Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Number of UK Firms Backing EU Membership Drops Over Past 6 Months: Deloitte
Jan 4 2016 // The majority of big British businesses that favor Britain remaining in the European Union has dwindled over the last six months, according to a quarterly survey of chief financial officers published on Monday. Accountancy...
ACE Offers Renewable Energy Environmental Protection Policy in U.K. & Ireland
Dec 31 2015 // ACE Group has launched ACE Renewable Energy Environmental Protection, a dedicated environmental policy for companies in the renewable energy industry in the U.K. and Ireland. ACE Renewable Energy Environmental Protection...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion
Dec 30 2015 // Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The Environment Agency said...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead
Dec 29 2015 // Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to...
U.K. Insurance Bill for Solvency II Regulation Compliance Hits $4.5 Billion
Dec 18 2015 // U.K. insurers have invested at least £3 billion ($4.5 billion) to be compliant with new European Union capital rules, known as Solvency II, that come into effect next month, according to an industry lobby group. More than...
CNA Hardy Continues U.K. Regional Expansion, with Opening of 5th Office
Nov 25 2015 // CNA Hardy* has further expanded its regional presence with the opening of its fifth U.K. office, in Birmingham, England. This marks the second U.K. office opening in 2015 for the London-based subsidiary of CNA...
ACE Appoints Leadership Team for Chubb Group’s European Division
Nov 24 2015 // ACE Ltd. announced members of the leadership team it intends to appoint for the European Group of the new Chubb Group’s Overseas General Insurance division, which includes Austria, Belgium, Czech Republic, Denmark,...
U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
Nov 23 2015 // Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth...
London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey
Nov 23 2015 // Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business...
Large British Insurers Get Major Exemption from Proposed EU Audit Rules
Nov 20 2015 // Britain’s biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union rules will...
Zurich Makes Changes to U.K. General Insurance Executive Team
Nov 19 2015 // Zurich Insurance has announced several changes to the executive line up of its U.K. General Insurance business. The appointments are as follows: Karl Helgesen was named U.K. chief claims officer, effective December 2015,...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
Nov 19 2015 // Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with...
UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism
Nov 17 2015 // Chancellor of the Exchequer George Osborne announced he’ll double funding to strengthen the U.K.’s cyber defenses, while refusing to confirm that budget cuts to be announced next week would spare...
Storm Barney to Raise Flood Risk & Damaging Winds Across UK
Nov 17 2015 // Barney, the second storm to be named by the U.K. Met Office this season, was expected to bring additional rain and damaging winds to the United Kingdom, according to a report issued by AccuWeather. “Barney will be a...
Zurich to Cut 440 Jobs at U.K. P&C Insurance Unit as Part of Cost-Cutting Program
Nov 9 2015 // Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company said in a statement to...
Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
Nov 3 2015 // Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas....
Hanover Q3 Profit Increases 42% to $78M
Oct 29 2015 // The Hanover Insurance Group Inc. reported $78.3 million net income for its 2015 third quarter, a 42.6 percent increase from $54.9 million net income reported a year earlier. The Worcester, Massachusetts-based insurer said...
Drugs Prices Much Higher in U.S. Than in Other Countries: Research
Oct 12 2015 // U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the...
Intellectual Property News: KitKat, Williams Sonoma, Whole Foods, Skechers, Segway, GoDaddy, Apple
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
Xuber Survey Finds London Insurance Execs Fear ‘Brexit’
Sep 8 2015 // Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for...
