All the headlines from our London Topic Page, ordered by recency.
Jan 29 2020 // Firms involved in building work on London tower bloc that caught fire have sidestepped any responsibility for the 2017 tragedy that killed 72 people, a lawyer for the inquiry said.As the second phase of an inquiry into the...
Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc.The EU is Britain’s biggest market for financial services, worth about 26 billion...
Jan 24 2020 // London’s main transportation regulator has released a scathing document detailing why it moved to ban Uber Technologies Inc. from operating in the city. The regulator lists several safety concerns, including the...
Jan 23 2020 // CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer.Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data...
Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...
Jan 22 2020 // Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals.The previously unknown...
Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020.The association said it is establishing a new market...
Dec 23 2019 // Boris Johnson’s triumphant U.K. election victory makes Brexit a near certainty next month. For the City of London, Britain’s split from its biggest trading partner is a huge leap into the unknown; one that will...
Dec 20 2019 // Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney with the U.K.’s top financial regulator, just as Britain faces the next phase of Brexit.He’ll start...
Dec 16 2019 // Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process...
Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.Aramco, the world’s largest oil...
Nov 27 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Barbican Protect Ltd., as part of its continued expansion into the UK market, subject to...
Nov 27 2019 // AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved coverholder, with operations in the U.K., Europe, India and the Americas.Founded in...
Nov 27 2019 // Uber Technologies Inc. and its rivals disrupted global transport, riding on a lack of regulation to drive exponential growth. Now, regulators are closing in.London’s transport authority banned Uber for a second time...
Nov 27 2019 // MS Amlin, the London-based re/insurer, announced a new operating model and senior leadership team in response to the recent decision by its parent company, MS&AD, to reorganize its international businesses.This...
Nov 25 2019 // The Uber ride-hailing service was stripped of its London operating license on Monday for the second time in just over two years, subject to appeal, after the regulator found a “pattern of failures” on safety...
Nov 22 2019 // London’s transit authority is set to announce as soon as Monday whether it will grant Uber Technologies Inc. a new license to operate.If Transport for London decides against the company, Uber could face expulsion...
Nov 13 2019 // A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd’s of London insurance company is suing his employer for what he called a campaign of harassment, racial discrimination and...
Nov 7 2019 // It’s a deal linking Shanghai and Zurich, but the real target looks to be London.China Pacific Insurance (Group) Co. is in talks to invest at least $2 billion in Swiss Re AG, Manuel Baigorri of Bloomberg News reported...