Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market
Feb 11 2016 // A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market as well as the UK and other European economies, according to Sean McGovern,...
‘Brexit’ Threatens Britain’s EU-Dependent SMEs: UK’s RSA
Feb 9 2016 // While UK-based small and medium sized enterprises (SMEs) want to access opportunities in emerging and growth economies, they remain dependent on the European Union, which suggests that SMEs could be disproportionately...
Cyber Attack on Britain’s TalkTalk Telecom Cost $115M and 101,000 Customers
Feb 3 2016 // A cyber attack on Britain’s TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions. Chief Executive Dido...
Willis Towers Watson Appoints New Senior Leadership Team for Great Britain
Jan 29 2016 // Willis Towers Watson, the global advisory, broking and solutions company, announced a group of senior leadership appointments within its Great Britain business. Ailsa King will lead the Client Organisation in Great...
‘Smart’ Appliances, Ventilation Systems Are New Hacker Targets: Cyber Experts
Jan 29 2016 // Hijacking “smart” toasters and refrigerators and hacking corporate ventilation systems are among the new threats envisioned by cyber security experts as an increasing array of items are connected to the...
Bank of England’s Bailey Is Surprise Choice for Chief of U.K. Regulator, FCA
Jan 26 2016 // Bank of England Deputy Governor Andrew Bailey will become the new chief executive officer of the U.K. Financial Conduct Authority, as the Chancellor George Osborne turned to a familiar face following a six-month search for...
Douglas at Willis Towers Watson Receives High U.K. Honor
Jan 15 2016 // Willis Towers Watson announced that Rowan Douglas, head of Willis Towers Watson’s Capital Science & Policy Practice, has been made a CBE in the United Kingdom’s New Year Honours List for services to the...
Insured Losses from U.K. Storm Desmond Estimated at $1.1 Billion: PERILS
Jan 15 2016 // The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015 is £717 million ($1 billion), while windstorm losses from the event are estimated at £42 million...
UK Regulator’s Acting CEO McDermott Withdraws From Race for Permanent Role
Jan 8 2016 // U.K. Financial Conduct Authority’s acting top executive withdrew from the race to take the role permanently after manning the post following the government’s ouster of the last head. Chief Executive Officer...
Risk of ‘Brexit’ Pushes U.K. Services Firms’ Confidence to 3-Year Low
Jan 7 2016 // Confidence among U.K. services firms slid to a three-year low last month as the risk of Britain exiting the European Union weighed on executives’ minds. The drop in sentiment was reported by Markit Economics in its...
XL Catlin Finalizes UK & Ireland Team of Business Leaders with Energy Promotions
Jan 6 2016 // XL Catlin announced it has made a series of promotions in its energy team, which complete its U.K. and Ireland team of business leaders. Stephen Hawkins has been promoted to global product head for upstream energy, while...
Insurers & Banks Could Pull Jobs from U.K. in Event of ‘Brexit’: JPMorgan
Jan 6 2016 // JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best
Jan 5 2016 // Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit...
Number of UK Firms Backing EU Membership Drops Over Past 6 Months: Deloitte
Jan 4 2016 // The majority of big British businesses that favor Britain remaining in the European Union has dwindled over the last six months, according to a quarterly survey of chief financial officers published on Monday. Accountancy...
ACE Offers Renewable Energy Environmental Protection Policy in U.K. & Ireland
Dec 31 2015 // ACE Group has launched ACE Renewable Energy Environmental Protection, a dedicated environmental policy for companies in the renewable energy industry in the U.K. and Ireland. ACE Renewable Energy Environmental Protection...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion
Dec 30 2015 // Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The Environment Agency said...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead
Dec 29 2015 // Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to...
U.K. Insurance Bill for Solvency II Regulation Compliance Hits $4.5 Billion
Dec 18 2015 // U.K. insurers have invested at least £3 billion ($4.5 billion) to be compliant with new European Union capital rules, known as Solvency II, that come into effect next month, according to an industry lobby group. More than...
CNA Hardy Continues U.K. Regional Expansion, with Opening of 5th Office
Nov 25 2015 // CNA Hardy* has further expanded its regional presence with the opening of its fifth U.K. office, in Birmingham, England. This marks the second U.K. office opening in 2015 for the London-based subsidiary of CNA...
ACE Appoints Leadership Team for Chubb Group’s European Division
Nov 24 2015 // ACE Ltd. announced members of the leadership team it intends to appoint for the European Group of the new Chubb Group’s Overseas General Insurance division, which includes Austria, Belgium, Czech Republic, Denmark,...
