Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 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...
Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President
Aug 23 2016 // Willis Re announced the appointment of Chris McDowell as CEO of Willis Re Bermuda. Effective Jan. 1, 2017, he will succeed Michael Harden, CEO of Willis Re Bermuda since 2014, who is returning to the Asia Pacific region as...
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Aug 18 2016 // Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting...
Air Pollution Affects Many London Parks
Aug 10 2016 // London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to...
Reeves to Join Neon as Chief Risk Officer, in Move from RM Role at Lloyd’s
Aug 5 2016 // Specialist Lloyd’s insurer Neon has appointed Olly Reeves to the role of chief risk officer. He will join Neon on Nov. 1, 2016 from his current role as head of Risk Management at Lloyd’s of London. Subject to...
Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital
Aug 5 2016 // Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good business,” according to Michael Steel, former CRO at AXIS Capital. The role of...
Sompo Canopius Appoints Kedney as Chief Commercial Officer
Aug 1 2016 // Sompo Canopius* AG has appointed Paul Kedney as chief commercial officer. Kedney will join the group’s executive committee and work closely with Stuart Davies, group chief executive officer, and Mike Duffy, group...
Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team
Jul 27 2016 // Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber team. They are based in the London office and report to Ian Newman, a...
Dublin Looks to Lure Financial Services Jobs from UK After Brexit Vote
Jul 27 2016 // Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to...
UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary
Jul 25 2016 // British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson,...
Towergate London Market Appoints Pearce to Lead Growth Strategy
Jul 22 2016 // Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.* Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers
Jul 20 2016 // As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a...
Allied World Europe Names Jacobs to Lead Casualty Operation in London
Jul 12 2016 // Allied World Assurance Company Holdings AG announced that Allied World Europe has appointed Darren Jacobs as senior vice president, General Casualty. Jacobs will lead Allied World Europe’s primary and excess casualty...
London Market’s Electronic Placing Platform Binds 1st Standalone Terrorism Risk
Jul 12 2016 // London Market Group (LMG) announce that the first standalone terrorism risk was bound on PPL – the London Market’s electronic placing platform – within the first hour of trading yesterday morning. The broker was...
New Prime Minister ‘Must Protect’ London’s Financial Center in Brexit Talks
Jul 12 2016 // Britain’s next Prime Minister Theresa May must find ways to protect London’s financial sector as the country negotiates its exit from the European Union, senior lawmaker Stephen Hammond said on Monday. May is...
London Market’s Electronic Placing Platform Begins Trading Terrorism Risks
Jul 11 2016 // London Market Group (LMG) announced that PPL – the London Market’s electronic placing platform began trading today, with brokers and underwriters exchanging information on standalone terrorism risks, the first...
Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement
Jul 8 2016 // Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement. In his new role, Cooke...
A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000
Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...
London Re/Insurance Market Will Weather Brexit Storm: Execs
Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...
