Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
London-Based Chubb Global Markets Announces Lineup of Management Team
Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study
Mar 21 2016 // Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a...
Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses
Mar 16 2016 // Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats
Mar 15 2016 // The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of...
U.K. Gives Go-Ahead for Driverless Cars to Be Tested on Motorways
Mar 14 2016 // Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K. motorways, helping to make the technology available to consumers by the end of the decade. The government also...
Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns
Mar 11 2016 // Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns. The insurer will spin off its controlling stake in...
U.K. Eyes Requiring Drones to Fit Anti-Collision Technology for Aviation Safety
Mar 10 2016 // Britain is considering whether civilian drones will have to be fitted with technology intended to prevent collisions with airplanes after a series of near-misses around airports. “The U.K. government and the Civil...
Bank of England Governor Warns of Brexit Risks, Angering ‘Out’ Campaigners
Mar 8 2016 // Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country’s $2.9 trillion economy and prompt some banks to move away from London’s global financial...
200 Small Business Leaders Sign Open Letter Supporting ‘Brexit’
Mar 4 2016 // More than 200 small-business leaders signed an open letter calling for British withdrawal from the European Union, highlighting a division with large companies over membership of the bloc. The letter, published in the...
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
‘Brexit’ Could Hurt Investments, Cause Regulatory Uncertainty: UK’s Direct Line
Mar 1 2016 // A British exit from the European Union could hurt UK insurer Direct Line’s investment portfolio and cause regulatory uncertainty, it said on Tuesday after posting a 3 percent rise in 2015 operating profit. Britain...
G20 Puts ‘Brexit’ on List of Top Global Risks After Push by UK Government
Feb 29 2016 // British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining...
As UK Debate over Brexit Heats Up, Some Suggest Looking at Lessons of History
Feb 26 2016 // Cities don’t stay on top forever. Just look at Venice in the 15th century, Philadelphia in the 18th or even Vienna in the 19th. It’s a lesson some Londoners worry is being forgotten when it comes to the...
RSA’s CEO Warns That UK Withdrawal from EU Could Have Negative Impact
Feb 25 2016 // RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer’s business and investment returns, underscoring a warning from top executives about the impact of...
‘Brexit’ Would Risk Economy & Jobs, Caution 200 Executives in Open Letter
Feb 23 2016 // The bosses of a third of Britain’s biggest companies warned on Tuesday that an exit from the European Union would put the economy at risk and threaten jobs. In a letter to the Times newspaper, bosses from big...
Hiscox Launches E-Trading System for U.K. Commercial Brokers
Feb 22 2016 // After a successful pilot, Hiscox has launched Hiscox Trader, a new e-trading solution for U.K. commercial insurance brokers in partnership with insurance technology specialists Open GI London. The new cloud-based...
British Corporate Leaders Will Likely Vote to Remain in EU: UK Business Groups
Feb 22 2016 // British corporate leaders will likely vote for the U.K. to remain a part of the European Union, according to lobby groups for business, manufacturing and financial services. The Institute of Directors said the deal reached...
What Will ‘Brexit’ Mean for London’s Financial Center? Some Questions Answered
Feb 19 2016 // The U.K.’s looming in/out referendum on European Union membership, which may come as early as June, has sparked jitters, with analysts predicting declines in everything from London property prices to the pound. But...
FACTBOX: What Will ‘Brexit’, a British Exit from the EU Look Like?
Feb 17 2016 // As Britons debate whether to stay in or leave the European Union at a membership referendum, one of the key arguments is what a British exit, or “Brexit,” would look like? Below is an outline of the process...
British Departure from EU Would Put at Risk $670 Billion of U.K. Trade: Study
Feb 16 2016 // A British departure from the European Union would put at risk 466 billion pounds ($670 billion) of U.K. trade with nations in Europe and beyond, according to a report published by the Centre for Economic and Business...
