Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch
Oct 11 2018 // The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017,...
Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials
Oct 11 2018 // Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said...
In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims
Oct 10 2018 // Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before the end of 2020 via a Part VII transfer. (Part VII transfers, in part,...
UK Expects 5,000 Financial Services Jobs to Move to Europe by Brexit Day
Oct 10 2018 // Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center. John...
Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England
Oct 9 2018 // The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies. The EU has made...
Brexit Countdown: UK-EU Divorce Talks Reach Stalemate
Oct 9 2018 // Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London...
Brexit-Related Uncertainty Begins to Hit UK Businesses: Surveys
Oct 8 2018 // Britain’s businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday. The British Chambers of Commerce...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit
Oct 5 2018 // After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown. Daniele Nouy, the European Central Bank’s...
Russia’s Military Has Led Campaign of Cyber Attacks Across Globe, Says UK
Oct 4 2018 // Russia’s military intelligence service has led a campaign of “indiscriminate and reckless cyber attacks targeting political institutions, businesses, media and sport,” the U.K.’s National Cyber...
UK Financial Services Regulations Unlikely to Be Relaxed After Brexit: KPMG
Oct 3 2018 // KPMG expects Britain to ignore calls to loosen banking rules after Brexit and said in a report on Wednesday it may even become tougher with measures to protect consumers and defend its financial stability from cyber...
Brexit Price Tag for UK Government Is £500 Million per Week: Study
Sep 30 2018 // Britain’s decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out for the moment any future savings from stopping payments to the bloc, according to a study...
Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer
Sep 28 2018 // Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent,...
Most UK Firms Unprepared for EU Exit; Hard Brexit Could Bring Investment Cuts: Survey
Sep 28 2018 // Most British firms are unprepared for Brexit, but a fifth plan to move all or some of their business to the European Union in the event the U.K. fails to reach a deal with the bloc, according to one of the biggest surveys...
UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a...
As Brexit Day Nears, 630 UK Financial Services Jobs Have Shifted to EU, Reuters Finds
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European...
UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit
Sep 25 2018 // The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman...
Brexit Divorce Stalemate: EU Leaders Reject UK Blueprint as Deadline Looms
Sep 21 2018 // Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in...
UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
Sep 20 2018 // Britain’s finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from...
Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
Sep 19 2018 // A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market...
UK Cryptocurrency Market Similar to ‘Wild West’ and Should Be Regulated: Lawmakers
Sep 19 2018 // Britain’s cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking...
