UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey April 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their...
Impact of Brexit on City of London Is Worse than Expected: Study April 16, 2021 By Huw Jones LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in...
UK Space Industry Aims to Remove Dangerous Space Junk from Orbit April 16, 2021 By Thomas Pfeiffer and Thomas Seal A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that...
Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks April 15, 2021 Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks...
Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes April 12, 2021 Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market April 9, 2021 AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as...
London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising April 1, 2021 Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier March 30, 2021 By Rachel Armstrong and Huw Jones LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank...
Hiscox Promotes Patel to Head of Direct Commercial in UK March 12, 2021 Specialist insurer Hiscox announced the appointment of Isha Patel to head of Direct Commercial within Hiscox UK. Patel joined Hiscox...
UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built March 5, 2021 By Huw Jones Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month,...