Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong
Jun 2 2015 // Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M....
Xuber Reinsurance Survey Focuses on Regulation and M&A
May 27 2015 // Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industry Xuber, Xchanging’s insurance software business, recently released its second...
Some European Insurers, Pension Funds Build Loan Books to Rival Banks
May 27 2015 // Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel...
Placing Platform Ltd. Selects Ebix for London Market Implementation
May 26 2015 // The Board of Placing Platform Limited (PPL) announced that, after a tender exercise, it has selected Ebix as its preferred software supplier. The Board acted on behalf of the International Underwriting Association (IUA),...
AEGIS London’s Managing Director Moves to Canopius as Group CEO
May 21 2015 // AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius. At Canopius, Davies succeeds Michael Watson who remains the company’s...
ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820
May 19 2015 // ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval). Based in London, the...
Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs
May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the...
AEGIS London Hires Rouse as Casualty Underwriter
May 14 2015 // AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team of London-based underwriters writing an international book of business, excluding...
Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business
May 14 2015 // Old Mutual plc, the London-based insurer, said first-quarter sales gained 18 percent as revenue from operations in Africa jumped by a third. Gross sales increased to 7.3 billion pounds ($11.5 billion), from 6.3 billion...
UK Elects the Conservatives, but Question of EU Status Remains
May 8 2015 // “Heavy Fog In Channel. Continent Cut Off.” That often quoted newspaper headline, which dates from at least the 1930’s, captures the ambivalent feelings the British have about their European neighbors....
In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments
May 5 2015 // The new fixed-income haven is, of all things, the market for junk bonds. With government securities in Germany to Japan and Ireland yielding less than nothing, money is pouring into exchange- traded funds that buy...
Hiscox London Market Launches Stand-Alone Threat Product
May 4 2015 // Specialist global insurer Hiscox has launched a stand-alone Threat product designed to protect businesses against the loss of revenue suffered as a result of a threat or hoax. The Hiscox Threat policy provides non-physical...
Roscoe Appointed Head of London and European Broker Relations for Beazley
May 1 2015 // Specialist insurer Beazley has appointed Will Roscoe to head the company’s broker relations activity in the London and European markets. Roscoe brings extensive experience of the insurance market both as a broker and...
Old Mutual’s CEO Roberts Steps Down, Hemphill Appointed
Apr 15 2015 // Old Mutual plc’s Julian Roberts is stepping down as chief executive officer of Africa’s biggest insurer and will be replaced by Standard Bank Group Ltd.’s Bruce Hemphill. Roberts, 57, is resigning after...
Lloyd’s of London Offers Wildfire Insurance to Oregon at Higher Rates
Apr 6 2015 // The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover...
Yemen Conflict Adds to Worries for Ships Dodging Pirates, Terror
Mar 30 2015 // When it comes to world trade, a 17-day shortcut trumps terror, piracy and now bombs. That’s the time a supertanker saves by using the Bab el-Mandeb waterway that skirts Yemen at the southern tip of the Arabian...
Catlin Joins London Natural History Museum’s Major Coral Reef Exhibition
Mar 27 2015 // Catlin Group Limited announced that it has joined forces with the Natural History Museum in London to present a major exhibition, which opens today, exploring the importance and beauty of the world’s coral...
Meltdown at RSA’s Irish Unit Laid Bare at Dublin Employment Tribunal
Mar 27 2015 // Philip Smith’s son thought the worst when friends texted him on an evening in early November 2013, saying “sorry to hear about your father.” “He assumed I was dead,” Smith, 47, told an...
StartPoint Adds $25M in Capacity for U.S. D&O Market
Mar 23 2015 // Managing general agency StartPoint has added $25 million in new capacity for the U.S. directors & officers (D&O) insurance marketplace. The complete amount of the capacity is provided by certain syndicates at...
China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
Mar 19 2015 // Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, is vying with Ping An Insurance (Group) Co. to acquire 18 buildings on Berlin’s Potsdamer Platz square, people with knowledge of the matter...
