Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Storm Loss Estimates Between $300 and $660 Million – AIR Sees More Ahead
Oct 31 2000 // According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200...
CGNU Posts 21 Percent Increase in U.K. Life Sales
Oct 19 2000 // CGNU surprised analysts on Wednesday when it reported a 21 percent increase in its U.K. life sales totaling £5.5 billion ($8 billion) over the past 9 months, despite a general slowdown in long-term investments in the U.K....
S&P Lowers Cornhill Ratings to “AA-“
Oct 17 2000 // Standard & Poor’s rating service announced that it had “lowered its long-term counterparty credit and financial strength ratings on U.K. insurer Cornhill Insurance PLC (Cornhill) to double...
U.K. Health Dept. OK’s Insurers’ Use of Genetic Testing
Oct 16 2000 // The Department of Health’s Genetics and Insurance Committee (GAIC) has granted U.K. insurers permission to consider the results of genetic testing for Huntington’s Disease (also known as Huntington’s...
And The Winner Is… U.K. Acquisitions
Oct 3 2000 // After months of speculation Scottish Life announced that it has agreed to be acquired by fellow U.K. mutual insurer Royal London for £1.1 billion ($1.62 billion). The announcement ends speculation that other companies,...
Lincoln Transfers U.K. Sales Force As Deal Fails
Sep 29 2000 // Lincoln National Corp. announced that it was transferring its U.K. sales force of approximately 1000 to the Inter-Alliance Group Plc, an independent financial advisory group, after the failure to conclude a sale of its...
AXA To Distribute Surplus Funds in U.K.
Sep 27 2000 // French insurer AXA’s U.K. subsidiary Sun Life & Provincial announced plans to distribute up to £1.7 billion ($2.47 billion) in unclaimed funds to shareholders and policyholders. The amount has been accruing...
3 Insurers Reported Seeking U.K. ‘s Liverpool Victoria
Sep 20 2000 // In what’s shaping up as a battle of big fish, bigger fish, the Times reported that three companies were interested in acquiring U.K. Mutual life and pension insurer Liverpool Victoria, at the same time that it is...
Success For St. Paul With U.K. Lawyers
Sep 11 2000 // The St. Paul Companies have had considerable success with their professional liability policy for English and Welsh lawyers. Since receiving the designation “qualifying insurer” last January from the Law...
U.K. AUTO RATES ON THE RISE
Sep 4 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned Mintel, a marketing research firm. The average premium in 1999 was £226 ($336). It’s expected...
Big Increases Expected in U.K. Auto Rates
Aug 24 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months warns Mintel, a marketing research firm. The average premium in 1999 was £226 ($336); it’s expected to...
U.K. Online Bank To Offer Auto Coverage
Aug 16 2000 // Drivers in the British isles will soon be offered another option for their automobile coverage following the announcement by Egg, the U.K.’s biggest online bank, that it will begin offering automobile policies...
Britain Goes Electronic with Signatures
Jul 26 2000 // Following on the heels of the United States, Britain legalized electronic signatures Tuesday, giving them the same status as hand-written signatures in an effort to boost the country’s e-commerce. A second law will...
Report MarshMac To Expand In Europe, U.K.
Jun 26 2000 // According to reports which appeared in the Times of London, and France’s financial newspaper Les Echos, the world’s largest broker Marsh & McLennan (Marsh,Inc.) plans to expand its operations in the U.K....
Bancassurance Model is Business as Usual in European Countries
Jun 12 2000 // The passage of the Gramm-Leach-Bliley Act marked a watershed in U.S. financial regulation, opening up the banking, insurance and securities sectors to cross-holdings and business combinations after almost 70 years of...
HSBC Launches Internet Insurance Site for U.K. Small Business Community
Jun 11 2000 // London based Hong Kong and Shanghai Bank Corp. (HSBC) announced the launch of an interactive commercial insurance service for the U.K.’s small business community. Initially the service will offer commercial property...
AIG Unit Launches U.K. Health Care Coverage
Jun 7 2000 // New Hampshire Insurance Co., a member of the AIG Group, announced that it would begin offering health care coverage in the U.K. for non-emergency medical procedures under a plan named “Healthnow.” The name is...
Heavy Rains Cause Flood Loss in U.K.
Jun 6 2000 // Unseasonably heavy rains over the weekend caused extensive flood damage in northeast England. “Almost 30 hours of continuous rain caused the river Calder to burst its banks, flooding the town of Todmorden. Water was...
Internet Virus Insurance Offered in U.K.
May 25 2000 // XTML, an Internet solutions provider, announced that it has made arrangements with U.K. insurer Independent Insurance to offer a policy covering damages caused by Internet viruses, including e-mail originated viruses like...
SINSER Buys U.K. Risk Management Group
May 24 2000 // SINSER Holding AB, part of Sweden’s Skandia Group, announced that it has acquired Risk & Insurance Research Group Ltd.(RIRG) of London for an undisclosed price. The move underlines Skandia’s strategic...
