Latest London Headlines

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

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...

China Urges Local Firms to List in London with China Pacific Insurance Leading the Pack

May 18 2020 // China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus...

UK Insurer Brit and Google Collaborate to Launch 1st Fully Digital Lloyd’s Syndicate

May 13 2020 // Brit Ltd. announced plans to launch Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, in collaboration with Google Cloud.Launching in 2021, Ki will be a “follow-only” syndicate,...

UK Financial Services Firms Weigh Options for Post-Coronavirus Work Arrangements

May 12 2020 // Many of the City of London’s bankers and traders will be working from their kitchens or bedrooms for at least a year under some scenarios being planned by finance companies in Britain.Banks, insurance companies and...

Crane Named CEO of Specialist Re/insurance Broker THB Group

May 5 2020 // THB, the specialist insurance and reinsurance broker, announced that Matthew Crane has been named chief executive officer of THB Group and president of the International division of AmWINS Group, Inc., global distributor...

Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable

May 1 2020 // Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future...

Lockton Re in London Taps Aon Re’s Mallon, Neon’s Foxall for North America, Int’l Teams

Apr 30 2020 // Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced two new appointments in its London office. Phillip Mallon will be joining the North American...

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters.This follows several years of continuous growth in underwriting...

Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions

Apr 28 2020 // Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he...

Sompo Int’l to Exit Lloyd’s, Writing New Business from London Company Market Platform

Apr 15 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that as part of the ongoing transformation of Sompo International, the insurer will be...

Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis

Apr 3 2020 // Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd’s earnings and underwriting...

Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic

Apr 2 2020 // Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association...

Insurers Worry About D&O Claims Against Executives From Coronavirus

Apr 2 2020 // Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses,...

How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London

Mar 30 2020 // Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them.Working at home due to the coronavirus lockdown, they...

Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact

Mar 24 2020 // Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable. The sector outlook revision reflects increased concerns over the COVID-19 disruption and...

Growing Exodus of Workers from City of London Cripples Small Businesses

Mar 19 2020 // At lunch hour, James Leahy’s Burrito Joe stall in the City of London’s financial district is usually buzzing as people line up from around the corner for their fajitas, tacos, quesadillas and rice-and-meat...