Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
R&Q Acquires Royal London General Insurance in Run-Off
Sep 13 2016 // Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to...
Guy Carpenter’s Carter Moves to JLT Re’s International Division in London
Sep 13 2016 // Reinsurance broker JLT Re has named Matthew Carter as a partner in its London Market & International Division, which is led by Bill Bennett. Carter will be based in JLT Re’s London office. In his new role, Carter...
London’s BMS Re Acquires Texas Reinsurance Broker
Sep 9 2016 // London-based BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. BMS, which is the broking arm of Minova Insurance, acquired Advocate...
UK Chancellor of Exchequer to Discuss Brexit Plans with Insurers & Bankers
Sep 7 2016 // Chancellor of the Exchequer Philip Hammond will meet senior bankers in London on Wednesday to set out the government’s plans to support the economy and sound out their views for a post-Brexit Britain. Hammond will...
UK Risks Losing Lloyd’s & London Market Insurers on Brexit: Lloyd’s Chairman
Sep 6 2016 // Lloyd’s of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain’s decision in June to leave the bloc,...
EU Passporting Essential for Lloyd’s Market Position in Post-Brexit World: Fitch
Sep 1 2016 // The UK’s exit from the European Union, or “Brexit,” could lead to a loss of business for Lloyd’s of London unless the UK government is able to negotiate passporting arrangements to maintain access...
Brexit Vote Prompts Inquiries from Insurers Weighing Opening Offices in Dublin
Aug 30 2016 // Ireland says the Brexit vote has led to a jump in inquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain’s financial...
Integro Expands Reinsurance Presence in Latin America with HRL Alliance
Aug 29 2016 // International broker and risk management firm Integro announced an agreement with HR Latinoamerica Ltda. Corredores de Reaseguros (HRL) to serve as HRL’s exclusive London wholesale reinsurance trading partner. The...
London Financial Groups Losing Faith in Quick Fix to Get EU Access After Brexit
Aug 26 2016 // Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels...
