Lloyd’s of London News
UK Official: Brexit ‘Won’t Be Postponed or Delayed’
U.K. Chancellor of the Exchequer Philip Hammond said Brexit will still go ahead in March 2019 in spite of disagreements in Prime Minister Theresa May's cabinet over a transition period to help ...
EU Says Formal Brexit Talks Face Possible Delays; UK Disagrees
Talks between Britain and the European Union on their future relationship are now less likely to start in October, the EU's top negotiator has said, due to a lack of progress on Brexit divorce issues ...
UK Lawmakers Explore How to Keep Post-Brexit EU Access for Insurers, Banks
British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial ...
U.K. Reportedly Exploring Switch to Softer, Longer Brexit Process
Theresa May's U.K. government is drawing up plans to extend the timetable for negotiating and completing the Brexit process, which could see a long transition period lasting until 2022, according to ...
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Brexit Moves Likely After Year-End, UK Financial Watchdog Predicts
Financial firms are waiting until the end of the year before moving staff and business ahead of Britain's departure from the European Union in 2019, the country's markets watchdog said. Banks, asset ...
Sobering Milestone: Cyber Attack Damage Risks Now Rival Hurricanes
Cyber attacks have reached a point where they could rack up billions of dollars in economic and insured losses, rivaling damage created by hurricanes. This milestone means insurers must start ...
AXIS to Launch Lloyd’s Managing Agency
Bermuda-based AXIS Capital Holdings Ltd. announced it will launch a Lloyd's managing agent after receiving authorization from Lloyd's, the UK Prudential Regulation Authority (PRA) and the Financial ...