Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy June 20, 2019 Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh &...
Financial Services Industry Slams Latest UK Proposal for Post-Brexit EU Trade Ties July 13, 2018 By Gavin Finch and Silla Brush Britain’s financial industry slammed U.K. Prime Minister Theresa May’s latest proposal for Brexit, with some calling it the worst outcome...
Update: Messy Brexit Could Lead to ‘Contract Continuity’ Disruption for Insurers, Banks December 1, 2017 By John Glover As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job...
Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England August 9, 2017 By Huw Jones The Bank of England said a transition period after the Britain leaves the European Union would give banks more time...
Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI July 13, 2017 The insurance and long-term savings sector is one of the UK’s most productive industries, adding more than £40 billion (US$51.5...
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...
Fisher Appointed CEO of U.K.’s Chartered Insurance Institute January 11, 2016 Sian Fisher has been appointed CEO of the London-based Chartered Insurance Institute (CII)*. She succeeds Dr. Sandy Scott, who announced...
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II July 10, 2015 By Sarah Jones The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and...
‘Brexit’ a Major Political Risk for UK Insurers: ABI Chief Exec June 3, 2015 The risk of a British exit [‘Brexit’] from the European Union is causing major political uncertainty for the insurance industry,...