Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
London Stock Market to Require Climate Disclosures for Listed Companies
Nov 10 2020 // Companies listed on the London Stock Exchange will have to improve disclosures on the risks they are facing from climate change from January, Britain’s financial watchdog said on Monday. Nikhil Rathi, chief executive...
Cincinnati Global Picks Hernandez, Seakens to Lead 2 New Business Lines
Nov 5 2020 // Cincinnati Financial Corp.’s London-based global specialty underwriting subsidiary, Cincinnati Global Underwriting Ltd., will begin writing two new lines of business: contingency and specie. Contingency insurance...
AGCS Names Generali’s Baker as Regional Head of Liability for London, Nordics Unit
Nov 4 2020 // Allianz Global Corporate & Specialty (AGCS) announced the appointment of Luke Baker as the new regional head of Liability for Regional Unit London and Nordics. He will join AGCS, Allianz’s entity for large-scale...
London Must Clarify How Far It Will Diverge from EU Financial Rules: EU Official
Oct 28 2020 // Britain must spell out how far it wants to diverge from European Union rules if it wants access to the bloc’s financial market from January, a top European Commission official said on Tuesday. Britain has left the EU...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies
Oct 22 2020 // Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse...
Post-Brexit Reality: Europe Will Still Need London for Finance and Business – Opinion
Oct 20 2020 // Brexit could one day give the European Union an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU is in no condition to take advantage. As talks on...
UK Should Adjust Rules for Financial Services to Stay Competitive After Brexit: Study
Oct 19 2020 // Britain should tweak financial rules after full Brexit to keep London’s financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain accounted for nearly a...
People & Places
Oct 19 2020 // National Reinsurer AXIS Re announced the promotion of Dan Osterrieder to head of Casualty North America. Osterrieder will be responsible for general liability, auto, umbrella and excess, workers’ compensation,...
Guy Carpenter’s Massingham to Join Lockton Re Marine, Energy Division in London
Oct 15 2020 // Andy Massingham will be joining reinsurance broker Lockton Re as a senior broker as part of the Marine & Energy Division. He will be based in the London office. Massingham will join from Guy Carpenter which he joined...
London Company Market Grew 10% in 2019
Oct 8 2020 // Premium income for the London company market grew by 10% last year with £21.436 billion of large commercial and wholesale risks underwritten by firms in the City. A new report from the International Underwriting...
EU Sources Say Brexit Deal with Britain on Social Benefits ‘Closer’: Reuters
Oct 7 2020 // Britain and the EU are closer to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as “one of...
Argument in London Pub Between U.S., British Agents Is Focus of UK Employment Suit
Oct 2 2020 // An insult-laden spat at a London pub that strained relations between U.S. and British law-enforcement agencies is at the center of a employment tribunal lawsuit against the UK Serious Fraud Office. Tom Martin, an...
More Than 7,500 Financial Services Jobs Move to Europe from London: EY Brexit Tracker
Oct 1 2020 // More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. Banks, insurers and asset...
Uber Granted 18-Month License Extension in London After Legal Review
Sep 29 2020 // Uber Technologies Inc. won the ability to continue operating in its biggest European market after a London judge granted the ride-hailing service an 18-month license extension. Uber did enough to satisfy the court that it...
Howden Acquires London-Based Broker St Giles Legal & Professional Risks
Sep 29 2020 // Howden, the independent employee-owned insurance broker, announced it has reached an agreement to acquire St Giles Legal & Professional Risks, a London-based professional indemnity insurance broker specializing in the...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger
Sep 28 2020 // UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after Sky News reported it was negotiating a merger with rival Royal London. The company...
New York Again Ranks as Top Global Financial Hub But London Gains in Volatile Index
Sep 25 2020 // New York again heads the rankings of the world’s leading global financial centres. The Global Financial Centres Index 28, launched by London think tank Z/Yen Group in partnership with the China Development Institute...
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
Sep 25 2020 // Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be...
