Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
London Maintains Top Position in Latest Global Financial Centers Index
Mar 26 2013 // According to the latest survey, conducted by the Financial Center Futures team at the London based Z/Yen Group, London, New York, Hong Kong and Singapore remain the top four centers The GFIC’s top 10 financial...
Abernathy Out, Hooper In as CEO In Shake-Up at Cooper Gay Swett & Crawford
Mar 1 2013 // In a major personnel move, global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has appointed Shaun Hooper as president and chief executive officer of its wholesale, reinsurance broking and...
EU Formally Proposes Plans for 11-Nation Financial Trading Tax from 2014
Feb 14 2013 // The European Union’s executive formally proposed on Thursday a tax on financial trading in 11 countries to raise up to €35 billion [$46.7 billion] annually, a step investors said would hit savers and pension...
Insurance Exec. Bathurst to Head Mystic Capital’s London Office
Feb 12 2013 // U.S.-based Mystic Capital Advisors Group, LLC announced thay Andrew Bathurst and Highhurst Consulting Limited are to head its London investment banking initiatives. Bathurst previously served as CEO of Argenta Syndicate...
New MGA Ascent Underwriting Launched in London; Targets Emerging Cyber Risks
Feb 11 2013 // Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting clients ranging from micro businesses to international corporations. The...
Catlin Group’s $339 Million 2012 Profit Less than Forecast as Sandy Loss Widens
Feb 8 2013 // Bermuda-based insurer Catlin said its profit fell short of analysts’ forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck. Catlin, operator of the biggest...
RBS Fined $612 Million for Libor Rate Rigging
Feb 7 2013 // Royal Bank of Scotland will pay $612 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates, and regulators warned there is more to come in the global investigation. RBS...
Ironshore Europe Names Lewis to Lead London Market Healthcare Expansion
Feb 5 2013 // Ironshore Europe Ltd. (IEL) announced that Jamie R. Lewis has joined the company as Senior VP –Healthcare. He will be, working closely with Matt Dolan, the president of IronHealth, and will be responsible for developing...
Syndicates Increasingly Using Lloyd’s China Platform
Feb 4 2013 // “A growing number of syndicates are using Lloyd’s platform by placing their own underwriters in China,” says an article on the Lloyd’s website. “This, along with a license granted in 2012 to...
Hiscox Names 3 Execs in Move to Strengthen London Market Casualty Team
Feb 1 2013 // Hiscox London office announced that it has boosted its London Market casualty offering with the appointment of three senior executives, which it described as a bold move that “will significantly enhance the London...
Xchanging Launches Fees Direct+ Service
Feb 1 2013 // London-based business process, procurement and technology services provider and integrator Xchanging announced that it has launched its enhanced Fees Direct offering,” Fees Direct+,” which is now live and...
Calnan Joins Ironshore Europe to Lead International Offshore Energy Expansion
Jan 11 2013 // Bermuda-based Ironshore Europe Ltd. (IEL) announced that Paul Calnan has been named Senior Vice President Global Offshore Energy, responsible for expanding the Global offshore energy business throughout Ironshore...
Condon Joins Miller’s Reinsurance Team
Jan 2 2013 // UK-based broker Miller Insurance Services LLP announced that Charlotte Condon, an experienced producer and broker of facultative reinsurance, has joined Miller’s reinsurance team in London. This is the latest in a...
Events that Topped World Insurance News in 2012
Dec 28 2012 // While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t...
London ‘City’ Scents Victory in EU Banking Union Deal
Dec 14 2012 // London’s financial center heaved a sigh of relief on Thursday after a landmark deal on Europe’s incipient banking union removed an immediate threat to ‘the City’s’ global position. The text...
Lloyd’s, JLT to Cover Unprecedented Antarctic Winter Crossing
Dec 13 2012 // Lloyd’s of London announced that “broker Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the...
Europe Deepens Union with ECB as Chief Bank Watchdog
Dec 13 2012 // Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro. After more...
Brace to Join Catlin as Group Claims Director
Nov 26 2012 // The Bermuda-based Catlin Group Limited announced that Glenn Brace will join Catlin in early 2013 as Group Claims Director. He will be responsible for Catlin’s worldwide claims operations, including the claims...
Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable
Nov 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company...
Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
