Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Lloyd’s Names Barred from Action Against U.K. Government
Nov 13 2006 // A decision by Justice Langley, of the High Court in London, has dismissed a class-action lawsuit brought by Lloyd’s “Names”, individual investors, against the British government for the financial losses...
ABI Study Warns of Increased Flood Risk in Eastern U.K.
Nov 10 2006 // The Association of British Insurers (ABI) has issued a new report that warns of the dangers of increased flooding in Eastern England. Among other findings, the report, which was compiled using data supplied by Calif.-based...
Aon Proposes Changes to U.S. and U.K. Defined Pension Plans
Nov 3 2006 // Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to...
Munnoch to Head Zurich’s U.K. General Insurance Unit; Stuart Retires
Nov 1 2006 // Zurich Financial Services Group has appointed Guy Munnoch, 54, to the position of Chief Executive Officer (CEO), General Insurance in the United Kingdom, effective January 1, 2007. In this role he will report to Dieter...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...
Business Moves
Oct 9 2006 // Safeco moves to New York Stock Exchange, to Lay off 240 Seattle-based Safeco intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the...
FSA Head Warns U.K. Brokers on Commission Disclosure
Oct 4 2006 // John Tiner, the head of the U.K.’s Financial Services Authority, warned U.K. brokers that, unless the market comes up with a solution on the issue of disclosing brokers’ commissions, the FSA would be...
Britain’s Royal & Sun Alliance Sells U.S. Business to Management
Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...
Best Affirms Markel Int. ‘A-‘ Ratings
Sep 8 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of U.K.-based Markel International Insurance Company Limited (MIICL) with a stable...
R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009
Sep 5 2006 // Dublin-based consultants Research and Markets has produced a report, “Five Factors That Will Shape the Future of UK General Insurance,” which “provides five key predictions for the state of the UK general...
People and Places
Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...
Best Affirms ‘A-‘ Ratings on Hannover Re U.K. Sub
Aug 30 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of International Insurance Company of Hannover Limited (Inter Hannover), the U.K.-based subsidiary of Germany’s Hannover Re....
R&M Report Assesses Top U.K. General Insurers
Aug 28 2006 // Dublin-based Research and Markets has added a U.K. “General Insurance Market Assessment 2006” to their offering. The report examines the state of general insurance in the retail market in the UK in 2006. It...
U.K. Climate Study Warns of Increased Disaster Risk for Next 200 Years
Aug 15 2006 // In one of the most somber assessments yet of the consequences of global warming, scientists at the U.K.’s University of Bristol (http://www.bris.ac.uk.) warned: “As temperatures rise with global warming, an...
Airlines Tighten Security, Cancel Flights Following Terror Plot
Aug 11 2006 // Passengers in the United States coped with heightened security at airports Thursday after authorities in London uncovered a terror plot aimed at airlines traveling from Britain to the U.S. American Airlines canceled six...
Directors and officers market ripe for U.K. buyers
Aug 7 2006 // There are small but significant gains to be made for insureds in the current London directors and officers market, according to the majority of underwriters surveyed in the Willis Index tracking the D&O market. In the...
Directors and officers market ripe for U.K. buyers
Aug 7 2006 // There are small but significant gains to be made for insureds in the current London directors and officers market, according to the majority of underwriters surveyed in the Willis Index tracking the D&O market. In the...
U.K. Polls Reveals Half of Motorists Want Elderly Drivers Banned
Jul 21 2006 // Congestion on Britain’s streets is getting worse, but drivers polled by online insurance broker www.motorinsurance.co.uk have a novel solution: ban elderly drivers from the roads. In a shocking display of ageism,...
London-based Aviva PLC Aquires Iowa’s AmerUs for $2.9 Billion
Jul 14 2006 // Aviva PLC, Britain’s largest insurance company, said Thursday it will take over U.S. life insurance company AmerUs Group Co. in a $2.9 billion deal that will expand the U.K. insurer’s reach into the U.S....
