White Mountains’ NSM Insurance to Buy UK’s Kingsbridge Group March 23, 2020 NSM Insurance Group (NSM), a Pennsylvania-headquartered managing general underwriting agency and program administrator for specialty insurance programs, has entered into...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans March 19, 2020 By L.S. Howard The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in...
Nexus’ Broking Division Xenia Buys Howden’s UK Trade Credit Business March 9, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has entered into an agreement...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch February 21, 2020 Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase...
Most UK Insurers, Banks Unprepared for Risks of Climate Change January 31, 2020 By Alastair Marsh The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats:...
UK Markets Watchdog Cracks Down on Conduct of Financial Advisers January 22, 2020 By Huw Jones Britain’s markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report January 16, 2020 Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation,...
British Regulator Warns Insurance Industry to Stamp Out Bad Behavior – or Else January 8, 2020 Britain’s markets watchdog has told the bosses of commercial insurance companies to stamp out bad behavior in the industry and...
Allianz Buys U.K.’s LV General Insurance Group and Legal & General’s Non-Life Unit January 2, 2020 Allianz Holdings plc, the U.K. subsidiary of Allianz SE, has completed its planned acquisition of the remaining 51% of LV...