Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Insurer RSA Reports 15% Drop in H1 Operating Profit on Winter Weather Claims
Aug 2 2018 // Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA’s first-half operating profit on Thursday, though results were in line with analyst forecasts. General insurer RSA, best known in...
UK’s Financial Services Exports Highlight Need to Keep Post-Brexit Access: Officials
Aug 1 2018 // Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday. Exports...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
Chubb Takes New Steps in Its Brexit Preparations to Redomicile to France
Jul 27 2018 // Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France. This provides Chubb’s customers “with continuous, uninterrupted...
Markel’s New German Insurer Rated ‘A’ by A.M. Best
Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance...
International Underwriting Association Issues 2nd Brexit Contract Continuity Clause
Jul 27 2018 // A second Brexit contract continuity clause has been published by the International Underwriting Association (IUA). The association in June issued a policy clause to help companies manage insurance contracts as the UK...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day
Jul 26 2018 // The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the central bank’s top supervisor, said contingency planning for Britain’s withdrawal from the...
Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman
Jul 26 2018 // Brexit is the greatest structural challenge facing the London company market, said the chairman of the International Underwriting Association, Malcolm Newman. The UK’s break from the EU is affecting insurers, brokers...
UK Financial Services Sector to Remain Largely Unscathed from Brexit: Barclays’ Chief
Jul 25 2018 // Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ Chairman John McFarlane...
Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit
Jul 25 2018 // Fewer than 5,000 financial jobs might move out of Britain by “Day One” of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam Woods said...
UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary
Jul 23 2018 // British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip...
UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia
Jul 23 2018 // British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave...
UK Government Officials Identify Security Risks with Huawei’s Telecom Equipment
Jul 20 2018 // Technical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday. The assessment, made in a report...
Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access
Jul 20 2018 // Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the...
UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
Jul 19 2018 // Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. “With...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
UK PM’s Brexit Plans Threatened by Euroskeptics; Others Support 2nd Referendum
Jul 16 2018 // Theresa May’s long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit plans. Euroskeptic...
Trump Apologizes to UK Prime Minister for ‘Fake News’ Criticisms of Brexit Plan
Jul 14 2018 // President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment...
Trump Criticizes UK Prime Minister’s Brexit Plan, Saying He Would Have Done It Better
Jul 13 2018 // U.S. President Donald Trump said a free trade deal with Britain might be impossible if London went ahead with Prime Minister Theresa May’s proposals for post-Brexit ties with the European Union, in damaging remarks...
