Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
New Report on U.K. Insurance Market Issued
Aug 31 2004 // Dublin-based consulting firm Research and Markets (http://www.researchandmarkets.com) announced the addition of a new “Insurance Companies Market Report 2004,” which provides an analysis of U.K. insurance...
Vehicle Destruction May Be Ultimate Sanction for Uninsured U.K. Drivers
Aug 11 2004 // Concerned by the high percentage of accidents involving uninsured motorists, the British Government announced plans for a crackdown that could ultimately allow police to seize and eventually destroy the cars they...
Kroll Acquires U.K. Employee Screening Company
Aug 10 2004 // Kroll Inc., the global risk consulting company recently acquired by Marsh Inc., announced that Kroll Background Worldwide Limited (KBW), its London-based international background screening subsidiary, has acquired FPR...
Growing U.K. Compensation Culture Poses Major Threat to Profitability, Jobs, Survey Reveals
Aug 1 2004 // U.K. businesses are being increasingly hampered by the costs of dealing with the burgeoning compensation culture, which in turn is diverting management resources and financial investment away from core business and revenue...
Underwriting Improvement Continued for UK Nonlife Insurers in 2003
Jul 30 2004 // Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report...
CII, CILA Launch U.K. Claims Faculty
Jul 1 2004 // The U.K’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced the launch of a new forum for the insurance industry’s 100,000-strong claims. The bulletin noted that...
Aspen U.K. to Expand London Market Portfolio
Jun 29 2004 // Aspen Insurance UK Limited has announced that it intends to expand its London market insurance portfolio. Aspen’s bulletin said it has created “a new underwriting team headed by liability specialist John...
R&SA in Talks to Sell U.K. Life Operations
Jun 21 2004 // Royal & Sun Alliance Insurance Group has issued a brief announcement confirming that it “is in discussions regarding the disposal of its UK Life insurance operations.” Widespread news reports began...
Arch’s U.K. Subsidiary Establishes New Construction and Engineering Division
May 26 2004 // Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (U.S.), announced that it has expanded into construction and engineering insurance with the appointment of Anthony Reilly as Construction All Risks/Erection All...
U.K. Survey Finds Compensation Culture Concerns
May 19 2004 // A recent survey commissioned by Norwich Union, a division of the Aviva group, and the U.K.’s largest b general insurer, has concluded that the “compensation culture,” i.e. the unbridled tendency to file a...
R&SA Restructuring Reduces Revenues, But Strengthens Overall Financial Condition
May 13 2004 // The U.K.’s Royal & Sun Alliance announced first quarter figures that broadly reflect its ongoing restructuring efforts. Under the direction of Andy Haste, who took charge of Britain’s second largest...
Chubb Publishes Report on “Stalking” in the U.K.
May 10 2004 // Chubb Corp. has compiled the first comprehensive report in the U.K. on the modern phenomenon known as “stalking.” The study found that the intrusive behavior is by no means limited to celebrities; more typical...
S&P Affirms Groupama (U.K.) ‘A’ Rating
Apr 30 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” insurer financial strength rating on U.K. non-life insurer Groupama Insurance Co. Ltd. and removed the company from...
People and Places
Apr 5 2004 // Dan Pettigrew Caliber Collision Centers, which operates collision repair facilities in California and Texas, named Dan Pettigrew as executive vice president of Operations. In this position, Pettigrew assumes responsibility...
U.K. Budget Boosts Lloyd’s Names
Mar 18 2004 // Chancellor Gordon Brown’s 2004 U.K. budget proposals will help schools with extra cash and retired persons with tax breaks, but not civil servants, as the budget plans on cutting some 40,000 jobs. While the U.K. will...
Philip Lader to Join Council of Lloyd’s
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from...
CII Reports on U.K. Flood Risks
Mar 2 2004 // A new report released by the U.K.’s Chartered Insurance Institute indicates that losses from flood risks are increasing in the country in terms of hazard, exposure and vulnerability. “Flooding risks present a...
Gallagher & Co. Increases Stake in RMP to 100%
Feb 27 2004 // Arthur J. Gallagher & Co. (NYSE: AJG) today announced that its subsidiary, Arthur J. Gallagher (UK) Limited acquired the remaining 50% of its United Kingdom joint venture, Risk Management Partners Ltd, from Am Re...
S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings
Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...
Aviva to Close U.K. Brokerage Operation
Feb 6 2004 // The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The closure will eliminate around 1,600 jobs, as Aviva shutters the broker’s 240...
