts said the hackers were likely to return as many computers remain...
Insurance Hub Gibraltar Plans for End of EU Passporting After Brexit
May 9 2017 // Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said...
More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY
May 9 2017 // More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. That’s a 50 percent...
Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit
May 5 2017 // Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves the European Union, but it will not offer sweeteners to undercut rival centers, Finance Minister Pierre...
Willis Towers Watson Names Bernstein as Head of Broking, Great Britain
May 4 2017 // Clyde Bernstein has been appointed as the head of Broking – Great Britain (GB), for Willis Towers Watson’s Corporate Risk and Broking division. He reports jointly to Philip Smaje, global head of Broking, and...
QBE to Move European HQ from London to Continent After Brexit
May 3 2017 // QBE Insurance Group will move its European base from London to the continent because of uncertainty in accessing the European market after Brexit, the chairman of Australia’s largest international insurer said on...
London Market Group Re-Appoints Aubert as Chairman
Apr 28 2017 // The London Market Group (LMG) announced the re-appointment of Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chair. The last 12 months has seen progress across all LMG’s workstreams, including...
FM Global Chooses Luxembourg as Post-Brexit EU HQ
Apr 26 2017 // U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned...
Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team
Apr 25 2017 // Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been...
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say...
U.K. Has 1st Day Without Burning Coal for Power Since 1880s
Apr 24 2017 // The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc. “Friday 21st April 2017 was the first...
UK Prime Minister May Seeks Early Election to End Brexit Divisions
Apr 18 2017 // U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union. The surprise statement came less than...
UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com
Apr 11 2017 // U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period...
EU to Pay €60M to Britain for Repair of 2015-16 Flood Damage – Despite Brexit
Apr 5 2017 // Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure...
