Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
British Insurers Suspend Sale of Travel Insurance to New Customers March 16, 2020 British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their...
UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’ December 4, 2017 By Noor Zainab Hussain Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the...
UK to Alter ‘Ogden Rate’ Used to Calculate Personal Injury Payments September 7, 2017 Britain plans to alter the rate used to calculate upfront personal injury payments, the Ministry of Justice said on Thursday,...
Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses March 16, 2016 Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by...
Insurers Could Find an Early-Mover Advantage from Telematics: Fitch March 7, 2016 The motor insurance industry faces a significant shake-up from two waves of technological innovation – the growth of telematics and...
‘Brexit’ Could Hurt Investments, Cause Regulatory Uncertainty: UK’s Direct Line March 1, 2016 By Carolyn Cohn A British exit from the European Union could hurt UK insurer Direct Line’s investment portfolio and cause regulatory uncertainty, it...
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...
Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements December 7, 2015 By Sarah Jones Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England...