Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
EU Presses IMF to Support Financial Transaction (Tobin) Tax
Dec 11 2009 // The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. In a draft statement expected to be...
Floods in the U.K.; Lloyd’s Exchange Gets Rolling; Willis in Deal for Gras Savoye
Dec 6 2009 // A series of violent storms struck the west coast of England, beginning Nov. 19. Cumbria, the county just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a...
France Tries to Calm Britain’s Angst over Regulation Threats
Dec 3 2009 // France tried to reassure Britain on Thursday that its push for tougher financial regulation in the European Union would not undermine the City of London, saying new rules would not hurt anyone system in...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
London: International Insurance Center
Oct 5 2009 // Systems Changes, Technology, Talent Pool Position London Market for the Future London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers,...
Florida Signs Insurance Regulation Pact with United Kingdom
Jul 22 2009 // The Florida Office of Insurance Regulation (OIR) and the United Kingdom Financial Services Authority (FSA) have agreed to work together on issues that affect insurance consumers in the U.K. and the U.S. Florida Insurance...
Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum
Jun 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Everest Reinsurance Co. (Ireland) Ltd. S&P also said the outlook on Everest Re...
Farm-based Biogas, a Neglected Asset in Greenhouse Gas Fight
Mar 19 2009 // John Ibbett and pigs go back a long way. “The pig manager pushed me round in a pram,” recalls Ibbett, whose family has been farming on the same site since 1939. Now he’s proud his family farm can turn...
UK’s Serious Fraud Office to Probe AIG Financial Products Unit
Feb 12 2009 // Britain’s Serious Fraud Office (SFO) has launched a preliminary inquiry into suspected irregularities at a British subsidiary of American International Group Inc., the SFO said on Thursday. The SFO said its probe...
UK launches 2nd Bank Rescue Plan, RBS Losses Near $30 Billion
Jan 20 2009 // The UK launched a second bank rescue plan on Monday. One of the recipients, Royal Bank of Scotland, said it lost over £20 billion ($29.3 billion) last year and Japan said bad loans worldwide had further to climb. The...
Ratings Recap: HDI (Italy), Provident, Polish Re, Arab Insurance Group
Dec 8 2008 // Standard & Poor’s Ratings Services has placed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer HDI Assicurazioni SpA (HDI/Italia or HDI/I) on...
Irish Pork Recalled in Dioxin Scare
Dec 8 2008 // Britain and Ireland warned consumers Sunday not to eat any Irish pork products after tests revealed they may be contaminated with toxic dioxins. The Irish government has ordered a recall of all domestic pork products from...
AIR Worldwide Releases UK Inland Flood Model
Nov 25 2008 // AIR Worldwide Corporation has released the AIR Inland Flood Model for Great Britain. “The new probabilistic model will help companies better manage on-and-off flood plain risk for properties in England, Wales, and...
Political Risk Rises But Risk Experts, Insurers Face Crunch Too
Nov 11 2008 // Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in...
Young Brit IPODs are Broke Says a CII Report
Nov 2 2008 // ING picks up a $13 billion cash injection; Climate change for fund managers They aren’t the Apple kind of iPod’s; they’re 18 to 34 year old Brits, who are “Insecure, Pressurized, Over-taxed and...
Chartered Insurance Institute Report: a ‘Broke Britain’ for Young Adults
Oct 21 2008 // According to a recent report from the UK’s Chartered Insurance Institute (CII), “a heavily-regulated and outdated financial establishment has left young adults most at risk in any recession. The CII study,...
Reputational Risk: Is It Time for Bankers to Risk an Apology?
Oct 20 2008 // No-one expects a fallen Master of the Universe to say sorry. But academics say an apology — for all the litigation risk it entails — can be the basis of revitalised confidence and trust. With global markets...
New York, United Kingdom Regulators Sign Cooperation Arrangement
Oct 15 2008 // New York State Insurance Superintendent Eric Dinallo and Hector Sants, chief executive officer of the United Kingdom Financial Services Authority – the United Kingdom’s insurance regulator – have signed a...
Europe Strives to Combat Financial Crisis in Unison
Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one. Germany...
A.M. Best: Economic Climate May Trigger a Turn in U.K. Cycle
Sep 30 2008 // Underwriting margins in the United Kingdom remain under pressure in 2008, despite positive rate movement in some sectors, according to a report by A.M. Best, which also suggested that the economic downturn could ultimately...
