UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey December 20, 2019 Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his...
UK Regulator Asks Insurers to Weigh Possible Business Impact of Climate Change August 2, 2019 By Mathew Carr and Lisa Pham The Bank of England for the first time is asking British insurers to gauge how global warming might impact the...
Keyless Car Crime Drives 20% Hike in UK Motor Theft Claims in 1st Quarter May 28, 2019 The cost of UK motor theft claims paid by insurers in the first quarter rose by more 20% from the...
UK Insurers Pay Record £1 Million ($1.3 Million) Each Day for Vehicle Thefts: ABI March 28, 2019 A surge in vehicle thefts, including keyless car crime, has led to motor insurers paying out a record £1 million...
Britain Adopting EU Laws So Financial Firms Ready for ‘Any’ Brexit Outcome, Says Minister February 26, 2019 By Huw Jones and Carolyn Cohn Britain’s financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the...
UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior February 20, 2019 By Huw Jones Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for...
Most UK Insurers, Banks, Financial Firms Will Lose EU Access with No-Deal Brexit December 20, 2018 By Huw Jones Most banking, insurance and other financial firms in Britain would be cut off from the European Union if there is...
UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax October 30, 2018 By L.S. Howard UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which currently has an annual...
UK Insurers, Businesses Urge Government Not to Raise Insurance Premium Tax – Again October 10, 2018 By L.S. Howard UK insurers and businesses are urging the UK Treasury not to further penalize insurance customers by raising the insurance premium...