Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs
Jun 16 2016 // American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a...
Brexit Would Threaten UK’s Access to EU via Single Passport: Officials
Jun 15 2016 // Britain’s partners are stepping up warnings that if it votes next week to leave the European Union, banks and financial firms based in London could lose their money-spinning EU “passports.” The City of...
Ongoing Soft Market Tops Reinsurers’ Concerns: Xuber Survey
Jun 14 2016 // Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining underwriting discipline,...
Gallagher Appoints 2 Former Willis Aviation Brokers as Divisional Directors
Jun 7 2016 // Arthur J. Gallagher has appointed two former Willis aviation brokers, Mark Champion and Paul Rogers, as divisional directors. With combined experience of nearly 70 years, Gallagher said the hiring of these “industry...
Future of London Market Threatened by ‘Brexit’, Warn Market Leaders
Jun 3 2016 // Brexit poses a grave threat to London’s insurance jobs and businesses, according to the International Underwriting Association of London (IUA), Lloyds, and Richard Brindle, group chief executive officer of...
Towergate Launches Specialty London Markets U/W Division; 2 DUAL Execs Hired
May 27 2016 // Towergate Underwriting has formed a Specialty London Markets underwriting division, by hiring two market leading talents in this important and undeveloped specialist opportunity for the group. John Murphy and Glenn...
QBE Appoints DeMares to Lead Latin American Growth From Miami
May 26 2016 // QBE European Operations has appointed Alfonso De Mares as Business Development manager for Latin America. Alfonso joined QBE European Operations’ International Markets division in April and will be based in...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC
May 25 2016 // There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that...
Britain Would Face Trade Barriers if It Votes for Brexit: EU Financial Services Head
May 24 2016 // Britain would face trade barriers if it left the European Union and its single market, the EU’s financial services commissioner Jonathan Hill said on Monday. Hill, a Briton appointed to the European Commission by UK...
McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer
May 19 2016 // XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In...
Longhurst Named Broking & Distribution Director for Towergate London Markets
May 18 2016 // Towergate Insurance has appointed Paul Longhurst as Broking and Distribution director of Towergate London Markets. Longhurst joins Towergate from Bluefin, where he has been London market broking director for 25...
Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader
May 13 2016 // Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has...
London Company Market Concerned About Loss of Single Passport if UK Exits EU
May 5 2016 // Membership of the European Union provides insurers with substantial benefits and London Market companies would be significantly damaged if they were lost, according to the International Underwriting Association...
CSC Completes Acquisition of UK’s Xchanging
May 5 2016 // CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process...
Volvo to Launch Autonomous Driving Trial in London in 2017
Apr 28 2016 // Swedish car maker Volvo will begin an autonomous driving trial in London in 2017. Called “Drive Me London,” the UK trial will use real families in semi-autonomous cars. Starting with a handful of AD cars next...
Obama Makes Impassioned Appeal for Britain to Stay in European Union
Apr 22 2016 // U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward...
Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...
‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney
Apr 20 2016 // The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney. The governor of the Bank of England — the de facto custodian...
Advent Solutions to Create $100M Business in Global Delegated Authority Market
Apr 19 2016 // Advent Solutions Management, the specialist provider of support services for start-ups, entrepreneurs and managing general agents, announced plans to create a multi-discipline insurance business with gross assets of US$100...
London-Based Markel International Simplifies Structure of Wholesale Business
Apr 14 2016 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has simplified the structure of its wholesale business, reducing the number of operating divisions from seven to three. These three...
