Latest Uk Headlines

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

FSA Head Warns U.K. Brokers on Commission Disclosure

Oct 4 2006 // John Tiner, the head of the U.K.’s Financial Services Authority, warned U.K. brokers that, unless the market comes up with a solution on the issue of disclosing brokers’ commissions, the FSA would be...

Britain’s Royal & Sun Alliance Sells U.S. Business to Management

Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...

Best Affirms Markel Int. ‘A-‘ Ratings

Sep 8 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of U.K.-based Markel International Insurance Company Limited (MIICL) with a stable...

R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009

Sep 5 2006 // Dublin-based consultants Research and Markets has produced a report, “Five Factors That Will Shape the Future of UK General Insurance,” which “provides five key predictions for the state of the UK general...

People and Places

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

Best Affirms ‘A-‘ Ratings on Hannover Re U.K. Sub

Aug 30 2006 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of International Insurance Company of Hannover Limited (Inter Hannover), the U.K.-based subsidiary of Germany’s Hannover Re....

R&M Report Assesses Top U.K. General Insurers

Aug 28 2006 // Dublin-based Research and Markets has added a U.K. “General Insurance Market Assessment 2006” to their offering. The report examines the state of general insurance in the retail market in the UK in 2006. It...

U.K. Climate Study Warns of Increased Disaster Risk for Next 200 Years

Aug 15 2006 // In one of the most somber assessments yet of the consequences of global warming, scientists at the U.K.’s University of Bristol (http://www.bris.ac.uk.) warned: “As temperatures rise with global warming, an...

Airlines Tighten Security, Cancel Flights Following Terror Plot

Aug 11 2006 // Passengers in the United States coped with heightened security at airports Thursday after authorities in London uncovered a terror plot aimed at airlines traveling from Britain to the U.S.American Airlines canceled six...

Directors and officers market ripe for U.K. buyers

Aug 7 2006 // There are small but significant gains to be made for insureds in the current London directors and officers market, according to the majority of underwriters surveyed in the Willis Index tracking the D&O market.In the...

Directors and officers market ripe for U.K. buyers

Aug 7 2006 // There are small but significant gains to be made for insureds in the current London directors and officers market, according to the majority of underwriters surveyed in the Willis Index tracking the D&O market.In the...

U.K. Polls Reveals Half of Motorists Want Elderly Drivers Banned

Jul 21 2006 // Congestion on Britain’s streets is getting worse, but drivers polled by online insurance broker www.motorinsurance.co.uk have a novel solution: ban elderly drivers from the roads.In a shocking display of ageism,...

London-based Aviva PLC Aquires Iowa’s AmerUs for $2.9 Billion

Jul 14 2006 // Aviva PLC, Britain’s largest insurance company, said Thursday it will take over U.S. life insurance company AmerUs Group Co. in a $2.9 billion deal that will expand the U.K. insurer’s reach into the U.S....

News Briefs

Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...

Aon U.K. Commits to Full Electronic Trading in Specialty, Reinsurance

Jun 23 2006 // In a breakthrough move, Aon U.K., announced that it “will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.”Aon’s London-based operation...

ACE Enhances U.K. Environmental Coverage Package

Jun 23 2006 // ACE European Group announced that it is offering an extensive and affordable environmental liability cover specifically for smaller and mid-sized private and corporate businesses, as part of its existing liability and...

Best Assigns Ratings to Novae Insurance Co./Novae Group

Jun 22 2006 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Novae Insurance Company Limited (NICL), a newly formed insurer based in...

ABI Criticizes U.K. Government Proposals on Mesothelioma Payments

Jun 21 2006 // The Association of British Insurers has criticized government proposals concerning payments to claimants who suffer from mesothelioma, a lung disease caused by the inhalation of asbestos fibers.The legislation is part of a...

Odyssey Re Forms U.K. Company

Jun 20 2006 // Odyssey Re Holdings Corp. has formed Newline Insurance Company Limited (NICL), described as “a casualty-focused insurance company based in London, England.”Odyssey Re said it had received “all necessary...

XL Introduces New U.K. D&O Product

Jun 14 2006 // XL Insurance Ltd., a subsidiary of Bermuda’s XL Capital Ltd., announced that its UK-based professional lines business has added a new product specifically tailored to the directors and officers insurance market in...