All the headlines from our Uk Topic Page, ordered by recency.
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market.Lader served as U.S. Ambassador to the U.K. from...
Mar 2 2004 // A new report released by the U.K.’s Chartered Insurance Institute indicates that losses from flood risks are increasing in the country in terms of hazard, exposure and vulnerability.“Flooding risks present a...
Feb 27 2004 // Arthur J. Gallagher & Co. (NYSE: AJG) today announced that its subsidiary, Arthur J. Gallagher (UK) Limited acquired the remaining 50% of its United Kingdom joint venture, Risk Management Partners Ltd, from Am Re...
Feb 11 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on U.K.-based insurers AXA Insurance U.K. PLC, AXA General Insurance Ltd., and AXA Direct Insurance Ltd. (collectively AXAI) to...
Feb 6 2004 // The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The closure will eliminate around 1,600 jobs, as Aviva shutters the broker’s 240...
Feb 2 2004 // Roy Perry, a British Conservative member of the European Parliament, has called for an investigation by the European Court of Justice, the EU’s highest court, of the accusations against Lloyd’s and the U.K....
Dec 19 2003 // A.M. Best Co. announced that it has assigned an “a-” Issuer Credit Rating to Aviva Plc. It has also given an ‘A’ (Excellent) financial strength rating to CGU International Insurance Plc. and Norwich...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Dec 15 2003 // Royal & Sun Alliance is reportedly very near to making a deal to sell its U.K. life insurance business, which is valued at around £600 million ($1.03 billion). According to an article in the Sunday Times, as...
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Nov 20 2003 // In a further move to bring its accounting procedures up to date, Lloyd’s announced it would adopt UK Generally Accepted Accounting Principles (GAAP) beginning January 1, 2005.It also plans to eventually adopt...
Nov 20 2003 // According to John Sims, who heads Chubb’s European Personal Lines unit, large swathes of the British public are falling victim to what he calls “insurance apathy disease.”Speaking at the Private Wealth...
Nov 6 2003 // Houston’s HCC Insurance Holdings Inc. announced it has agreed to invest in U.K.-based holding company Illium Insurance Group Ltd., owner of a new Lloyd’s managing agency and syndicate specializing in U.K. third...
Nov 5 2003 // The U.K.’s Treasury Department will begin an investigation of the Financial Services and Markets Act, which created the Financial Services Authority as the sole regulatory and enforcement agency for financial...
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Sep 30 2003 // Dallas-based U.S. Risk Insurance Group Inc. (U.S. Risk) announced it has entered into a financial transaction with London-based Insurance Broker, NCG Professional Risks Ltd. (NCG).The transaction involves U.S. Risk...
Sep 22 2003 // The 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute wound up proceedings in London last Friday on an upbeat note. President Andy Homer told delegates that the industry...
Jul 9 2003 // Toronto’s Fairfax Financial Holdings announced that a London court has ruled in its favor in a case brought by a subsidiary, Sphere Drake Insurance, against underwriting agents who, it alleged, fraudulently obtained...
Jun 20 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of International Insurance Company of Hannover Limited (Inter-Hannover), the London-based general insurer and...