Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer
May 19 2016 // XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In...
Longhurst Named Broking & Distribution Director for Towergate London Markets
May 18 2016 // Towergate Insurance has appointed Paul Longhurst as Broking and Distribution director of Towergate London Markets. Longhurst joins Towergate from Bluefin, where he has been London market broking director for 25...
Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader
May 13 2016 // Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has...
London Company Market Concerned About Loss of Single Passport if UK Exits EU
May 5 2016 // Membership of the European Union provides insurers with substantial benefits and London Market companies would be significantly damaged if they were lost, according to the International Underwriting Association...
CSC Completes Acquisition of UK’s Xchanging
May 5 2016 // CSC, the TYSONS, Va.-based technology solutions and services provider, announced it has completed the acquisition of Xchanging plc. “CSC and Xchanging together will create a leader in technology and business process...
Volvo to Launch Autonomous Driving Trial in London in 2017
Apr 28 2016 // Swedish car maker Volvo will begin an autonomous driving trial in London in 2017. Called “Drive Me London,” the UK trial will use real families in semi-autonomous cars. Starting with a handful of AD cars next...
Obama Makes Impassioned Appeal for Britain to Stay in European Union
Apr 22 2016 // U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward...
Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...
‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney
Apr 20 2016 // The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney. The governor of the Bank of England — the de facto custodian...
Advent Solutions to Create $100M Business in Global Delegated Authority Market
Apr 19 2016 // Advent Solutions Management, the specialist provider of support services for start-ups, entrepreneurs and managing general agents, announced plans to create a multi-discipline insurance business with gross assets of US$100...
London-Based Markel International Simplifies Structure of Wholesale Business
Apr 14 2016 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has simplified the structure of its wholesale business, reducing the number of operating divisions from seven to three. These three...
Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch
Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report. London market insurers...
London MGA, Pardus, Raises £1.6M ($2.3M) to Facilitate Next Phase of Growth
Apr 7 2016 // Pardus, the London-based independent managing general agency (MGA), announced the completion of a £1.6 million ($2.3 million) capital raising, which attracted a variety of new private investors into the business. Pardus...
‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors
Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...
Novae Launches Construction Unit with Appointment of Cross
Apr 4 2016 // Novae Group plc, the specialist listed Lloyd’s insurer, announced that Steve Cross has joined as unit head – construction. He is based in London and reports to Stuart Heath, divisional head of property. Cross...
‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey
Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...
London-Based Chubb Global Markets Announces Lineup of Management Team
Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately. As previously announced, Matthew Shaw will serve as...
Mauritius-Based Reinsurance Solutions Launches London Subsidiary
Mar 22 2016 // Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in...
Chubb Names Claims Management Team in Europe
Mar 22 2016 // Chubb announced a number of appointments within its claims management team in Europe, with immediate effect. All the following positions will report to Peter Murray, director of claims for Chubb in Europe and will be based...
Burns & Wilcox Opens New Office in Orlando, Siegel to Lead
Mar 18 2016 // Burns & Wilcox has opened a new office in Orlando, Fla., extending the company’s footprint to three locations in Florida, which also include Daytona Beach and Tampa. Burns & Wilcox has operated in Florida for...
