Latest Uk Headlines

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

RSA Hires Ex-RBS Boss Hester as CEO after Irish Losses

Feb 5 2014 // RSA Insurance Group Plc has hired former Royal Bank of Scotland Group Plc CEO Stephen Hester to lead the U.K. insurer as it seeks to put a scandal at its Irish unit behind it.Hester, 53, succeeds Simon Lee, who quit the...

Car Use No Longer Growing in Developed World, But Why?

Jan 20 2014 // Car use appears to have leveled off and even started falling in many of the world’s advanced economies long before the global downturn in 2008, according to transport experts.The slowdown brings to an end several...

China, India, Brazil Join U.S. As Among Biggest Contributors to Global Warming

Jan 17 2014 // China, India and Brazil — three of the largest developing nations— joined the U.S. in a list of the biggest historical contributors to global warming, according to a study by researchers in Canada.Seven nations between...

U.K. Christmas Exodus Hampered as Storms Lash Railways, Airports

Dec 24 2013 // Storms that lashed southern England yesterday have closed dozens of railway lines, halted ferry sailings and left airports struggling to restore services as millions of Britons attempt to travel before Christmas.Ten U.K....

U.K. Insurers to Invest $41 Billion in Infrastructure

Dec 4 2013 // The U.K.’s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications.The government...

Business Moves

Nov 4 2013 // Aspen ReBermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Ltd., has formed Rock Re, a new dedicated brokered property facultative unit within its U.S. operation. Rock Re will build on...

UPDATE: AIR Worldwide Reports on European Windstorm Christian

Oct 30 2013 // Catastrophe modeling firm AIR Worldwide continued its analysis of Windstorm “Christian,” which smashed into southern Britain Monday, October 28, knocking over trees, flooding lowlands, and disrupting land, sea,...

UK Market Offers Hints on How Insurers May Treat E-Cigarettes

Oct 29 2013 // For several years now now, a lot of people involved with insurance—me included —have been puzzling out the ways that new tobacco products like e-cigarettes and snus might impact life and health insurance markets. To...

Europe Battered by Winter Storm Christian: AIR Worldwide Analysis

Oct 29 2013 // Catastrophe modeling firm AIR Worldwide reported that “winter storm ‘Christian’ (known as ‘St. Jude in the United Kingdom) battered the western shores of southern Great Britain early on Monday,...

Storm Kills Five in UK, Netherlands; Causes Power Cuts, Travel Chaos

Oct 28 2013 // Hurricane strength winds battered Britain and the Netherlands on Monday, killing five people, cutting power and forcing the cancellation of hundreds of flights and train journeys before the storm barreled further into...

U.K. Braces for Hurricane-Force Winds in Worst Storm Since 1990

Oct 25 2013 // Southern England is girding for 90 mile-per-hour winds as the biggest storm since 1990 is forecast to fell trees and damage buildings.Rain and high winds are predicted to lash the area on the evening of Oct. 27 through to...

U.K. Regulator Scrutinizes Impact of Capital Influx on Insurers

Oct 3 2013 // British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry.“The availability of this additional capital inevitably affects the...

Best’s UK Non-Life Report Highlights ‘Challenging Market Conditions’

Sep 24 2013 // According to a new report from A.M. Best Co., the U.K. non-life insurance sector “faces mounting pressures, ranging from regulatory changes and competitive market conditions to an uncertain economic environment and...

UK Regulator Investigates 2 Life Insurers over Banned Sales Commissions

Sep 19 2013 // Britain’s financial regulator is investigating whether two life insurance companies breached new rules that ban the offering of commissions to financial advisers for selling their products.The Financial Conduct...

U.K. Crime Agency Won’t Name Insurers Using Illegal Sources

Sep 11 2013 // The U.K.’s Serious Organised Crime Agency refused to reveal the names of law firms and insurance companies that may have hired convicted private investigators who illegally gained information.SOCA declined to publish...

U.K. Probing 2 Banks Over Payment Protection Insurance Claims

Sep 10 2013 // The U.K.’s markets regulator is investigating allegations that banks are dismissing claims for payment protection insurance compensation.The Financial Conduct Authority has at least two separate probes in progress,...

AJ Gallagher to Acquire UK’s Giles Group of Companies

Sep 4 2013 // Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Giles Group of Companies, headquartered in London, England. The transaction is subject to regulatory approval and is expected to close...

Lawsuit Against Sotheby’s Claims $218 Painting Is Actually a $16M Caravaggio

Aug 29 2013 // A painting bought by a British naval doctor for 140 pounds ($218) in 1962 may now be worth as much as 10 million pounds if his descendant can prove it’s a Caravaggio.The authenticity of “The Cardsharps”...

U.K. Banks to Pay $2 Billion for Card-Insurance Compensation

Aug 22 2013 // Britain’s biggest banks will pay as much as £1.3 billion ($2 billion) to compensate customers wrongly sold insurance to cover credit-card and identity theft.A group of 13 banks and credit-card issuers, including...

Ratings Recap: Electrical Contractors, Al-Sagr, Alliance (UAE)

Aug 16 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance...