Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Luxembourg Successfully Woos UK Finance Firms Seeking Post-Brexit HQs
Mar 10 2017 // Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.’s exit from the European Union, as insurers, asset managers and financial-technology companies are...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
UK Government Plans to Trigger Brexit Negotiations in Late March: Sources
Mar 9 2017 // Prime Minister Theresa May’s team increasingly expect the U.K. to trigger the start of Brexit talks in late March, according to two British officials and a European Union diplomat. While the end of next week remains...
AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit
Mar 8 2017 // American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom...
UK Prime Minister May Steps Up Battle Against Brexit Rebels
Mar 8 2017 // U.K. Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union. The premier fired...
Brexit Without Trade Deal Could Have Dire Economic Consequences: CBI
Mar 7 2017 // If the UK leaves the European Union without being able to complete a Brexit trade deal, it could be forced into World Trade Organization tariffs – an option that is under serious consideration by the UK...
UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies
Mar 3 2017 // Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its...
EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit
Mar 3 2017 // The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial...
UK Insurers’ Reserve Strengthening Likely After Personal Injury Discount Rate Change: A.M. Best
Mar 1 2017 // The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government’s announcement of a dramatic cut to the discount rate used to calculate lump-sum personal injury compensation,...
Self-Driving Nissan Car Begins Tests on Streets of London
Feb 27 2017 // Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous...
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
Feb 24 2017 // U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry...
EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England
Feb 23 2017 // EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday. Officials from Aviva and Legal & General, two...
Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team
Feb 17 2017 // Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of...
UK Plans to Trigger Brexit Negotiations in Early March: Government Sources
Feb 16 2017 // Prime Minister Theresa May intends to trigger Britain’s withdrawal from the European Union as close as possible to the EU summit taking place on March 9 and March 10, according to two government officials involved in...
Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit
Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...
U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries
Feb 14 2017 // British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, U.K. tech entrepreneurs are now girding for...
Undoing U.S. Financial Regulations Could Bar U.S. Firms from EU
Feb 10 2017 // Some U.S. financial institutions could be locked out of the European market if Donald Trump’s administration repeals global rules imposed in the wake of the financial crisis, a top EU official said on Friday. Valdis...
UK Moves Closer to Triggering EU Exit Talks – with Bumpy Road Ahead
Feb 9 2017 // Theresa May’s latest Brexit victory should leave her happy — but might ultimately come at a price. Late on Wednesday, the U.K. prime minister persuaded the House of Commons to back her original 137-word draft...
Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders
Feb 8 2017 // British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s...
58% of UK Business Leaders Say Brexit Vote Has Taken a Toll: Survey
Feb 7 2017 // More than half of British business leaders believe the vote to leave the European Union has had a negative impact on their companies but most firms are confident they can survive the change, according to a survey on...
