All the headlines from our London Topic Page, ordered by recency.
Dec 14 2017 // London police are considering a variety of criminal charges related to the June fire at Grenfell Tower that killed 71 people.Police told an inquiry Monday [Dec. 11] that the possible charges include misconduct in public...
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union.Below are insurers’ plans for EU subsidiaries (in...
Dec 8 2017 // London’s financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.The agreement on Friday paves the...
Dec 8 2017 // Britain and the European Union struck a divorce deal on Friday that paves the way for arduous talks on future trade ties, easing immediate pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit.May...
Dec 1 2017 // As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job relocations, he’s more concerned about rewriting “hundreds of thousands” of...
Nov 30 2017 // Beazley has established its new U.S. marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction marine platform sectors.Beazley has...
Nov 27 2017 // Britain’s financial services industry paid a record 72.1 billion pounds ($96.2 billion) in tax during the past fiscal year, PwC said in a report that piles pressure on the government to secure favorable trading terms...
Nov 21 2017 // Sedgwick LLP, a San Francisco, Calif.-based law firm that represented numerous insurance clients, is closing.The news of the closure came in the form of a letter sent out to employees this week making it known that...
Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit.Below are insurers’...
Nov 20 2017 // British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a...
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Nov 20 2017 // Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an...
Nov 17 2017 // A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association, the group that represents non-Lloyd’s international and...
Nov 16 2017 // The UK Financial Conduct Authority’s review of the wholesale insurance broker market could help counter the trend of rising expenses for London market insurers, according to a Fitch Ratings briefing.This could make...
Nov 15 2017 // Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan bank official said on Wednesday.Sally Dewar, international head of regulatory...
Nov 14 2017 // American direct investment in financial services that would normally head for Britain will be diverted in part to Dublin because of Brexit, Ireland’s financial services minister Michael D’Arcy said on Friday...
Nov 6 2017 // The European Motor Insurance Directive (MID) should not be extended to include liability for accidents on private property, warned the International Underwriting Association (IUA).An expansion of the EU directive’s...
Nov 6 2017 // PPL, the London market’s electronic placing platform, announced that property/casualty risks now can be bound on the platform.The PPL platform first began trading in July 2016 with stand-alone terrorism risks. It now...
Oct 30 2017 // Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets.Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017,...