Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
London’s ‘Golden Age’ as Europe’s Financial Center Has Ended: NatWest Chair
May 20 2021 // The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable center, NatWest bank chairman Howard Davies said on Tuesday. The...
Digital Transformation Vital to Keeping London Market Competitive: Survey
May 17 2021 // Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by the International Underwriting Association (IUA). Companies identified simplifying...
London Court Will Reconsider $6.9B Suit Against BHP Over 2015 Brazil Dam Collapse
May 7 2021 // LONDON – London’s Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed. Judge...
H.W. Kaufman Expands in Europe, Adding Amsterdam Office, London Healthcare Unit
Apr 30 2021 // U.S.-based specialty insurance firm H.W. Kaufman Group is expanding within Continental Europe through the opening of a new office in Amsterdam, the Netherlands, and the addition of a specialty healthcare insurance team in...
London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property...
Bankers Call for More ‘Bang’ to Boost London’s Competitiveness
Apr 27 2021 // LONDON — Shortly after Britain left the European Union, finance minister Rishi Sunak pledged a series of measures he dubbed “Big Bang 2.0” to ensure the City of London remained one of the world’s top...
London’s NuVenture to Support MGAs with Funding,Technology
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by...
Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’
Apr 23 2021 // Lloyd’s of London was the focus of climate change activists on Friday, when a group called “Insurance Rebellion” used a dump truck to deposit a large pile of fake coal in front of the Lloyd’s...
TikTok Faces Damages Claim Worth Billions in London Child-Privacy Lawsuit
Apr 21 2021 // LONDON – TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London’s High Court over allegations they illegally harvested the...
Impact of Brexit on City of London Is Worse than Expected: Study
Apr 16 2021 // LONDON – Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New...
British Cyber Security Company Darktrace Plans $4 Billion London Listing
Apr 13 2021 // LONDON – Darktrace, the British cyber security firm backed by tech entrepreneur Mike Lynch, fired the gun on its $4 billion London listing on Monday, aiming to raise new funds to accelerate product development and...
London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising
Apr 1 2021 // Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a report published by Fitch Ratings. The main drivers of losses were event...
City of London Financial Center Likely to See Most Workers Return After Pandemic
Mar 31 2021 // LONDON – The City of London financial center, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after the pandemic, the City’s...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier
Mar 30 2021 // LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank of England executive director for financial stability Alex Brazier said on...
What Has Changed After Brexit for London’s Financial Center?
Mar 29 2021 // LONDON — Britain and the European Union agreed a new post-Brexit financial services pact on Friday that will allow them to cooperate on regulation but does little to improve the City of London’s access to the...
City of London Is Realizing that EU Will Limit Access for Financial Services: Lawmaker
Mar 26 2021 // LONDON – There is a growing realization that Britain should not wait for unlikely European Union access for financial services but get on with building a more competitive City of London, a senior lawmaker said on...
British Report Says London Joining EU Financial Services Market May Not Be Worth It
Mar 24 2021 // The City of London may be better off staying out of the EU’s financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain’s upper house of...
Lloyd’s Insurer AEGIS London Moves to New Office
Mar 22 2021 // Top quartile Lloyd’s Syndicate 1225, managed by AEGIS Managing Agency Ltd. (AEGIS London), is moving to a new office to accommodate its growing number of employees. The office, which will open fully once COVID...
Insurer Aviva Seeks New London Headquarters to Cut Post-Pandemic Office Footprint
Mar 5 2021 // Aviva Plc is searching for a new City of London headquarters as the UK insurer prepares to slash its office footprint. The firm started looking for new offices in the financial district early last year, but shelved its...
London-Based Broker Costero Holdings Acquires Mar Risk Services
Mar 4 2021 // Costero Holdings, a privately held London-based brokerage, has acquired the independent broker Mar Risk Services Ltd. (MarRS), effective March 1, 2021. Headquartered in London, MarRS offers insurance advice and access to...
