Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Britain Will Seek to Reset Relations Between City of London and EU
Mar 2 2023 // Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the...
Caribbean Risk Group Launches in London, Partners With Lloyd’s Broker Ramon Int’l
Feb 15 2023 // Caribbean Risk Group LLC. (CRG), the U.S. Virgin Islands-based insurance agency, announced the launch of its London operations, CRG International Ltd. The brokerage in London will act as an appointed representative of...
Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200
Feb 3 2023 // Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this...
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap
Jan 30 2023 // Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new European Union rules to cap energy prices. The new market will offer benchmark Dutch...
London Law Firms Face Reckoning in 2023 After Big Salary Hikes This Year
Dec 28 2022 // London’s biggest law firms paid generously to secure the brightest young recruits they could this year. Meeting those salary pledges next year will be a lot tougher with revenues from deal making expected to slow...
City of London Workers Pushing for Cross-Border Remote Working: Survey
Dec 15 2022 // Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible work isn’t abating. The UK government, which launched a review into...
People Moves: Chubb Global Mkts Promotes O’Brien to Head of Cargo; AXIS Promotes Maher to Head of Cyber and Technology, London
Dec 9 2022 // Chubb Global Mkts Promotes O’Brien to Head of Cargo Chubb announced the appointment of Alex O’Brien as head of Cargo for Chubb Global Markets (CGM), the company’s London Market wholesale and specialty...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...
Lloyd’s of London Estimates Claims From Hurricane Ian of US$2.3B-US$3B
Nov 21 2022 // Lloyd’s announced that the market’s claims from Hurricane Ian are estimated to be in the range of US$2.3 billion – US$3 billion, net of reinsurance, based on Q3 data provided by Lloyd’s...
Financial Services Executives Toast City of London’s Prospects Under PM Sunak
Oct 31 2022 // When senior figures from the City of London gathered for a dinner in July at the historic Mansion House, they broke into applause for someone who was not there. John Glen had just resigned as the government’s City...
Making London’s Financial Center a ‘Wild West’ Would Be Self-Defeating: BoE’s Woods
Oct 28 2022 // Turning the City – London’s financial district – into a “Wild West“ to attract more business after Brexit would be self-defeating as maintaining financial stability is key to competitiveness,...
Louisiana’s Donelon Traveling to London to Meet With Lloyd’s
Oct 24 2022 // The Louisiana Department of Insurance (LDI) announced Commissioner Jim Donelon is traveling to London this week to meet with leaders from Lloyd’s of London (Lloyd’s) and the International Underwriting...
Bank of England and City of London Square Off Over Financial Services’ Reforms
Oct 19 2022 // A plan to give the British government power to override watchogs would raise “serious concerns” about the ability of regulators to oversee the City as a global financial center, Bank of England Deputy Governor...
People Moves: Lockton Re Taps CyberCube’s Brew for London Cyber Practice; Howden Hires Tysers Godfrey for Equine Division; Carpenter’s Delegated Authority Unit Hires 3
Oct 19 2022 // This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy Carpenter’s delegated authority unit. A summary of these new...
CFC Launches Innovation Hub in London
Oct 6 2022 // CFC, the specialist managing general agent, announced the launch of a dedicated Innovation Hub. Located in new premises on Whittington Avenue in the City of London, CFC’s Innovation Hub will act as CFC’s...
MGA Arcadian Risk Capital Gets Regulatory Approval for London, Dublin Companies
Oct 4 2022 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020” announced that it has received regulatory approvals for new London and Dublin companies. Arcadian UK...
UK Bond Market Crash Takes Shine Off Plans to ‘Unshackle’ City of London
Oct 4 2022 // Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her “Big Bang” plan for...
Louisiana Governor to Meet With Lloyd’s of London
Sep 29 2022 // As Louisiana continues to be plagued by a spiraling insurance crisis, with insurers leaving the state and canceling homeowner policies as thousands of claims remain unpaid following a series of hurricanes, Gov. John Bel...
Bank of England Won’t Take ‘Risky Bets’ to Boost City of London’s Competitiveness
Sep 27 2022 // The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on...
People: IQUW Taps Lancashire’s Warburg as Head of Reinsurance, London; Gallagher Re Names Swiss Re’s Choniski as Head of Embedded Insurance
Sep 15 2022 // IQUW Taps Lancashire’s Warburg as Head of Reinsurance, London Property and specialty re/insurer IQUW has named Dan Warburg as its new head of Reinsurance, London. Based in London, he will report to Steven Tebbutt,...
