Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Feb 20 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company’s Lloyd’s...
Ed Announces Series of Appointments and One Departure
Feb 15 2017 // Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and...
Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit
Feb 15 2017 // Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial...
U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries
Feb 14 2017 // British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, U.K. tech entrepreneurs are now girding for...
Neon Names AlphaCat’s Pritchard as Head of Property Reinsurance
Feb 13 2017 // Neon has appointed Nick Pritchard as head of Property Reinsurance. Pritchard initially will be based in Neon’s Bermuda office and will oversee the growth of Neon’s property reinsurance operations across both...
BHSI Opens London Office, Expands UK & Southern Europe Team
Feb 8 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Ltd. (BHIIL), announced it has opened a new office in London. In addition, key executive...
EU Should Support ‘Reasonable’ Brexit Deal for London: German Minister
Feb 6 2017 // The City of London offers financial services that benefit Europe as a whole and the European Union should recognize that in a “reasonable” Brexit deal with Britain, German Finance Minister Wolfgang Schaeuble...
PwC Appoints Delbridge as London Market Insurance leader
Feb 1 2017 // Paul Delbridge has taken on the role of London market insurance leader at PwC. Delbridge is a partner with 30 years’ experience at the firm, including three years in New York, almost all of which has been spent in...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’
Jan 31 2017 // A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London...
W.R. Berkley Suspends Marine Underwriting in London: Sources
Jan 25 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the...
1/1 Renewals Saw Some Price Stabilization, Record Capital, Demand Uptick: JLT Re
Jan 24 2017 // The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin compression, according to JLT Re...
