Latest Uk Headlines

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

UK’s Serious Fraud Office to Probe AIG Financial Products Unit

Feb 12 2009 // Britain’s Serious Fraud Office (SFO) has launched a preliminary inquiry into suspected irregularities at a British subsidiary of American International Group Inc., the SFO said on Thursday.The SFO said its probe into...

UK launches 2nd Bank Rescue Plan, RBS Losses Near $30 Billion

Jan 20 2009 // The UK launched a second bank rescue plan on Monday. One of the recipients, Royal Bank of Scotland, said it lost over £20 billion ($29.3 billion) last year and Japan said bad loans worldwide had further to climb. The...

Ratings Recap: HDI (Italy), Provident, Polish Re, Arab Insurance Group

Dec 8 2008 // Standard & Poor’s Ratings Services has placed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer HDI Assicurazioni SpA (HDI/Italia or HDI/I) on...

Irish Pork Recalled in Dioxin Scare

Dec 8 2008 // Britain and Ireland warned consumers Sunday not to eat any Irish pork products after tests revealed they may be contaminated with toxic dioxins.The Irish government has ordered a recall of all domestic pork products from...

AIR Worldwide Releases UK Inland Flood Model

Nov 25 2008 // AIR Worldwide Corporation has released the AIR Inland Flood Model for Great Britain. “The new probabilistic model will help companies better manage on-and-off flood plain risk for properties in England, Wales, and...

Political Risk Rises But Risk Experts, Insurers Face Crunch Too

Nov 11 2008 // Fear of conflict, instability, crime and increasing state intervention arising from the financial crisis might sound like good news for political risk consultancies that have sprung up in recent years — but in...

Young Brit IPODs are Broke Says a CII Report

Nov 2 2008 // They aren’t the Apple kind of iPod’s; they’re 18 to 34 year old Brits, who are “Insecure, Pressurized, Over-taxed and Debt-ridden” — i.e. “IPODs,’ according to a report from...

Chartered Insurance Institute Report: a ‘Broke Britain’ for Young Adults

Oct 21 2008 // According to a recent report from the UK’s Chartered Insurance Institute (CII), “a heavily-regulated and outdated financial establishment has left young adults most at risk in any recession. The CII study,...

Reputational Risk: Is It Time for Bankers to Risk an Apology?

Oct 20 2008 // No-one expects a fallen Master of the Universe to say sorry. But academics say an apology — for all the litigation risk it entails — can be the basis of revitalised confidence and trust.With global markets...

New York, United Kingdom Regulators Sign Cooperation Arrangement

Oct 15 2008 // New York State Insurance Superintendent Eric Dinallo and Hector Sants, chief executive officer of the United Kingdom Financial Services Authority – the United Kingdom’s insurance regulator – have signed a...

Europe Strives to Combat Financial Crisis in Unison

Oct 7 2008 // European governments struggled on Monday to shelter banks and bank depositors from a global financial crisis that is eroding confidence, endangering the economy and challenging their ability to respond as one.Germany...

A.M. Best: Economic Climate May Trigger a Turn in U.K. Cycle

Sep 30 2008 // Underwriting margins in the United Kingdom remain under pressure in 2008, despite positive rate movement in some sectors, according to a report by A.M. Best, which also suggested that the economic downturn could ultimately...

S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’

Sep 8 2008 // Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from...

Lloyd’s in the 21st Century

Sep 1 2008 // Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to how such...

RMS unveils New UK Inland Flood Model, EU Earthquake Model

Aug 8 2008 // UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of...

Royal Bank of Scotland’s Insurance Unit May Tempt European Buyers

Apr 23 2008 // Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the...

S&P Report on U.K. Insurance Market – Stable Despite Cycle, Economic Risks

Apr 10 2008 // Standard & Poor’s Ratings Services’ latest review of the U.K. insurance market – “Insurance Industry Risk Analysis: U.K. Economic Risk Increases But Unlikely To Put Pressure On Non-Life...

U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator

Mar 28 2008 // Sen. Charles Schumer, D-N.Y., on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos.In an opinion...

Sarkozy, Brown Pledge New Era of Cooperation

Mar 26 2008 // French President Nicolas Sarkozy and British Prime Minister Gordon Brown vowed to boost cooperation on the economy and immigration on Wednesday as Sarkozy began a visit aimed at improving awkward ties.Sarkozy, speaking of...

Climate Change Under World Spotlight

Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....