Articles by Patrick Gower

AIG Defends Layoff of London Employee Alleging Pregnancy Discrimination

American International Group Inc. said it was not “unwelcoming to working mothers” as the insurer fought a discrimination lawsuit filed by a former London trader dismissed while on maternity leave. Jennifer Marlow, who until September 2016 was a senior foreign …

Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M

Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of Research …

London’s Uber Drivers Need to Pass English Language Tests, Court Rules

Uber Technologies Inc. lost a ruling over London transport rules that require language tests for drivers, which could keep 40,000 people from joining the industry over the next three years. Judge John Mitting ruled in favor of Transport for London …

Suit Seeks to Force UK PM to Consult Parliament Before Initiating Britain’s EU Exit

A lawsuit seeking to force Prime Minister Theresa May to consult parliament before beginning Britain’s exit from the European Union will be taken “very seriously” and may reach the Supreme Court by December, Judge Brian Leveson said. “The court takes …

AXA Buys London Pinnacle Site for Redesigned Skyscraper

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 will have more …

RSA Mulls Rights Offer among Measures to Bolster Balance Sheet

RSA Insurance Group Plc is considering a rights offering to replenish capital following a scandal at its Irish unit and losses related to flooding in towns along the River Thames and southwest England. A share sale is one of a …

Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance

Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been flooded in towns including Chertsey, …

CoreLogic to Buy Marshall & Swift/Boeckh, DataQuick for $661 Million

CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital’s Decision Insight Information Group for $661 million to expand its coverage of the property and casualty insurance industries. CoreLogic will acquire Marshall & Swift/Boeckh, DataQuick Information Systems …