Latest London Headlines

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

WTW Taps Rowley from Brit, Harvey from Aon to Boost London P/C Arm

Dec 11 2018 // Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty...

Draycott Named CEO of Ed Broking in Preparation for BGC Partners’ Purchase

Dec 10 2018 // Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Andrew Draycott as CEO-designate of Ed Broking in London. His appointment is subject to regulatory approvals and he will take...

U.K. Food Delivery Service Riders Lose Employment Rights Bid

Dec 5 2018 // A trade union lost a U.K. court bid for the right to lobby Deliveroo over pay and conditions on behalf of the food-delivery service’s riders, in a rare setback for workers in the so-called gig economy.The Independent...

Verisk to Acquire London Market Pricing Software Firm Rulebook

Dec 3 2018 // U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market.The purchase price is $87 million in cash, which Verisk said will be...

Brexit Deal Could Reduce UK Economy by 4% by 2030: Think Tank

Nov 27 2018 // The British government’s Brexit deal with Brussels is likely to mean Britain’s economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday.The...

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...