Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac
Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...
Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal
Nov 15 2018 // The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister Dominic Raab showed the obstacle course is far from over. Even if the U.K. Parliament clears...
UK’s RSA Plans to Exit Three London-Based Global Business Lines
Nov 14 2018 // RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning. Closing...
Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team
Nov 13 2018 // Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the...
UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows
Nov 12 2018 // Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a...
UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade
Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...
Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials
Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...
Uber Court Case in London Could Determine Future of UK’s Gig Economy
Oct 30 2018 // Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of the...
UK’s Ed Broking to Be Acquired by BGC Partners
Oct 29 2018 // Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of...
AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...
London Market Group to Offer Faster Solution for Coverholder Approval
Oct 22 2018 // The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more efficient solution for approving and registering coverholders, and a new integrated tool for generating...
Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler
Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple...
London’s Biggest Private Taxi Firm Aims to Roll Out Self-Driving Cars by 2021
Oct 22 2018 // A fleet of autonomous taxis could roll onto the streets of the U.K. capital within three years, after one of London’s biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle...
TigerRisk Adds Retro Specialist Hughes from Aon to London Retro Team
Oct 18 2018 // TigerRisk Partners LLC, the Stamford, Conn.-based insurance and reinsurance broker, announced it has appointed Jonathan Hughes as partner. Hughes will report to Alex Bridges, head of TigerRisk’s Retro Team, and will...
London Attracts Financial Services Investments Despite Cloud of Brexit: Report
Oct 17 2018 // Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday. The body that governs...
London Market’s Placing Platform Completes Product Roll-Out with Treaty Reinsurance
Oct 15 2018 // The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the platform today, completing its roll out of products. PPL said its focus will now be...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch
Oct 11 2018 // The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017,...
AGCS Taps Brewer from AIG, Promotes Tiplady, for UK Broker Relationship Team
Oct 11 2018 // Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, announced the appointments of Lee Brewer as senior broker relationship manager and Harriet...
UK Expects 5,000 Financial Services Jobs to Move to Europe by Brexit Day
Oct 10 2018 // Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center. John...
