Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Guy Carpenter Names Carrington to Lead U.K. Casualty Specialty Practice
Nov 3 2004 // Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K....
U.K. Asbestos Claims Could Top $36 Billion
Nov 2 2004 // A new study of asbestos related diseases in the U.K., as reported by the BBC, indicates that total claims could reach £20 billion ($36 billion) over the next 30 years. According to actuarial estimates, about half that...
U.K. Regulator Monitoring Spitzer Probe
Oct 19 2004 // The U.K.’s Financial Services Authority (FSA), which oversees Britain’s banks, insurers and financial service providers, is reportedly watching the unfolding of New York Attorney General Eliot Spitzer’s...
Best Assigns ‘A+’,’aa-‘ Ratings to Aviva Group
Oct 18 2004 // A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also...
U.K. Insurance and Financial Services Conference Focused on Industry Image
Oct 4 2004 // The U.K.’s annual Insurance and Financial Services Conference, sponsored by the Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA), got underway Wednesday, Sept. 29. The...
S&P Affirms QBE Re (Europe) ‘A+’ Ratings
Sep 23 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A+” long-term counterparty credit and insurer financial strength ratings on Dublin-based non-life reinsurer QBE Reinsurance...
Best Announces Rating Actions on R&SA
Sep 13 2004 // A.M. Best Co. announced several rating actions concerning the U.K.-based insurance group Royal & Sun Alliance and its subsidiary companies. Best affirmed the financial strength rating of “A-” (Excellent)...
New Report on U.K. Insurance Market Issued
Aug 31 2004 // Dublin-based consulting firm Research and Markets (http://www.researchandmarkets.com) announced the addition of a new “Insurance Companies Market Report 2004,” which provides an analysis of U.K. insurance...
Vehicle Destruction May Be Ultimate Sanction for Uninsured U.K. Drivers
Aug 11 2004 // Concerned by the high percentage of accidents involving uninsured motorists, the British Government announced plans for a crackdown that could ultimately allow police to seize and eventually destroy the cars they...
Kroll Acquires U.K. Employee Screening Company
Aug 10 2004 // Kroll Inc., the global risk consulting company recently acquired by Marsh Inc., announced that Kroll Background Worldwide Limited (KBW), its London-based international background screening subsidiary, has acquired FPR...
Growing U.K. Compensation Culture Poses Major Threat to Profitability, Jobs, Survey Reveals
Aug 1 2004 // U.K. businesses are being increasingly hampered by the costs of dealing with the burgeoning compensation culture, which in turn is diverting management resources and financial investment away from core business and revenue...
Underwriting Improvement Continued for UK Nonlife Insurers in 2003
Jul 30 2004 // Initial review of the aggregate statistics of the U.K. nonlife primary market suggests that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000, according to a report...
CII, CILA Launch U.K. Claims Faculty
Jul 1 2004 // The U.K’s Chartered Insurance Institute (CII) and the Chartered Institute of Loss Adjusters (CILA) announced the launch of a new forum for the insurance industry’s 100,000-strong claims. The bulletin noted that...
Aspen U.K. to Expand London Market Portfolio
Jun 29 2004 // Aspen Insurance UK Limited has announced that it intends to expand its London market insurance portfolio. Aspen’s bulletin said it has created “a new underwriting team headed by liability specialist John...
R&SA in Talks to Sell U.K. Life Operations
Jun 21 2004 // Royal & Sun Alliance Insurance Group has issued a brief announcement confirming that it “is in discussions regarding the disposal of its UK Life insurance operations.” Widespread news reports began...
Arch’s U.K. Subsidiary Establishes New Construction and Engineering Division
May 26 2004 // Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (U.S.), announced that it has expanded into construction and engineering insurance with the appointment of Anthony Reilly as Construction All Risks/Erection All...
U.K. Survey Finds Compensation Culture Concerns
May 19 2004 // A recent survey commissioned by Norwich Union, a division of the Aviva group, and the U.K.’s largest b general insurer, has concluded that the “compensation culture,” i.e. the unbridled tendency to file a...
R&SA Restructuring Reduces Revenues, But Strengthens Overall Financial Condition
May 13 2004 // The U.K.’s Royal & Sun Alliance announced first quarter figures that broadly reflect its ongoing restructuring efforts. Under the direction of Andy Haste, who took charge of Britain’s second largest...
Chubb Publishes Report on “Stalking” in the U.K.
May 10 2004 // Chubb Corp. has compiled the first comprehensive report in the U.K. on the modern phenomenon known as “stalking.” The study found that the intrusive behavior is by no means limited to celebrities; more typical...
S&P Affirms Groupama (U.K.) ‘A’ Rating
Apr 30 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” insurer financial strength rating on U.K. non-life insurer Groupama Insurance Co. Ltd. and removed the company from...
