Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
People and Places
Feb 12 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...
People
Feb 11 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...
People and Places
Jan 29 2007 // Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities...
Royal & Sun Alliance management buyout faces opposition
Jan 28 2007 // New York Sens. Hillary Clinton and Charles Schumer, along with New York City Mayor Michael Bloomberg, have expressed concerns that the deal may leave Royal Indemnity unable to meet its obligations. A proposed management...
Royal & Sun Alliance Management Buyout Faces Opposition
Jan 22 2007 // A proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations could leave policyholders in jeopardy, according to critics trying to halt the deal that is before...
2006:a big year for P&C buyers and sellers of all shapes and sizes
Dec 24 2006 // JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites...
Best Affirms Zurich’s ‘A’ Ratings
Dec 21 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company, the main operating company of...
Best Affirms Guardian General Ratings
Dec 14 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Guardian General Insurance Limited (GGIL) and its wholly owned subsidiary, N.E.M. (West Indies) Insurance Limited (NEMWIL) with a...
Lloyd’s Names Barred from Action Against U.K. Government
Nov 13 2006 // A decision by Justice Langley, of the High Court in London, has dismissed a class-action lawsuit brought by Lloyd’s “Names”, individual investors, against the British government for the financial losses...
ABI Study Warns of Increased Flood Risk in Eastern U.K.
Nov 10 2006 // The Association of British Insurers (ABI) has issued a new report that warns of the dangers of increased flooding in Eastern England. Among other findings, the report, which was compiled using data supplied by Calif.-based...
Aon Proposes Changes to U.S. and U.K. Defined Pension Plans
Nov 3 2006 // Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to...
Munnoch to Head Zurich’s U.K. General Insurance Unit; Stuart Retires
Nov 1 2006 // Zurich Financial Services Group has appointed Guy Munnoch, 54, to the position of Chief Executive Officer (CEO), General Insurance in the United Kingdom, effective January 1, 2007. In this role he will report to Dieter...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...
Business Moves
Oct 9 2006 // Safeco moves to New York Stock Exchange, to Lay off 240 Seattle-based Safeco intends to list its common stock on the New York Stock Exchange (NYSE). Safeco anticipates the trading of its common stock to commence on the...
FSA Head Warns U.K. Brokers on Commission Disclosure
Oct 4 2006 // John Tiner, the head of the U.K.’s Financial Services Authority, warned U.K. brokers that, unless the market comes up with a solution on the issue of disclosing brokers’ commissions, the FSA would be...
Britain’s Royal & Sun Alliance Sells U.S. Business to Management
Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...
Best Affirms Markel Int. ‘A-‘ Ratings
Sep 8 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of U.K.-based Markel International Insurance Company Limited (MIICL) with a stable...
R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009
Sep 5 2006 // Dublin-based consultants Research and Markets has produced a report, “Five Factors That Will Shape the Future of UK General Insurance,” which “provides five key predictions for the state of the UK general...
People and Places
Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...
