Latest London Headlines

All the headlines from our London Topic Page, ordered by recency.

AXA XL Names McGovern as CEO UK & Lloyd’s Market

Jul 8 2020 // AXA XL announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market, subject to regulatory approval.McGovern had been performing the role on an interim basis for some months and has now been...

New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses

Jul 8 2020 // Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new businesses or expand into new...

American Companies Facing Pressure to Reveal Data on Diversity of Employees

Jul 6 2020 // American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination.Many executives have...

Climate Change Litigants Argue Human Rights, Consumer Harm in Suing Oil Firms

Jul 6 2020 // LONDON/WASHINGTON/GENEVA — Climate change may be having its day in court.With the slow pace of international climate negotiations, lawyers from Switzerland to San Francisco are increasingly filing lawsuits demanding...

Car Crashes Became Deadlier During Lockdowns Across Globe

Jul 6 2020 // Coronavirus lockdowns led to reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows.In New York City,...

Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets

Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...

UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator

Jul 1 2020 // LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the...

Car Crashes Became Deadlier During Lockdowns Across Globe: Reuters Insight

Jun 30 2020 // LONDON – Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis...

Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo

Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2.As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...

RKH Specialty Appoints 14 New Aviation Experts in London and Colombia

Jun 29 2020 // RKH Specialty, the London-headquartered wholesale insurance and reinsurance broker, announced the appointment of 14 new senior Aviation experts in London and Colombia, as part of RKH’s wider plan of building the...

Some Facts About London’s Role in Insuring the Slave Trade

Jun 19 2020 // London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism.This reappraisal was triggered by the death of George Floyd, a black man who died after a...

Update: Lloyd’s of London Apologizes for Its ‘Shameful’ Role in Atlantic Slave Trade

Jun 18 2020 // The Lloyd’s of London insurance market has apologized for its “shameful” role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority groups.About...

Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown

Jun 18 2020 // Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office...

China Pacific Insurance Co.’s Shares Rise on $1.8 Billion London Market Debut

Jun 17 2020 // Shares in China Pacific Insurance Co. (CPIC) rose on their London debut on Wednesday after the company completed the largest fund raising on the London Stock Exchange in three years, sparking hopes of a revival in the...

McLarens Acquires Energy Claims Specialist LWI in London

Jun 12 2020 // Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters.McLaren purchased the firm...

New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks

Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threatsOffering risk management, underwriting and analytics, London-based Astaara will work...

Lloyd’s Launches Application Program Interface (API) to Enhance Electronic Placements

Jun 9 2020 // Lloyd’s announced the launch of an application program interface (API), which is designed to help London market brokers and underwriters place business electronically.The new API is part of the market’s...

HDI Global Specialty Launches London Political & Credit Risk Team with Hires from Neon

Jun 9 2020 // HDI Global Specialty SE, the specialty lines insurer, has launched a Political and Credit Risk team in London with the hires of Nick Robinson and Anthony Vaughan.Both have joined HDI Global Specialty SE’s London...

K2 Insurance Services Launches International Re/insurance Platform in London

Jun 1 2020 // K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in...

When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal

May 21 2020 // Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus.Britain’s financial...