Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S. March 9, 2023 By Huw Jones Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global...
Markets/Coverages: Verlingue Launches Dedicated Media Practice in UK March 7, 2023 Verlingue Ltd., the UK chartered insurance broker, has established a dedicated media practice under plans to expand its presence in...
BOE’s Bailey Says UK’s Reforms of Insurance Capital Rules Increase Failure Risk by 20% March 7, 2023 By Tom Metcalf The governor of the Bank of England has told lawmakers that the UK government’s plans to reform insurance capital rules...
Post-Brexit Insurance Reform Expected Before December: BoE’s Woods February 21, 2023 By Huw Jones The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a...
UK Government Seeks to Speed Up Post-Brexit Insurance Reforms February 10, 2023 By Katherine Griffiths The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121...
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid February 1, 2023 By Irina Anghel Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into...
British Motor Insurer Direct Line’s CEO James Steps Down January 27, 2023 Direct Line Insurance Group’s chief executive of nearly four years, Penny James, will step down with immediate effect after the...
UK Parliament Seeks Power to Scrutinize Financial Services Regulators January 25, 2023 By Katherine Griffiths Britain’s financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from...
UK Insurers Fear That Promised Brexit Capital Reforms Will Be Derailed January 23, 2023 By Katherine Griffiths Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations...
UK Financial Services Firms Fear Rise in Loan Defaults: CBI/PwC Survey January 12, 2023 By Tom Metcalf An increasing number of the UK’s financial services firms expect a rise in loan defaults in the next three months,...