Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Mass London Lawsuit Against Apple Over iPhone Batteries Can Proceed, Tribunal Rules
Nov 2 2023 // Apple Inc. on Wednesday lost a bid to block a mass London lawsuit worth up to $2 billion which accuses the tech giant of hiding defective batteries in millions of iPhones. The lawsuit was brought by British consumer...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture
Oct 31 2023 // Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture, in a test of investor appetite for new stocks. The special purpose acquisition company...
Marsh & McLennan Cos. Intends to Delist From London Stock Exchange
Oct 30 2023 // Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan explained the action by saying that the majority of trading in the company’s securities...
People Moves: Marsh Names Thurston CEO, UK Risk Mgmt; Lockton Hires Parle, Patrick and McKay in London; MS Amlin Promotes Cleary to Head of Crisis Mgmt
Oct 24 2023 // This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires follows here. Marsh Names Thurston CEO, UK Risk Mgmt, Mistry as CEO of FINPRO Marsh, the...
UK Broker Jensten Acquires London-Based Berns Brett
Oct 23 2023 // Jensten, the London-based independent insurance broking and underwriting group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in...
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Sep 22 2023 // Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding...
‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis
Sep 20 2023 // When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Sep 7 2023 // Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate...
ACORD Releases Data Messaging Standard to Support London-Market Modernization
Sep 7 2023 // ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance
Sep 7 2023 // The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by 225 billion pounds ($281...
AstraZeneca Faces 2 London Lawsuits Over COVID-19 Vaccines
Aug 24 2023 // AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in...
Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds
Aug 24 2023 // A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto. Arion Kurtaj,...
People Moves: Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution; Chubb Appoints Kopp to Lead Far East Region, Mo for Korea
Aug 21 2023 // This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows here. Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution Alastair...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case
Aug 8 2023 // Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More...
Mining Giants BHP, Vale Face Off in London Court Over Brazil Dam Damages
Jul 13 2023 // Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and financial responsibility in a potential 36 billion pound ($47 billion) lawsuit stemming from Brazil’s worst...
UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London
Jul 11 2023 // Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies by 2030 to help the City of London remain a competitive global finance center after Brexit,...
London Is Falling Down — Because of Climate Change
Jul 10 2023 // Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history. The nation has been experiencing prolonged periods of drought after wet winters since last year. That’s...
UK Cybersecurity Officials Investigate Data Breach Affecting London Hospitals
Jul 6 2023 // British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the disclosure of confidential documents online. A gang of Russian-speaking cybercriminals known as...
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President
Jul 5 2023 // This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver...
