UK Corporate Distress at Level Last Seen Post-COVID, Report Says March 13, 2025 By Edward Clark Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the...
UK Court Blocks Class Action Lawsuit Against Water Companies Over Sewage Leaks March 7, 2025 By Upmanyu Trivedi A UK court blocked a class action lawsuit over allegations of the under reporting of sewage leaks by six water...
Insurers Pay Record Claims for Weather-Related Damage in UK: ABI February 11, 2025 Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in...
City of London Hit Harder Than Rest of Economy Since Brexit Vote February 3, 2025 By Tom Rees The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the...
Theft and Violence in UK Retail Soar to Record Levels, Survey Shows January 30, 2025 By James Davey Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven...
UK’s Reeves to Meet Key Financial Services Sectors January 21, 2025 British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking...
One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows January 6, 2025 By Tom Rees Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from...
European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields December 19, 2024 By Sabine Bauer and Manuel Arrivé European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles...
Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line December 6, 2024 By Pamela Barbaglia, Dinesh Nair, Aaron Kirchfeld and Leonard Kehnscherper Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a...
Insurer Fortegra Launches Subsidiary in UK December 4, 2024 The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval...