Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader
May 13 2016 // Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has...
Aon Signs $1.3B Pension ‘De-Risking’ Deal with UK’s Pension Insurance Corp.
May 12 2016 // Pension Insurance Corp. agreed to insure 900 million pounds ($1.3 billion) of Aon Plc’s Retirement Plan in the U.K. as the world’s second-largest insurance broker seeks to reduce risk. The agreement with Aon...
Aegon to Acquire BlackRock’s U.K. Defined-Contribution Pension Business
May 3 2016 // Aegon NV agreed to buy BlackRock Inc.’s U.K. defined-contribution pension business to bolster its position in the country’s workplace-savings market. The deal will transfer 12 billion pounds ($17.6 billion) of...
S&P Expects UK to Vote to Stay in EU by Small Majority; Warns About Brexit
May 2 2016 // Ratings agency Standard & Poor’s said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the...
Factbox: An Overview of Effects of ‘Brexit’ on UK Financial Services
Apr 25 2016 // Britain, Europe’s biggest financial center, votes on June 23 on whether to leave the European Union. The country’s banking and fund management industries are among those that could lose most from a so-called...
Obama Makes Impassioned Appeal for Britain to Stay in European Union
Apr 22 2016 // U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward...
‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney
Apr 20 2016 // The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney. The governor of the Bank of England — the de facto custodian...
Most U.K. Public Companies Haven’t Formed ‘Brexit’ Contingency Plans: Survey
Apr 15 2016 // More than three-quarters of U.K. public companies surveyed by an auditors’ group haven’t discussed contingency planning for the nation’s potential exit from the European Union with the chairman or the...
Aquiline Capital to Buy UK’s Simply Business, an Online Small Business Brokerage
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
AXA in Talks to Sell Most of UK Life Insurance & Wealth Investment Units: Sources
Apr 12 2016 // AXA SA, France’s largest insurer, is in talks to sell most of its U.K. life-insurance and wealth-investments units, according to two people with knowledge of the matter. AXA is likely to sell parts of the businesses,...
BAE Uses Cyber Skills Developed in British Intelligence Services to Help Clients
Apr 12 2016 // In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called...
Aegon to Sell $8.5B of U.K. Annuity Portfolio to Rothesay Life, to Free Up Capital
Apr 11 2016 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., agreed to sell two-thirds of its U.K. annuity portfolio to Rothesay Life Ltd., helping to boost capital buffers under new regulations. Aegon will initially...
Woods Named UK’s Head of Prudential Regulation, Overseeing Insurers & Banks
Apr 11 2016 // Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing Andrew Bailey. Woods — who will continue as the central bank’s executive director of...
Ironshore’s Pembroke Agency Expands UK Financial Institutions’ D&O Cover
Apr 8 2016 // Ironshore’s Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation. The new regulation, known as the “Senior Managers...
AIG Weighs Cutting Nearly 125 U.K. Jobs, in Plan to Reduce Costs: Sources
Apr 7 2016 // American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Ontario Teachers’ Pension Plan (Lead ANV Investor) Assesses ‘Brexit’ Effect
Apr 1 2016 // The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk...
British SME Owners Develop Contingency Plans for Potential ‘Brexit’
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a...
