All the headlines from our Uk Topic Page, ordered by recency.
Mar 24 2015 // Last year 81 percent of large UK businesses and 60 percent of small companies suffered a cyber security breach. In response to this increasing threat, a report published by the UK government and Marsh, one of the...
Mar 20 2015 // The Bank of England said on Friday that it would apply new European Union insurance regulations “proportionately,” following industry fears that the central bank might seek to add extra rules for companies...
Mar 13 2015 // Munich Re has published a report, which notes that “over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billion range.”In addition the...
Feb 26 2015 // Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter’s annual Global Catastrophe Review.The report says that significant insured losses in 2014 totaled approximately USD33...
Feb 24 2015 // Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business.From August 2005 to June 2013, Aviva...
Feb 17 2015 // At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.Some insurers are using developments...
Jan 9 2015 // The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now.The prospect of cyber-attacks on the nation’s power network is major threat to the country’s...
Jan 9 2015 // During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate.In the two years since, the chief executive officer...
Dec 16 2014 // XL Group has launched Key Artworks insurance coverage in the U.K. to cover cancelled or abandoned fine art exhibitions and their financial losses in cases where a star attraction art piece is damaged, stolen or otherwise...
Dec 2 2014 // Aviva plc, Britain’s second-largest insurer by market value, agreed to buy Friends Life Group Ltd. for about 5.6 billion pounds ($8.8 billion) in stock in the U.K. insurance industry’s biggest takeover in 15...
Nov 26 2014 // One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces...
Nov 24 2014 // The bill, to be published on Nov. 26 and fast-tracked through Parliament so it becomes law before the general election in May, will also restrict the movement of people wanting to travel abroad to fight for extremist...
Oct 23 2014 // As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses...
Oct 14 2014 // Profit margins in the U.K. non-life insurance sector are under pressure this year as companies fight to maintain pricing discipline in an extremely competitive market, according to a new A.M. Best special report. Premium...
Oct 8 2014 // Dow Jones & Co. on Tuesday won a $5 million judgment against the London-based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other...
Oct 7 2014 // Scientists have used Ebola disease spread patterns and airline traffic data to predict a 75 percent chance the virus could be imported to France by October 24, and a 50 percent chance it could hit Britain by that...
Oct 7 2014 // Britain has given its banks three months to show how they plan to protect their retail customers from riskier parts of their operations.The Bank of England is forcing lenders to set up a boundary around their high street...
Sep 24 2014 // U.K. regulators banned car insurers from making agreements with price comparison websites, saying it limits competition and increases premiums.The agreements stop insurers from making their products available more cheaply...
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
Sep 12 2014 // As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario.Six days before a referendum that could see Scotland ending its 307-year political bond with the United...