Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report January 20, 2017 By L.S. Howard The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers,...
Zurich to Cut 240 UK Jobs as Life, General Insurance Arms Combine January 20, 2017 Zurich Insurance Group AG plans to slash about 240 jobs in the UK as part of broader efforts to bring...
Chubb Global Markets Names Novae’s Clarke as Senior Casualty U/W January 13, 2017 Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of Lee Clarke as senior casualty underwriter....
PwC Names Bichard as UK Insurance Leader, Succeeding Howe January 12, 2017 PwC has appointed Jim Bichard to lead its 1,000-person strong UK insurance practice. Bichard succeeds Jonathan Howe, who has led...
Unfettered EU Access Must Be Priority of Brexit Talks: Report January 10, 2017 By Huw Jones Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available...
Marsh Completes Acquisition of Bluefin Insurance from AXA January 3, 2017 Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin...
Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official December 22, 2016 By Huw Jones Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1 December 19, 2016 By L.S. Howard M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from...
South Africa’s Rand Merchant Acquires 30% of UK Motor Insurer Hastings December 14, 2016 By Vidya L. Nathan and Carolyn Cohn South Africa’s Rand Merchant Investment Holdings ramped up its presence in the British insurance market on Wednesday with the purchase...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit December 6, 2016 By Tim Ross The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level...