UK News

ABI Calls for Lawsuit, Health and Safety Regs Reform to Help UK Business

The Association of British Insurers (ABI) has issued a call “for action to free businesses from the fear of the UK’s compensation culture and overzealous interpretations of health and safety rules that could hold back Britain’s economic recovery.” Insurers and …

Aon Shareholders Approve Domicile Move to London

Aon Corp. announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to the U.K. at a special …

HDI-Gerling UK Appoint Blanco as International Liability Underwriter

Industrial Insurance Company HDI-Gerling, which is based in the UK, has appointed James Blanco to the position of Senior Liability Underwriter in London. He joins HDI-Gerling from the HCC Syndicate at Lloyds where he was International Casualty Underwriter. Blanco has …

ABI Warns UK Homeowners of Subsidence Risks from Drought

The Association of British Insurers (ABI) is urging homeowners not to worry unnecessarily, but to be aware of the ongoing drought conditions currently afflicting the UK. The extremely dry weather, with little or no rainfall across many parts of the …

Best Affirms RSA Canada, Subs and Holding Company Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Royal & Sun Alliance Insurance Company of Canada (RSA Canada) and Western Assurance Company, both domiciled in Toronto, as …

UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance

In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so than in the UK’s insurance sector. The Rt. Hon. David Willetts, the UK’s Universities and Science Minister, demonstrated just …

UK Broker BMS Launches New Global Construction Initiative

Independent global broker BMS Group announced that it has launched a new global construction initiative, to be headed by Gavin Madell, who has over twenty years’ experience in the field. BMS said the new team “will provide an enhanced service …

Markel International Acquires UK Managing Agent Quay Underwriting

Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a managing agent based in Dorset. Markel said QU “provides a wide range of insurance products for fine art and collectables, …

ABI Head Warns EU Solvency Rules Must Not Deter Growth, Investment

Otto Thoresen, Director General of the Association of British Insurers, has called for European Union policy makers to ensure that draft EU Solvency II rules do not prohibit insurers from driving growth in the UK and making long term investments …

Former BUPA Head Gooding Joins XL Board

XL Group plc announced that Valerie F. Gooding has been appointed to the Company’s Board of Directors, effective at the April board meeting. Gooding served as the CEO of British United Provident Association (BUPA), an independent health insurer and service …