Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Lloyd’s Moves Closer to Forming EU Subsidiary to Prepare for Brexit
Jan 18 2017 // Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European...
Britain to Seek ‘Hard Brexit’: UK Prime Minister May
Jan 17 2017 // Britain will leave the EU’s single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a “soft Brexit.” In a...
UK Financial Services Sector Drops Demand for Post-Brexit Passporting
Jan 12 2017 // Britain’s finance industry has reluctantly given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial...
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF
Jan 12 2017 // Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S....
Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities
Jan 10 2017 // Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing...
Unfettered EU Access Must Be Priority of Brexit Talks: Report
Jan 10 2017 // Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available alternatives don’t provide a sustainable long-term solution, an...
UK Legal Action Launched Against Volkswagen over Emissions Scandal
Jan 9 2017 // A British law firm has launched legal action against Volkswagen, seeking thousands of pounds of compensation each for UK drivers affected by the carmaker’s emissions scandal. The German company is involved in...
Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official
Dec 22 2016 // Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
More UK Insurers Consider Move to Ireland for Europe HQs: Central Bank
Dec 15 2016 // A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union,...
Berkley Downplays Effects of Trump, Brexit Elections; Remains Optimistic for Insurance
Dec 8 2016 // There could be more political surprises coming after the U.S. election of Donald Trump and Britain’s vote to exit from the European Union but one leading insurance executive isn’t too worried. “I...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer...
U.K. Financial Firms Paid $91B in Annual Tax: City of London Report
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
UK Financial Firms Look to Dublin as EU Base After Brexit Vote: Irish Minister
Nov 28 2016 // Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licenses in Dublin by early next year, Ireland’s financial services minister said on...
Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
Nov 23 2016 // Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds...
AIG May Move Europe HQ from London to Another EU Country on Brexit
Nov 22 2016 // U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry...
With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers
Nov 17 2016 // Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the...
UK Insurers & Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
Nov 15 2016 // Banks based in Britain may start to relocate activities to other countries about 1-1/2 years before a British departure from the European Union if a “hard Brexit” looks likely, Bank of England Governor Mark...
