Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Approves Benfield Greig, E.W. Blanch Deal
May 17 2001 // The U.K.’s Personal Investment Authority has approved the acquisition by London’s Benfield Greig Group of Dallas-based reinsurance broker E.W. Blanch. The action clears the way for the merger of the two leading...
Prudential (U.K.), Other Europeans Seeking U.S. Acquisitions
May 16 2001 // Enriched by the $600 million it received as a break up fee from AIG-American General, Britain’s Prudential plc is still looking for opportunities to expand in the U.S. market, but it’s not alone. According to...
U.K. Government, Insurers To Assume Asbestos Liability
May 11 2001 // The British Government and the country’s insurance industry have agreed to set up a fund to pay the asbestos related claims of Scottish shipyard workers, whose claims payments were threatened when Chester Street...
U.K. Genetic Test Ban Controversy Continues
May 3 2001 // The British government’s Human Genetics Commission called for a three-year ban on the use by insurers of genetic test results in screening applicants for insurance. The proposed period is a year longer than a...
Lloyd’s Admits Non-U.K. Based Brokers For the First Time
Apr 30 2001 // Of the six new brokers admitted to Lloyd’s select fraternity five are based outside of the U.K., marking the first time that the venerable institution has given foreign brokers direct access to the Lloyd’s...
Anxiety Over Foot-and-Mouth Creates Upswing in Coverage Inquiries
Apr 23 2001 // Parts of Europe continue to be ravaged by two devastating livestock diseases: foot-and-mouth disease (FMD), or hoof-and-mouth; and bovine spongiform encephalopathy (BSE), also known as “mad cow” disease. In the...
Anxiety Over Foot-and-Mouth Creates Upswing in Coverage Inquiries
Apr 20 2001 // Parts of Europe continue to be ravaged by two devastating livestock diseases: foot-and-mouth disease (FMD), or hoof-and-mouth; and bovine spongiform encephalopathy (BSE), also known as “mad cow” disease. In the...
Zurich Plans U.K. Job Cuts in Restructuring
Apr 19 2001 // Following a larger than expected 5.5 percent drop in profits, Anglo-Swiss insurer Zurich Financial Services announced plans to reduce its operations in the U.K. with the elimination of 550 jobs. Most employees, however,...
Guarding Garden Gnomes – U.K. Notes Rise in Outdoor Theft
Apr 18 2001 // According to an article in Britain’s Independent on Sunday there are over 20 million gardeners in the U.K. and they spent £3.35 ($4.86 billion) last year on fertilizers, plants, decorative items and other products...
U.K. Parliament Seeks Ban on Genetic Testing
Apr 4 2001 // The dispute between Britain’s insurance industry and the government over the right to conduct and use genetic tests in assessing insurability and premium levels took a new turn on Wednesday when Parliament’s...
Britain’s Prudential To Buy Am Gen In Biggest Insurance Deal Ever
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
Prudential (U.K.) To Buy American General For $26.5 Billion
Mar 12 2001 // In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth...
Legal and General Posts 15 Percent Profit Rise
Feb 28 2001 // Legal & General, the U.K.’s 3rd largest life and pensions group, posted a 15 percent increase in pretax operating profits to £479 million ($692 million) for the year 2000, substantially above...
Insurers Face Minimal Impact from U.K. Foot-and- Mouth Outbreak
Feb 28 2001 // Farmers in Britain and continental Europe are facing extremely serious consequences following the outbreak of the highly contagious foot-and-mouth disease in the U.K. Herds of cattle, sheep and pigs have been slaughtered...
U.K. Insurers’ Results To Reflect Rate Upturn, Storm Losses
Feb 26 2001 // Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal...
Independent Insurance Co. Rating Placed Under Review by A.M. Best
Feb 15 2001 // A.M. Best Co. has placed the A (Excellent) rating of Independent Insurance Co. Ltd. under review with developing implications. The rating action reflects the release of a trading statement on Feb. 8 in which the company...
RSA Doubles Storm Loss Estimates
Jan 19 2001 // Britain’s Royal & Sun Alliance announced that loss estimates for the fourth quarter of 2000 are between £180 million ($267.5 million) and £200 million ($297 million) almost doubling the previous...
S&P Affirms Barclays, Legal and General Ratings Following Alliance
Jan 17 2001 // Standard & Poor’s international rating service quickly reaffirmed Barclays Bank’s “AA/Stable/A-I+” rating and life and pension insurer L&G’s ratings, “in the...
ING May Sell U.K. Stockbroker
Jan 8 2001 // According to London’s Financial Times, Dutch financial services and insurance giant ING is reportedly ready to sell its U.K. based stockbrokerage unit, Williams de Broe, to Belgium’s Artesia Banking Corp. for...
U.K. Claims Code In Force, As Weather Hits New Year Celebrations
Jan 2 2001 // Rain snow and arctic weather hit the British Isles over the New Year’s weekend, causing some damage, snarling transport, and leading to the cancellation of many planned celebrations. U.K. insurers anticipate a number...
