Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
ACORD Releases Data Messaging Standard to Support London-Market Modernization
Sep 7 2023 // ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance
Sep 7 2023 // The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by 225 billion pounds ($281...
AstraZeneca Faces 2 London Lawsuits Over COVID-19 Vaccines
Aug 24 2023 // AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in...
Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds
Aug 24 2023 // A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto. Arion Kurtaj,...
People Moves: Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution; Chubb Appoints Kopp to Lead Far East Region, Mo for Korea
Aug 21 2023 // This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows here. Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution Alastair...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case
Aug 8 2023 // Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More...
Mining Giants BHP, Vale Face Off in London Court Over Brazil Dam Damages
Jul 13 2023 // Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and financial responsibility in a potential 36 billion pound ($47 billion) lawsuit stemming from Brazil’s worst...
UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London
Jul 11 2023 // Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit,...
London Is Falling Down — Because of Climate Change
Jul 10 2023 // Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history. The nation has been experiencing prolonged periods of drought after wet winters since last year. That’s...
UK Cybersecurity Officials Investigate Data Breach Affecting London Hospitals
Jul 6 2023 // British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the disclosure of confidential documents online. A gang of Russian-speaking cybercriminals known as...
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President
Jul 5 2023 // This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver...
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...
