Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey
Nov 23 2015 // Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
Zurich Makes Changes to U.K. General Insurance Executive Team
Nov 19 2015 // Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are as follows: Karl Helgesen was named U.K. chief claims officer, effective December 2015,...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
Nov 19 2015 // Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with...
UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism
Nov 17 2015 // Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare...
Storm Barney to Raise Flood Risk & Damaging Winds Across UK
Nov 17 2015 // Barney, the second storm to be named by the U.K. Met Office this season, was expected to bring additional rain and damaging winds to the United Kingdom, according to a report issued by AccuWeather. “Barney will be a...
Zurich to Cut 440 Jobs at U.K. P&C Insurance Unit as Part of Cost-Cutting Program
Nov 9 2015 // Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company said in a statement to...
Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
Nov 3 2015 // Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas....
Hanover Q3 Profit Increases 42% to $78M
Oct 29 2015 // The Hanover Insurance Group Inc. reported $78.3 million net income for its 2015 third quarter, a 42.6 percent increase from $54.9 million net income reported a year earlier. The Worcester, Massachusetts-based insurer said...
Drugs Prices Much Higher in U.S. Than in Other Countries: Research
Oct 12 2015 // U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the...
Intellectual Property News: KitKat, Williams Sonoma, Whole Foods, Skechers, Segway, GoDaddy, Apple
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
Xuber Survey Finds London Insurance Execs Fear ‘Brexit’
Sep 8 2015 // Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for...
Hanover Insurance Reports $120.7M Q2 Net Income
Jul 30 2015 // The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second...
UK’s Aviva to Target $3.9B in Renewable Energy Investments
Jul 27 2015 // Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets,...
Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract
Jul 17 2015 // The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the...
Green Bond Wave Ahead of Climate Change Conference in Paris?
Jun 4 2015 // This is the first of a two-part column on green bonds. The second installment will include interviews with Axa, QBE and Zurich. Ahead the United Nations Climate Change Conference in Paris in December, also called COP21 or...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec
Jun 3 2015 // The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry, the chief executive of the Association of British Insurers (ABI) said on...
Factbox: Lloyd’s Chief, Other Leaders Offer Views on Britain’s EU Referendum
May 29 2015 // Prime Minister David Cameron has pledged to renegotiate Britain’s ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of business...
Toward Sensible Risk Management of Earthquake Risk in Energy Production
May 11 2015 // Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009. Heightened seismic...
