Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
AXIS Capital’s London Office to Move to ‘The Scalpel,’ New Tower Near Lloyd’s
Dec 19 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
XL Catlin Names Gale & Littlemore to Lead Bermuda, London Reinsurance Units
Dec 9 2016 // XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer...
U.K. Financial Firms Paid $91B in Annual Tax: City of London Report
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
UK Financial Firms Look to Dublin as EU Base After Brexit Vote: Irish Minister
Nov 28 2016 // Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licenses in Dublin by early next year, Ireland’s financial services minister said on...
AIG May Move Europe HQ from London to Another EU Country on Brexit
Nov 22 2016 // U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry...
Brit Launches Diamond Processing Consortium with Capacity Up to $50M
Nov 16 2016 // Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the...
Miller Appoints Griffiths to Its Sports & Entertainment Team
Nov 15 2016 // David Griffiths, who has held several top sports insurance broking and production roles in a career spanning 25 years has joined Miller’s sports and entertainment team to further boost its growth plans. Griffiths...
Arthur J. Gallagher Buys London-Based Employee Benefits Firm, Argentis
Nov 10 2016 // Arthur J. Gallagher & Co. announced the acquisition of Argentis, based in London, England. Terms of the transaction were not disclosed. Founded in 2005, Argentis is a financial planning and employee benefits consultant...
Markel International Taps Beazley’s Maher for U.S. Cyber Market in London
Nov 8 2016 // Specialist insurer Markel International has appointed Andrew Maher as senior underwriter, emerging risks, within its specialty and financial lines division. Maher’s focus will be on further development and expansion...
Towergate Renames London Market Broking Business as ‘Bishopsgate’
Nov 2 2016 // Towergate has renamed its London market broking business as “Bishopsgate.” Formerly known as Towergate London Market, Bishopsgate aims to give “regional brokers better access to market, better service and...
Markel Buys Galleon Marine Insurance Agency, London-based MGA
Nov 1 2016 // Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued...
UK Uber Drivers’ Court Victory Over Pay Could Rejigger Gig Economy
Oct 31 2016 // Uber Technologies Inc. lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy. Three London...
UK Employers Downbeat About Economy, Hiring After Brexit Vote: Poll
Oct 26 2016 // The number of British firms that are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a...
P/C Tech Firm, Xceedance, Opens London Office; Davies Heads EMEA Region
Oct 24 2016 // Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, the company...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B
Oct 21 2016 // Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
London’s Mayor Khan Warns Exiting EU Could Make UK Poorer
Oct 12 2016 // London Mayor Sadiq Khan told business leaders that he’ll fight any attempt to take the U.K. out of the European Union’s single market, a move he says could make Britain poorer. “If we were to leave the...
