Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Intermediaries Hyperion and R K Harrison Complete Merger
May 1 2015 // London-based intermediaries Hyperion Insurance Group Limited* and R K Harrison Holdings Limited (RKH) have completed the merger of their two businesses, following receipt of applicable regulatory and legal...
Compare.com CEO’s Vision for the Future – Right or Wrong
Apr 21 2015 // As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in...
ACE Appoints O’Halloran as Environmental Risk Underwriter, U.K. & Ireland
Apr 15 2015 // ACE Group today announced the appointment of Glenn O’Halloran as environmental risk underwriter as it continues to invest in building its environmental liability insurance capabilities in the U.K. and...
Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency
Apr 15 2015 // Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency,...
Hastings Weighs IPO as U.K. Car Insurer Gains Market Share
Apr 9 2015 // Hastings Insurance Group increased its customer base by 20 percent in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year. Hastings, which generates 90...
A.M. Best: Insurers Must Consider Risks of U.K. Exit From European Union
Apr 8 2015 // Insurers based in the United Kingdom underwriting a material amount of European business should be monitoring the potential consequences of the United Kingdom exiting or renegotiating its position within the European Union...
ACE Launches Multinational Insurance Cover for U.K. & Ireland Customers
Apr 6 2015 // ACE Group has launched ACE Multinational Partner, an enhanced package of comprehensive property and casualty insurance cover spanning traditionally separate lines of business, for U.K. and Ireland based companies with one...
Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt
Mar 30 2015 // Towergate Finance plc said it won court approval for its plan to restructure 1 billion pounds ($1.49 billion) of debt. The restructuring will be completed by early April, the U.K. insurance broker said in a statement...
UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk
Mar 24 2015 // Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the...
Bank of England Says Will Apply New Insurance Regulations ‘Proportionately’
Mar 20 2015 // The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears that the central bank might seek to add extra rules for companies...
Nat Cat Risks Aggravated by Persistent Extreme Weather Conditions: Munich Re
Mar 13 2015 // Munich Re has published a report, which notes that “over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billion range.” In addition the...
2014 Insured Losses Hit Lowest Level in Five Years: Guy Carpenter
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review. The report says that significant insured losses in 2014 totaled approximately USD33...
U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest
Feb 24 2015 // Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business. From August 2005 to June 2013, Aviva...
Reports Show Insurers Lag Behind in Adopting Technology
Feb 17 2015 // At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are using developments...
U.K. Power Grid Under Cyber-Attack Every Minute; Government Hikes Defenses
Jan 9 2015 // The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now. The prospect of cyber-attacks on the nation’s power network is major threat to the country’s...
Impatient New Zealander Jolts U.K. Insurance with Aviva Shake-Up
Jan 9 2015 // During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate. In the two years since, the chief executive officer...
XL Group Offers Artworks Coverage in UK for Art Exhibitions
Dec 16 2014 // XL Group has launched Key Artworks insurance coverage in the U.K. to cover cancelled or abandoned fine art exhibitions and their financial losses in cases where a star attraction art piece is damaged, stolen or otherwise...
UK’s Aviva Agrees to Acquire Friends Life for $8.8 Billion in Shares
Dec 2 2014 // Aviva plc, Britain’s second-largest insurer by market value, agreed to buy Friends Life Group Ltd. for about 5.6 billion pounds ($8.8 billion) in stock in the U.K. insurance industry’s biggest takeover in 15...
New London Reinsurer Sets Sights on Africa
Nov 26 2014 // One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces...
UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments
Nov 24 2014 // The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it...
