Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a so-called Brexit. A vote …
Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country’s $2.9 trillion economy and prompt some banks to move away from London’s global financial powerhouse. In his strongest …
Pool Re announced it has renewed the reinsurance cover purchased in 2015, for a further three years. The renewed cover, which now includes an additional layer, provides £1.95 billion ($2.8 billion) of commercial reinsurance compared with £1.8 billion ($2.6 billion) …
The motor insurance industry faces a significant shake-up from two waves of technological innovation – the growth of telematics and the development of driverless cars, according to Fitch. Over the short term, telematics will have a bigger impact on the …
More than 200 small-business leaders signed an open letter calling for British withdrawal from the European Union, highlighting a division with large companies over membership of the bloc. The letter, published in the Daily Telegraph newspaper Thursday, said voters in …
PERILS AG disclosed its second, revised loss estimate for the floods which hit the UK from Dec. 4 to 24 following Storm Desmond. The latest estimate of the property insurance market loss is £662 million (933.2 million), compared to the …
Marsh announced with immediate effect the appointment of Gary Reeve as head of First Party Claims for its UK Specialties division. Reeve will report to Ian Martin, head of Claims for UK & Ireland. Reeve will act as a senior …
British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United …
Cities don’t stay on top forever. Just look at Venice in the 15th century, Philadelphia in the 18th or even Vienna in the 19th. It’s a lesson some Londoners worry is being forgotten when it comes to the U.K.’s membership …
A UK exit from the European Union will create a “rarely experienced” level of uncertainty for Lloyd’s, the London market as well as the UK and other European economies, according to Sean McGovern, Lloyd’s chief risk officer and general counsel. …
