Tag: uk insurance news

Insurance news from UK reveals investigation plans from regulator

H. Cutner
UK cyber Insurance industry News united kingdom

The FCA is now looking into the selling strategies many insurers are using with add ons. The Financial Conduct Authority (FCA) in the United Kingdom has made an insurance news announcement that it is investigating techniques being used by insurers for the sale of their products in order to increase their competitive powers. The study is being conducted specifically into the practices surrounding the add ons in the industry. The Chief Executive of the FCA, Martin Wheatley, first announced the insurance news at an industry conference that was held on…

Read More

Insurance news made by Mayor of London

G. Turner
insurance news

Boris Johnson made a speech in which he identified the industry as “crucial” to the U.K. economy. The Mayor of London, Boris Johnson, spoke in front of an audience primarily made up of Lloyd’s market participants and made insurance news by underscoring the critical role that is played by the market in the economy of London. He also pointed out that there is a need to boost international investment in the city. Johnson spoke within the historic Underwriting Room alongside John Nelson, the chairman of Lloyd’s. Together, the insurance news…

Read More

Insurance news made as animal activists hack insurer and steal financial data

Julie Campbell
Insurance news Badger activists

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…

Read More

Insurance news from Barclay’s scandal increases total to $4.1 billion

life insurance news Barclays Bank

The mis-selling scam from the bank has experienced yet another massive charge. Barclays Bank PLC is making insurance news yet again with another massive mis-selling charge, adding to a long list of others that have been reported by Insurance News Report over the last few months. The British bank is continually hounded by new discoveries of scandalous selling practices. Authorities in the United Kingdom have been investigating the fundraising that the bank has received from Qatar during the worst of the crisis in 2008. The investigations have been ongoing since…

Read More

Insurance news from Itochu shows expansion of Lloyd’s of London within U.K Alliance

Lloyd’s insurance claims - Home office building

New partnership between Japanese and British companies works to broaden the industry. Itochu Corp, a company that has set its sights on becoming the most profitable trading house in Japan aside from the mineral resources industry, has announced the latest insurance news of a new alliance with Antares Managing Agency Ltd. from the United Kingdom, in order to broaden the insurance industry. The alliance represents a number of important firsts within the industry in Japan. The partnership with Antares, which is based in London, with Itochu, will represent the first…

Read More