Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report January 20, 2017 By L.S. Howard The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers,...
AIG May Move Europe HQ from London to Another EU Country on Brexit November 22, 2016 By Huw Jones and Carolyn Cohn U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to...
Who Pays When Driverless Cars Crash? UK Insurers Call for Int’l Standards November 22, 2016 Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed...
With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers November 17, 2016 Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation...
SMEs Reap Benefits from Trade Credit Insurance as Economic Risks Rise: UK’s ABI June 1, 2016 Nearly £36 million ($52.6 million) was paid in insurance claims to small businesses last year, due to customer insolvency or...
Volvo to Launch Autonomous Driving Trial in London in 2017 April 28, 2016 Swedish car maker Volvo will begin an autonomous driving trial in London in 2017. Called “Drive Me London,” the UK...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion December 30, 2015 By Carolyn Cohn and Kate Holton Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead December 29, 2015 By Noor Zainab Hussain and Simon Jessop Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace...
ABI Confirms Insurers’ UK Flood Coverage Efforts; Losses May Top $1.6 Billion December 28, 2015 Mark Shepherd, General Insurance Policy Manager at the Association of British Insurers (ABI), said: “Insurers will be doing everything possible...
U.K. Insurance Bill for Solvency II Regulation Compliance Hits $4.5 Billion December 18, 2015 By Sarah Jones U.K. insurers have invested at least £3 billion ($4.5 billion) to be compliant with new European Union capital rules, known...