Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts
Mar 12 2024 // Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names...
Specialist Fire Research Consultancy Halliwell Launches London Office
Feb 23 2024 // Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office. The expansion follows the recent rebrand of Fire...
People Moves: Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre; Mason Named Chief Exec of London’s Electronic Trading Platform PPL
Feb 22 2024 // This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL. A summary of these new hires follows here. Aon Promotes Goosen as Head of Professional...
People Moves: Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London; SiriusPoint Bolsters Energy and Marine Offering With 2 Key Hires
Feb 14 2024 // This edition of International People Moves details appointments at Ardonagh Specialty’s Inver Re and Bermuda-based SiriusPoint. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s...
Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.
Feb 13 2024 // Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication...
HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal
Feb 12 2024 // Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s...
People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber
Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC. A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...
What Would UK Labour Party’s Finance Sector Plan Mean for City of London?
Feb 1 2024 // Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global...
NFP Buys London-Based Advanced Insurance Consultants Ltd.
Jan 24 2024 // NFP, the insurance broking and consulting firm, announced it has acquired Advanced Insurance Consultants Ltd. (AIC), an independent insurance broker based in Hemel Hempstead on the outskirts of London. As part of the deal,...
Women in Finance Criticize City of London’s ‘Tokenistic’ Diversity Efforts
Jan 18 2024 // Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in...
Brexit Has Cost UK More Than $178 Billion so far: London Mayor
Jan 12 2024 // Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the...
Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform
Jan 8 2024 // Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London Bridge 2 PCC Ltd. Beazley is the sponsor of the US$100 million...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
UK to Sign Deal Boosting City of London’s Post-Brexit Ties to Switzerland
Dec 20 2023 // The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers. Chancellor of the Exchequer Jeremy Hunt will visit Bern...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge
Dec 18 2023 // London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge in attacks on commercial ships, according to a statement issued on Monday. Guidance from the Joint War...
Lloyd’s Extends Lease on Iconic London Headquarters Until 2035
Dec 18 2023 // Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times reported. The deal with landlord Ping An...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI
Dec 12 2023 // Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades
Nov 30 2023 // The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding $472 million in compensation after the exchange canceled billions of dollars in nickel trades last...
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report
Nov 29 2023 // Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in schools and training...
Marsh & McLennan Finalizes Delisting From London Stock Exchange
Nov 28 2023 // Marsh & McLennan Companies Inc. has delisted and canceled trading from the London Stock Exchange, further to its announcement made on Oct. 27, 2023. The delisting was finalized at 8:00 a.m. (GMT) on Nov. 27, 2023. The...
