Latest London Headlines

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

London’s IUA, Singapore Reinsurance Ass’n. Announce Partnership Pact

Nov 4 2015 // The International Underwriting Association of London (IUA) and the Singapore Reinsurers’ Association (SRA) have announced an affiliated partnership that “will enable the two organizations to better serve their...

Update: Investigators Expected to Quickly Unravel Mystery of Russian Plane Crash

Nov 2 2015 // Investigators probing the crash of an Airbus Group SE jetliner in Egypt will focus on how a plane built to withstand extreme turbulence and equipped with devices meant to prevent flight maneuvers that might break it apart...

Hiscox Appoints Waddell to Lead General Liability Team with Focus on U.S. Risks

Oct 29 2015 // Hiscox London Market has appointed Nick Waddell as general liability line underwriter; establishing Hiscox’s first ever stand-alone general liability team as the business seeks to take advantage of a London market...

Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge

Oct 23 2015 // Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares...

Wills GB Names Clayton to Head Construction Operations

Oct 19 2015 // Willis Group Holdings announced the appointment of Alex Clayton as Head of Construction for Willis GB, the operating segment that includes Willis’s specialty, facultative and retail insurance businesses in Great...

Reith to Join Marketform Managing Agency as Chief Executive Officer

Oct 15 2015 // American Financial Group Inc.* announced that Martin Reith has been appointed chief executive officer of Marketform Managing Agency, which operates Syndicate 2468 at Lloyd’s of London, effective November 2015.Reith...

UK’s Aviva Seeks Smaller Acquisitions in Other Countries After Friends Life

Oct 15 2015 // Aviva Plc’s Chief Executive Officer Mark Wilson said the British insurer is looking for smaller acquisitions outside its home market as it continues to integrate Friend’s Life Group Ltd., the country’s...

ANV Appoints Helson as CEO for Lloyd’s Business

Oct 13 2015 // Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group’s Lloyd’s Managing Agency, ANV Syndicates Limited, subject to regulatory approval.Effective October...

Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record

Oct 8 2015 // The waiting list for an insurer to get a spot on the underwriting floor of Lloyd’s of London is the longest in its 327-year history, indicating record demand for access to the market.Lloyd’s has requests for...

Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business

Oct 2 2015 // London-based Endeavour Insurance Services* has appointed David Price as divisional director to drive further growth of the company’s specialist business across its U.S. and Canadian accounts.Price’s role will...

BB&T Buys 16.9% Stake in London-Based Miller; Willis to Keep Majority Interest

Oct 2 2015 // BB&T IHC International Ltd. has acquired a 16.9 percent interest in Miller Insurance Services LLP, the London-based specialist wholesale insurance broking firm.BB&T, which owns the world’s sixth largest...

London to Curb Uber with Driver Tests, Stricter Insurance Requirements

Sep 30 2015 // Uber Technologies Inc. faces curbs on its expansion in the U.K. after London Mayor Boris Johnson’s transport regulator proposed that drivers of private-hire minicabs should face English-language and navigational...

XL Catlin Strengthens London Product Recall Underwriting Team

Sep 29 2015 // XL Catlin announced it has strengthened its London-based Product Recall team with the appointment of Natalie Lilley and the transfer of Ian Davidson.Natalie Lilley joins XL Catlin from Canopius where she has held the...

Hiscox Merges Casualty Reinsurance Teams; Pascall Leads New Team

Sep 16 2015 // Hiscox has merged its Bermuda and London Market casualty reinsurance teams. The new division, operating under the Hiscox Re brand, and led by Nick Pascall as head of Casualty Reinsurance, controls a combined portfolio of...

Woodford Investment Cashes in Amlin Stake After Record Takeover Offer

Sep 11 2015 // Neil Woodford cashed in his entire 107.5 million-pound ($166 million) stake in Amlin Plc after Tuesday’s takeover offer by a Japanese competitor sent the Lloyd’s of London insurer’s shares to a record...

Update: Lloyd’s of London H1 Profit Decreases 28% on Competitive Pressures

Sep 10 2015 // Lloyd’s of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market.The insurance and reinsurance markets have attracted new...

Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers

Sep 9 2015 // Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover.Beazley Plc, Hiscox Ltd., Lancashire...

Xuber Survey Finds London Insurance Execs Fear ‘Brexit’

Sep 8 2015 // Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for...

Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals

Sep 8 2015 // MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged.The...

DUAL M&A Liability Team Open for Business in Frankfurt and London

Sep 4 2015 // DUAL, the underwriting arm of the Hyperion Insurance Group, announced that its Frankfurt and London-based M&A Liability team is open for business.Niki Demirbilek joins as global head of M&A Insurance, supported by...