Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Re/Insurance Business Leaders Begin to Comment on Post-Brexit World
Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to untangle...
Update: Britain Votes to Leave EU; Prime Minister Cameron Resigns
Jun 24 2016 // Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets...
World Awaits Outcome of UK’s EU Referendum
Jun 23 2016 // Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world. A British...
Factbox: Weighing Value of Financial Services in UK Economy on Day of Brexit Vote
Jun 23 2016 // Britain, Europe’s biggest financial hub, votes today on whether to stay in or leave the European Union. The country’s financial and professional services industries are considered as the most vulnerable to an...
Brexit Would Create Extra Burden for Reinsurers, Caution CEOs
Jun 22 2016 // While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B...
AXA Awaits Result of Brexit Vote Before Building London’s Tallest Tower
Jun 21 2016 // AXA SA’s real estate unit is awaiting the outcome of the Brexit referendum before deciding whether to proceed with a plan to build the tallest tower approved in the City of London. “We have not launched the...
‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon
Jun 21 2016 // Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave...
AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs
Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a...
Brexit Would Threaten UK’s Access to EU via Single Passport: Officials
Jun 15 2016 // Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.” The City of...
AXA’s CEO de Castries Predicts ‘Extremely High’ Probability of ‘Brexit’
Jun 14 2016 // There is an “extremely high” probability that the U.K. will vote to leave the European Union and investors will face “a true landscape of uncertainties,” AXA SA Chief Executive Officer Henri de...
Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P
Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...
UK’s Allianz Insurance Offers Free Cyber Risk Assessment Tool for SMEs
Jun 9 2016 // Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment. The Allianz Cyber Risk...
People Are Key to a CFO’s Success: QBE’s Group CFO Regan
Jun 6 2016 // When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds. “You’re only as successful as the...
Future of London Market Threatened by ‘Brexit’, Warn Market Leaders
Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of...
Britain Would Face Trade Barriers if It Votes for Brexit: EU Financial Services Head
May 24 2016 // Britain would face trade barriers if it left the European Union and its single market, the EU’s financial services commissioner Jonathan Hill said on Monday. Hill, a Briton appointed to the European Commission by UK...
Aegon, Transamerica Owner, Sells $4.4B UK Annuity Portfolio to Legal & General
May 23 2016 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., divested the final 3 billion pounds ($4.4 billion) of annuities from its U.K. portfolio to Legal & General Group Plc. The transaction, which covers 27,000...
China Seeks Help from UK on Its Plans to Create Financial Super-Regulator
May 16 2016 // China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year’s stock market crash, sources with knowledge of the talks told...
Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P
May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and...
Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader
May 13 2016 // Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has...
