Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
RSG Hires Peeters to Head New London MGA
Nov 13 2014 // Ryan Specialty Group (RSG), the global specialty insurance services business based in Chicago, has announced the appointment of Mark Peeters as CEO of a new London-based managing general agent (MGA) specializing in...
Old Mutual to Invest in African Acquisitions as Sales Slow
Nov 5 2014 // Old Mutual plc, Africa’s biggest insurer, has 4.3 billion rand ($386 million) for acquisitions on the continent, where growth rates higher than advanced countries may help boost sales after third-quarter growth...
Hedge Funds Move Into Catastrophe Reinsurance
Oct 29 2014 // Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as...
Ryan Specialty Hires McKenna in London for MGA Strategy
Oct 28 2014 // Ryan Specialty Group (RSG), the specialty insurance services business based in Chicago, has hired Peter McKenna in a new senior role to oversee the development of the company MGA strategy in the UK market. McKenna, who...
Kentucky OxyContin Case Against Purdue Pharma Leads Fight Over Opioid Abuse
Oct 22 2014 // No one rises as Circuit Judge Steven Combs enters his courtroom in Pikeville, Kentucky. Combs wears a white shirt and yellow tie, no robe. Lawyers approach the bench as their cases are called, shake the judge’s hand...
Hardy Promotes Wright in Asia; Hires Bond and Osorio in London
Oct 21 2014 // Hardy Underwriting Asia Pte Ltd (Hardy Asia), a subsidiary of CNA Financial Corporation, has promoted Chris Wright as director and principal officer for Hardy Asia. (Hardy is a specialist underwriting business operating...
Brokers Willis Group, Miller Talk Merger of Wholesale Brands
Oct 20 2014 // Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting wholesale brokerage firm would trade under the Miller brand, governed and regulated...
P/C Insurers Rush to Meet Rising Demand for Cyber Insurance
Oct 9 2014 // Insurers flush with capital are rushing to grab part of an expanding cyber coverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. and Home Depot Inc. Sales are set to double this...
Lloyd’s CEO Expects Cyber Insurance Surge
Oct 8 2014 // Lloyd’s of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & Co. and Home Depot...
Willis Re Strengthens Turkish Expertise with Gras Savoye Agreement
Sep 22 2014 // Willis Re announced that it has strengthened its expertise in the Turkish market by entering into an agreement with Gras Savoye Turkey. Kemal Kurklu has joined Gras Savoye as Executive Director-Treaty Reinsurance in...
‘Minimal’ Insurance Effect If Scotland Exits U.K., Says Lloyd’s of London Chair
Sep 15 2014 // Lloyd’s of London Chairman John Nelson said several years of uncertainty will follow if Scotland leaves the U.K. “The immediate effect would be a period of perhaps two years of uncertainty,” said Nelson,...
UK to Issue First Renminbi Bond; Lloyd’s of London Gets OK for Beijing Branch
Sep 15 2014 // Britain will become first Western government to issue an offshore bond in China’s renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world’s...
London Financial Leaders Weigh Risks of Scotland Shock
Sep 12 2014 // As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Six days before a referendum that could see Scotland ending its 307-year political bond with the...
Catlin Appoints Two Chief Underwriting Officers for London Hub
Sep 9 2014 // Paul Greensmith and Jonathan Gale have been appointed chief underwriting officers for Catlin Group Limited’s London hub, with primary responsibilities including insurance and reinsurance, respectively. Greensmith...
Coverholders Playing Greater Role in Lloyd’s Global Expansion
Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...
BP Gross Negligence Ruling a Warning to Big Oil and Partners
Sep 5 2014 // A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more...
Edinburgh Defying Finance Doomsayers over Scottish Independence
Sep 5 2014 // For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might...
Kaufman Financial Group Acquires Marine & Energy Broker Oval International
Sep 3 2014 // The H.W. Kaufman Financial Group has announced the “purchase of London-based Oval International, a Lloyd’s broker that is globally recognized for placing complex marine and energy risks.” Kaufman...
Aon Benfield Secures Reinsurance Capacity for AEGIS Cyber Offering
Aug 29 2014 // Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a...
Amlin First-Half Profit Drops as Catastrophe Losses Widen
Aug 18 2014 // Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to £148.5...
