Latest London Headlines

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

Capsicum Re Hires Bousfield, Palmer and O’Dwyer-Smith to Cyber Team

Jul 27 2016 // Capsicum Re*, the specialist reinsurance broker, announced it has hired Patrick Bousfield, Jane Palmer and Alice O’Dwyer-Smith to its cyber team. They are based in the London office and report to Ian Newman, a...

Dublin Looks to Lure Financial Services Jobs from UK After Brexit Vote

Jul 27 2016 // Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to...

UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary

Jul 25 2016 // British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc.Johnson,...

Towergate London Market Appoints Pearce to Lead Growth Strategy

Jul 22 2016 // Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.*Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David Ross....

Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote

Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...

Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers

Jul 20 2016 // As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers.Insurers have struggled for years to make a...

Allied World Europe Names Jacobs to Lead Casualty Operation in London

Jul 12 2016 // Allied World Assurance Company Holdings AG announced that Allied World Europe has appointed Darren Jacobs as senior vice president, General Casualty.Jacobs will lead Allied World Europe’s primary and excess casualty...

London Market’s Electronic Placing Platform Binds 1st Standalone Terrorism Risk

Jul 12 2016 // London Market Group (LMG) announce that the first standalone terrorism risk was bound on PPL – the London Market’s electronic placing platform – within the first hour of trading yesterday morning. The broker was...

New Prime Minister ‘Must Protect’ London’s Financial Center in Brexit Talks

Jul 12 2016 // Britain’s next Prime Minister Theresa May must find ways to protect London’s financial sector as the country negotiates its exit from the European Union, senior lawmaker Stephen Hammond said on Monday.May is...

London Market’s Electronic Placing Platform Begins Trading Terrorism Risks

Jul 11 2016 // London Market Group (LMG) announced that PPL – the London Market’s electronic placing platform began trading today, with brokers and underwriters exchanging information on standalone terrorism risks, the first...

Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement

Jul 8 2016 // Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to Dean Klisura, global head of Industry Specialties and Placement.In his new role, Cooke...

A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000

Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...

London Re/Insurance Market Will Weather Brexit Storm: Execs

Jul 1 2016 // Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial...

Willis Towers Watson CEO Haley Sees ‘Upside’ to Brexit

Jun 30 2016 // John Haley, who merged his U.S. consulting firm with an insurance broker this year to form London-based Willis Towers Watson Plc, said the company is well-equipped to deal with disruption from U.K. voters’ decision...

Brexit or ‘Regrexit’? That Is Still the Question…

Jun 27 2016 // To leave, or not to leave: that is the question. Still.After Britain’s historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never will. Prime Minister...

Re/Insurance Business Leaders Begin to Comment on Post-Brexit World

Jun 24 2016 // The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin.No one knows how long it will take for the UK to untangle...

Update: Britain Votes to Leave EU; Prime Minister Cameron Resigns

Jun 24 2016 // Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.Global financial markets...

World Awaits Outcome of UK’s EU Referendum

Jun 23 2016 // Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world.A British...

Factbox: Weighing Value of Financial Services in UK Economy on Day of Brexit Vote

Jun 23 2016 // Britain, Europe’s biggest financial hub, votes today on whether to stay in or leave the European Union.The country’s financial and professional services industries are considered as the most vulnerable to an...

Brexit Would Create Extra Burden for Reinsurers, Caution CEOs

Jun 22 2016 // While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here.Plan B...