Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Uber Girds for Court Battle to Continue Operating in London
Jun 25 2018 // In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to...
UK Regulators, Lawmakers Get Tough on ‘Poor Performance’ of Big 4 Auditing Firms
Jun 19 2018 // The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over...
KPMG’s Audit Work Is of `Unacceptable Standard:’ UK Regulator
Jun 19 2018 // KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players. In an...
UK Court Rules Contractor Entitled to Employment Rights in Test Case for Gig Economy
Jun 18 2018 // A London plumber who claimed he was unfairly dismissed after years of working as a contractor won a court ruling Wednesday [June 13] giving him employment rights, in a closely watched case testing labor rules in the...
Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe
Jun 15 2018 // The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone...
UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit
Jun 13 2018 // Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European...
Arch Capital Chooses Dublin for Its Post-Brexit EU Headquarters
Jun 11 2018 // Bermuda-based Arch Capital Group Ltd. plans to expand the group’s underwriting operations in Dublin to ensure continuity of its operations across the European Union (EU) when the United Kingdom leaves the...
Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit
Jun 8 2018 // Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday. The now defunct Financial...
RSA Receives Approval for Luxembourg Subsidiary for Post-Brexit EU Business
Jun 6 2018 // Insurer RSA Group has received licence approval for its new insurance subsidiary in Luxembourg from the r Commissariat aux Assurances (CAA). RSA Luxembourg is being established in preparation for the United Kingdom’s...
UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit
Jun 5 2018 // Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government...
Lloyd’s Receives Approval for Brussels Subsidiary
May 23 2018 // Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co. Lloyd’s Brussels will be able to write non-life risks from the European...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
It’s Up to Insurers to Prevent Brexit Disruption of Policies, Warns EU Chief
May 17 2018 // There is no guarantee that Brexit won’t disrupt millions of insurance and derivative contracts and it is still up to firms to take preventive measures, the European Union’s financial services chief said on...
GFG Alliance Eyes Australia Insurance, Banking for Expansion
May 17 2018 // Tycoon Sanjeev Gupta’s GFG Alliance is planning an expansion of its financial services business outside of Europe, targeting opportunities to provide lending and insurance to mid-sized businesses. “All...
Aspen Seeks OK for Post-Brexit Insurance Subsidiary in Ireland
May 16 2018 // Bermuda’s Aspen Insurance Holdings Limited has asked the Central Bank of Ireland to authorize a new insurance subsidiary in Dublin, Ireland. Aspen said it is pursuing the new Irish subsidiary – Aspen Insurance...
Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
May 16 2018 // The risk of cyber attack, once overhyped, now threatens businesses’ very existence. Its severity varies significantly with geography: For example, inherent cyber risk has climbed in France over the past year while...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
U.K.-EU Brexit ‘Working Group’ Tasked with Fate of Insurance Policies
May 2 2018 // The European Central Bank and the Bank of England have been drafted in to study the threats that Brexit poses to financial services. Just don’t expect this “technical working group” to save the...
Sompo International Receives Luxembourg OK for Post-Brexit P/C Subsidiary
Apr 23 2018 // Bermuda-based property/casualty insurer and reinsurer Sompo International Holdings Ltd. said it has received the regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary, SI Insurance...
