UK market News

People Should Get Back to Office, Learn to Live With Coronavirus: UK Business Minister

People should get back to the office to benefit from in-person collaboration because the world must learn to live with the coronavirus after a pandemic that has wiped trillions of dollars off global output, Britain’s business minister said on Friday. …

UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey

The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on …

Movo Partnership Acquires 3 Commercial UK Brokers

Movo Investment Group Ltd., the parent company of the Movo Partnership network (Movo), announced it has completed the acquisition of three commercial brokers in the UK. Chiltern Insurance Group, based in Reading; FLS General in Essex; and Kidd Insurance in …

UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead?

UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility in the coming months as insurers struggle with the implementation. The rules, which went into effect on Jan. 1, are …

UK Businesses Brace for Great British Resignation in 2022

UK businesses were hit by rising numbers of staff leaving their jobs voluntarily during 2021, with many employers facing the prospect of more resignations and a hiring crunch going into the third year of the pandemic, new research shows. Voluntary …

London Turns Into Ghost Town as UK Faces Record-Breaking Wave of COVID Infections

The owner of Parlez, a pub and restaurant in south London, hoped that sales this Christmas would have bounced back fully from last winter’s COVID-19 lockdown. Instead, every one of this week’s group reservations canceled their bookings. The UK is …

These Workers Stand to Gain From Current UK Pay Surges. Time to Ask for Pay Raise?

The fastest wage gains since the 2008 global financial crisis are throwing up opportunities and obstacles throughout the UK economy, leaving workers to wonder how much they’ll ultimately benefit. Underlying wages, adjusting for distortions caused by lockdowns and the furlough …

Howden Acquires UK Specialist Broker Ross Insurance Group

Howden, the international re/insurance broker, announced it has acquired Ross Insurance Group, a commercial broker servicing corporate and technology clients, as it continues to invest in expertise for its UK business. Ross Insurance Group currently offers a broad range of …

Xenia Buys UK Trade Credit and Surety Broker, Peter Hill Credit & Financial Risks

The credit insurance and surety specialist, Xenia Broking Group, announced it has acquired Peter Hill Credit & Financial Risks Ltd., based in Northampton, England. Peter Hill is a leading specialist trade credit insurance and surety broker, with a particular focus …

Bain Capital Makes Final Pitch for UK Mutual Insurer LV=

Bain Capital has made a final pitch to members of British insurer LV= to back its takeover bid, after a lengthy sale process that’s drawn a dozen offers as well as political heat about preserving mutual firms. The deal will …