Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
W.R. Berkley Corp. Notes Plans to Form U.K. Operation
Mar 5 2003 // W. R. Berkley Corporation announced that it intends to form a United Kingdom authorized insurance company. It is expected that the enterprise will be London-based and will specialize principally in writing domestic U.K....
S&P Removes AMP from CreditWatch; Lowers Ratings of U.K. Units
Feb 12 2003 // Standard & Poor’s Ratings Services announced that Australia’s AMP Life Ltd. has been removed from CreditWatch and that its ‘AA-‘ ratings have been affirmed with a negative outlook. S&P...
Cybersettle Receives U.K. Patent for Insurance Dispute Settlement Method
Feb 11 2003 // New York-based Cybersettle, Inc., a leading online claims mediation company, announced that it has received a patent in the U.K. on its method for settling disputes, the first time such a patent has been granted in the...
U.K. Regulators May Ease Solvency Rules to Help Embattled Life Sector
Feb 3 2003 // The U.K.’s Financial Services Authority, the body that regulates the country’s financial and insurance industries, has indicated that it will consider requests from the U.K.’s troubled life insurers for...
RMS Reconstructs Losses from U.K.’s 1953 Floods
Jan 31 2003 // California-based Risk Management Solutions, Inc., one of the world’s leading providers of products and services for catastrophe risk management, announced that it has released an in-depth study, “revealing the...
A.M. Best Raises Rating of Brit Insurance to ‘A’ (Excellent)
Jan 27 2003 // A.M. Best Co. announced that it has raised the financial strength rating to A (Excellent) from A- (Excellent) of U.K.-based Brit Insurance Limited (BIL), and has removed the ratings from under review status with a stable...
EC to Decide Whether to Charge U.K. on Lloyd’s Regulation
Jan 20 2003 // The European Commission, the top regulatory body of the European Union, is reportedly set to decide on Tuesday whether to file formal charges against the U.K. for failing to apply EU regulatory standards to the...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
AMP to Cut 1900 Jobs at Pearl, Reduce U.K. Operations
Dec 4 2002 // The long anticipated job cuts at Peal Insurance, the loss making U.K. subsidiary of Australia’s AMP, have finally been announced. CEO Andrew Mohl said yesterday that the company plans on reducing its workforce by...
AMP to Writedown up to $675 Million from U.K. Operations
Nov 18 2002 // Australia’s beleaguered AMP Ltd. announced that it could writedown as much as A$1.2 billion (U.S.$675 million) in the value of its U.K. operations, chiefly Pearl and NPI, by the end of the year. The news comes on top...
R&SA Reports Improved 9 Month Earnings; A.M. Best Affirms ‘A-‘ (Excellent) Rating
Nov 7 2002 // The U.K.’s Royal & Sun Alliance Insurance Group plc reported that the Group’s combined operating result was $739 million for the first nine months of 2002, compared to $482 million for the same period in...
New AMP CEO Makes Changes, May Reduce U.K. Operations
Oct 16 2002 // Andrew Mohl, who took over as CEO of Australia’s AMP in September, has announced a number of changes, aimed at restoring the company’s image and profitability, following a steep fall in its share price, due...
New Mexico Judge Upholds Lloyd’s Claims Against “Names”
Oct 15 2002 // Judge Lorenzo Garcia of the U.S. District Court in Albuquerque New Mexico has upheld the ruling of a U.K. court in favor of Lloyd’s claims for a total of $2.8 million from six American investors, or...
EU Report Indicates U.K. Gov’t. May Not Have Properly Audited Lloyd’s
Oct 4 2002 // A preliminary draft of a report prepared for the European Commission apparently indicates that U.K. regulators failed to adhere to European Community regulations in auditing and oversight of Lloyd’s of...
FSA Sets Out Goals for U.K. Insurance Industry Regulation
Oct 1 2002 // The U.K.’s Financial Services Authority, which assumed regulatory control of the country’s insurers a year ago, issued a bulletin stating that its goals were to create more openness with regulators and...
Great Britain to Expand ‘Pool Re’ Scheme
Jul 24 2002 // Great Britain reportedly will increase a scheme to insure businesses against terror attacks to include nuclear and biological warfare or a repeat of those on Sept. 11, according to a Reuters report. Presently known as...
A.M. Best Affirms Rating of UIA
Jul 18 2002 // A.M. Best Co. affirmed the financial strength rating of “A-” (Excellent) of UIA (Insurance) Limited, United Kingdom. The company’s excellent level of surplus and its niche position in the U.K. household...
Standard and Poor’s Withdraws Gulf Co. U.K. Ltd. ‘AA-‘ Ratings
Jul 16 2002 // Toronto-based Kingsway Financial Services Inc. has obtained approval from the Financial Services Commission of Ontario (FSCO) to implement increased rates and to eliminate certain rating classes for Private Passenger...
India’s WNS Acquires U.K. Claims Management Service Co.
Jul 10 2002 // India’s WNS (Holding) Ltd., one of a number of companies on the sub-continent which specialize in providing back office services, will acquire the U.K.’s Town & Country Assistance, an insurance claims...
