Latest Uk Headlines

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

Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources

Mar 28 2017 // Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources...

London Keeps Mantle as #1 Finance Center Despite Brexit Uncertainties: Survey

Mar 27 2017 // London has retained the mantle as the world’s top financial center, though uncertainty about the implications of Britain’s vote to leave the European Union saw its lead over Asian rivals narrow, according to a...

UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports

Mar 24 2017 // One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers.May had delivered her vision two days earlier for pulling...

Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs

Mar 15 2017 // Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit.Last week, U.S. insurer AIG...

UK Prime Minister Gets Go-Ahead to Launch Divorce Talks with EU

Mar 14 2017 // Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe.May, who was appointed prime minister shortly...

Luxembourg Successfully Woos UK Finance Firms Seeking Post-Brexit HQs

Mar 10 2017 // Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.’s exit from the European Union, as insurers, asset managers and financial-technology companies are...

London Insurance Market Provides Brexit Negotiations’ Wish-List

Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...

UK Government Plans to Trigger Brexit Negotiations in Late March: Sources

Mar 9 2017 // Prime Minister Theresa May’s team increasingly expect the U.K. to trigger the start of Brexit talks in late March, according to two British officials and a European Union diplomat.While the end of next week remains...

AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit

Mar 8 2017 // American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom...

UK Prime Minister May Steps Up Battle Against Brexit Rebels

Mar 8 2017 // U.K. Prime Minister Theresa May is fighting back against Brexit rebels in her ruling Conservative Party as she steps up her battle to start the formal process of pulling Britain out of the European Union.The premier fired...

Brexit Without Trade Deal Could Have Dire Economic Consequences: CBI

Mar 7 2017 // If the UK leaves the European Union without being able to complete a Brexit trade deal, it could be forced into World Trade Organization tariffs – an option that is under serious consideration by the UK...

UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies

Mar 3 2017 // Auto insurance may be on the brink of an incursion from mobile-phone and technology companies.Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its...

EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit

Mar 3 2017 // The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial...

UK Insurers’ Reserve Strengthening Likely After Personal Injury Discount Rate Change: A.M. Best

Mar 1 2017 // The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government’s announcement of a dramatic cut to the discount rate used to calculate lump-sum personal injury compensation,...

Self-Driving Nissan Car Begins Tests on Streets of London

Feb 27 2017 // Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous...

UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit

Feb 24 2017 // U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry...

EU Solvency II Rules Need ‘Tweaks,’ Not Overhaul: Bank of England

Feb 23 2017 // EU capital rules for insurers need some tweaks but are not a deterrent to investment in infrastructure as some insurers’ claim, the Bank of England said on Wednesday.Officials from Aviva and Legal & General, two...

Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team

Feb 17 2017 // Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of...

UK Plans to Trigger Brexit Negotiations in Early March: Government Sources

Feb 16 2017 // Prime Minister Theresa May intends to trigger Britain’s withdrawal from the European Union as close as possible to the EU summit taking place on March 9 and March 10, according to two government officials involved in...

Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit

Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...