Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
ACE Names Future Leadership Team for Overseas General Insurance Operations
Nov 23 2015 // ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail...
Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
Nov 19 2015 // Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with...
AXA’s Property Unit to Develop Tallest Skyscraper in City of London
Nov 17 2015 // AXA Investment Managers – Real Assets, the property unit of Europe’s largest insurer, won approval from the City of London borough to develop an office tower at 22 Bishopsgate near the skyscrapers nicknamed The...
Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA
Nov 16 2015 // Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA)...
Climate Risk May Hit Equity Portfolios as Investor Sentiment Shifts: Study
Nov 12 2015 // Equity portfolios may lose as much as 45 percent of their value due to shifting investor sentiment about climate change, according to a report by. Investors are becoming more aware of the short-term impact that the warming...
Xchanging Wins 3-Year Services Deal Supporting Lloyd’s Asia Platform
Nov 10 2015 // Xchanging plc, the London-based business technology and services provider, has won a three-year contract to supply insurance services to the Lloyd’s service companies operating from the Lloyd’s Asia platform in...
London’s Development of Islamic Products Enhances Position as Insurance Hub
Nov 9 2015 // Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant...
London’s IUA, Singapore Reinsurance Ass’n. Announce Partnership Pact
Nov 4 2015 // The International Underwriting Association of London (IUA) and the Singapore Reinsurers’ Association (SRA) have announced an affiliated partnership that “will enable the two organizations to better serve their...
Update: Investigators Expected to Quickly Unravel Mystery of Russian Plane Crash
Nov 2 2015 // Investigators probing the crash of an Airbus Group SE jetliner in Egypt will focus on how a plane built to withstand extreme turbulence and equipped with devices meant to prevent flight maneuvers that might break it apart...
Hiscox Appoints Waddell to Lead General Liability Team with Focus on U.S. Risks
Oct 29 2015 // Hiscox London Market has appointed Nick Waddell as general liability line underwriter; establishing Hiscox’s first ever stand-alone general liability team as the business seeks to take advantage of a London market...
Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge
Oct 23 2015 // Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares...
Wills GB Names Clayton to Head Construction Operations
Oct 19 2015 // Willis Group Holdings announced the appointment of Alex Clayton as Head of Construction for Willis GB, the operating segment that includes Willis’s specialty, facultative and retail insurance businesses in Great...
Reith to Join Marketform Managing Agency as Chief Executive Officer
Oct 15 2015 // American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015. Reith...
UK’s Aviva Seeks Smaller Acquisitions in Other Countries After Friends Life
Oct 15 2015 // Aviva Plc’s Chief Executive Officer Mark Wilson said the British insurer is looking for smaller acquisitions outside its home market as it continues to integrate Friend’s Life Group Ltd., the country’s...
ANV Appoints Helson as CEO for Lloyd’s Business
Oct 13 2015 // Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group’s Lloyd’s Managing Agency, ANV Syndicates Limited, subject to regulatory approval. Effective...
Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record
Oct 8 2015 // The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market. Lloyd’s has requests for...
Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business
Oct 2 2015 // London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts. Price’s role will...
BB&T Buys 16.9% Stake in London-Based Miller; Willis to Keep Majority Interest
Oct 2 2015 // BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm. BB&T, which owns the world’s sixth largest...
London to Curb Uber with Driver Tests, Stricter Insurance Requirements
Sep 30 2015 // Uber Technologies Inc. faces curbs on its expansion in the U.K. after London Mayor Boris Johnson’s transport regulator proposed that drivers of private-hire minicabs should face English-language and navigational...
XL Catlin Strengthens London Product Recall Underwriting Team
Sep 29 2015 // XL Catlin announced it has strengthened its London-based Product Recall team with the appointment of Natalie Lilley and the transfer of Ian Davidson. Natalie Lilley joins XL Catlin from Canopius where she has held the...
