Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
AXA Sees Opportunity in Abandoned London Skyscraper, the Pinnacle
Mar 18 2015 // When work halted on the Pinnacle tower in the City of London, most investors saw little more than an abandoned site. AXA Real Estate Investment Managers viewed it as an opportunity. “The foundation exists at this...
Industry Expertise, Data, Capital Can Help Reduce Global Disaster Risks: Interview
Mar 17 2015 // Powered by InsuranceJournal.tv Margareta Wahlström, the UN Secretary General’s special representative for disaster risk reduction, and Rowan Douglas, Willis CEO for capital, science and policy practice, have been...
Lloyd’s Suit, Upcoming NFL Draft Shine Light on Sports Insurance
Mar 13 2015 // As the 2015 National Football League draft approaches, a lawsuit against Lloyd’s of London by former University of Southern California Trojans receiver Marqise Lee has placed a spotlight on sports disability...
AXA Buys London Pinnacle Site for Redesigned Skyscraper
Feb 20 2015 // AXA Real Estate Investment Managers, the property unit of France’s AXA Group, has bought the London site of the halted Pinnacle skyscraper and plans to build a tower of its own design. The building at 22 Bishopsgate...
Lancashire Seen as Target as Lloyd’s Consolidation Trend Continues
Feb 17 2015 // Lloyd’s of London insurers Lancashire Holdings plc and Novae Group plc may be the next in line for takeover offers after Brit plc became the second U.K. firm within weeks to be acquired. Lancashire, which gained...
Reports Show Insurers Lag Behind in Adopting Technology
Feb 17 2015 // At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are using developments...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion
Feb 17 2015 // Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit plc for some $1.88 billion to become one of the top five underwriters on the...
A.M. Best: Drivers Behind London Market M&A Activity to Continue
Feb 10 2015 // The changing dynamics in the specialist property/casualty sector continue to encourage merger and acquisition activity in the London market. A new briefing from A.M. Best notes that the need for insurers to leverage...
Lloyd’s Appoints Mackinnon as General Representative in Australia
Feb 3 2015 // Lloyd’s, the specialist insurance and reinsurance market, has appointed Christopher Mackinnon as its new general representative in Australia. Mackinnon starts in early February and brings with him more than 21...
Smaje Appointed Willis GB Chief Broking Officer; Rooley for Aerospace
Jan 21 2015 // Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, announced that it has promoted Philip Smaje to Chief Broking Officer for Willis GB, the operating segment that includes Willis’s UK...
Chinese Insurers’ Hunt for Trophy Properties Boosts NYC, London Prices
Jan 20 2015 // What do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the U.K.’s top law firm have in common? They’re all owned by Chinese insurers. This new breed of buyers,...
ACE Promotes Langdon to Global Head of Upstream Energy
Jan 16 2015 // ACE Group announced that James Langdon, Lloyd’s market manager for energy within ACE Global Markets, has been promoted to the new role of global head of upstream energy as the company continues to build its presence...
Attempts Made to Disguise Iranian Oil Near U.A.E., Say Marine Insurers
Jan 15 2015 // Attempts are being made near the United Arab Emirates’ coast to disguise oil from Iran so that it can be sold to countries that are blocked by the U.S. from purchasing such shipments, global ship insurers...
U.K. Power Grid Under Cyber-Attack Every Minute; Government Hikes Defenses
Jan 9 2015 // The U.K. government is one step ahead of hackers trying to turn off the country’s lights — for now. The prospect of cyber-attacks on the nation’s power network is major threat to the country’s...
Impatient New Zealander Jolts U.K. Insurance with Aviva Shake-Up
Jan 9 2015 // During Mark Wilson’s first week at Aviva Plc in London he stormed out of a meeting with top executives after growing frustrated with the lack of boardroom debate. In the two years since, the chief executive officer...
OdysseyRe Appoints New Execs for EuroAsia, London Market Divisions
Jan 6 2015 // Odyssey Re Holdings Corp. announced changes to its executive management team in two of OdysseyRe’s operating divisions, EuroAsia and London Market. Isabelle Dubots-Lafitte has been named CEO for the Europe, Middle...
How One Broker, CGSC, Is Navigating Stages of Entrepreneurial Business
Dec 29 2014 // Entrepreneurial organizations go through stages of growth, says the chief executive of one of the world’s largest wholesale insurance and reinsurance brokerages. Toby Esser, CEO of Cooper Gay Swett & Crawford...
People – Southeast
Dec 15 2014 // The Property Casualty Insurers Association of America (PCI) has named Hilary Segura and Logan McFaddin to its state government relations team. Segura and McFaddin assume regional staff duties overseeing states in the...
ACORD CEO Maciag to Retire in 2016
Dec 4 2014 // Gregory Maciag, president and CEO of ACORD, said he plans to retire in one year on January 15, 2016 after nearly 40 years with the international insurance data and forms standards-setting organization. The ACORD board of...
No Ratings Impact from UK’s Counter-Terrorism/Security Bill: A.M. Best
Dec 1 2014 // A bulletin from A.M. Best indicates that it “does not expect rated insurers to be impacted by the amendments to the UK’s Counter-Terrorism and Security Bill, making it illegal for insurers to reimburse ransom...
