U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report January 16, 2020 Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation,...
British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else January 8, 2020 Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and...
Allianz Buys U.K.’s LV General Insurance Group and Legal & General’s Non-Life Unit January 2, 2020 Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV...
UK Financial Services Sector Remains Resilient Ahead of Brexit: Research December 18, 2019 Britain’s exports of financial and related services rose to 83 billion pounds ($106.5 billion) last year, with the European Union...
British Watchdog FCA Probes Data Sharing in Financial Services December 17, 2019 By Huw Jones Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings,...
Flooding in Northern England Becomes U.K. Election Issue November 13, 2019 By Robert Hutton Boris Johnson deployed extra troops to help flood-hit parts of Northern England as he tried to ensure that a natural...
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License November 12, 2019 Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to...
U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister October 28, 2019 By Huw Jones Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos October 15, 2019 By Andrew MacAskill, Sinead Cruise and Huw Jones From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the...
U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies October 7, 2019 By Will Hadfield U.K. home and car insurers could be stopped from jacking up prices when customers’ policies come up for renewal as...