Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns
Oct 16 2019 // Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is feeling the pinch from the...
Post-Brexit Trade Deal for Financial Services Less Vital as UK Firms Set Up EU Hubs
Oct 16 2019 // The growing tally of UK-based banks, insurers and asset managers opening hubs in the European Union means that a post-Brexit trade deal in financial services may be of limited importance to either side, the New Financial...
More Research Needed Into How Crash Risk Is Related to Roadway Design
Oct 15 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...
Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
Oct 15 2019 // Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
Oct 15 2019 // From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with...
No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers
Oct 11 2019 // If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing...
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
Oct 10 2019 // Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018, according to a report published by the International Underwriting Association (IUA) Gross...
Shell Units Sued in U.K. over Massive Nigerian Oil Spill in 2011
Oct 9 2019 // Two Royal Dutch Shell Plc units were sued over their involvement in one of the largest oil spills in Nigeria’s history. Shell Nigeria Exploration & Production Co. and Shell International Trading & Shipping...
Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors
Oct 9 2019 // Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz...
Brexit Talks Stall as EU Leaders Cast Doubt on Reaching Deal by Oct. 31
Oct 7 2019 // Prospects of a Brexit deal faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement in time for Oct. 31. French President Emmanuel Macron and Irish Prime Minister Leo...
U.K. Personal Lines Insurers May Face Curbs on Price Hikes Slapped on Renewal Policies
Oct 7 2019 // U.K. home and car insurers could be stopped from jacking up prices when customers’ policies come up for renewal as the country’s financial-markets watchdog clamps down on an industry that’s not giving a...
PM Johnson, EU Have One Week to Agree on New Brexit Plan, or Another Delay Looms
Oct 4 2019 // Prime Minister Boris Johnson and the European Union have given themselves a week to agree on a Brexit plan. Otherwise, the U.K. will be heading for either a no-deal exit or another humiliating postponement of its departure...
Everest Insurance (Ireland) DAC Announces Its UK Branch Is Operational
Oct 4 2019 // Everest Insurance (Ireland) DAC (EIID) announced its U.K. branch is now fully operational. The branch has capabilities to write contingency, credit and political risk, financial and professional lines, general liability,...
Generali Weighs at Least $3.3B in Mid-Sized Insurance, Asset Management M&A
Oct 3 2019 // Assicurazioni Generali SpA, Italy’s biggest insurer, may invest at least 3 billion euros ($3.3 billion) to grow through mid-size acquisitions in insurance and asset management, according to Chief Executive Officer...
UK PM’s Ultimatum to EU: Negotiate Brexit on His Terms, or Face No-Deal Divorce
Oct 2 2019 // Boris Johnson is poised to issue an ultimatum to the European Union on Wednesday: negotiate Brexit on his terms within the next nine days, or face a no-deal divorce. A key EU player has already rejected the prime...
U.K. Embraces E-cigarettes, as U.S. Scrambles to Crack Down on Vaping
Sep 30 2019 // While the U.S. scrambles to crack down on vaping, Britain has embraced electronic cigarettes as a powerful tool to help smokers kick the habit. The Royal College of Physicians explicitly tells doctors to promote...
Here’s How EU Officials Rate Chances of Brexit Deal – as Deadline Looms
Sep 30 2019 // It’s endgame time (again) on Brexit. A month before the U.K.’s scheduled departure, it seems to be anyone’s guess whether Prime Minister Boris Johnson will get a revised divorce deal with the European...
Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31
Sep 27 2019 // The European Union is rapidly losing faith that U.K. Prime Minister Boris Johnson can deliver a divorce deal by the Oct. 31 deadline, as Brexit talks stumble. EU officials view Johnson’s inflammatory rhetoric against...
U.K. PM Johnson Vows to Exit EU (With or Without a Deal) After Historic Court Defeat
Sep 24 2019 // A defiant Boris Johnson hit back at the U.K.’s top judges and vowed to take the country out of the European Union next month, despite suffering an unprecedented legal defeat over his Brexit strategy in the highest...
