All the headlines from our Uk Topic Page, ordered by recency.
Apr 14 2016 // New York-based private equity firm Aquiline Capital Partners LLC on Monday entered into a definitive agreement to acquire Simply Business, an online brokerage service, which delivers tailored small business insurance...
Apr 12 2016 // AXA SA, France’s largest insurer, is in talks to sell most of its U.K. life-insurance and wealth-investments units, according to two people with knowledge of the matter. AXA is likely to sell parts of the businesses,...
Apr 12 2016 // In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called...
Apr 11 2016 // Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., agreed to sell two-thirds of its U.K. annuity portfolio to Rothesay Life Ltd., helping to boost capital buffers under new regulations.Aegon will initially...
Apr 11 2016 // Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing Andrew Bailey.Woods — who will continue as the central bank’s executive director of...
Apr 8 2016 // Ironshore’s Pembroke Managing Agency Ltd. has enhanced its directors & officers liability product for financial institutions to reflect U.K. regulation.The new regulation, known as the “Senior Managers...
Apr 7 2016 // American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to lower-cost locations, according...
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4).Designed to help provide access to affordable flood insurance cover for households at the...
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
Apr 1 2016 // The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk...
Mar 29 2016 // Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union.Since the government announced a...
Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately.As previously announced, Matthew Shaw will serve as...
Mar 21 2016 // Leaving the European Union might cost the U.K. 100 billion pounds ($145 billion) in lost economic output and 950,000 jobs by 2020, the Confederation of British Industry said as it stepped up its campaign against a...
Mar 16 2016 // Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the...
Mar 15 2016 // The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems.The revelation was made in a response by the U.K. central bank to a Freedom of...
Mar 14 2016 // Chancellor of the Exchequer George Osborne will give the green light for driverless cars to be tested on U.K. motorways, helping to make the technology available to consumers by the end of the decade.The government also...
Mar 11 2016 // Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns.The insurer will spin off its controlling stake in...
Mar 10 2016 // Britain is considering whether civilian drones will have to be fitted with technology intended to prevent collisions with airplanes after a series of near-misses around airports.“The U.K. government and the Civil...
Mar 8 2016 // Bank of England Governor Mark Carney said on Tuesday a vote by Britain to leave the European Union could hit the country’s $2.9 trillion economy and prompt some banks to move away from London’s global financial...