Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand
Sep 10 2020 // ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other industry interest in its digital products and services, CEO Bill Pieroni said. The increase...
Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division
Sep 9 2020 // Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security incident response, terrorism, product recall and personal accident lines. Headed...
London Underwriters Launches Online Agent Platform in Texas
Sep 8 2020 // London Underwriters has released a beta version of its new online platform, Bunch, in the state of Texas. London Underwriters, which has administrated its own proprietary Lloyd’s of London commercial property program...
Fears of Brexit With No Trade Deal Rise Over State Aid Dispute
Sep 4 2020 // The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims
Aug 25 2020 // Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the Future at Lloyd’s strategy. Based in Greenville, South Carolina, he’ll be responsible for overseeing...
Britain, EU Report Little Progress on Post-Brexit Deal
Aug 24 2020 // Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year...
IGI Appoints Neon’s James as Class Underwriter for Cargo in London
Aug 18 2020 // Specialist insurer International General Insurance Holdings announced the appointment of Brian James as class underwriter for Cargo. James will be based in IGI’s London office and will be responsible for developing a...
University Insured Chinese Student Tuition Revenue Against Virus. Then COVID-19 Hit.
Aug 17 2020 // After becoming dean of the University of Illinois business school in 2015, Jeffrey Brown worried that politics or a virus would choke off a major source of revenue for his school: Chinese graduate students. So, in 2017,...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources
Aug 14 2020 // Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week with Lloyd’s of London and other international players expected to be less exposed, insurance...
Analysis: Megacities Face Great Upheavals as They Seek to Cut Virus Transmission
Aug 13 2020 // Like all pandemics, COVID-19 is not an accidental or random event, Frank Snowden argues in his magisterial history “Epidemics and society: from the Black Death to the present.” “Epidemics afflict...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon
Aug 5 2020 // New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s (AGCS) U.S. contaminated and consumer products recall...
London Expects Only Half of Bankers to Return to Their Offices by Year-End
Jul 30 2020 // London’s normally buzzing financial districts will still be a pale shadow by the end of the year, as banks plan for no more than half their staff, who have mostly worked from home throughout the COVID-19 pandemic, to...
Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists
Jul 29 2020 // Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up to 15 million pounds ($19 million) for a start-up. “It’s definitely a...
AXA XL Announces Leadership Team for UK & Lloyd’s Region
Jul 27 2020 // AXA XL announced the new leadership team for its UK & Lloyd’s region. Effective immediately, the appointments are part of the proposed changes to the operating model of AXA XL’s Insurance business following...
London’s International Underwriting Association Publishes New Motor Terrorism Clause
Jul 24 2020 // A new model clause for clarifying coverage of motor terrorism risks has been published by the International Underwriting Association. It has been developed after a growing spate of terrorist attacks using vehicles led to...
London Broker Tysers Appoints Buesnel from Deloitte as CEO
Jul 24 2020 // Tysers, the independent, London-based wholesale insurance broker, announced that Clive Buesnel will become its next chief executive officer, subject to regulatory approval. Buesnel has spent much of his career in both...
UK, EU Clash over Post-Brexit Trade Deal as End-of-Year Transition Period Looms
Jul 24 2020 // Britain and the European Union clashed on Thursday over the chances of securing a free trade agreement, with Brussels deeming it “unlikely” but London holding out hope one could be reached in September. Since...
Specialty Broker Offers Business Insurance Coverage for Pandemic, Epidemic Risks
Jul 23 2020 // A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics. The policy,...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline
Jul 23 2020 // Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous...
Brit’s Digital Syndicate Ki Taps Hearsum from Marsh JLT Specialty as Managing Director
Jul 22 2020 // Ki, the first fully digital and algorithmically driven Lloyd’s of London syndicate, launched in collaboration with Brit Ltd. and Google Cloud, has announced the appointment of Dan Hearsum as managing director....
