UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation June 16, 2022 By Huw Jones Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules...
UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses June 13, 2022 By Kirstin Ridley and Carolyn Cohn Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over...
Insurers Must Be Better Prepared for Impact of Climate Change: BoE June 8, 2022 By Carolyn Cohn and Huw Jones Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
Rise of Remote Work to Define Future of City of London May 18, 2022 By Tom Metcalf More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the...
UK’s Terrorism Reinsurer Pool Re to Reduce Reinsurance Pricing for Insurers May 10, 2022 Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction,...
Britain Aims to Bolster Competitiveness in Financial Services With Nimbler Regulation May 10, 2022 By Huw Jones Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial...
Pay for UK Financial Services Workers Surges at Double National Rate May 4, 2022 By Reed Landberg Pay for financial services workers in the UK has surged at double the pace for the rest of the economy...
Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers April 28, 2022 By Huw Jones Britain launched public consultation on Thursday for a post-Brexit relaxation of capital rules for insurers, in a step the government...
UK Car Insurance Premiums Reached 18-Month High in 1st Quarter: Survey April 21, 2022 The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will...