London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising April 1, 2021 Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier March 30, 2021 By Rachel Armstrong and Huw Jones LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank...
Hiscox Promotes Patel to Head of Direct Commercial in UK March 12, 2021 Specialist insurer Hiscox announced the appointment of Isha Patel to head of Direct Commercial within Hiscox UK. Patel joined Hiscox...
UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built March 5, 2021 By Huw Jones Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month,...
Britain Reviews Rulebooks to Keep Financial Services Sector Competitive After Brexit February 25, 2021 By Huw Jones Britain is conducting a review of its financial rulebooks and policies to see how it can keep its 130 billion...
Plans to Reform UK Insurance Capital Rules Not Part of ‘Deregulatory Agenda’: Minister February 24, 2021 By Huw Jones and Carolyn Cohn Britain’s plans to change capital requirement rules for insurers following its departure from the European Union are about tailoring them...
UK, EU to Create Financial Services Cooperation Forum for Market Access Talks February 23, 2021 By Huw Jones and Carolyn Cohn Plans by Britain and the European Union to set up a new financial cooperation forum by the end of March...
Global Risk Partners Agrees to Acquire Marsh’s UK Networks Business February 18, 2021 Global Risk Partners (GRP) has entered into an agreement to acquire the UK Networks business of Marsh, the global insurance...
Swiss Re Corporate Solutions Appoints Neon’s Dougall as Global Head Casualty February 17, 2021 Swiss Re Corporate Solutions has appointed Andrew Dougall as global head casualty, effective Feb. 22, 2021. In this leadership role,...
UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England February 10, 2021 By Huw Jones The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding...