Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
U.K. Prime Minister Rolls the Dice on City of London’s Future: Opinion
Aug 29 2019 // Not long after Britain voted to leave the European Union, the City of London’s chiefs grudgingly began hammering out plans for the worst: that Britain might eventually abandon the EU’s single market. Now the...
London Litigation Funder Burford Alleges Share Manipulation in Attack on Its Accounts
Aug 15 2019 // London-listed litigation funder Burford Capital said it has found evidence of suspect trading patterns in its shares around the time short-seller Muddy Waters issued a report challenging the company’s accounts last...
Liberty Global Names Singh to Head M&A Transactions Insurance Tax Team in London
Aug 14 2019 // Liberty Global Transaction Solutions (GTS) has named Jugdeep Singh as head of Tax, based in London. Singh will manage the Liberty GTS international tax liability insurance team for tax risks related to merger and...
Lloyd’s, London Market Insurers Surpass Q2 Electronic Placing Targets
Aug 12 2019 // More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter, surpassing targets placed on the Platform Placing Ltd. (PPL) and other recognized...
German Bank Seeks to Seize Ships for Breach of Iran Sanctions
Aug 6 2019 // Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default. The accusations, which led to...
What If Woodstock’s Producers Had Insurance in Place Back in 1969?
Aug 5 2019 // Not long after Jimi Hendrix’s “Hey, Joe” put the final note on three days of sex, drugs and rock n’ roll in a muddy cow pasture in upstate New York, Woodstock promoter Michael Lang recalled in an...
Hiscox Re & ILS Promotes Dolphin to Director of Underwriting, Lee to COO
Aug 1 2019 // Specialist Bermuda-based insurer Hiscox announced two new appointments within Hiscox Re & ILS. Andrew Dolphin has been appointed director of Underwriting – London, replacing Megan McConnell who is relocating to...
Arch Capital to Acquire UK-Based Barbican Group Holdings
Jul 31 2019 // Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Ltd. from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The...
Argo Group Warns Q2 Earnings Will Take a Hit
Jul 29 2019 // Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play include: Prior year losses of...
AXA XL Appoints 3 Senior Executives to London Reinsurance Team
Jul 29 2019 // AXA XL announced three senior appointments to its London Reinsurance team, with the promotion of Megan Kempe, coupled with the additions of Nick Pascall and Conor Gaffney. Kempe has been promoted to head of US Property...
UK Lawyers Could Be Forced Out of EU Courts with No-Deal Brexit
Jul 23 2019 // UK lawyers with lucrative careers in European Union law are fighting to save their jobs after the bloc’s top courts warned that a no-deal Brexit would forbid them from representing clients. In an April letter, a...
Europe Faces Heatwave with London and Paris Expected to Break July Records
Jul 23 2019 // Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest Europe will struggle to...
Ryan Specialty Group Opens Barcelona Office, Focusing on Transactional Risk Business
Jul 22 2019 // Ryan Specialty Group announced it will open an office in Barcelona as the next step in the evolution of the company’s transactional risk business, expanding both geographically and by product offering. This office...
EU Braces for No-Deal Brexit if Johnson Becomes UK Prime Minister
Jul 16 2019 // The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain’s prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. The...
AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units
Jul 15 2019 // Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis...
London’s Uber Drivers Sue City’s Mayor for ‘Discriminatory’ New Levy
Jul 12 2019 // London Mayor Sadiq Khan’s decision to charge Uber Technologies Inc. drivers to operate in the city center amounts to racial discrimination and puts some out of business, lawyers for the drivers said Wednesday in...
Pushing and Pulling Lloyd’s Into the 21st Century
Jul 10 2019 // Twenty-five years ago, the Lloyd’s of London marketplace was teetering on the brink of insolvency, reeling from billions of dollars of asbestos and pollution liabilities. Many of the best brains in the market worked...
Lloyd’s Sets Targets for Risks Placed Electronically for Remainder of 2019
Jul 3 2019 // Lloyd’s has confirmed the mandated targets for electronic placement of risks for the remainder of 2019. For Q3 2019 each syndicate will be required to have written no less than 60% of its risks using a recognized...
Global #MeToo Movement Provides Lots of Work for London’s Top Lawyers
Jul 3 2019 // The global #MeToo movement, in which women across much of the corporate world have spoken out about sexual harassment at work, is having an unintended consequence: more work for top city lawyers. Clifford Chance, one of...
Lloyd’s Suspends Broker Over Harassing Email
Jun 25 2019 // Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who...
