Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
Global Insurers Reassessing Iran Business In Light of Sanctions Threat
May 20 2018 // Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’
Apr 27 2018 // Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices...
Fitch Affirms Negative Outlook for London Market
Apr 27 2018 // Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting its analysts’ expectation that underwriting results will continue to be pressured by the...
Lloyd’s to End Most Paper Trading by End of 2019
Apr 24 2018 // Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance market in the world...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of...
U.S. & U.K. Blame Russia for Global Cyber Attacks on Governments, Businesses
Apr 17 2018 // The United States and Britain on Monday accused Russia of launching cyber attacks on computer routers, firewalls and other networking equipment used by government agencies, businesses and critical infrastructure operators...
Markel Revamps Excess Casualty Leadership Team
Apr 16 2018 // Markel Corp. has reorganized the leadership structure of its excess casualty team, the underwriting unit with teams in the U.S., Bermuda, Dublin and London. Matt Mullen and Colin Shaw, both managing directors, Casualty,...
London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
Apr 13 2018 // Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to...
London Market Group Launches Team to Manage Market Services Modernization
Apr 13 2018 // The London Market Group (LMG) announced the launch of London Insurance Market Operations & Strategic Sourcing (LIMOSS) led by Patrick Molineux as managing director. LIMOSS has been established to source and manage the...
London Market Group Appoints Beazley’s Horton as Chair, Succeeding Aubert
Apr 9 2018 // The London Market Group (LMG) announced the appointment of Andrew Horton, CEO of Beazley, as its new chair with effect from May 4, 2018. He will succeed Nicolas Aubert, head of Great Britain for Willis Towers Watson who...
Lloyd’s Market Association Names New Board Members for 2018
Apr 3 2018 // The Lloyd’s Market Association (LMA) has announced four new members of its board, following a recent nomination process. Effective from the annual general meeting to be held on May 31, 2018, one new and three...
Integro to Buy Lloyd’s Broker Tysers; Integro’s UK Wholesale Unit to Use Tysers’ Brand
Mar 29 2018 // Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, announced it will acquire 100 percent of Hawkes Bay Holdings Ltd. (HBH), the privately owned parent company of Tysers...
Hanover Insurance Weighs Selling London Specialty Unit Chaucer
Mar 28 2018 // The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it “is undertaking a...
Brexit Effect: Fewer UK Financial Services Jobs Expected to Shift to EU, Says Reuters
Mar 28 2018 // The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of UK-based workers in...
How Will London’s Position as Global Financial Center Be Affected by Brexit?
Mar 28 2018 // Is London’s position as the largest international center of finance slipping as a result of Brexit? London has been a critical artery for the flow of money around the world for centuries. The financial services...
Endeavour Expands Capability of Claims Platform Used by Canadian Coverholders
Mar 26 2018 // Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has added new functionality, including Lineage compatibility, to its Advantage claims platform, further improving claims handling for...
