Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Here Are Some Post-Brexit Scenarios for UK Financial Services
Mar 8 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on Wednesday that there...
AEGIS London Appoints Trudeau from Crawford & Co. to Manage Canadian Claims
Mar 7 2018 // Carrie Trudeau has been hired by Lloyd’s managing agent AEGIS London to manage claims notified by its Canadian coverholders. Based in Toronto, Trudeau will focus on strengthening relationships with London market...
SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides
Mar 7 2018 // A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the...
Introducing the InsurTech Capitals of the World
Mar 7 2018 // Not so long ago, Hartford, Conn., was widely known as the insurance capital of the world. Today, interest has shifted to technology-led insurance firms, or InsurTechs, raising the question: Where is the InsurTech capital...
Sompo International to Launch Specialty Operation in Spain; Executive Team Named
Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain. Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...
TWFG Expands Flood Offerings in Texas via Lloyds of London Syndicate
Mar 2 2018 // The Woodlands Financial Group (TWFG) has expanded flood insurance products to the state of Texas in partnership with syndicated members of Lloyds of London, the agency announced. The “FloodPlus” insurance...
London Unveils New Rules for Uber’s Drivers, Cars; Fleet Insurance Also Eyed
Feb 16 2018 // London’s transport authority unveiled proposed new rules for private hire taxi companies such as Uber by requiring them to limit working hours for their drivers, share data on travel patterns and ensure provision of...
UK Supports Post-Brexit Mutual Recognition System for London’s Financial Services
Feb 16 2018 // Britain’s government is ready to push for the kind of Brexit plan for financial services that the City of London has long favored, but which has already run into opposition in Brussels, two government officials said...
London Will Be Weakened as Financial Center After Brexit, Warns Bundesbank Exec
Feb 15 2018 // The U.K.’s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world’s leading financial centers, Bundesbank Executive Board member Joachim...
London Unprepared to Be Early Adopter of Autonomous Vehicles: Report
Feb 14 2018 // London is ill-prepared to become an early adopter of cutting-edge transport technology including driverless cars and retail deliveries by drone, according to the city’s lawmakers. While the U.K. government has...
Everest Insurance Hires Aspen’s Sanders to Lead Europe Credit & Political Risk Business
Feb 8 2018 // Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political Risk insurance business. Sanders joins Everest with over 20 years of experience in the London...
Insurance Not Only Industry Facing Disruption from Driverless Vehicles
Feb 8 2018 // The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to...
London Market Single Claims Agreement Launched to Improve Claims Handling
Feb 1 2018 // The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to...
Tokio Marine Kiln Taps Jomaa from CFC as Cyber Underwriter
Feb 1 2018 // Tokio Marine Kiln (TMK), the London-based provider of specialist and corporate insurance, has appointed Alex Jomaa as cyber underwriter. He takes up the role immediately and will report to Laila Khudairi, head of...
EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats
Jan 31 2018 // European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector,...
Sompo International Appoints Marine, Aviation & Energy Leaders in London
Jan 30 2018 // Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and...
