Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Why Did It Take a Pandemic to Drive Electronic Placement in the London Market?
Jul 5 2023 // Electronic placing in the London market was a long time coming, with many obstacles to overcome – It took the pandemic to prove electronic placement is a benefit not a threat and, now it’s here to stay, we’re...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs
Jun 30 2023 // The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance policy. The dispute is...
UK Regulators Urged to Help Keep London Competitive, Using New Post-Brexit Remit
Jun 30 2023 // Britain’s regulators must push ahead with applying their new post-Brexit remit to help keep the country’s financial sector globally competitive, industry officials said on Thursday. After Britain’s...
London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears
Jun 22 2023 // The London Metal Exchange failed to investigate a large nickel position held by China’s Tsingshan that sparked a chaotic surge in prices and billions of dollars of canceled trades, lawyers told a London court on...
London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told
Jun 21 2023 // The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save” China’s Tsingshan, lawyers for two financial firms suing the exchange told...
People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Names Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired
Jun 20 2023 // This edition of International People Moves details appointments at Liberty Specialty Markets and Guy Carpenter. A summary of these new hires follows here. Liberty Specialty Markets Names AXA XL’s Prato as London...
London’s Excel Centre Wins Insurance Ruling on COVID-19 Biz Interruption Losses
Jun 19 2023 // The owners of London’s ExCel conference center on Friday won a court ruling against insurers, including Royal & Sun Alliance, over pandemic-related losses, which its lawyers said could affect hundreds of...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative
Jun 15 2023 // This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new hires follows here. Howden Hires 3 for Casualty Team in London, Bermuda Howden, the...
London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims
Jun 14 2023 // A London court has ordered a British-registered company to pay more than 800,000 pounds ($1 million) in damages to victims of the 2020 blast at Beirut’s port, a lawyers group in Lebanon said on Monday, in the first...
Verisk Buys London-Based Morning Data, an End-to-End-Processing Supplier
May 30 2023 // Verisk, a leading global data analytics and technology provider, has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents (MGAs) in London and across the globe. The...
Lloyd’s of London CEO Neal Calls for Rethink of UN Climate Alliance Rules
May 25 2023 // A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some...
London Court Throws Out Lawsuit Against Google Over Medical Records
May 19 2023 // Google on Friday defeated a lawsuit brought on behalf of 1.6 million people over medical records provided to the U.S. tech giant by a British hospital trust. The Royal Free London NHS Trust transferred patient data to...
London Judge Dismisses Lawsuit Accusing Shell Board of Climate Failures
May 15 2023 // A London judge dismissed a lawsuit accusing Shell Plc’s board members of failing to manage climate change risks. In a decision published Friday the judge threw ClientEarth’s suit out before a full hearing as...
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
Mar 30 2023 // Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up
Mar 23 2023 // Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on Thursday. The pre-tax loss was 800 million pounds ($982.56 million), compared with a profit of 2.3...
Google Asks London High Court to Throw Out Lawsuit Over Medical Records
Mar 22 2023 // Google asked London’s High Court on Tuesday to throw out a lawsuit brought on behalf of 1.6 million people over medical records provided to the tech giant by a British hospital trust. The Royal Free London NHS Trust...
People Moves: Tokio Marine Boosts UK Trade Credit Division With Underwriting Hires From Atradius, Coface; BHSI Promotes Ruddlesdin to Head of PI & Cyber in London
Mar 20 2023 // This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius,...
London Market Insurers Publish Guidelines for Marine Casualty Claims
Mar 17 2023 // New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective communication between...
Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse
Mar 16 2023 // Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental disaster after the number of claimants more than tripled to 700,000, their lawyers...
London Cyber Decoys Attacked 91 Million Times in January by Over 101,000 Hackers
Mar 3 2023 // Computers specially configured to make cyber criminals think they were small businesses operating in London were attacked by hackers over 2,000 times every minute this January. The computers – called...
