Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Uber in London Awaits Decision on License Renewal in Its Important European Market
Nov 22 2019 // London’s transit authority is set to announce as soon as Monday whether it will grant Uber Technologies Inc. a new license to operate. If Transport for London decides against the company, Uber could face expulsion...
Sexual-Harassment Whistleblower Sues Lloyd’s Insurer Tokio Marine Kiln
Nov 13 2019 // A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of harassment, racial discrimination and...
China Pacific Eyes Swiss Re Stake but Real Target Might Be London Listing: Opinion
Nov 7 2019 // It’s a deal linking Shanghai and Zurich, but the real target looks to be London. China Pacific Insurance (Group) Co. is in talks to invest at least $2 billion in Swiss Re AG, Manuel Baigorri of Bloomberg News...
Inquiry into Grenfell Tower Inferno Criticizes Fire Brigade for Higher Fatalities
Oct 31 2019 // British Prime Minister Boris Johnson Wednesday vowed to speed up efforts to make sure the dangerous cladding used in the Grenfell Tower is removed from other high-rise buildings before there is another tragic...
London Run-off Specialist RiverStone Acquires 2 Cayman-Based Captives
Oct 30 2019 // Run-off specialist RiverStone Group, the London-based subsidiary of Fairfax Financial Holdings, announced the acquisition of two Cayman-based captives: GMPCI Insurance Co. Ltd. (GMPCI) and Seaside Indemnity Alliance...
Lloyd’s Insurer AEGIS London Launches Digital Trading Division
Oct 28 2019 // Lloyd’s insurer AEGIS London has launched a digital trading division, dedicated to building and distributing digital products. Tom Squires, AEGIS London’s head of digital trading, will lead the division,...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market
Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG...
Broker Gallagher Loses $12.8M Poaching Lawsuit in London Against Ardonagh
Oct 25 2019 // Insurance broker Arthur J. Gallagher Group lost a 10 million-pound ($12.8 million) lawsuit against rival Ardonagh Group Ltd. in a case highlighted by racially charged comments that put a spotlight on the cutthroat world of...
London Financial Firms at Risk of Being Cut Off from EU After Brexit: Official
Oct 24 2019 // Intense dialog between British and European Union financial regulators must start now or London risks being cut off from the bloc after Brexit, a top banking lobbyist said on Wednesday. Banks, insurers and asset managers...
Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team
Oct 22 2019 // Fidelis Insurance announce that Matthew Bellamy will join Fidelis Underwriting Ltd.’s (FUL) London underwriting team to continue to build its reinsurance business. Bellamy has over 13 years of experience where he was...
Insurtechs Discovering the Value of Agents
Oct 21 2019 // Insurtechs have been making headlines for several years with how they are changing the insurance business and the threat they pose to traditional insurance distribution. But as these fledgling insurance technology firms...
London-Based MGA Castel Specialty Enters Construction and Engineering Market
Oct 17 2019 // Castel Specialty, the London-based division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has entered the construction and engineering market, primarily focused on the UK, North America,...
Price Forbes Launches U.S. Healthcare Practice Headed by JLT Hires
Oct 15 2019 // London-based specialty broker Price Forbes has launched a U.S. healthcare practice headed by market veterans Paul Voller and David Fairbank, who are joining from JLT Group. Based out of London the practice will focus on...
Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
Oct 15 2019 // Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
Oct 15 2019 // From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with...
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
Oct 10 2019 // Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018, according to a report published by the International Underwriting Association (IUA) Gross...
Aon’s Reinsurance Solutions Business Launches Global Wholesale Committee
Oct 9 2019 // The Reinsurance Solutions business of Aon plc has established a Global Wholesale Committee based in London. The committee has been formed to further enhance client services and further cultivate the firm’s...
Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge
Oct 9 2019 // A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. In 2011, Marios Iliopoulos lured the...
Google Faces $3.9B iPhone Privacy Lawsuit After London Court Reinstates Case
Oct 3 2019 // A U.K. lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case. The group, known as...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’
Sep 30 2019 // Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build the most advanced insurance marketplace in the world.” This first blueprint,...
