Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Price Forbes Launches U.S. Healthcare Practice Headed by JLT Hires
Oct 15 2019 // London-based specialty broker Price Forbes has launched a U.S. healthcare practice headed by market veterans Paul Voller and David Fairbank, who are joining from JLT Group. Based out of London the practice will focus on...
Finance District Leader Calls Brexit a ‘Moment of High Risk’ for London
Oct 15 2019 // Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number...
London Retains Status as Top Global Financial Services Center, Despite Brexit Chaos
Oct 15 2019 // From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with...
London Company Market Premiums Rise by 8.1% in 2018 to £28.4B ($34.7B)
Oct 10 2019 // Gross written premiums written by the London company market have increased by 8.1% to £28.437 billion ($34.7 billion) in 2018, according to a report published by the International Underwriting Association (IUA) Gross...
Aon’s Reinsurance Solutions Business Launches Global Wholesale Committee
Oct 9 2019 // The Reinsurance Solutions business of Aon plc has established a Global Wholesale Committee based in London. The committee has been formed to further enhance client services and further cultivate the firm’s...
Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge
Oct 9 2019 // A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. In 2011, Marios Iliopoulos lured the...
Google Faces $3.9B iPhone Privacy Lawsuit After London Court Reinstates Case
Oct 3 2019 // A U.K. lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case. The group, known as...
Lloyd’s Reveals Blueprint to Build ‘Most Advanced Insurance Marketplace’
Sep 30 2019 // Lloyd’s of London has unveiled a blueprint for action to facilitate its Future at Lloyd’s project, which aims to “build the most advanced insurance marketplace in the world.” This first blueprint,...
London Market’s Early Modernization Program, LM TOM, Is Being Wound Down
Sep 30 2019 // The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been wound down in its current form, having delivered the majority of proposed solutions, which are now in...
Wholesale Broker H.W. Kaufman Buys U.K. MGA and Cyber Specialist Node International
Sep 30 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and...
EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31
Sep 27 2019 // The European Union is rapidly losing faith that U.K. Prime Minister Boris Johnson can deliver a divorce deal by the Oct. 31 deadline, as Brexit talks stumble. EU officials view Johnson’s inflammatory rhetoric against...
AIG Taps Eccles from Argo, Langdon from Chubb for Senior Global Specialty Roles
Sep 26 2019 // American International Group, Inc. announced the appointment of two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of Aerospace, General Insurance. James Langdon will join AIG as...
Uber Must Show London Regulator Its Drivers Are Insured, Trained, for License Renewal
Sep 25 2019 // Uber Technologies Inc. has been granted a two-month license to operate in London as the ride-hailing app makes stuttering progress in winning over the city’s regulator. Transport for London had previously declined to...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment
Sep 24 2019 // Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail
Sep 20 2019 // By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer...
Lloyd’s Returns to Profit in 1st Half After 2 Full Years of Losses
Sep 18 2019 // Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds...
MS Amlin Names Beazley as Head of Reinsurance, Replacing Few Who Joins TigerRisk
Sep 4 2019 // Global re/insurer MS Amlin announced that Chris Beazley, CEO of MS Amlin AG, will be expanding his leadership role to include all of MS Amlin’s reinsurance business with immediate effect. Beazley takes over the...
UK Finance Minister Tells Executives Finance Sector Is His Priority as Brexit Nears
Sep 3 2019 // British finance minister Sajid Javid told representatives of the country’s financial services industry on Monday that the sector was a top priority for him as the country prepares to leave the European Union, a...
Brexit Is Moving £61 Billion in London Insurance Business to Rival Financial Centers
Sep 3 2019 // London’s outsized role in the global insurance industry is being whittled down by Brexit. As much as 61 billion pounds ($75 billion) of business is shifting to rival financial centers in the European Union as a...
