Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports
Mar 24 2017 // One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers. May had delivered her vision two days earlier for pulling...
Neon Launches Marine & Offshore Construction Consortium
Mar 23 2017 // Specialist Lloyd’s underwriter Neon has launched a Marine and Offshore Construction Consortium. Seeking to address the increasingly tailored insurance needs of shipyard clients, the Neon led-consortium offers $70...
Parliament Reopens After London’s Worst Terror Attack in More Than 10 Years
Mar 23 2017 // Parliament got back to work on Thursday after London’s worst terror attack in more than a decade left four people dead, including the assailant and the police officer he stabbed. Lawmakers, and those investigating...
RSA Begins Trading on London Market Placing Platform, PPL
Mar 22 2017 // International insurer RSA has begun trading on the London insurance market’s electronic placing platform, PPL (Placing Platform Ltd.), which enables brokers and underwriters to quote, negotiate, bind and endorse...
Experience Is Everything for Krefta, CEO-in-Waiting at Hiscox Re & ILS
Mar 17 2017 // When someone gets to be a CEO at the age of 36, perhaps it’s a good idea to listen to his story about how he got there and some of the lessons he’s learned. From his current position as chief underwriting...
Rival EU Cities Compete to Attract UK Firms Seeking Post-Brexit HQs
Mar 15 2017 // Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last week, U.S. insurer AIG...
Luxembourg Successfully Woos UK Finance Firms Seeking Post-Brexit HQs
Mar 10 2017 // Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.’s exit from the European Union, as insurers, asset managers and financial-technology companies are...
London Insurance Market Provides Brexit Negotiations’ Wish-List
Mar 10 2017 // A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients’ access to the London insurance market, according to the London Market Group (LMG), an association representing London’s...
PwC Develops Blockchain Prototype for London Market Claims
Mar 7 2017 // PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the...
London Market’s Placing Platform, PPL, Expands Offering with Marine Lines
Mar 6 2017 // PPL, the London market’s electronic placing platform, announced that marine business is now available to be bound on the PPL platform. The platform began trading stand-alone terrorism risks in July 2016, and now...
People
Mar 6 2017 // Texas Insurance Commissioner David Mattax has been reappointed to the post by Gov. Greg Abbott, the governor’s office announced. His term expires Feb. 1, 2019. Mattax has served as insurance commissioner since...
London’s Uber Drivers Need to Pass English Language Tests, Court Rules
Mar 3 2017 // Uber Technologies Inc. lost a ruling over London transport rules that require language tests for drivers, which could keep 40,000 people from joining the industry over the next three years. Judge John Mitting ruled in...
EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit
Mar 3 2017 // The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial...
BGC Partners Buys Lloyd’s Broker Besso Insurance
Mar 1 2017 // BGC Partners Inc., a London and New York-based broker serving the financial and real estate markets, announced it has completed the acquisition of Besso Insurance Group Ltd., an independent Lloyd’s of London...
Self-Driving Nissan Car Begins Tests on Streets of London
Feb 27 2017 // Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company’s first European tests of an autonomous...
Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting
Feb 27 2017 // Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and...
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit
Feb 24 2017 // U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry...
AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth
Feb 22 2017 // AXIS Capital Holdings Ltd. announced that Julian Brown has joined AXIS Insurance as vice president and underwriter, responsible for leading growth initiatives and product development for the company’s London market...
Carnegie-Brown Appointed as Next Lloyd’s Chairman
Feb 21 2017 // It’s official: Bruce Carnegie-Brown will become the next chairman of Lloyd’s. Following a meeting of the Council of Lloyd’s, his appointment as successor to John Nelson was approved unanimously. His...
U.S. Estimates Hurricane Matthew Damage to Recreational Boats at $110M
Feb 20 2017 // Hurricane Matthew, which threatened four coastal states as it corkscrewed through the Atlantic in early October, caused an estimated $110 million in damage to recreational boats, according to Boat Owners Association of The...
