Latest London Headlines

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

Lloyd’s CEO Warns Insurance Policies’ Continuity at Risk Under Brexit

Mar 21 2018 // Lloyd’s of London Chief Executive Officer Inga Beale said insurance contracts across Europe will remain at risk unless there’s an agreement on how they should be treated in post-Brexit Europe.“Regulators...

UK Insurers, Banks Push Ahead with Relocating HQs – Despite Brexit Transition Deal

Mar 20 2018 // London-based banks and other financial firms won’t put their Brexit moves on hold despite a transition deal between Britain and the European Union as it lacks full legal certainty, industry officials said on...

XL Catlin Introduces Brexit Continuity Clause to Address Risk of Loss of EU Passporting

Mar 19 2018 // XL Catlin’s London-based insurance operation has introduced a Brexit contract continuity clause. The clause addresses the risk that contracts written by XL’s London-based entities prior to Brexit may become...

New Markets

Mar 19 2018 // Market Detail: Bass Underwriters (www.bassuw.com) covers residential apartment buildings and one-to-four family dwellings. In-house rates with a 10 minute turnaround available. Coverage includes property by the water with...

Door From London’s Deadly Grenfell Tower Fails Fire Safety Test

Mar 16 2018 // Police say a door from a London high-rise that went up in flames, killing 71 people, has failed an expert fire safety test.The Metropolitan Police force said Thursday that an undamaged door from Grenfell Tower withstood...

Markel International Ceases Writing London Open Market Property Business

Mar 16 2018 // Markel International, the London-based specialist insurance subsidiary of Markel Corp., will cease to write London open market property business with immediate effect.The development has no impact or implications for...

London’s Future as Financial Center Uncertain Due to Brexit: UK Regulator

Mar 15 2018 // London’s future as a global financial center is uncertain because of Brexit and Britain faces a tough task to secure European Union market access for its banks and insurers, a top UK regulator said on Wednesday as he...

Munich Re Eyes Purchase of London Property, Which Could Become UK HQ: Sources

Mar 15 2018 // Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the tallest towers in the City of London financial district, people with knowledge of the plan said.The insurer is...

AFL Insurance Brokers Launches Marine Division, Hires Mott from Ed to Lead Unit

Mar 13 2018 // Independent Lloyd’s broker AFL Insurance Brokers Ltd. announced the launch of a commercial marine division, and the appointment of Alex Mott as director of Marine.A senior marine insurance professional with 16 years...

Here Are Some Post-Brexit Scenarios for UK Financial Services

Mar 8 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year.The EU said on Wednesday that there...

AEGIS London Appoints Trudeau from Crawford & Co. to Manage Canadian Claims

Mar 7 2018 // Carrie Trudeau has been hired by Lloyd’s managing agent AEGIS London to manage claims notified by its Canadian coverholders.Based in Toronto, Trudeau will focus on strengthening relationships with London market...

SMEs Need to Ready for Cyber Battle: Endeavour’s Loizides

Mar 7 2018 // A classic mistake made by many small and medium sized enterprises is to assume that they are immune from cyber attacks because hackers and fraudsters have bigger fish to fry. As a result, SMEs can be under-prepared in the...

Introducing the InsurTech Capitals of the World

Mar 7 2018 // Not so long ago, Hartford, Conn., was widely known as the insurance capital of the world. Today, interest has shifted to technology-led insurance firms, or InsurTechs, raising the question: Where is the InsurTech capital...

Sompo International to Launch Specialty Operation in Spain; Executive Team Named

Mar 6 2018 // Sompo International announced it will launch a specialty insurance underwriting operation in Barcelona, Spain.Sompo currently has a London-based operation but must open EU-based headquarters in order to conduct business...

TWFG Expands Flood Offerings in Texas via Lloyds of London Syndicate

Mar 2 2018 // The Woodlands Financial Group (TWFG) has expanded flood insurance products to the state of Texas in partnership with syndicated members of Lloyds of London, the agency announced.The “FloodPlus” insurance...

London Unveils New Rules for Uber’s Drivers, Cars; Fleet Insurance Also Eyed

Feb 16 2018 // London’s transport authority unveiled proposed new rules for private hire taxi companies such as Uber by requiring them to limit working hours for their drivers, share data on travel patterns and ensure provision of...

UK Supports Post-Brexit Mutual Recognition System for London’s Financial Services

Feb 16 2018 // Britain’s government is ready to push for the kind of Brexit plan for financial services that the City of London has long favored, but which has already run into opposition in Brussels, two government officials said...

London Will Be Weakened as Financial Center After Brexit, Warns Bundesbank Exec

Feb 15 2018 // The U.K.’s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world’s leading financial centers, Bundesbank Executive Board member Joachim...

London Unprepared to Be Early Adopter of Autonomous Vehicles: Report

Feb 14 2018 // London is ill-prepared to become an early adopter of cutting-edge transport technology including driverless cars and retail deliveries by drone, according to the city’s lawmakers.While the U.K. government has...

Everest Insurance Hires Aspen’s Sanders to Lead Europe Credit & Political Risk Business

Feb 8 2018 // Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political Risk insurance business.Sanders joins Everest with over 20 years of experience in the London...