Latest London Headlines

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

Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract

Jul 17 2015 // The head of Britain’s financial watchdog is stepping down early in a move some industry watchers said was a sign the government wants to take a less confrontational stance towards banks.Sources familiar with the...

Cobalt Secures Major Property Portfolio for 90 North through Lockton

Jul 16 2015 // Cobalt Underwriting, the London insurance market’s first Shariah compliant underwriting agency, announced that it has secured a major property portfolio placed by Lockton’s Real Estate and Construction practice...

International Underwriting Association Elects New Market Committee Leaders

Jul 15 2015 // The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been...

Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.

Jul 13 2015 // Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*.In addition, Aubert was named LIIBA...

Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts

Jun 24 2015 // Lloyd’s of London has stopped insuring marijuana industry firms of any kind due to conflicts between federal and state laws over their legality.In a May 29 memo addressed “Dear Colleague,” obtained by...

Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform

Jun 24 2015 // Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets.The new underwriting cell will be focused on the...

Insurance Industry Charitable Foundation Launches London Division

Jun 12 2015 // The Insurance Industry Charitable Foundation (IICF), a U.S.-based nonprofit organization funded by the insurance industry, has expanded its operations to the United Kingdom with the launch of its first international...

Croom-Johnson Named MD of AEGIS London; 4 Senior Execs Promoted

Jun 12 2015 // AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team.Croom-Johnson, Syndicate 1225’s active underwriter since...

JLT Re Appoints Walters to Support International Growth, Client Development

Jun 9 2015 // JLT Re, the London-based provider of reinsurance broking and capital solutions, announced that Russell Walters has joined as a partner.Bradley Maltese, deputy CEO of UK & Europe, said, “Russell joins JLT Re with...

ACE Promotes 4 in Global Marine Team, Including Williamson as EVP

Jun 5 2015 // ACE Group has appointed Andrew Williamson as its new executive vice president, global marine, for ACE Overseas General (AOG), effective July 1. In his new role, Williamson will have overall responsibility for the...

Twelve Capital Hires 3 Insurance Specialists for London Office

Jun 5 2015 // Twelve Capital, an independent investment manager specializing in insurance-related investments, with offices in Zurich and London, announced that Marcus Rivaldi, William Hardcastle and Ulrich Beck have joined the...

International General Insurance Hires 3 Underwriters for London Office

Jun 4 2015 // International General Insurance Holdings Limited (IGIH) announced that it has hired three senior underwriters at IGI UK “as part of a strategy for growing the London based operations.The company named Barry Marren as...

RSA Appoints Gray as Marine Sales & Broker Manager, London Market, Europe

Jun 3 2015 // RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be...

A.M. Best: London Market Insurers Face Challenges; Balance Sheets Strong

Jun 2 2015 // Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M....

Xuber Reinsurance Survey Focuses on Regulation and M&A

May 27 2015 // Many in the reinsurance industry feel the business is becoming over-regulated and London is getting expensive as the center of the industryXuber, Xchanging’s insurance software business, recently released its second...

Some European Insurers, Pension Funds Build Loan Books to Rival Banks

May 27 2015 // Australian Symon Drake-Brockman is on the front line of a revolution in European finance.The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London’s genteel...

Placing Platform Ltd. Selects Ebix for London Market Implementation

May 26 2015 // The Board of Placing Platform Limited (PPL) announced that, after a tender exercise, it has selected Ebix as its preferred software supplier. The Board acted on behalf of the International Underwriting Association (IUA),...

AEGIS London’s Managing Director Moves to Canopius as Group CEO

May 21 2015 // AEGIS London announced that Stuart Davies, the company’s managing director, has resigned to take up the group CEO role at Canopius.At Canopius, Davies succeeds Michael Watson who remains the company’s chairman....

ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820

May 19 2015 // ANV Holdings has unveiled a new consumer products team within Lloyd’s Syndicate 5820, reporting to Bruce Whitmee, who was recently appointed active underwriter (subject to regulatory approval).Based in London, the...

Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs

May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada.The Canadian organizations sought to become part of the...