UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses January 21, 2022 By Kirstin Ridley and Carolyn Cohn Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs,...
UK Financial Watchdog to Curb Marketing of Cryptoassets, Other High-Risk Investments January 20, 2022 By Huw Jones and Tom Wilson Britain’s financial watchdog said on Wednesday it planned to curb the marketing of cryptoassets and other high-risk investments, a move...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
UK Financial Regulator Raises No Objection to Bain’s Acquisition of Insurer LV= October 26, 2021 By Huw Jones Britain’s financial watchdog said on Tuesday it won’t stop insurer LV= from proceeding with the disputed sale of its pensions...
New Rules Needed to Deal With Risks From Cloud Computing: Bank of England October 11, 2021 By Huw Jones New rules will be needed to deal with operational risks from banks relying on outsourced “cloud” computing from Amazon, Google,...
UK COVID-19 Business Insurance Payouts Top One Billion Pounds September 16, 2021 Small companies in Britain, which demanded that their insurers cover claims for losses accrued during the COVID-19 pandemic, have received...
UK Insurers Warned They Could Face Regulatory Action Over Car, Home Policies August 25, 2021 By Huw Jones LONDON – Insurers in Britain that are not ready to implement tougher “value for money” rules on car and home...
Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First August 25, 2021 By James Harrison COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...
Google Vows to Target Online Financial Scams in Britain June 30, 2021 Google will clamp down on financial fraud on its platform in Britain, saying on Wednesday that all financial services will...