Latest London Headlines

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

London Firms Are Letting More Staff Work Entirely From Home

Apr 30 2024 // London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living...

Canada’s London Drugs Shuts Pharmacies After Cyber Incident

Apr 29 2024 // Pharmacy chain London Drugs Ltd. shut dozens of stores in western Canada on Sunday following a cyber incident.The chain discovered it was the victim of a cybersecurity incident on Sunday, a representative said by email,...

Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook

Apr 22 2024 // The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting profitability – factors that have led AM Best to revise its outlook for the segment...

People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London

Apr 19 2024 // This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group.A summary of these new hires follows here. AEGIS London Hires...

UK Court Rules That $10 Billion Jet Dispute Should Be Heard in London, Not Moscow

Mar 28 2024 // A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather than Moscow, London’s High Court ruled on...

Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says

Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...

Lloyd’s of London Swings to $13.5 Billion Profit in 2023

Mar 28 2024 // Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market said on Thursday, boosted by strong underwriting and investment performance.The insurance...

People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets

Mar 14 2024 // This edition of International People Moves details appointments at Howden Tiger and Markel.A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty DivisionHowden Tiger, the...

Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts

Mar 12 2024 // Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.Nord Stream AG names...

Specialist Fire Research Consultancy Halliwell Launches London Office

Feb 23 2024 // Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office.The expansion follows the recent rebrand of Fire...

People Moves: Aon Promotes Goosen as Head of Professional Services, London Global Broking Centre; Mason Named Chief Exec of London’s Electronic Trading Platform PPL

Feb 22 2024 // This edition of International People Moves details appointments at Aon and the London market’s electronic trading platform, PPL.A summary of these new hires follows here. Aon Promotes Goosen as Head of Professional...

People Moves: Ardonagh Specialty Taps Gallagher Re’s Rance as Head of Specialty at Inver Re London; SiriusPoint Bolsters Energy and Marine Offering With 2 Key Hires

Feb 14 2024 // This edition of International People Moves details appointments at Ardonagh Specialty’s Inver Re and Bermuda-based SiriusPoint.A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s...

Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.

Feb 13 2024 // Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd.Terms of the transaction were not disclosed. Simply is a workplace communication...

HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal

Feb 12 2024 // Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s...

People Moves: Probitas Names Botnick to Launch Canada Service Company; Liberty Promotes Boyle to Head of Energy, London; Hart Joins CFC as Head of Proactive Cyber

Feb 1 2024 // This edition of International People Moves details appointments at Probitas, Liberty Specialty Markets, and CFC.A summary of these new hires follows here. Probitas Appoints Botnick to Launch Canadian Service...

What Would UK Labour Party’s Finance Sector Plan Mean for City of London?

Feb 1 2024 // Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global...

NFP Buys London-Based Advanced Insurance Consultants Ltd.

Jan 24 2024 // NFP, the insurance broking and consulting firm, announced it has acquired Advanced Insurance Consultants Ltd. (AIC), an independent insurance broker based in Hemel Hempstead on the outskirts of London.As part of the deal,...

Women in Finance Criticize City of London’s ‘Tokenistic’ Diversity Efforts

Jan 18 2024 // Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in...

Brexit Has Cost UK More Than $178 Billion so far: London Mayor

Jan 12 2024 // Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the...

Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform

Jan 8 2024 // Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London Bridge 2 PCC Ltd.Beazley is the sponsor of the US$100 million...