Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Being Independent, Nimble and Niche: Keys to SSL Endeavour’s Aim to Put Clients First
Feb 6 2019 // By creating an innovative and nimble operating platform, SSL Endeavour, London-based Lloyd’s broker, aims to attract and retain the best entrepreneurial brokers who are freed up to create innovative client solutions,...
UK’s Financial Services Industry Still Unscathed from Brexit Uncertainty: Reuters
Feb 5 2019 // Britain’s financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit...
AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty
Jan 31 2019 // It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out...
London’s Electronic Placing Platform PPL Announces Updates, Enhancements
Jan 28 2019 // The London market’s electronic placing platform, PPL Ltd., announced a platform update. PPL said the new release includes: An enhancement so the broker can now select multiple stamps for facilities. The underwriter...
Metals Financing Fraud Lawsuits Reveal Risks of Relying on Paper Receipts
Jan 28 2019 // When the man running one of London’s biggest metals brokerages found a new client who wanted to finance large volumes of nickel held in warehouses in Asia, he thought the deal promised major rewards. Less than a year...
BHSI Expands into UK-Ireland Property Construction, Taps Scor’s Seamer to Lead Team
Jan 18 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding into the property construction insurance market in the UK and Ireland and has appointed Simeon Seamer to lead the effort as head of Property...
Guy Carpenter Forms New Division, Makes Post-JLT Merger Leadership Appointments
Jan 17 2019 // Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of...
Brexit Update: City of London Prepares for Worst, Hopes for Best
Jan 17 2019 // Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the...
Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)
Jan 14 2019 // Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more...
London’s Heathrow Briefly Halts Flights After Drone Sighting
Jan 8 2019 // The Heathrow airport was partially shut for more than an hour after drone sightings near runways raised safety concerns, the second time in a month a London airport had to suspend flights because of dangers from modern-day...
Dubai International Financial Centre Plans Massive Expansion Project
Jan 8 2019 // Dubai plans to triple the size of its financial district, adding an area almost the size of London’s Canary Wharf, even as the emirate faces slower growth and rising competition from neighboring banking hubs. The...
Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk
Jan 8 2019 // Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a...
Ineffective Anti-Drone Systems Leave U.S. Airports Facing Risks Like London’s
Dec 27 2018 // U.S. airports may be just as vulnerable as London’s Gatwick airport to the kind of illegal drone incursions that shut down the U.K.’s second-busiest hub this week. Counter- drone technology performed so poorly...
Miller Completes Acquisition of London Re/Insurance Broker Alston Gayle
Dec 21 2018 // Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens...
London’s Gatwick Airport Reopens After Drones Cause 36 Hours of Travel Chaos
Dec 21 2018 // London’s Gatwick Airport reopened on Friday after a saboteur wrought 36 hours of travel chaos for over a hundred thousand Christmas travelers by using drones to play cat-and-mouse with police snipers and the...
London’s Gatwick Airport Suspends Flights on Multiple Drone Sightings
Dec 20 2018 // London’s Gatwick airport is closed to aircraft following multiple sightings of illegal drones, disrupting flights for as many as 115,000 people on one of the busiest travel days of the year. Lines of passengers...
UK Fintech Startup Revolut Gets EU Banking License in Lithuania
Dec 13 2018 // Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of...
Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London
Dec 12 2018 // Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England,...
Brexit to Cause Irreversible Damage to UK Financial Services, Say Industry Leaders
Dec 12 2018 // Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and...
WTW Taps Rowley from Brit, Harvey from Aon to Boost London P/C Arm
Dec 11 2018 // Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty...
