Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England
Oct 9 2018 // The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies. The EU has made...
Brexit Countdown: UK-EU Divorce Talks Reach Stalemate
Oct 9 2018 // Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London...
Driverless Ships Could Offer Significant Growth Area for London Market: IUA Survey
Oct 8 2018 // Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 percent of IUA members who...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit
Oct 5 2018 // After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown. Daniele Nouy, the European Central Bank’s...
Guy Carpenter Taps O’Brien from Marsh as Head of Cyber Centre of Excellence
Oct 1 2018 // Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1. Based in London, O’Brien will...
AXIS Insurance International Names Cullum to New Role, Head of Business Development
Sep 27 2018 // AXIS Insurance, the insurance business segment of AXIS Capital Holdings Ltd., announced that Paul Cullum has been appointed to the newly created role of head of Business Development for AXIS Insurance International...
As Brexit Day Nears, 630 UK Financial Services Jobs Have Shifted to EU, Reuters Finds
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European...
Lloyd’s Modernization Plans Move Full-Steam Ahead
Sep 17 2018 // From Electronic Placing to Artificial Intelligence: Lloyd’s America CEO Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker,...
Brexit Knocks London Off Its Top Financial Center Perch; New York Benefits
Sep 12 2018 // New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global...
Sompo International Launches Luxembourg-Based Subsidiary SI Insurance (Europe)
Sep 5 2018 // Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe). SI Insurance (Europe) is headquartered in...
Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited
Sep 4 2018 // London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate...
EU Action Needed to Ensure Post-Brexit Continuity of Cross-Border Insurance: UK
Aug 23 2018 // Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government...
UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report
Aug 21 2018 // In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit,...
No-Deal Brexit: A Lose-Lose for UK and EU Financial Stability
Aug 20 2018 // With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the U.K.’s departure in March would also be bad for the European Union. Such an outcome...
ACORD Launches Data Toolkit for London Market Reinsurance, Big Commercial Risks
Aug 17 2018 // ACORD, the global standards body for the insurance industry, has launched an Adoption Toolkit to support the application of data standards for global reinsurance and large commercial risks in the London market. “The...
StarStone Launches Casualty Consortium for Australia, New Zealand Markets
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...
Capsicum Re’s Cyber Team Taps Paragon’s Goring as Broker, BMS’ Naidu as Wordings Director
Aug 15 2018 // Capsicum Re, the London-based specialist reinsurance broker, announced two new hires to its cyber division. Jasper Goring joins as a cyber broker and Prab Naidu was appointed as wordings director, both with immediate...
London Market Group Appoints JLT Specialty’s Lebecq as CEO
Aug 3 2018 // London Market Group (LMG) has appointed of Clare Lebecq as CEO. Lebecq, who will take on the role on a permanent basis, will start on Nov. 1 and replaces Chris Beazley, who will return to MS Amlin as CEO of their Swiss...
Munich Re Specialty Names Hennessy to Lead U.S. Expansion
Aug 1 2018 // Munich Re Specialty Group Ltd. (MRSG) of London is expanding its underwriting platform in North America and has tapped John Hennessy to lead the initiative. Hennessy was named president and chief executive officer of MRSG...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources
Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...
