Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’
Oct 5 2016 // Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single...
Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles
Oct 3 2016 // Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry,...
Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group
Sep 28 2016 // Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’...
UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote
Sep 27 2016 // Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial services firms by...
More than 3/4s of UK CEOs Mull Moving Headquarters as Result of Brexit: KPMG
Sep 26 2016 // The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of...
Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights
Sep 23 2016 // Gibraltar, a rocky British enclave on Spain’s southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
Global Risk Partners Acquires U.K.-based SLK General Insurance Services
Sep 21 2016 // Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in...
Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland
Sep 16 2016 // Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland...
Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says
Sep 15 2016 // The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
Sep 7 2016 // Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans to support the economy and sound out their views for a post-Brexit Britain. Hammond will...
UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin
Aug 30 2016 // Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial...
London Financial Groups Losing Faith in Quick Fix to Get EU Access After Brexit
Aug 26 2016 // Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels...
U.K. Lawmakers Call for Ban on Plastic Microbeads, Citing Dangers to Food Chain
Aug 24 2016 // U.K. lawmakers called for a ban on plastic microbeads used in products such as shaving gel, exfoliating scrubs and toothpaste, saying they are harming marine life and entering the food chain. In a report published...
Venture Capital, Traditional Insurer Interest in Insurtech Remains High
Aug 24 2016 // Even though venture capital investments in venture capital-backed financial technology (fintech) companies fell more than 50 percent globally during the second quarter of 2016, interest in insurance technology startups...
Formal Brexit Talks Likely to Be Triggered in April 2017: UK Officials
Aug 19 2016 // Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to two...
China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK
Aug 18 2016 // Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European...
UK Insurers Aviva and RSA Report Higher H1 Profits, Shrug Off Brexit Fallout
Aug 4 2016 // Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the...
