Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Ironshore’s Pembroke Agency Expands UK Financial Institutions’ D&O Cover
Apr 8 2016 // Ironshore’s Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation. The new regulation, known as the “Senior Managers...
AIG Weighs Cutting Nearly 125 U.K. Jobs, in Plan to Reduce Costs: Sources
Apr 7 2016 // American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Ontario Teachers’ Pension Plan (Lead ANV Investor) Assesses ‘Brexit’ Effect
Apr 1 2016 // The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk...
British SME Owners Develop Contingency Plans for Potential ‘Brexit’
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a...
London-Based Chubb Global Markets Announces Lineup of Management Team
Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as...
‘Brexit’ Could Cost U.K. $145B in Economic Output & 950,000 Jobs by 2020: Study
Mar 21 2016 // Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a...
Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses
Mar 16 2016 // Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats
Mar 15 2016 // The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of...
U.K. Gives Go-Ahead for Driverless Cars to Be Tested on Motorways
Mar 14 2016 // Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K. motorways, helping to make the technology available to consumers by the end of the decade. The government also...
Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns
Mar 11 2016 // Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns. The insurer will spin off its controlling stake in...
U.K. Eyes Requiring Drones to Fit Anti-Collision Technology for Aviation Safety
Mar 10 2016 // Britain is considering whether civilian drones will have to be fitted with technology intended to prevent collisions with airplanes after a series of near-misses around airports. “The U.K. government and the Civil...
Bank of England Governor Warns of Brexit Risks, Angering ‘Out’ Campaigners
Mar 8 2016 // Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country’s $2.9 trillion economy and prompt some banks to move away from London’s global financial...
200 Small Business Leaders Sign Open Letter Supporting ‘Brexit’
Mar 4 2016 // More than 200 small-business leaders signed an open letter calling for British withdrawal from the European Union, highlighting a division with large companies over membership of the bloc. The letter, published in the...
Europe’s Insurers Turn to Risky Property Investments, in Hunt for Better Returns
Mar 3 2016 // Traditionally conservative European insurers and pension funds are turning increasingly to risky property bets on everything from new homes in provincial Britain to car parks at Brussels airport, as they feel the pinch...
‘Brexit’ Could Hurt Investments, Cause Regulatory Uncertainty: UK’s Direct Line
Mar 1 2016 // A British exit from the European Union could hurt UK insurer Direct Line’s investment portfolio and cause regulatory uncertainty, it said on Tuesday after posting a 3 percent rise in 2015 operating profit. Britain...
G20 Puts ‘Brexit’ on List of Top Global Risks After Push by UK Government
Feb 29 2016 // British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining...
As UK Debate over Brexit Heats Up, Some Suggest Looking at Lessons of History
Feb 26 2016 // Cities don’t stay on top forever. Just look at Venice in the 15th century, Philadelphia in the 18th or even Vienna in the 19th. It’s a lesson some Londoners worry is being forgotten when it comes to the...
