Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
London Market Single Claims Agreement Launched to Improve Claims Handling
Feb 1 2018 // The London market has launched a simplified system for claims handling in an effort to improve client service and streamline claims agreement across the London market. The Single Claims Agreement is designed “to...
Tokio Marine Kiln Taps Jomaa from CFC as Cyber Underwriter
Feb 1 2018 // Tokio Marine Kiln (TMK), the London-based provider of specialist and corporate insurance, has appointed Alex Jomaa as cyber underwriter. He takes up the role immediately and will report to Laila Khudairi, head of...
EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats
Jan 31 2018 // European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector,...
Sompo International Appoints Marine, Aviation & Energy Leaders in London
Jan 30 2018 // Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and...
London Market’s Placing Platform Comes of Age, by Closing Complex Treaty Facility
Jan 30 2018 // The London market’s electronic placing platform was used to close the Aon Client Treaty facility for 2018, marking a milestone in the platform’s evolution. This is probably the largest and most complex...
Update: UK Boards Begin to Use Their Clout to Push for Diversity & Inclusion
Jan 29 2018 // When the co-founder of a London communications group was invited to pitch for business with a Wall Street firm last November, the offer came with an unusual demand. The document explained that 15 percent of the scorecard...
Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More
Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...
AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’
Jan 23 2018 // American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment
Jan 22 2018 // Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer...
London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA
Jan 22 2018 // Regulatory developments, such as the EU’s new data protection law, will dominate priorities for the London company insurance market in 2018, according to the International Underwriting Association in its annual...
Luxembourg Sees No Reason to Change EU ‘Delegation’ Rules After Brexit
Jan 22 2018 // Luxembourg’s finance minister Pierre Gramegna said on Friday the European Commission should stick to the current rules that allow funds managed in London to be domiciled and regulated in another country. His comments...
London’s Brexit-Related Job Losses Will Be Fewer Than 1st Feared: Policy Chief
Jan 19 2018 // Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU...
EU Will Reap Benefits of London Staying Strong Financial Hub After Brexit: Opinion
Jan 17 2018 // Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much...
AGCS Names Vissing to Succeed Henson as Head of Claims, Regional Unit London
Jan 16 2018 // Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds...
Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study
Jan 11 2018 // What would happen if the U.K. leaves the European Union in March 2019 with no deal on the single market, customs union or transition arrangements? London Mayor Sadiq Khan commissioned a study and the answer was half a...
Qatar Re Authorized by UK Regulator to Underwrite from London Branch Office
Jan 11 2018 // Qatar Reinsurance Co. Ltd. announced it has received authorization from the UK Prudential Regulation Authority to underwrite business from its branch office in London. Michael van der Straaten will lead the branch, in...
UK Prime Minister to Meet Finance Heads to Discuss Brexit’s Threat to London
Jan 10 2018 // Britain’s Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them. There are concerns that...
UK Names Former Accenture Exec to Oversee London Financial Services Industry
Jan 10 2018 // Prime Minister Theresa May has appointed a former management consultant John Glen as the new City minister to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union. Glen, whose...
London’s Brexit-Related Job Losses May Not Be as High as Initially Feared
Jan 8 2018 // British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on Monday. Jeremy Browne, the...
Beazley Names Moy to New U.S. Marine Insurance Underwriting Team
Jan 4 2018 // Specialty insurer Beazley has appointed John Moy as U.S. marine insurance underwriter within its newly- launched U.S. marine platform. Moy will be responsible for underwriting and building the company’s U.S. hull,...
