Latest Uk Headlines

All the headlines from our Uk Topic Page, ordered by recency.

More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY

May 9 2017 // More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY.That’s a 50 percent...

Luxembourg ‘Not Offering’ Special Deals to Lure Financial Firms After Brexit

May 5 2017 // Luxembourg is in talks with a wide range of financial firms looking to relocate out of London as Britain leaves the European Union, but it will not offer sweeteners to undercut rival centers, Finance Minister Pierre...

Willis Towers Watson Names Bernstein as Head of Broking, Great Britain

May 4 2017 // Clyde Bernstein has been appointed as the head of Broking – Great Britain (GB), for Willis Towers Watson’s Corporate Risk and Broking division.He reports jointly to Philip Smaje, global head of Broking, and...

QBE to Move European HQ from London to Continent After Brexit

May 3 2017 // QBE Insurance Group will move its European base from London to the continent because of uncertainty in accessing the European market after Brexit, the chairman of Australia’s largest international insurer said on...

London Market Group Re-Appoints Aubert as Chairman

Apr 28 2017 // The London Market Group (LMG) announced the re-appointment of Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chair.The last 12 months has seen progress across all LMG’s workstreams, including...

FM Global Chooses Luxembourg as Post-Brexit EU HQ

Apr 26 2017 // U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters.The mutual insurer, which earned $5.5...

Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team

Apr 25 2017 // Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group.Jeremy Wall has been...

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets.Insurers say...

U.K. Has 1st Day Without Burning Coal for Power Since 1880s

Apr 24 2017 // The U.K. had its first full day without burning coal to make electricity since the Industrial Revolution more than a century ago, according to grid operator National Grid Plc.“Friday 21st April 2017 was the first...

UK Prime Minister May Seeks Early Election to End Brexit Divisions

Apr 18 2017 // U.K. Prime Minister Theresa May said she will seek an early election on June 8, in an unexpected gamble aimed at strengthening her hand going into talks on leaving the European Union.The surprise statement came less than a...

UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com

Apr 11 2017 // U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period...

EU to Pay €60M to Britain for Repair of 2015-16 Flood Damage – Despite Brexit

Apr 5 2017 // Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday.Britain had asked for EU support to rebuild infrastructure damaged...

Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter

Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting.Lloyd’s India...

RMC Group Names Mitchell as President of U.K. Operation

Apr 5 2017 // RMC Group, a Naples, Fla.-based consortium of leading insurance and actuarial consulting firms, announced that Ryan S. Mitchell has been named president of its U.K.-based operation.Working out of RMC’s London office,...

City of London Will Survive Brexit – Even if Many Jobs Move to Continent: Official

Apr 3 2017 // The City of London should emerge largely unscathed from Brexit even though thousands of banking and insurance jobs could move to the continent, the financial district’s policy chief said.The “City” or...

Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding

Mar 31 2017 // Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things...

Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s

Mar 30 2017 // Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub.While Lloyd’s choice on...

Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit

Mar 30 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union.The Brussels’...

UK at Risk of Exiting EU on ‘WTO Terms,’ Thereby Opening Legal Minefield

Mar 29 2017 // Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications.In a nutshell,...

Update: UK Begins 2 Years of Complex Talks to Exit European Union

Mar 29 2017 // Prime Minister Theresa May set the U.K. on course for leaving the European Union in two years’ time, a divorce that will redefine the country’s relationship with its largest trading partner and end decades of...