Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Guy Carpenter Promotes Reina to CEO Continental Europe, MENA
Mar 5 2014 // Guy Carpenter has announced that Massimo Reina has been promoted to the position of CEO of Continental Europe and MENA [Middle East/North Africa], with immediate effect. He succeeds Peter Stubbings, who has taken up the...
RSA’s CEO Hester Taps Buffett for Reinsurance; Confirms Share Sale
Feb 28 2014 // After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in...
Hardy Underwriting Appoints Brosnan to Replace Merry as Chief Executive
Feb 20 2014 // Hardy (Underwriting Agencies) Limited, a specialist London-based re/insurance underwriting business, announced the appointment of David Brosnan as its chief executive. He has also been appointed to serve on the Hardy Board...
EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London
Feb 19 2014 // London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of...
Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance
Feb 19 2014 // Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been...
U.K. Towns Face More Floods as Insurer Losses Estimated at $1.6 Billion
Feb 11 2014 // Waterlogged towns on the River Thames west of London braced for more floods as rains persisted across southern England and Deloitte LLP said the storms may cost insurers £1 billion ($1.6 billion) by April. The Environment...
Catlin Group Increases Net Income to $392 Million in 2013
Feb 10 2014 // The Bermuda-based, London headquartered, Catlin Group announced very good financial results for the year ended December 31, 2013, with a 27 percent increase in profit before tax to $432 million, compared to $339 million in...
