All the headlines from our London Topic Page, ordered by recency.
Jun 7 2022 // U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for canceling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market, the LME said on...
May 18 2022 // This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Conduit Re, and Willis Towers Watson (WTW).A summary of these announcements follows here. AGCS Promotes...
May 18 2022 // More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to pre-pandemic norms.The demand for a new...
May 17 2022 // This edition of International People Moves details appointments at Liberty Mutual Re and SiriusPoint.A summary of these new hires follows here. Liberty Mutual Re Hires AXA XL’s Sharman for Casualty ReinsuranceLiberty...
May 11 2022 // Commercial insurance market Lloyd’s of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of climate protests.Since...
May 5 2022 // Fidelis Insurance Holdings Ltd. and its wholly owned UK subsidiaries have moved to new offices in London on the 42nd Floor of 22 Bishopsgate, London, EC2N 4BQ.Fidelis said the building’s advanced environmental...
May 4 2022 // AXIS Capital Holdings Ltd. has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the London specialty insurance market.The Portfolio team is now actively underwriting...
May 3 2022 // The business opportunities provided by the global transition to net zero is potentially large enough to double the size of the London insurance market, according to the London and International Insurance Brokers’...
Apr 26 2022 // Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to climate modeling, claims inflation and the war in Ukraine, according to AM...
Apr 21 2022 // The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by Fitch Ratings.As a...
Mar 25 2022 // A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according to people familiar with the probe.The fraud cops are examining the way firms,...
Mar 9 2022 // London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia’s invasion of Ukraine intensifies and perils to merchant shipping grow.The...
Mar 4 2022 // Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s...
Mar 3 2022 // LONDON — Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality insurance center, the finance ministry said on...
Mar 2 2022 // Lloyd’s Names Gomez as Chief People OfficerLloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As CPO, she will focus on developing Lloyd’s talent, leadership and inclusion...
Feb 25 2022 // W. R. Berkley Corp. announced it has agreed to sell a London real estate investment consisting of an office building at 52 Lime Street (also known as “The Scalpel”) for £718 million ($964.1 million), subject...
Feb 25 2022 // More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat.Those are the findings of a new study by Zurich Insurance Group, which mapped every commercial and...
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance.CEO Philippe...
Feb 21 2022 // Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group.In 2006, Cohen joined the company as divisional...
Feb 18 2022 // An Atlantic storm battered Britain and Ireland on Friday with record winds of up to 122 miles per hour, killing at least one person, knocking out power for tens of thousands and shredding the roof of London’s O2...