Latest London Headlines

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

Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%

Apr 21 2016 // Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a...

‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney

Apr 20 2016 // The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney.The governor of the Bank of England — the de facto custodian...

Advent Solutions to Create $100M Business in Global Delegated Authority Market

Apr 19 2016 // Advent Solutions Management, the specialist provider of support services for start-ups, entrepreneurs and managing general agents, announced plans to create a multi-discipline insurance business with gross assets of US$100...

London-Based Markel International Simplifies Structure of Wholesale Business

Apr 14 2016 // Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has simplified the structure of its wholesale business, reducing the number of operating divisions from seven to three.These three...

Low Interest Rates, Soft Market Pricing Hit London Market Insurers: Fitch

Apr 12 2016 // The negative impact of low interest rates and soft market pricing on London market insurers has been partially offset by low levels of large claims, according to Fitch Ratings in a special report.London market insurers...

London MGA, Pardus, Raises £1.6M ($2.3M) to Facilitate Next Phase of Growth

Apr 7 2016 // Pardus, the London-based independent managing general agency (MGA), announced the completion of a £1.6 million ($2.3 million) capital raising, which attracted a variety of new private investors into the business.Pardus...

‘Brexit’ May Threaten UK Shipping, Marine Insurance Sectors

Apr 6 2016 // If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is...

Novae Launches Construction Unit with Appointment of Cross

Apr 4 2016 // Novae Group plc, the specialist listed Lloyd’s insurer, announced that Steve Cross has joined as unit head – construction. He is based in London and reports to Stuart Heath, divisional head of property.Cross...

‘Brexit’ Would Hurt or Severely Damage Lloyd’s of London: Survey

Apr 4 2016 // A survey of London market insurers, brokers, and service providers revealed that 70 percent believe a U.K. exit from the European Union would hurt or severely damage Lloyd’s of London, according to Haggie Partners, a...

London-Based Chubb Global Markets Announces Lineup of Management Team

Mar 23 2016 // Chubb Global Markets, the London-based wholesale insurance division of Chubb, has announced the lineup of its management team. All appointments are effective immediately.As previously announced, Matthew Shaw will serve as...

Mauritius-Based Reinsurance Solutions Launches London Subsidiary

Mar 22 2016 // Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd.Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in...

Chubb Names Claims Management Team in Europe

Mar 22 2016 // Chubb announced a number of appointments within its claims management team in Europe, with immediate effect.All the following positions will report to Peter Murray, director of claims for Chubb in Europe and will be based...

Burns & Wilcox Opens New Office in Orlando, Siegel to Lead

Mar 18 2016 // Burns & Wilcox has opened a new office in Orlando, Fla., extending the company’s footprint to three locations in Florida, which also include Daytona Beach and Tampa.Burns & Wilcox has operated in Florida for...

Gallagher’s Agnew Named Chair, London & International Insurance Brokers’ Assn.

Mar 17 2016 // Arthur J. Gallagher International announced that Andrew Agnew, managing director of specialty and member of its executive committee, has been appointed chairman of the London & International Insurance Brokers’...

Integro Acquires London-Based Broker, Croton Stokes Wilson Holden

Mar 17 2016 // International insurance broker and risk management firm Integro Ltd. announced the acquisition of London-based Lloyd’s broker Croton Stokes Wilson Holden Ltd.Financial considerations of the transaction have not been...

Ironshore Names Alexander Head of Global Property Programs, Based in London

Mar 14 2016 // Ironshore Inc. has announced that Melanie Alexander will serve as head of Global Property Programs, overseeing the London-based property facility business. She will report to Tony Mammolite, president of Global...

Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns

Mar 11 2016 // Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns.The insurer will spin off its controlling stake in...

H.W. Kaufman Financial Group Acquires New Orleans Site for Burns & Wilcox Center

Mar 10 2016 // The Michigan-based specialty insurance organization, H.W. Kaufman Financial Group, has acquired the Cox Communications Building located in the greater New Orleans area. As part of the acquisition, the building will be...

Miller Hires Jones to Lead North American Wholesale & Facultative Property Book

Mar 10 2016 // Honor Jones has joined London-based Miller Insurance Services to drive the growth of its wholesale and facultative property book in North America.Jones has over 20 years’ experience of placing risks on behalf of...

Aon Renews Shortline Railroad Excess Liability Facility

Mar 7 2016 // Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018.The Aon Shortline Railroad Excess...