Best Read London Headlines

Headlines from our London Topic Page with the most time spent reading.

#1 City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs

Oct 16 2024 // Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates.Michael...

#2 Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook

Apr 22 2024 // The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting profitability – factors that have led AM Best to revise its outlook for the segment...

#3 Global Insurers Fight London Court Battle Over Jets Seized in Russia

Oct 2 2024 // Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation...

#4 Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says

Mar 28 2024 // Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John...

#5 Uber Hit With £250 Million Suit From London’s Black Cab Drivers

May 3 2024 // Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city.The claim alleges Uber improperly...

#6 London Hospitals Knew of Cyber Vulnerabilities Years Before Hack

Jun 17 2024 // A group of London hospitals struggling to contain the fallout from a cyberattack against a critical supplier had known for years about weaknesses that left them vulnerable to hacks, according to documents reviewed by...

#7 London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses

Sep 6 2024 // The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses, which its lawyers said could help thousands of other policyholders.London...

#8 Women in Finance Criticize City of London’s ‘Tokenistic’ Diversity Efforts

Jan 18 2024 // Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in...

#9 Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer

Dec 4 2024 // The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter.The shareholders, which include buyout firm JC Flowers...

#10 City of London Is Relaxed About the Prospect of a Labour Election Win

May 24 2024 // In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years.Matthew Beesley, chief executive officer at Jupiter Fund Management Plc, said...

#11 London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s

Jul 3 2024 // The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin that’s set to become the tallest building in the historic financial district.The City Corporation’s...

#12 HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal

Feb 12 2024 // Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s...

#13 A London Hospital Is Asking Its Own Workers for Blood After Cyberattack

Jun 12 2024 // A London hospital, facing blood supply disruptions after a cyberattack last week paralyzed operations, is asking its own clinical workers for blood.King’s College Hospital is calling on staff with the blood type O to...

#14 Ambac Completes Buy of Majority Stake in London’s Beat Capital Partners

Aug 2 2024 // Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common...

#15 Lloyd’s of London Trade Body Examines Planned Conduct Overhaul

Dec 16 2024 // Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened...

#16 Coverys Launches London Market Insurer, Approved to Write US E&S Business

Jul 2 2024 // Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26.Coverys Ltd. is part of Coverys’ dedicated London platforms...

#17 UK Court Rules That $10 Billion Jet Dispute Should Be Heard in London, Not Moscow

Mar 28 2024 // A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather than Moscow, London’s High Court ruled on...

#18 People Moves: AXIS Taps Chubb’s Farrup to Lead Global Mkts, Succeeding Gregory; Agile’s Lloyd’s Syndicate Hires AXA XL’s Hughes for London Marine Operation

Jan 6 2025 // This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group.A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets,...

#19 Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says

Oct 10 2024 // The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday.Some European insurers, including...

#20 Brexit Has Cost UK More Than $178 Billion so far: London Mayor

Jan 12 2024 // Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual cost of 140 billion pounds ($178 billion) – London mayor Sadiq Khan said on Thursday, with the...