All the headlines from our London Topic Page, ordered by recency.
Feb 1 2017 // Paul Delbridge has taken on the role of London market insurance leader at PwC. Delbridge is a partner with 30 years’ experience at the firm, including three years in New York, almost all of which has been spent in...
Jan 31 2017 // A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed.However,...
Jan 25 2017 // W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal.W/R/B Underwriting, the...
Jan 24 2017 // The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin compression, according to JLT Re...
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Jan 18 2017 // Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European...
Jan 17 2017 // Britain will leave the EU’s single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a “soft Brexit.”In a...
Jan 17 2017 // Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and...
Jan 13 2017 // United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance oversight: reinsurance, group supervision and the...
Jan 13 2017 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of Lee Clarke as senior casualty underwriter.In his new role, Clarke will be primarily responsible for the management...
Jan 5 2017 // Cranbrook Underwriters, an H.W. Kaufman Financial Group company, announced the relocation of its London offices to One Minster Court, Mincing Lane, London EC3R 7AE, U.K., in the heart of London’s financial...
Dec 22 2016 // Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday.Bankers first called...
Dec 22 2016 // Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK.White joins Hiscox from AIG, where she had worked...
Dec 19 2016 // Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of...
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co.Andrew Holderness, a partner...
Dec 9 2016 // XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017.Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over...
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers.U.K. Chancellor of the Exchequer...
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market.The objectives outline arrangements that will help the City of London “maintain its position as the...
Nov 28 2016 // Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licenses in Dublin by early next year, Ireland’s financial services minister said on Friday.The...