Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
People and Places
Apr 5 2004 // Dan Pettigrew Caliber Collision Centers, which operates collision repair facilities in California and Texas, named Dan Pettigrew as executive vice president of Operations. In this position, Pettigrew assumes responsibility...
U.K. Budget Boosts Lloyd’s Names
Mar 18 2004 // Chancellor Gordon Brown’s 2004 U.K. budget proposals will help schools with extra cash and retired persons with tax breaks, but not civil servants, as the budget plans on cutting some 40,000 jobs. While the U.K. will...
Philip Lader to Join Council of Lloyd’s
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from...
CII Reports on U.K. Flood Risks
Mar 2 2004 // A new report released by the U.K.’s Chartered Insurance Institute indicates that losses from flood risks are increasing in the country in terms of hazard, exposure and vulnerability. “Flooding risks present a...
Gallagher & Co. Increases Stake in RMP to 100%
Feb 27 2004 // Arthur J. Gallagher & Co. (NYSE: AJG) today announced that its subsidiary, Arthur J. Gallagher (UK) Limited acquired the remaining 50% of its United Kingdom joint venture, Risk Management Partners Ltd, from Am Re...
S&P Revises Outlook of AXA U.K. Subs; Affirms ‘A+’ Ratings
Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...
Aviva to Close U.K. Brokerage Operation
Feb 6 2004 // The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The closure will eliminate around 1,600 jobs, as Aviva shutters the broker’s 240...
British MEP Wants EU Court to Examine Lloyd’s case
Feb 2 2004 // Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K....
Best Assigns Ratings to Aviva and Subsidiaries
Dec 19 2003 // A.M. Best Co. announced that it has assigned an “a-” Issuer Credit Rating to Aviva Plc. It has also given an ‘A’ (Excellent) financial strength rating to CGU International Insurance Plc. and Norwich...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Report R&SA Poised to Sell U.K. Life Business
Dec 15 2003 // Royal & Sun Alliance is reportedly very near to making a deal to sell its U.K. life insurance business, which is valued at around £600 million ($1.03 billion). According to an article in the Sunday Times, as...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Lloyd’s Adopts U.K. GAAP in Move to Annual Accounting
Nov 20 2003 // In a further move to bring its accounting procedures up to date, Lloyd’s announced it would adopt UK Generally Accepted Accounting Principles (GAAP) beginning January 1, 2005. It also plans to eventually adopt...
Chubb Exec Asserts Wealthy U.K. Clients Suffer from ‘Insurance Apathy Disease’
Nov 20 2003 // According to John Sims, who heads Chubb’s European Personal Lines unit, large swathes of the British public are falling victim to what he calls “insurance apathy disease.” Speaking at the Private Wealth...
HCC to Invest in London-Based Illium
Nov 6 2003 // Houston’s HCC Insurance Holdings Inc. announced it has agreed to invest in U.K.-based holding company Illium Insurance Group Ltd., owner of a new Lloyd’s managing agency and syndicate specializing in U.K. third...
U.K. Gov’t. Launches Review of FSA Law, ABI Approves
Nov 5 2003 // The U.K.’s Treasury Department will begin an investigation of the Financial Services and Markets Act, which created the Financial Services Authority as the sole regulatory and enforcement agency for financial...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Regulation, Capital, Industry Image Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
U.S. Risk Purchases Stake in London Broker
Sep 30 2003 // Dallas-based U.S. Risk Insurance Group Inc. (U.S. Risk) announced it has entered into a financial transaction with London-based Insurance Broker, NCG Professional Risks Ltd. (NCG). The transaction involves U.S. Risk...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Sep 22 2003 // The 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute wound up proceedings in London last Friday on an upbeat note. President Andy Homer told delegates that the industry...
