Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Political Risk Rises But Risk Experts, Insurers Face Crunch Too
Nov 11 2008 // Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in...
Young Brit IPODs are Broke Says a CII Report
Nov 2 2008 // ING picks up a $13 billion cash injection; Climate change for fund managers They aren’t the Apple kind of iPod’s; they’re 18 to 34 year old Brits, who are “Insecure, Pressurized, Over-taxed and...
Chartered Insurance Institute Report: a ‘Broke Britain’ for Young Adults
Oct 21 2008 // According to a recent report from the UK’s Chartered Insurance Institute (CII), “a heavily-regulated and outdated financial establishment has left young adults most at risk in any recession. The CII study,...
Reputational Risk: Is It Time for Bankers to Risk an Apology?
Oct 20 2008 // No-one expects a fallen Master of the Universe to say sorry. But academics say an apology — for all the litigation risk it entails — can be the basis of revitalised confidence and trust. With global markets...
New York, United Kingdom Regulators Sign Cooperation Arrangement
Oct 15 2008 // New York State Insurance Superintendent Eric Dinallo and Hector Sants, chief executive officer of the United Kingdom Financial Services Authority – the United Kingdom’s insurance regulator – have signed a...
Europe Strives to Combat Financial Crisis in Unison
Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one. Germany...
A.M. Best: Economic Climate May Trigger a Turn in U.K. Cycle
Sep 30 2008 // Underwriting margins in the United Kingdom remain under pressure in 2008, despite positive rate movement in some sectors, according to a report by A.M. Best, which also suggested that the economic downturn could ultimately...
S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...
Lloyd’s in the 21st Century
Sep 1 2008 // The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of...
RMS unveils New UK Inland Flood Model, EU Earthquake Model
Aug 8 2008 // UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of...
Royal Bank of Scotland’s Insurance Unit May Tempt European Buyers
Apr 23 2008 // Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the...
S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks
Apr 10 2008 // Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life...
U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator
Mar 28 2008 // Sen. Charles Schumer, D-N.Y., on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos. In an opinion...
Sarkozy, Brown Pledge New Era of Cooperation
Mar 26 2008 // French President Nicolas Sarkozy and British Prime Minister Gordon Brown vowed to boost cooperation on the economy and immigration on Wednesday as Sarkozy began a visit aimed at improving awkward ties. Sarkozy, speaking of...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
Greenhouse Funds Gloom Hangs over G20 Climate Talks
Mar 14 2008 // Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on...
Calif. Pet Insurer Notes UK Growth
Mar 11 2008 // Santa Ana, Calif.- based ensurApet, Inc. has issued a bulletin, which notes that “health insurance for pets in the United Kingdom is growing at a record rate.” CEO, Russell Smith stated: “According to...
British Bankers Plead Guilty to Wire Fraud in Enron Case
Nov 30 2007 // Three British bankers who were set to go to trial in Houston, Texas, for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow changed their pleas to guilty. David Bermingham, Giles...
Ratings Report: Catlin
Nov 28 2007 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of Catlin Underwriting (CU) (formerly Wellington Underwriting Plc prior to its acquisition by Catlin Group Limited). Best also affirmed the...
S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers
Nov 16 2007 // Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle...
