Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Markel International Appoints O’Shea as Head of Reinsurance Claims
Oct 10 2016 // Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in...
London Insurance Market Prepares to Hold Catastrophe Response Test
Oct 5 2016 // The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped with regular hurricanes,...
Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles
Oct 3 2016 // Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry,...
Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant
Sep 23 2016 // Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray...
New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
Lockton Launches Corporate Terrorism Product with London Markets
Sep 20 2016 // Insurance broker Lockton, in conjunction with London Market insurers Hiscox, Beazley, Talbot and XL Catlin, have launched a new product – Terrorism Crisis Solutions (TCS) – designed to offer corporate clients a...
Murphy Joins CFC in London as Claims Director
Sep 19 2016 // Specialist lines underwriting agency CFC has appointed Margaret Murphy as Claims Director. Murphy joins the business from the New York law firm, Wilson Elser Moskowitz Edelman & Dicker LLP, where she was a partner. She...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Towergate Creates London Underwriting Unit; Leathem Named Director
Sep 14 2016 // Insurance intermediary Towergate is forming a London underwriting centre to be led by David Leathem as London director of underwriting. The unit will focus on specialist London market product lines. Leathem will lead the...
UK Auto Insurer Esure to Spin Off Gocompare.com Unit
Sep 13 2016 // Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge its price-comparison website Gocompare.com through a separate listing on the London Stock Exchange. The...
