Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Nov 12 2019 // Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding...
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License
Nov 12 2019 // Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing network of insurer...
Aviva U.K. Unit Dismisses Fears that ESG Investing Hampers Financial Returns
Nov 7 2019 // A major U.K. institutional investor has dismissed a commonly-held fear of ESG investing — that it hampers financial returns. Aviva UK Life, part of Aviva Plc, sees environmental, social and governance considerations...
U.K. Marine Services Firm James Fisher Reports Cyber Attack
Nov 5 2019 // Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected...
New EU Brexit HQs Opened by U.K. Financial Firms Face Watchdog Checks in 2020
Nov 5 2019 // New European Union hubs opened by British-based financial firms to avoid Brexit disruption will be scrutinized next year by the bloc’s markets watchdog to check whether they are gaming licensing requirements. This...
U.K. Bans Fracking on Concerns About Earthquake Risk
Nov 4 2019 // The U.K. fracking industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic...
U.K. Company Insolvencies Rise to Highest Level Since 2014 on Brexit Crisis
Oct 31 2019 // The number of companies in England and Wales unable to pay their debts rose to an almost six-year high in the third quarter as the Brexit crisis intensified. There were 4,355 company insolvencies, 0.4% more than in the...
Facebook to Pay $644,000 Fine in U.K. over Cambridge Analytica Scandal
Oct 30 2019 // Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on...
Broker Aon to Move Jurisdiction of Incorporation to Ireland Due to Brexit
Oct 29 2019 // Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its operational...
U.K. Aims to Ensure Post-Brexit Strength of Financial Services Sector: Minister
Oct 28 2019 // Britain will do whatever it can to ensure that its financial sector remains a major global player after Brexit, financial services minister John Glen said on Monday. “This government absolutely believes in the...
EU Agrees to Delay Brexit Until Jan. 31, as U.K. Parliament’s Impasse Continues
Oct 28 2019 // The European Union agreed a three-month flexible delay on Monday to Britain’s exit from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed...
London Financial Firms at Risk of Being Cut Off from EU After Brexit: Official
Oct 24 2019 // Intense dialog between British and European Union financial regulators must start now or London risks being cut off from the bloc after Brexit, a top banking lobbyist said on Wednesday. Banks, insurers and asset managers...
EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse
Oct 23 2019 // EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible...
U.K. Repelled 658 Cyber Attacks This Year, Many From Hostile Foreign States
Oct 23 2019 // The National Cyber Security Centre defended the U.K. from 658 cyber attacks in the year to October — many from hostile foreign states — with government departments most at risk from attack, according to its...
Now Boarding for Brexit: What Businesses Need to Do
Oct 22 2019 // Whether you are a U.S. firm or a firm from some other country and want to do business in the United Kingdom, the Brexit referendum may have changed your mind. In this article, we discuss some of the issues currently faced...
BHSI Enters Australia Surety Market, Hiring Griffiths from Liberty Specialty to Lead Team
Oct 21 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is entering the surety market in Australia and has named Jonathan Griffiths as head of Surety, Australia. BHSI will focus on providing contract surety solutions...
How Is Crash Risk Related to Roadway Design? It Depends.
Oct 21 2019 // How dangerous is travel in the United States? It depends on how the question is framed. If it’s risk per kilometer (about 6/10ths of a mile), the U.S. has 6.71 deaths per billion vehicle kilometers of travel compared...
Brexit Creates Opportunities for Specialist Legacy Acquisition Insurers
Oct 18 2019 // Britain’s impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy and manage policies closed to new customers. Whether Britain leaves the European Union...
U.K. and EU Clinch 11th Hour Brexit Deal but Johnson Faces Parliament Hurdle
Oct 17 2019 // Britain secured a Brexit deal with the European Union on Thursday, more than three years after Britons voted to leave the bloc, but Prime Minister Boris Johnson must still win a knife-edge vote in parliament to get the...
EU-Based Britons Fuel Growth in Healthcare Insurance as Post-Brexit Fears Grow
Oct 17 2019 // Some Britons living in the Europe Union are worried about losing access to free healthcare after Brexit, opening up a potentially lucrative new market for European health insurers. “I am indebted to France for my...
