Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus
Sep 8 2022 // Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs as UK inflation hits multi-decade highs. John Neal, chief executive officer at the insurance...
UK Government to Pursue ‘Big Bang 2’ Reforms for City of London: New Chancellor
Sep 8 2022 // Kwasi Kwarteng, the UK’s new chancellor of the exchequer, said the government will pursue sweeping financial reforms to unleash growth and competitiveness at a meeting Wednesday with industry leaders. The aim is to...
New UK Prime Minister Promises to ‘Unshackle’ City of London
Sep 6 2022 // Liz Truss becomes Britain’s prime minister on Tuesday after a campaign in which she promised to “really unshackle” the City of London by making the most of Brexit in the 164-billion-pound ($192 billion)...
London’s Financial Services Firms See Potential in Liz Truss’ ‘Radical’ Policies
Sep 1 2022 // After an international career in finance, a rapid political rise and high profile as chancellor of the exchequer during the pandemic, Rishi Sunak must have expected the full-throated backing of the financial sector when he...
London Workers Could Save Money by Returning to Offices as Bills Soar: Research
Aug 17 2022 // City of London workers looking to save money may want to embrace the office over winter as the cost of working from home soars alongside energy bills. Those prepared to go into the office every day could save about £50...
London Insurance Sector Readies $50M Ukraine Grain Cargo Cover
Aug 4 2022 // The London insurance sector is preparing to cover Ukrainian grains and fertilizer shipments through a secure corridor, voyages that may need up to $50 million of insurance cover per cargo, industry sources involved said on...
Barclays Hit With Race Discrimination Claims in London
Jul 29 2022 // Barclays Plc was hit with three discrimination claims in London from Black bankers who accused the lender and colleagues of treating them unfairly because of their race, after they raised concerns about internal business...
Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor
Jul 29 2022 // Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway....
London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain
Jul 25 2022 // London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the...
Lloyd’s Prefers to Stay in Landmark London Headquarters, With the Right Terms
Jul 11 2022 // Lloyd’s has decided to stay in its landmark headquarters building at One Lime Street in London – as long as it receives acceptable terms for the renewal of its lease. In January, the market reportedly was...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office
Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for overseeing underwriting, delegated authority management, claims and the...
UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo
Jul 7 2022 // City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms aimed at boosting competition and growth. The resignations of Chancellor Rishi Sunak and...
Mosaic Expands Summer Intern Program for Students in Bermuda, New York, London
Jun 29 2022 // Mosaic Insurance has welcomed its second year of summer interns, expanding the program to include students at its Bermuda, New York, and London offices. Skyler Powell, 20, is working as a Communications, Marketing &...
Markets/Coverages: Skyward, InShare Offer Gig Accident Cover; London Underwriters Adds Slice; Hippo Grows Mortgage Channel
Jun 23 2022 // InShare and Skyward Target Gig Driver Firms With Accident Insurance Managing general agent (MGA) InShare and Skyward Specialty Insurance Group Inc. announced the launch of an occupational accident insurance offering for...
City of London Workers Still Haven’t Returned to Offices at Pre-Omicron Levels
Jun 13 2022 // City of London workers are yet to return to the financial heartland in numbers seen before the spread of the omicron variant. About 60% to 70% of City employees are back at their desks, according to data compiled by...
Hybrid Work Is Here to Stay for London Staff Who Don’t See Return to 5-Day Office Week
Jun 9 2022 // The verdict is in: Londoners enjoy and value working from home and don’t see a future that includes a return to the old five-day office week, no matter what politicians, their bosses or the media say. Almost 80% of...
Hedge Fund Elliott Sues London Metal Exchange for $456M Over Nickel Trading Halt
Jun 7 2022 // U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for canceling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on...
People Moves: AGCS Promotes Major for Claims – London & Nordics; Conduit Re CRO’s Role Expands to Include Climate Initiatives; WTW Names Keville Head of FINEX GB FI
May 18 2022 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Conduit Re, and Willis Towers Watson (WTW). A summary of these announcements follows here. AGCS Promotes...
Rise of Remote Work to Define Future of City of London
May 18 2022 // More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to pre-pandemic norms. The demand for a new...
People Moves: Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Re; SiriusPoint Taps AXA XL’s Pascall as Head of London and Int’l Casualty
May 17 2022 // This edition of International People Moves details appointments at Liberty Mutual Re and SiriusPoint. A summary of these new hires follows here. Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Reinsurance Alice...
