Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Brexit Is Greatest Structural Challenge Facing London Company Market: IUA Chairman
Jul 26 2018 // Brexit is the greatest structural challenge facing the London company market, said the chairman of the International Underwriting Association, Malcolm Newman. The UK’s break from the EU is affecting insurers, brokers...
UK Financial Services Sector to Remain Largely Unscathed from Brexit: Barclays’ Chief
Jul 25 2018 // Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ Chairman John McFarlane...
Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions
Jul 23 2018 // In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders,...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance
Jul 16 2018 // New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers,...
Subrogation Management Firm SubroSmart Opens London Operations
Jul 12 2018 // SubroSmart*, a subrogation management firm, has announced the launch of its London operations, which will be led by George Gager and Chris Lally. The SubroSmart London team brings more than four decades’ combined...
4th Dive-In Diversity & Inclusion Festival to Be Held Sept. 25-27 in 50-Plus Cities
Jul 2 2018 // The fourth Dive In Festival for diversity and inclusion (D&I) in insurance will reach more cities than ever in 2018, marking outstanding growth since its inception in 2015. Events this year will be spread across three...
Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs
Jul 2 2018 // Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there. So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union,...
People
Jul 2 2018 // Cassie Brown has been appointed Commissioner of Workers’ Compensation at the Texas Department of Insurance, Division of Workers’ Compensation. She succeeds Ryan Brannan, who left the division on May 1....
Florida-Based AssuredPartners Acquires B&W Brokers of London
Jun 28 2018 // AssuredPartners Inc., the Lake Mary, Fla.-based insurance broker, has acquired B&W Brokers Ltd. of London. Specializing in providing casualty and property insurance and placing binding authorities, B&W services...
JLT FAC Taps RSA’s Melbourne as Producer; Carpenter’s Vitale as Head of Casualty
Jun 28 2018 // JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy, has appointed two senior executives in London and its U.S. team. In London, Nikki Melbourne will join the firm as partner. She joins from...
Uber Granted 15-Month License to Keep Operating in London
Jun 26 2018 // Uber Technologies Inc. was given an 15-month license to operate in London by a judge after the ride-sharing service worked out most of its differences with regulators. Judge Emma Arbuthnot granted the license in a ruling...
Old Mutual Finishes Restructuring to Focus on S. African Market
Jun 26 2018 // South Africa’s prodigal insurer returned home to a lukewarm welcome on Tuesday. Old Mutual Ltd. started trading its stock in Johannesburg at 28.50 rand before swinging between 28.20 rand and 29.39 rand. The listing...
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...
Uber Girds for Court Battle to Continue Operating in London
Jun 25 2018 // In a TV ad currently airing in the U.K., a young woman leaves a bar alone and prepares to step into an Uber. “I know his license number and he’s made 3,000 trips and speaks four languages,” she says to...
Smith Joins UK’s Miller as Onshore Energy Specialist for North America
Jun 15 2018 // Ryanne Smith has joined London-based insurance broker, Miller, to further strengthen its energy capabilities for North American intermediaries and clients worldwide. Smith specializes in onshore energy. At Miller, she will...
Russia World Cup Insurance Premiums Rise on Risks of Terrorism, Hooliganism
Jun 14 2018 // The risk of terror attacks and damage from hooligans has pushed up premiums for businesses and players buying insurance for the soccer World Cup in Russia compared to the previous event in Brazil, brokers and insurers...
Advent Insurance Management Launches Consultancy Division
Jun 14 2018 // Advent Insurance Management, the insurtech-led Lloyd’s & London market service provider, has launched Advent Insurance Consulting, following the appointment of Parminder Kaur as director. Advent Insurance...
London Market’s Electronic Placing Platform, PPL, Now Trades Aviation Risks
Jun 11 2018 // The London market’s electronic placing platform, PPL Ltd., announced that aviation classes of business went live on the platform on June 11. “With only reinsurance and verticalized placements left to go, this...
London’s Grenfell Tower Fire Report Says ‘Stay Put’ Policy Failed Residents
Jun 7 2018 // Residents of London’s Grenfell Tower were wrongly told to stay in their apartments as fire raged through the high-rise building nearly a year ago, aided by flammable external cladding and a host of fire-safety...
Firefighters Battle London Mandarin Oriental Hotel Fire
Jun 6 2018 // June 6, 2018, 12:45:18 PM —About 120 firefighters are tackling a fire on the roof of the Mandarin Oriental Hotel, which adjoins the luxury One Hyde Park apartment project in Knightsbridge. Twenty fire engines are being...
