While UK-based small and medium sized enterprises (SMEs) want to access opportunities in emerging and growth economies, they remain dependent on the European Union, which suggests that SMEs could be disproportionately affected if Britain votes to leave the EU in …
Willis Towers Watson, the global advisory, broking and solutions company, announced a group of senior leadership appointments within its Great Britain business. Ailsa King will lead the Client Organisation in Great Britain, which will embrace sales, account management, regional development, …
London-based RSA has appointed Doug Stewart to the new role of chief risk officer for the UK and western Europe. Stewart will be responsible for the governance of significant risks to the UK and Western European businesses, including strategic, insurance, …
Bank of England Deputy Governor Andrew Bailey will become the new chief executive officer of the U.K. Financial Conduct Authority, as the Chancellor George Osborne turned to a familiar face following a six-month search for the country’s top markets regulator. …
The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015 is £717 million ($1 billion), while windstorm losses from the event are estimated at £42 million ($59.3 million), according to …
Amlin plc, the London-based specialist insurer, announced the successful completion on Jan. 4 of the cross-border merger of two of its insurance company subsidiaries, Amlin Europe N.V. and Amlin Insurance (UK). The combined post-merger insurance company is called Amlin Insurance …
U.K. Financial Conduct Authority’s acting top executive withdrew from the race to take the role permanently after manning the post following the government’s ouster of the last head. Chief Executive Officer Tracey McDermott interviewed for the position last year. U.K. …
Ryan Direct Group (RDG), the insurance services business and part of Chicago-based Ryan Specialty Group (RSG), has entered into agreement to acquire Northern Ireland-based MGA Midas Underwriting, subject to regulatory approval. The financial considerations were not disclosed. Derek Coles, RDG …
Confidence among U.K. services firms slid to a three-year low last month as the risk of Britain exiting the European Union weighed on executives’ minds. The drop in sentiment was reported by Markit Economics in its monthly sector survey. The …
JPMorgan Chase & Co. warned financial-services firms from banks to insurers could pull jobs out of the U.K. in the event of Britain voting to leave the European Union. Financial services would feel the “negative impact of Brexit“ most, which …
