When the co-founder of a London communications group was invited to pitch for business with a Wall Street firm last November, the offer came with an unusual demand. The document explained that 15 percent of the scorecard for the pitch …
Business leaders have criticized Britain’s government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit. Senior financiers say they were told after the summer that the government would issue a position …
Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU who say the threat has been …
Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of evidence was setting back investigations. The value of finance and …
Qatar Reinsurance Co. Ltd. announced it has received authorization from the UK Prudential Regulation Authority to underwrite business from its branch office in London. Michael van der Straaten will lead the branch, in addition to his current role as the …
Prime Minister Theresa May has appointed a former management consultant John Glen as the new City minister to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Glen, whose formal title is economic secretary …
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd. Financial details of the …
As part of its ongoing restructuring and simplification program, Zurich Insurance announced an agreement to sell its UK student insurer Endsleigh to insurance broker A-Plan Holdings. The financial terms of the deal, which is subject to regulatory approval, were not …
Allianz Group announced it has acquired a 49 percent stake in Liverpool Victoria Friendly Society’s UK general insurance businesses, the first stage in the creation of the companies’ joint venture and strategic partnership. The venture creates a general insurance business …
Britain kept the top spot in global financial services exports last year, but Brexit threatens to raise barriers to its biggest market in Europe, TheCityUK said on Friday. The body, which promotes Britain as a financial center, said banks, insurers, …
