Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit
Mar 21 2018 // Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe. “Regulators...
UK Insurers, Banks Push Ahead with Relocating HQs – Despite Brexit Transition Deal
Mar 20 2018 // London-based banks and other financial firms won’t put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on...
XL Catlin Introduces Brexit Continuity Clause to Address Risk of Loss of EU Passporting
Mar 19 2018 // XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become...
New Markets
Mar 19 2018 // Apartments, 1-4 Family Dwellings Market Detail: Bass Underwriters (www.bassuw.com) covers residential apartment buildings and one-to-four family dwellings. In-house rates with a 10 minute turnaround available. Coverage...
Door From London’s Deadly Grenfell Tower Fails Fire Safety Test
Mar 16 2018 // Police say a door from a London high-rise that went up in flames, killing 71 people, has failed an expert fire safety test. The Metropolitan Police force said Thursday that an undamaged door from Grenfell Tower withstood...
Markel International Ceases Writing London Open Market Property Business
Mar 16 2018 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., will cease to write London open market property business with immediate effect. The development has no impact or implications for...
London’s Future as Financial Center Uncertain Due to Brexit: UK Regulator
Mar 15 2018 // London’s future as a global financial center is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he...
Munich Re Eyes Purchase of London Property, Which Could Become UK HQ: Sources
Mar 15 2018 // Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said. The insurer is...
AFL Insurance Brokers Launches Marine Division, Hires Mott from Ed to Lead Unit
Mar 13 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. announced the launch of a commercial marine division, and the appointment of Alex Mott as director of Marine. A senior marine insurance professional with 16 years...
