Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Aon U.K. Commits to Full Electronic Trading in Specialty, Reinsurance
Jun 23 2006 // In a breakthrough move, Aon U.K., announced that it “will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.” Aon’s London-based operation...
ACE Enhances U.K. Environmental Coverage Package
Jun 23 2006 // ACE European Group announced that it is offering an extensive and affordable environmental liability cover specifically for smaller and mid-sized private and corporate businesses, as part of its existing liability and...
Best Assigns Ratings to Novae Insurance Co./Novae Group
Jun 22 2006 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Novae Insurance Company Limited (NICL), a newly formed insurer based in...
ABI Criticizes U.K. Government Proposals on Mesothelioma Payments
Jun 21 2006 // The Association of British Insurers has criticized government proposals concerning payments to claimants who suffer from mesothelioma, a lung disease caused by the inhalation of asbestos fibers. The legislation is part of...
Odyssey Re Forms U.K. Company
Jun 20 2006 // Odyssey Re Holdings Corp. has formed Newline Insurance Company Limited (NICL), described as “a casualty-focused insurance company based in London, England.” Odyssey Re said it had received “all necessary...
XL Introduces New U.K. D&O Product
Jun 14 2006 // XL Insurance Ltd., a subsidiary of Bermuda’s XL Capital Ltd., announced that its UK-based professional lines business has added a new product specifically tailored to the directors and officers insurance market in...
Mlynarczyk Named to Conn. Workers Comp Commission Post
Jun 7 2006 // Governor M. Jodi Rell has named New Britain attorney Peter C. Mlynarczyk to the Connecticut Workers’ Compensation Commission. Mlynarczyk currently serves as corporation counsel for the City of New Britain, overseeing...
ACE European Launches New U.K. Corporate Travel Coverage
May 11 2006 // ACE European Group announced the launch of businessclass premier, described as “a new package of bespoke accident, health and travel insurance, services and risk consultancy, specifically for large corporate...
ABI Calls for “Radical Action” to Reduce U.K. Fraud
Apr 26 2006 // In its submission to the U.K. Government Fraud Review the Association of British Insurers notes that fraud is a “fast growing crime, having doubled in the in the last five years. Fraud costs around £16 billion...
R&M Reports on U.K. Commercial
Apr 19 2006 // Dublin-based Research and Markets announced the addition of UK Commercial Liability Insurance 2006 to their offering. The research firm said the new report presents “an overview of three key UK liability markets:...
Hagerty Collector Car Network Launches New U.K. Affiliate
Apr 5 2006 // The Hagerty Collector Network announced the continued expansion of its collector car specialty program with the launch of its new U.K. insurance affiliate, Hagerty International Ltd. The new Company will provide...
Middleton Appointed to Head Aon Consulting (U.K.); Dail Named Global Chief Administrator
Mar 28 2006 // Aon Consulting, the human capital and management consulting arm of Aon Corp., announced from its Chicago headquarters that Robert Middleton has been appointed chief executive of Aon Consulting in the U.K., taking over from...
Best Affirms Steamship Mutual Underwriting (U.K.) ‘A-‘ Ratings
Mar 24 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to the U.K.-based Steamship Mutual Underwriting...
FSA Cites U.K. Market Progress; Won’t Propose Regulations
Mar 21 2006 // The U.K.’s Financial Services Authority (FSA) announced that it has “put on hold its work to develop rules to bring about contract certainty in the insurance market.” The U.K.’s insurance community...
ABI Says U.K. Fires Cost Industry Nearly $3.5 Million a Day
Mar 9 2006 // The Association of British Insurers has calculated that fires are “burning into the profits of British businesses at a record rate.” According to its most recent figures the cost of business fires in 2005 for...
R&M Reports on U.K. Brokers
Mar 2 2006 // Dublin-based consultants Research and Markets announced that it has added a new title to its offering, “The Future of Brokers in UK Personal Lines Insurance.” “This report examines the future prospects...
U.K. Auto Market Going to the Internet
Mar 1 2006 // A new study from the Dublin-based consultants Research and Markets notes that the U.K.’s automobile (motor) owners are increasingly using the Internet when it comes to insuring their cars. “Buying insurance...
Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says
Feb 21 2006 // Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002,...
S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation
Feb 13 2006 // Standard & Poor’s Ratings Services announced that it has affirmed its long-term “A+” counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer QBE Insurance Co. (U.K.)...
Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
Feb 1 2006 // In two separate announcements A.M. Best Co. said it has assigned a Best’s Syndicate Rating of “A” (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 2147 and...
