Latest Uk Headlines

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

Lengthy Processing Time See for U.K. Oil Fire Claims

Dec 20 2005 // A bulletin on the Lloyd’s Web site notes that “claims from the biggest fire in Europe for over 50 years [the Buncefield fire] will impact the London market in two phases, according to a major loss adjuster...

Lord Levene Urges U.K. Reinsurers to Support Changes in U.S. Trust Fund Collateral Requirements

Nov 29 2005 // Lloyd’s Chairman, Lord Levene, has called on the London market’s reinsurers to play their part in European efforts to remove the current “inappropriate system” of collateralisation requirements in...

CII Offers All U.K. Brokers Guidance on Conflict of Interest Solutions

Nov 29 2005 // The U.K.’s Chartered Insurance Institute (CII) announced that it is making its guidance note on Conflicts of Interest available to the whole market in view of the FSA’s letter last week to chief executives on...

S&P Affirms Aspen’s Ratings; Removes from CreditWatch

Nov 23 2005 // The London office of Standard & Poor’s Ratings Services announced that it has “affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on U.K.-based Aspen...

U.K. Male Drivers Distracted by Provocative Posters

Nov 22 2005 // Whether by intelligent design or natural selection, men – at least most men – are programmed to look at women. This assures increased species propagation and the ultimate survival of the human race.Quite...

Best Affirms Factory Mutual’s U.K. Sub ‘A+’ Rating

Nov 15 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of the U.K.’s FM Insurance Company Limited (FMI) with a stable outlook.“The rating reflects the implicit...

U.K. Cameras Spot Uninsured Drivers

Nov 10 2005 // The Association of British Insurers (ABI) notes that U.K. police have started using automatic number plate recognition cameras to spot cars being driven without insurance. The ABI calls the initiative a “new...

Reputation, Regulation and Recruitment Focus of U.K. Conference

Oct 17 2005 // Pulling Together” was the overall theme of the United Kingdom’s Chartered Insurance Institute’s Annual Conference, which concluded Sept. 23 in London. However, the “Three Re’s” took an...

Aon (U.K.) Launches M&A Warranty Replacement Coverage

Oct 13 2005 // Aon Limited, the international broker’s U.K.-based subsidiary, has unveiled an innovative insurance product called Warranty Replacement and Acquisition Protection (WRAP). Aon said the new coverage is designed to...

Heavy Rains Cause U.K. Floods

Oct 13 2005 // Heavy rains overnight caused severe flooding in parts of the U.K. The worst affected areas were in southwestern Scotland, west Wales and Cumbria, where authorities issued numerous flood warnings. Roads have been closed and...

Reputation, Regulation and Recruitment Focus of CII Conference

Sep 26 2005 // “Pulling Together” was the overall theme of the U.K.’s Chartered Insurance Institute’s Annual Conference, which concluded Friday, Sept. 23 in London. However, the “Three Re’s” took...

R&M Study on U.K. Identity Fraud

Sep 2 2005 // Dublin-based Research and Markets announced that they have added a study of U.K. Identity Fraud Insurance 2005 to their offering.“With increasing media attention being devoted to the issue of identity theft and the...

Best Affirms AVIVA’s ‘A+’ Ratings

Aug 12 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of the core companies of the U.K.-based AVIVA Group. Best...

U.K. Caught in U.S.-Style Lawsuit Craze? Hogwash, Say Trade Unions

Jul 28 2005 // The United Kingdom is not in the grips of a U.S.-style compensation culture, nine out of every 10 workers injured or made ill by their jobs never receive a penny, and the best way for employers to ensure they stay out of...

Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model

Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...

Navigators Group Launches Global Transport Practice

Jul 18 2005 // The Navigators Group Inc. has affirmed its ongoing commitment to the insurance of transport-related business by announcing the creation of a Global Transport Practice, extending to its offices in the United States, the...

The London Bombings: We Won’t Be ‘Terrorized by Terror,’ Says Blair

Jul 18 2005 // September 11, March 11, July 7 –dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in Lon-don killed at least 49...

Best Affirms FSR for Lloyd’s Syndicate 1084; Outlook Stable

Jul 13 2005 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and the issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1084 (United Kingdom).At the same time, A.M. Best has affirmed...

ACE Europe Appoints Furgueson President U.K. and Ireland

Jul 8 2005 // ACE European Group has announced that Michael Furgueson has been appointed President of ACE’s business operations in the United Kingdom and Ireland. He succeeds Carl Bach, who is moving to a new posting with ACE USA,...

International Newsbriefs

Jul 4 2005 // 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...