United Kingdom News

ABI Surveys ICAS Implementation

The Association of British Insurers has released the results of a survey on how its members are reacting to the implementation of Individual Capital Adequacy Standards (ICAS), which were introduced by the U.K.’s Financial Services Authority (FSA) on January 1, …

Warning: Employers Face Liability for Workers’ High-Tech Addiction

Taking your Blackberry on vacation with you? Or to the kids’ soccer game? How about the business cell phone? Technology keeps workers connected 24/7. If that sounds like an employer’s dream come true, think again: according to a Rutgers University …

ABI Advises Air Travelers on Lost Luggage, Packing, Flight Delays

The Association of British Insures has issued some timely advice to air travelers, following the latest disruption in air travel due to terrorist threats. The unmasking of a plot to blow up airliners flying from the U.K. to the U.S. …

Nurses and Firemen Top UK’s ‘Sexual Fantasies’ List

Why BUDGET, a leading U.K. based insurance intermediary that specializes in low cost coverage of vans (small trucks), motorcycles and other consumer lines, would fund a study on the sexual fantasies of British men and women is anyone’s guess. But …

N.Y. AIG Sponsors ‘Goals for Kids’ Program

American International Group, Inc. (AIG), the principal sponsor of Manchester United Football Club, today announced the launch of the “AIG Goals for Kids” program. For each goal that Manchester United scores during any FA Premier League, UEFA Champions League, FA …

New Lloyd’s Syndicate to Provide Amateur Sports Coverage

The old saying about necessity being “the mother of invention” also seems to hold true for the insurance industry. With the number of sports related injuries on the increase in the U.K. – there are an estimated 20 million sporting …

U.K. Climate Study Warns of Increased Disaster Risk for Next 200 Years

In one of the most somber assessments yet of the consequences of global warming, scientists at the U.K.’s University of Bristol (http://www.bris.ac.uk.) warned: “As temperatures rise with global warming, an increased risk of forest fires, droughts and flooding is predicted …

Aon Outsources London Market Processing Operations to Xchanging

In a major step towards bringing electronic processing to the London market, Aon Limited (also known as Aon U.K.), the British division of Aon Corp., and Xchanging, the London-based business processing services company, have entered into a partnership arrangement with …

R&SA 1H Net up 22% to $451 Million

The U.K.-based Royal & SunAlliance posted a strong first half with net after tax profits up 22 percent to £238 million ($451 million), compared to £195 million ($370 million) in the same period of 2005. Other highlights in the report …

Airlines Tighten Security, Cancel Flights Following Terror Plot

Passengers in the United States coped with heightened security at airports Thursday after authorities in London uncovered a terror plot aimed at airlines traveling from Britain to the U.S. American Airlines canceled six Thursday flights between the United States and …