All the headlines from our London Topic Page, ordered by recency.
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Oct 11 2018 // The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017,...
Oct 11 2018 // Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, announced the appointments of Lee Brewer as senior broker relationship manager and Harriet...
Oct 10 2018 // Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center.John...
Oct 9 2018 // The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies.The EU has made...
Oct 9 2018 // Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London...
Oct 8 2018 // Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA).Indeed, 25 percent of IUA members who...
Oct 5 2018 // After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown.Daniele Nouy, the European Central Bank’s...
Oct 1 2018 // Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1.Based in London, O’Brien will...
Sep 27 2018 // AXIS Insurance, the insurance business segment of AXIS Capital Holdings Ltd., announced that Paul Cullum has been appointed to the newly created role of head of Business Development for AXIS Insurance International...
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European...
Sep 17 2018 // Earlier this year, this reporter was walking on Lime Street, the home of Lloyd’s of London, dodging raindrops. She observed a broker, carrying a large blue binder containing documents for an underwriting risk, had...
Sep 12 2018 // New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global...
Sep 5 2018 // Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe).SI Insurance (Europe) is headquartered in...
Sep 4 2018 // London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate...
Aug 23 2018 // Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government...
Aug 21 2018 // In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit,...
Aug 20 2018 // With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the U.K.’s departure in March would also be bad for the European Union.Such an outcome...
Aug 17 2018 // ACORD, the global standards body for the insurance industry, has launched an Adoption Toolkit to support the application of data standards for global reinsurance and large commercial risks in the London market.“The...
Aug 15 2018 // StarStone, the global specialty insurer, has launched a casualty consortium targeted at the Australian and New Zealand markets. The consortium is led by StarStone’s Mark Hunt and has begun underwriting...