No-Deal Brexit Could Push UK Economy into Recession, Says Fiscal Watchdog July 18, 2019 By Andrew Atkinson A no-deal Brexit could plunge the British economy into recession, hammer the pound and drive up government borrowing, according to...
Keep It Simple, Grow Trust for Future Success, Say UK Insurance Executives July 16, 2019 By L.S. Howard The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology...
JBA Risk Management and FloodFlash Launch Parametric Flood Policy in UK June 28, 2019 JBA Risk Management and FloodFlash have formed a partnership to provide event-based flood insurance, which uses parametric triggers for property...
Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO June 27, 2019 By John Revill UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on...
BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement June 26, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business June 25, 2019 By L.S. Howard Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward,...
Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief June 14, 2019 By Alex Morales and Joe Mayes Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s...
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July June 14, 2019 By Ross Larsen and Will Hadfield Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the...
UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul June 6, 2019 By Will Hadfield Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut...
Two New London Market Model Cyber Exclusion Clauses Published by IUA June 6, 2019 Two new London Market model clauses to help underwriters manage cyber losses have been published by the International Underwriting Association...