Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
AXA H1 Net Income Rises 4% to $3.6B as L&H Earnings Offset Cat Losses
Aug 3 2016 // AXA SA, France’s biggest insurer, said first-half profit rose 4 percent as increased earnings from life and health insurance helped offset higher claims from natural catastrophes. Net income climbed to 3.2 billion...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating
Aug 1 2016 // Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than...
AIG Offers Brexit Coverage in UK for Anxious Executives
Jul 29 2016 // American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the...
Dublin Looks to Lure Financial Services Jobs from UK After Brexit Vote
Jul 27 2016 // Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to...
How Brexit Raises Risk of Financial Instability for U.S.
Jul 26 2016 // The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor said on Monday. In...
Amazon and UK Government Form Partnership to Test Drone Deliveries
Jul 26 2016 // Amazon Inc. and the British government have announced a partnership to test the e-commerce giant’s aerial drone parcel delivery system after run-ins over the technology’s use. Supervised by the U.K.’s...
UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary
Jul 25 2016 // British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson,...
What Keeps D&Os Awake at Night? Coverage Concerns Rise
Jul 25 2016 // There are numerous emerging liability risks that may be keeping corporate directors and officers awake at night, which is why their D&O insurance protection is rising up their list of concerns. “The worry of...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Suit Seeks to Force UK PM to Consult Parliament Before Initiating Britain’s EU Exit
Jul 20 2016 // A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain’s exit from the European Union will be taken “very seriously” and may reach the Supreme Court by...
Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020
Jul 13 2016 // Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the next four years to test autonomous and connected technology, with the first models to hit the...
New Prime Minister ‘Must Protect’ London’s Financial Center in Brexit Talks
Jul 12 2016 // Britain’s next Prime Minister Theresa May must find ways to protect London’s financial sector as the country negotiates its exit from the European Union, senior lawmaker Stephen Hammond said on Monday. May is...
QBE, Marsh Consider the Brexit-Effect
Jul 11 2016 // QBE Insurance Group announced last month that it will be reviewing its UK-based operations in light of the UK leaving the European Union. “The referendum outcome may require a revised approach in relation to...
Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments
Jul 8 2016 // The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded by domestic banks and building societies but increasingly by foreign banks and insurers. UK...
Capital Rules Eased for UK Banks, Insurers in Wake of Brexit Vote
Jul 5 2016 // Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s shock decision to leave the European Union have started to crystallize. “There is the prospect of a material...
Bermuda Market Associations Allay Fears of Brexit Contagion
Jul 1 2016 // Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected,...
London Re/Insurance Market Will Weather Brexit Storm: Execs
Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...
Post-Brexit Market Rout Deepens UK Corporate Pension Deficits
Jul 1 2016 // Record low gilt yields following Britain’s vote to leave the European Union are deepening UK pension deficits, worsening a headache for domestic companies which may be called upon to help fill the gap. Several years...
Legal Expert Assesses 4 Scenarios to Put Brakes on Brexit
Jun 30 2016 // As continental powers pressure a nervous Britain to formally apply to exit the European Union, die-hard “remain” supporters are taking on the mission to put the brakes on the so-called Brexit. The challenge is...
