Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
London Taxis Try to Cut-Off Silicon Valley’s Uber Car Service
Jun 6 2014 // They have been the kings of the British capital’s roads for over a century but now the often opinionated drivers of London’s iconic black taxi cabs are battling a high-technology rival that threatens their...
Gibbs Appointed Managing Director of Cooper Gay Marine
May 20 2014 // London-based broker Cooper Gay & Co Ltd has announced the appointment of Charles Gibbs as Managing Director, Marine, within the Marine and Aerospace Division, effective immediately. He will have overall responsibility...
Marsh’s Gibbs Joins Cooper Gay Marine Division in London
May 15 2014 // Cooper Gay in London has appointed Charles Gibbs as managing director of marine, within the firm’s marine and aerospace division. Gibbs will have overall responsibility for the company’s marine hull business,...
Mullis Joins Miller in London
May 14 2014 // Tim Mullis has joined Miller Insurance Services in London to produce accident and health treaty reinsurance business. Mullis has 30 years’ insurance market experience, almost exclusively in production and broking. He...
‘Inhance’ Launched to Plug Re/Insurers’ Cat Loss Information Gaps
May 7 2014 // Lloyd’s Old Library was the setting yesterday for the launch of inhance, a new product designed to close gaps in existing models that continue to expose re/insurers – and companies – to unexpected catastrophe...
UK’s Saga Confirms Plan to Sell Shares in London IPO
Apr 30 2014 // Saga Plc, which provides insurance and holidays to Britain’s over-50s, confirmed earlier reports that it will sell shares in an initial public offering as its private equity owners cut their stakes. The company...
EU Exit Could ‘Wreck’ London as Financial Capital, Says City Lobby Group
Apr 29 2014 // If the UK exits the European Union, it could wreck London’s position as the only financial center to rival New York and isolate the country’s economy, research ordered by a lobby group for banks and money...
UK Insurer Saga Could Announce $5 Billion IPO Next Week
Apr 24 2014 // British over-50s insurer Saga is planning to announce its intention to float next week in a London stock market debut that could value the company at £3 billion ($5.1 billion), two sources familiar with the matter said on...
Endurance Appoints Housley as Global Property Insurance Leader
Apr 22 2014 // Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in...
London-Based MGA Nexus Forms New Specialist Product Line
Apr 15 2014 // The London-based Nexus Group, a Managing General Agency (MGA) announced the formation of a new specialist product line covering a wide range of accident, sickness and travel insurance, written on a direct and facultative...
Willis Strengthens Capital Markets Unit in Asia, London
Apr 14 2014 // Willis Group Holdings plc announced two key appointments to further strengthen its capital markets division, Willis Capital Markets & Advisory (WCMA). Rui Huang joins Willis as Senior Vice President. He is based in...
Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s
Apr 10 2014 // Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more...
London’s Office Boom Revives Talk of Building Tallest Skyscraper
Apr 9 2014 // A plan to build a skyscraper near Liverpool Street railway station, slated to be the tallest in the City of London, may be revived this year as rising occupancy rates in the financial district draws investors, according to...
Dubai Sees Another Boom on Horizon, Promises Prudent Management
Apr 9 2014 // Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of...
Apollo, CVC Raise $398.5 Million in Brit Insurance IPO
Mar 28 2014 // Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of Brit Plc, a Lloyd’s of London insurer. The two private equity firms, along with...
Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370
Mar 27 2014 // Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The...
London Market Group Chairman Steve Hearn Sets 2014 Agenda
Mar 25 2014 // Steve Hearn, Deputy CEO of Willis Group and Chairman of the London Market Group, has launched the organization’s 2014 agenda. Addressing an audience of senior market figures in the Willis Auditorium, he announced...
Best Affirms Markel Int’l., Lloyd’s Syndicate 3000 Ratings
Mar 24 2014 // A.M. Best has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company Limited (MIICL) and Lloyd’s...
New York Regains Title As World’s Top Financial Center
Mar 17 2014 // New York replaced London as the world’s leading financial center for the first time, after the U.K. capital was rocked by a series of scandals and questions over the U.K.’s place in the European Union. New York...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
