Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival
Jul 30 2015 // Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,”...
Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London
Jul 29 2015 // Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several...
Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
Jul 28 2015 // As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to...
Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event
Jul 27 2015 // UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation...
London Imports Climate-Related Risks Through Insurers, Supply Chains
Jul 23 2015 // London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than...
London’s IUA Supports Coordinated, International Approach to Drone Regulation
Jul 22 2015 // A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies...
Global Reform of Tax Systems to Hit Insurance Industry: London’s IUA
Jul 20 2015 // A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned. Responding to public concerns about...
Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract
Jul 17 2015 // The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks. Sources familiar with the...
Cobalt Secures Major Property Portfolio for 90 North through Lockton
Jul 16 2015 // Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice...
International Underwriting Association Elects New Market Committee Leaders
Jul 15 2015 // The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been...
Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.
Jul 13 2015 // Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named...
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
Jun 24 2015 // Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality. In a May 29 memo addressed “Dear Colleague,” obtained by...
Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform
Jun 24 2015 // Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the...
Insurance Industry Charitable Foundation Launches London Division
Jun 12 2015 // The Insurance Industry Charitable Foundation (IICF), a U.S.-based nonprofit organization funded by the insurance industry, has expanded its operations to the United Kingdom with the launch of its first international...
Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted
Jun 12 2015 // AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team. Croom-Johnson, Syndicate 1225’s active underwriter since...
JLT Re Appoints Walters to Support International Growth, Client Development
Jun 9 2015 // JLT Re, the London-based provider of reinsurance broking and capital solutions, announced that Russell Walters has joined as a partner. Bradley Maltese, deputy CEO of UK & Europe, said, “Russell joins JLT Re with...
ACE Promotes 4 in Global Marine Team, Including Williamson as EVP
Jun 5 2015 // ACE Group has appointed Andrew Williamson as its new executive vice president, global marine, for ACE Overseas General (AOG), effective July 1. In his new role, Williamson will have overall responsibility for the...
Twelve Capital Hires 3 Insurance Specialists for London Office
Jun 5 2015 // Twelve Capital, an independent investment manager specializing in insurance-related investments, with offices in Zurich and London, announced that Marcus Rivaldi, William Hardcastle and Ulrich Beck have joined the...
International General Insurance Hires 3 Underwriters for London Office
Jun 4 2015 // International General Insurance Holdings Limited (IGIH) announced that it has hired three senior underwriters at IGI UK “as part of a strategy for growing the London based operations. The company named Barry Marren...
RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe
Jun 3 2015 // RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be...
