Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Various Scenarios for Brexit: Deal, No Deal, New Referendum?
Aug 13 2018 // The United Kingdom is due to leave the European Union on March 29, yet little is clear: There is, so far, no divorce deal, rivals to Prime Minister Theresa May are circling and some lawmakers are pushing for a rerun of the...
UK Should Drop Migration Target After Brexit: Business Lobby
Aug 10 2018 // The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said. The...
Ping An Eyes Bid For Prudential’s Asia Business, in Biggest Outward M&A: Sources
Aug 9 2018 // Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever...
Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU
Aug 8 2018 // Britain must avoid tying Brussels up in red tape or antagonizing its soon to be former European Union partners and the United States if it is to maintain access to the bloc’s financial services market after...
No-Deal Brexit Doomsayers Could Be Helping UK Prime Minister in Negotiations
Aug 7 2018 // Is a no-deal Brexit becoming more likely? U.K. Trade Secretary Liam Fox puts the chances at 60 percent. And while Theresa May sees that as an overestimate, her office has been careful not to dispute Fox’s argument...
UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox
Aug 6 2018 // Prime Minister Theresa May’s ministers are ratcheting up warnings that Brexit talks risk ending in failure, with International Trade Secretary Liam Fox on Sunday predicting a messy split from the European...
Odds of No-Deal Brexit Are ‘Uncomfortably High,’ Warns BOE’s Carney
Aug 3 2018 // Mark Carney threw himself back into the thick of the Brexit debate on Friday, saying the chance of the U.K. dropping out of the European Union without a deal is “uncomfortably high.” The intervention suggests...
Insurer RSA Reports 15% Drop in H1 Operating Profit on Winter Weather Claims
Aug 2 2018 // Icy roads and frozen pipes due to bad weather in Canada and Britain hit insurer RSA’s first-half operating profit on Thursday, though results were in line with analyst forecasts. General insurer RSA, best known in...
UK’s Financial Services Exports Highlight Need to Keep Post-Brexit Access: Officials
Aug 1 2018 // Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday. Exports...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
Chubb Takes New Steps in Its Brexit Preparations to Redomicile to France
Jul 27 2018 // Chubb European Group announced it has achieved an important regulatory step in its Brexit preparations to redomicile its businesses to France. This provides Chubb’s customers “with continuous, uninterrupted...
Markel’s New German Insurer Rated ‘A’ by A.M. Best
Jul 27 2018 // Markel Corp. announced that its newly licensed German insurance company, Markel Insurance SE (MISE), has been given an “A” financial strength rating by A.M. Best. MISE has been established to meet the insurance...
International Underwriting Association Issues 2nd Brexit Contract Continuity Clause
Jul 27 2018 // A second Brexit contract continuity clause has been published by the International Underwriting Association (IUA). The association in June issued a policy clause to help companies manage insurance contracts as the UK...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day
Jul 26 2018 // The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the central bank’s top supervisor, said contingency planning for Britain’s withdrawal from the...
Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman
Jul 26 2018 // Brexit is the greatest structural challenge facing the London company market, said the chairman of the International Underwriting Association, Malcolm Newman. The UK’s break from the EU is affecting insurers, brokers...
UK Financial Services Sector to Remain Largely Unscathed from Brexit: Barclays’ Chief
Jul 25 2018 // Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ Chairman John McFarlane...
Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit
Jul 25 2018 // Fewer than 5,000 financial jobs might move out of Britain by “Day One” of Brexit and future relocations will depend on new trading terms with the European Union, Bank of England Deputy Governor Sam Woods said...
UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman
Jul 24 2018 // The U.K. is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London wrote in a letter to the Financial...
There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary
Jul 23 2018 // British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip...
UK Insurance Entrepreneur Banks Denies New Allegation of Links with Russia
Jul 23 2018 // British businessman Arron Banks has denied an allegation made by a former business partner that he approached Russians about investing in his diamond mines, and that the money raised went instead to his campaign to leave...
