Latest Uk Headlines

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

AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs

Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock.“If a...

Brexit Would Threaten UK’s Access to EU via Single Passport: Officials

Jun 15 2016 // Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.”The City of...

AXA’s CEO de Castries Predicts ‘Extremely High’ Probability of ‘Brexit’

Jun 14 2016 // There is an “extremely high” probability that the U.K. will vote to leave the European Union and investors will face “a true landscape of uncertainties,” AXA SA Chief Executive Officer Henri de...

Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey

Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...

Bigger Is Better for Lloyd’s Syndicates with Active Cycle Mgmt: S&P

Jun 10 2016 // Benign catastrophe losses, combined with lower and less frequent casualty lines claims, helped Lloyd’s syndicates deliver another strong set of results in 2015, reporting an average combined ratio of 90 percent,...

UK’s Allianz Insurance Offers Free Cyber Risk Assessment Tool for SMEs

Jun 9 2016 // Allianz Insurance plc, the U.K. subsidiary of Allianz SE, has partnered with global cyber security consultancy, IT Governance Ltd., to offer commercial customers a free online cyber risk assessment.The Allianz Cyber Risk...

People Are Key to a CFO’s Success: QBE’s Group CFO Regan

Jun 6 2016 // When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds.“You’re only as successful as the...

Future of London Market Threatened by ‘Brexit’, Warn Market Leaders

Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of Fidelis.In...

Britain Would Face Trade Barriers if It Votes for Brexit: EU Financial Services Head

May 24 2016 // Britain would face trade barriers if it left the European Union and its single market, the EU’s financial services commissioner Jonathan Hill said on Monday.Hill, a Briton appointed to the European Commission by UK...

Aegon, Transamerica Owner, Sells $4.4B UK Annuity Portfolio to Legal & General

May 23 2016 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., divested the final 3 billion pounds ($4.4 billion) of annuities from its U.K. portfolio to Legal & General Group Plc.The transaction, which covers 27,000...

China Seeks Help from UK on Its Plans to Create Financial Super-Regulator

May 16 2016 // China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year’s stock market crash, sources with knowledge of the talks told...

Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P

May 13 2016 // Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings.Geographic and...

Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader

May 13 2016 // Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America.In addition, Richard Britain has...

Aon Signs $1.3B Pension ‘De-Risking’ Deal with UK’s Pension Insurance Corp.

May 12 2016 // Pension Insurance Corp. agreed to insure 900 million pounds ($1.3 billion) of Aon Plc’s Retirement Plan in the U.K. as the world’s second-largest insurance broker seeks to reduce risk.The agreement with Aon...

Aegon to Acquire BlackRock’s U.K. Defined-Contribution Pension Business

May 3 2016 // Aegon NV agreed to buy BlackRock Inc.’s U.K. defined-contribution pension business to bolster its position in the country’s workplace-savings market. The deal will transfer 12 billion pounds ($17.6 billion) of...

S&P Expects UK to Vote to Stay in EU by Small Majority; Warns About Brexit

May 2 2016 // Ratings agency Standard & Poor’s said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the...

Factbox: An Overview of Effects of ‘Brexit’ on UK Financial Services

Apr 25 2016 // Britain, Europe’s biggest financial center, votes on June 23 on whether to leave the European Union.The country’s banking and fund management industries are among those that could lose most from a so-called...

Obama Makes Impassioned Appeal for Britain to Stay in European Union

Apr 22 2016 // U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward...

‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney

Apr 20 2016 // The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney.The governor of the Bank of England — the de facto custodian...

Most U.K. Public Companies Haven’t Formed ‘Brexit’ Contingency Plans: Survey

Apr 15 2016 // More than three-quarters of U.K. public companies surveyed by an auditors’ group haven’t discussed contingency planning for the nation’s potential exit from the European Union with the chairman or the...