Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Pembroke Syndicate 4000 Adds Cyber Endorsement to Investment Management Policy
Jun 6 2018 // Pembroke Syndicate 4000 has developed an endorsement for its Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard...
UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit
Jun 5 2018 // Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government...
Ryan Specialty Completes Acquisition of Lodestar Marine of London
Jun 4 2018 // Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan...
Cyber Reinsurance Underwriting Group Formed for London Market
May 24 2018 // The International Underwriting Association of London (IUA), representing carriers operating in or through London, has formed a group on cyber underwriting specifically for reinsurers. The organization said the move follows...
Inquiry Into London’s Grenfell Tower Fire Underway with Tributes to Victims
May 23 2018 // Survivors of a devastating high-rise fire in London wept Monday as relatives paid tribute to some of the 72 victims at the opening of an inquiry into Britain’s deadliest blaze in decades. The Grenfell Tower inquiry...
Lloyd’s Receives Approval for Brussels Subsidiary
May 23 2018 // Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co. Lloyd’s Brussels will be able to write non-life risks from the European...
Why Lloyd’s Chose Brussels for Post-Brexit Outpost: CEO Beale
May 21 2018 // Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington,...
Global Insurers Reassessing Iran Business In Light of Sanctions Threat
May 20 2018 // Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect...
Insurers Advance Post-Brexit Hub Plans Despite Promises of Transition
May 7 2018 // Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers. The moves come despite...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
May 7 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the...
Chubb CEO Greenberg Is Patient Over M&A But Not With London Market ‘Drunks’
Apr 27 2018 // Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices...
Fitch Affirms Negative Outlook for London Market
Apr 27 2018 // Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting its analysts’ expectation that underwriting results will continue to be pressured by the...
Lloyd’s to End Most Paper Trading by End of 2019
Apr 24 2018 // Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance market in the world...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
Spanish Mayor Offers Gibraltar’s Insurers a Solution for Post-Brexit Access to EU
Apr 19 2018 // A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea on the southern tip of...
U.S. & U.K. Blame Russia for Global Cyber Attacks on Governments, Businesses
Apr 17 2018 // The United States and Britain on Monday accused Russia of launching cyber attacks on computer routers, firewalls and other networking equipment used by government agencies, businesses and critical infrastructure operators...
Markel Revamps Excess Casualty Leadership Team
Apr 16 2018 // Markel Corp. has reorganized the leadership structure of its excess casualty team, the underwriting unit with teams in the U.S., Bermuda, Dublin and London. Matt Mullen and Colin Shaw, both managing directors, Casualty,...
London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
Apr 13 2018 // Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to...
London Market Group Launches Team to Manage Market Services Modernization
Apr 13 2018 // The London Market Group (LMG) announced the launch of London Insurance Market Operations & Strategic Sourcing (LIMOSS) led by Patrick Molineux as managing director. LIMOSS has been established to source and manage the...
London Market Group Appoints Beazley’s Horton as Chair, Succeeding Aubert
Apr 9 2018 // The London Market Group (LMG) announced the appointment of Andrew Horton, CEO of Beazley, as its new chair with effect from May 4, 2018. He will succeed Nicolas Aubert, head of Great Britain for Willis Towers Watson who...
