Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Zurich Plans U.K. Job Cuts in Restructuring
Apr 19 2001 // Following a larger than expected 5.5 percent drop in profits, Anglo-Swiss insurer Zurich Financial Services announced plans to reduce its operations in the U.K. with the elimination of 550 jobs. Most employees, however,...
Guarding Garden Gnomes – U.K. Notes Rise in Outdoor Theft
Apr 18 2001 // According to an article in Britain’s Independent on Sunday there are over 20 million gardeners in the U.K. and they spent £3.35 ($4.86 billion) last year on fertilizers, plants, decorative items and other products...
U.K. Parliament Seeks Ban on Genetic Testing
Apr 4 2001 // The dispute between Britain’s insurance industry and the government over the right to conduct and use genetic tests in assessing insurability and premium levels took a new turn on Wednesday when Parliament’s...
Britain’s Prudential To Buy Am Gen In Biggest Insurance Deal Ever
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
Prudential (U.K.) To Buy American General For $26.5 Billion
Mar 12 2001 // In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth...
Legal and General Posts 15 Percent Profit Rise
Feb 28 2001 // Legal & General, the U.K.’s 3rd largest life and pensions group, posted a 15 percent increase in pretax operating profits to £479 million ($692 million) for the year 2000, substantially above...
Insurers Face Minimal Impact from U.K. Foot-and- Mouth Outbreak
Feb 28 2001 // Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered...
U.K. Insurers’ Results To Reflect Rate Upturn, Storm Losses
Feb 26 2001 // Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal...
Independent Insurance Co. Rating Placed Under Review by A.M. Best
Feb 15 2001 // A.M. Best Co. has placed the A (Excellent) rating of Independent Insurance Co. Ltd. under review with developing implications. The rating action reflects the release of a trading statement on Feb. 8 in which the company...
RSA Doubles Storm Loss Estimates
Jan 19 2001 // Britain’s Royal & Sun Alliance announced that loss estimates for the fourth quarter of 2000 are between £180 million ($267.5 million) and £200 million ($297 million) almost doubling the previous...
S&P Affirms Barclays, Legal and General Ratings Following Alliance
Jan 17 2001 // Standard & Poor’s international rating service quickly reaffirmed Barclays Bank’s “AA/Stable/A-I+” rating and life and pension insurer L&G’s ratings, “in the...
ING May Sell U.K. Stockbroker
Jan 8 2001 // According to London’s Financial Times, Dutch financial services and insurance giant ING is reportedly ready to sell its U.K. based stockbrokerage unit, Williams de Broe, to Belgium’s Artesia Banking Corp. for...
U.K. Claims Code In Force, As Weather Hits New Year Celebrations
Jan 2 2001 // Rain snow and arctic weather hit the British Isles over the New Year’s weekend, causing some damage, snarling transport, and leading to the cancellation of many planned celebrations. U.K. insurers anticipate a number...
U.K. Web Insurer In Financial Crunch
Nov 28 2000 // RapidInsure, the British Online insurance website, announced that it has stopped accepting new business for the time being as it searches for additional financing in order to continue its operations. Founded in February by...
Premium Income Rises at Allianz – Eyes U.K. Acquisition
Nov 27 2000 // German insurance giant Allianz AG announced that premium income for the first 9 months of the year reached a record €50.9 billion ($42.675 billion) a 15.5 percent rise over 1999. Property and casualty operations...
U.K. Police To Check Insurance On-line
Nov 16 2000 // British police will soon be able to use a new program to run roadside checks on drivers to see if they carry insurance coverage. A new computer database, sponsored by U.K. insurers and established by the government, will...
RMS Estimates U.K. Flood Losses at £500 Million
Nov 10 2000 // Insurance companies and risk experts may not agree on the exact amount of the insured losses caused by the recent and ongoing floods and storms in Britain, but they all agree that the damages will be substantial. (See...
RSA, Wellington Estimate U.K. Storm Losses
Nov 10 2000 // Royal & Sun Alliance (RSA) estimates that it could face claims of £100 million ($145 million) or more from the current storms sweeping the U.K. Lloyd’s insurer Wellington said the events over the last three...
St. Paul Seeks Changes in U.K. Rail Policies To Allow Subrogation
Nov 8 2000 // St. Paul International Insurance, a unit of the St. Paul Cos., Inc., which is one of the primary insurance carriers for the U.K. ‘s privatized railroad companies, is seeking a change in policy rules to permit...
S&P Affirms Lloyd’s A+ Rating Following Court Ruling
Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...
