Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Web Insurer In Financial Crunch
Nov 28 2000 // RapidInsure, the British Online insurance website, announced that it has stopped accepting new business for the time being as it searches for additional financing in order to continue its operations. Founded in February by...
Premium Income Rises at Allianz – Eyes U.K. Acquisition
Nov 27 2000 // German insurance giant Allianz AG announced that premium income for the first 9 months of the year reached a record €50.9 billion ($42.675 billion) a 15.5 percent rise over 1999. Property and casualty operations...
U.K. Police To Check Insurance On-line
Nov 16 2000 // British police will soon be able to use a new program to run roadside checks on drivers to see if they carry insurance coverage. A new computer database, sponsored by U.K. insurers and established by the government, will...
RMS Estimates U.K. Flood Losses at £500 Million
Nov 10 2000 // Insurance companies and risk experts may not agree on the exact amount of the insured losses caused by the recent and ongoing floods and storms in Britain, but they all agree that the damages will be substantial. (See...
RSA, Wellington Estimate U.K. Storm Losses
Nov 10 2000 // Royal & Sun Alliance (RSA) estimates that it could face claims of £100 million ($145 million) or more from the current storms sweeping the U.K. Lloyd’s insurer Wellington said the events over the last three...
St. Paul Seeks Changes in U.K. Rail Policies To Allow Subrogation
Nov 8 2000 // St. Paul International Insurance, a unit of the St. Paul Cos., Inc., which is one of the primary insurance carriers for the U.K. ‘s privatized railroad companies, is seeking a change in policy rules to permit...
S&P Affirms Lloyd’s A+ Rating Following Court Ruling
Nov 6 2000 // Standard & Poor’s has affirmed its single A+ insurer financial strength rating on U.K.-based Lloyd’s Insurance Market, reflecting a judgement made by the U.K. High Court in favor of Lloyd’s. The...
U.K. Storm Loss Estimates Between $300 and $660 Million – AIR Sees More Ahead
Oct 31 2000 // According to a BBC report, U.K. insurers’ preliminary estimates of the claims they may face from three days of high winds and rain, which have caused extensive damage in southern England, is put at around £200...
CGNU Posts 21 Percent Increase in U.K. Life Sales
Oct 19 2000 // CGNU surprised analysts on Wednesday when it reported a 21 percent increase in its U.K. life sales totaling £5.5 billion ($8 billion) over the past 9 months, despite a general slowdown in long-term investments in the U.K....
S&P Lowers Cornhill Ratings to “AA-“
Oct 17 2000 // Standard & Poor’s rating service announced that it had “lowered its long-term counterparty credit and financial strength ratings on U.K. insurer Cornhill Insurance PLC (Cornhill) to double...
U.K. Health Dept. OK’s Insurers’ Use of Genetic Testing
Oct 16 2000 // The Department of Health’s Genetics and Insurance Committee (GAIC) has granted U.K. insurers permission to consider the results of genetic testing for Huntington’s Disease (also known as Huntington’s...
And The Winner Is… U.K. Acquisitions
Oct 3 2000 // After months of speculation Scottish Life announced that it has agreed to be acquired by fellow U.K. mutual insurer Royal London for £1.1 billion ($1.62 billion). The announcement ends speculation that other companies,...
Lincoln Transfers U.K. Sales Force As Deal Fails
Sep 29 2000 // Lincoln National Corp. announced that it was transferring its U.K. sales force of approximately 1000 to the Inter-Alliance Group Plc, an independent financial advisory group, after the failure to conclude a sale of its...
AXA To Distribute Surplus Funds in U.K.
Sep 27 2000 // French insurer AXA’s U.K. subsidiary Sun Life & Provincial announced plans to distribute up to £1.7 billion ($2.47 billion) in unclaimed funds to shareholders and policyholders. The amount has been accruing...
3 Insurers Reported Seeking U.K. ‘s Liverpool Victoria
Sep 20 2000 // In what’s shaping up as a battle of big fish, bigger fish, the Times reported that three companies were interested in acquiring U.K. Mutual life and pension insurer Liverpool Victoria, at the same time that it is...
Success For St. Paul With U.K. Lawyers
Sep 11 2000 // The St. Paul Companies have had considerable success with their professional liability policy for English and Welsh lawyers. Since receiving the designation “qualifying insurer” last January from the Law...
U.K. AUTO RATES ON THE RISE
Sep 4 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned Mintel, a marketing research firm. The average premium in 1999 was £226 ($336). It’s expected...
Big Increases Expected in U.K. Auto Rates
Aug 24 2000 // Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months warns Mintel, a marketing research firm. The average premium in 1999 was £226 ($336); it’s expected to...
U.K. Online Bank To Offer Auto Coverage
Aug 16 2000 // Drivers in the British isles will soon be offered another option for their automobile coverage following the announcement by Egg, the U.K.’s biggest online bank, that it will begin offering automobile policies...
Britain Goes Electronic with Signatures
Jul 26 2000 // Following on the heels of the United States, Britain legalized electronic signatures Tuesday, giving them the same status as hand-written signatures in an effort to boost the country’s e-commerce. A second law will...
