Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
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...
Some Insurers Exclude Ebola; Others Offer New Products
Oct 23 2014 // As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses...
A.M. Best: UK Non-Life Insurers’ Profits Under Pressure
Oct 14 2014 // Profit margins in the U.K. non-life insurance sector are under pressure this year as companies fight to maintain pricing discipline in an extremely competitive market, according to a new A.M. Best special report. Premium...
Judge Awards Dow Jones $5 Million in Claim Against Aggregator Ransquawk
Oct 8 2014 // Dow Jones & Co. on Tuesday won a $5 million judgment against the London-based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other...
Scientists Calculate Risk of Ebola Spreading to France, Britain
Oct 7 2014 // Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that...
UK Banks Face Deadline for Customer Safety Plans
Oct 7 2014 // Britain has given its banks three months to show how they plan to protect their retail customers from riskier parts of their operations. The Bank of England is forcing lenders to set up a boundary around their high street...
U.K. Regulators Ban Insurer Deals on Price Comparison Websites
Sep 24 2014 // U.K. regulators banned car insurers from making agreements with price comparison websites, saying it limits competition and increases premiums. The agreements stop insurers from making their products available more cheaply...
UK to Issue First Renminbi Bond; Lloyd’s of London Gets OK for Beijing Branch
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
London Financial Leaders Weigh Risks of Scotland Shock
Sep 12 2014 // As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Six days before a referendum that could see Scotland ending its 307-year political bond with the...
U.K. Government Backs BP in U.S. Over ‘Unreasonable’ Oil Spill Payments
Sep 8 2014 // BP Plc got support from the U.K. government in its U.S. court fight over the level of compensation required under a settlement of lawsuits stemming from the 2010 Gulf of Mexico oil spill. The U.K. told U.S. Supreme Court...
Edinburgh Defying Finance Doomsayers over Scottish Independence
Sep 5 2014 // For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might...
NAB Sees $410 Million in U.K. Charges in Annual Result
Aug 18 2014 // National Australia Bank Ltd., the nation’s largest lender by assets, will set aside more than £245 million ($410 million) in its full-year result for compensation related to U.K. insurance and hedging products. The...
AXA to Buy $450 Million Stake in U.K. Mall from Land Securities
Aug 13 2014 // AXA SA’s property unit agreed to buy a 50 percent stake in a shopping mall and other assets in the English city of Bristol from Land Securities Group Plc for £267.8 million ($450 million). The purchase of Cabot...
U.K. Insurer AA Down Following $2.4 Billion IPO
Jun 23 2014 // AA Ltd., the U.K. roadside- assistance provider and auto insurer, fell in its first day of trading after a 1.4 billion pound ($2.4 billion) initial public offering that resulted in the exit of its private-equity...
U.K. Insurers Should Cap Replacement-Car Costs, Watchdog Says
Jun 12 2014 // U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion...
In Search of the Best Defense Against Corporate Cyber Crime
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is...
JPMorgan Appoints Davison Head of U.K. Financial Institutions
May 13 2014 // JPMorgan Chase & Co., the world’s biggest securities firm by revenue, named Piers Davison head of U.K. investment banking for the financial institutions group amid a shake-up of its advisory team for banks and...
