Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Britain Must Think ‘Creatively’ About Keeping London Competitive for Financial Services
Mar 3 2021 // Brexit starts a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the...
Post-Brexit Exodus of Staff and Assets from London to EU Slows
Mar 2 2021 // LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on...
Brexit Boosts Amsterdam Ahead of London as Europe’s Top Stock Trading Center
Feb 11 2021 // Amsterdam has displaced London as Europe’s biggest share trading center after Britain left the European Union’s single market, and picked up a chunk of UK derivatives business along the way, according to data...
ES Risks & FocusPoint International Announce New Solution with Certain Underwriters at Lloyd’s of London to Provide World Class Response Under ‘Crisis Bulwark’ Facility
Feb 9 2021 // London, UK, FEBRUARY 9, 2021 – ES Risks and FocusPoint International (FPI) announce a new offering with Lloyd’s of London, that will bring world-class crisis response and technology into the product concept to be...
Insurtech Trov Partners with UFODRIVE to Insure London-Based Electric Vehicles
Jan 29 2021 // Trov, the San Francisco-based insurtech company, announced that UFODRIVE, a frontrunner in sustainable car rental, has selected Trov’s Mobility Insurance Platform for its fleet of fully electric vehicles. UFODRIVE...
Sompo Int’l Hires Generali’s Brown to Lead New London & International Property Team
Jan 15 2021 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through...
What Will Brexit Trade Deal Mean for City of London?
Dec 28 2020 // LONDON – Britain, which left the European Union in January, loses full access to the bloc under transition arrangements that end at 2300 GMT on Dec. 31. The 27-nation EU is Britain’s biggest financial services...
Allianz’ Real Estate Unit Bets on London with Purchase of Office Buildings for $539M
Dec 23 2020 // Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co. in London’s virus-roiled West End district. The insurance giant has agreed to pay 401 million...
