Latest London Headlines

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

EU, UK Agree Draft Text for Post-Brexit Ties Although Some Wrangles Remain

Nov 22 2018 // Britain and the European Union have agreed a draft text setting out a close post-Brexit relationship, though wrangling with Spain over control of Gibraltar must still be settled before EU leaders meet on Sunday in order to...

Lloyd’s Chief Operating Officer Khoury-Haq to Leave the Corporation

Nov 21 2018 // Lloyd’s of London announced that its chief operating officer, Shirine Khoury-Haq, has decided to leave the corporation, after nearly five years.Khoury-Haq joined Lloyd’s in 2014 and is a member of Lloyd’s...

Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System

Nov 20 2018 // The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit.“By early to...

London’s Electronic Placements Exceed Targets; Beazley Syndicate 3623 Ranks #1

Nov 20 2018 // The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and companies accepted risks via the platform.Beazley Syndicate 3623 topped the league...

AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac

Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...

Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal

Nov 15 2018 // The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister Dominic Raab showed the obstacle course is far from over.Even if the U.K. Parliament clears the...

UK’s RSA Plans to Exit Three London-Based Global Business Lines

Nov 14 2018 // RSA plans to pull out of several international business lines run out of London which it says are unlikely to produce the returns which the British insurer is seeking following a September profit warning.Closing...

Marsh Forms Specialty Business, ‘Marsh-JLT Specialty;’ Names Executive Team

Nov 13 2018 // Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the...

UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows

Nov 12 2018 // Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a...

UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade

Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...

Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials

Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...

Uber Court Case in London Could Determine Future of UK’s Gig Economy

Oct 30 2018 // Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court.At stake this time is an issue that could strike at the core of the...

UK’s Ed Broking to Be Acquired by BGC Partners

Oct 29 2018 // Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company.Financial details of the...

AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac

Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...

London Market Group to Offer Faster Solution for Coverholder Approval

Oct 22 2018 // The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more efficient solution for approving and registering coverholders, and a new integrated tool for generating...

Miller Agrees to Acquire London Re/Insurance Broker Alston Gayler

Oct 22 2018 // Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd.AG is an independent London market re/insurance broker specializing in multiple lines...

London’s Biggest Private Taxi Firm Aims to Roll Out Self-Driving Cars by 2021

Oct 22 2018 // A fleet of autonomous taxis could roll onto the streets of the U.K. capital within three years, after one of London’s biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle...

TigerRisk Adds Retro Specialist Hughes from Aon to London Retro Team

Oct 18 2018 // TigerRisk Partners LLC, the Stamford, Conn.-based insurance and reinsurance broker, announced it has appointed Jonathan Hughes as partner.Hughes will report to Alex Bridges, head of TigerRisk’s Retro Team, and will...

London Attracts Financial Services Investments Despite Cloud of Brexit: Report

Oct 17 2018 // Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday.The body that governs...

London Market’s Placing Platform Completes Product Roll-Out with Treaty Reinsurance

Oct 15 2018 // The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the platform today, completing its roll out of products.PPL said its focus will now be...