Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
RMS unveils New UK Inland Flood Model, EU Earthquake Model
Aug 8 2008 // UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of...
Royal Bank of Scotland’s Insurance Unit May Tempt European Buyers
Apr 23 2008 // Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the...
S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks
Apr 10 2008 // Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life...
U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator
Mar 28 2008 // Sen. Charles Schumer, D-N.Y., on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos. In an opinion...
Sarkozy, Brown Pledge New Era of Cooperation
Mar 26 2008 // French President Nicolas Sarkozy and British Prime Minister Gordon Brown vowed to boost cooperation on the economy and immigration on Wednesday as Sarkozy began a visit aimed at improving awkward ties. Sarkozy, speaking of...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
Greenhouse Funds Gloom Hangs over G20 Climate Talks
Mar 14 2008 // Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on...
Calif. Pet Insurer Notes UK Growth
Mar 11 2008 // Santa Ana, Calif.- based ensurApet, Inc. has issued a bulletin, which notes that “health insurance for pets in the United Kingdom is growing at a record rate.” CEO, Russell Smith stated: “According to...
British Bankers Plead Guilty to Wire Fraud in Enron Case
Nov 30 2007 // Three British bankers who were set to go to trial in Houston, Texas, for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty. David Bermingham, Giles...
Ratings Report: Catlin
Nov 28 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of Catlin Underwriting (CU) (formerly Wellington Underwriting Plc prior to its acquisition by Catlin Group Limited). Best also affirmed the...
S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers
Nov 16 2007 // Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle...
Survey Reports Drop in New Lawsuits, Actions Filed Against U.S. Companies
Oct 15 2007 // It may be too early to say that conflict has become passé, but U.S. businesses report a distinct drop in the number of lawsuits filed against them in the past year, according to the latest Litigation Trends Survey...
Risk Modeler Says Repeat of 1987 Windstorm Could Cost $14 Billion
Oct 15 2007 // Risk Management Solutions (RMS) has released an impact study of the potential losses from a windstorm of the force and velocity of the one that hit Southern England and Northern France in 1987, if it occurred today. The...
U.S. excess and surplus lines market attracts international attention
Sep 24 2007 // The United States excess and surplus lines market presents opportunities that are not lost on the rest of the world. Lloyd’s is the second largest U.S. surplus lines writer with a 14 percent market share. Direct...
Fla. CFO to Visit U.K. to Discuss Climate Effects on Insurance
Sep 7 2007 // Keith Allan, Her Majesty’s Consul General of Miami, invited Florida Chief Financial Officer Alex Sink to meet with British leaders in London in early November. Sink will meet with experts at the London School of...
RMS: U.K. Summer Floods Could Cost Insurers £2.25 Billion
Jul 30 2007 // The June and July floods that gripped parts of the U.K. could cost insurers between £2.25 billion and £3.25 billion in total, according to latest estimates by Risk Management Solutions (RMS). Insured losses from the July...
Britain’s Pearl Insurance Moves to Block Resolution-Friends Merger
Jul 30 2007 // Pearl Insurance indicated last Friday it was preparing to spoil rival British insurance company Resolution PLC’s acquisition of Friends Provident PLC. Pearl announced that it has increased its stake in Resolution to...
Willis Index Shows Soft Market in U.K. for Financial and Professional Lines
Jul 17 2007 // Rates continued to decrease in the second quarter of 2007 across all financial, executive and professional lines of insurance, according to a survey of London market insurers by Willis Group Holdings (NYSE: WSH), the...
