Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s Extends Lease on Iconic London Headquarters Until 2035
Dec 18 2023 // Society of Lloyd’s, better known as Lloyd’s of London, has reached an agreement to remain in its One Lime Street headquarters until at least 2035, the Financial Times reported. The deal with landlord Ping An...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI
Dec 12 2023 // Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the London market insurance industry. The collaboration combines Hiscox London...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades
Nov 30 2023 // The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding $472 million in compensation after the exchange canceled billions of dollars in nickel trades last...
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report
Nov 29 2023 // Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in schools and training...
Marsh & McLennan Finalizes Delisting From London Stock Exchange
Nov 28 2023 // Marsh & McLennan Companies Inc. has delisted and canceled trading from the London Stock Exchange, further to its announcement made on Oct. 27, 2023. The delisting was finalized at 8:00 a.m. (GMT) on Nov. 27, 2023. The...
NBJ London Markets Rebranded as ‘Verlingue London Markets’, Senior Execs Hired
Nov 17 2023 // Verlingue has launched Verlingue London Markets following the rebranding of specialist Lloyd’s and London market wholesale broker NBJ London Markets. The business also has made a number of senior hires to expand its...
Mass London Lawsuit Against Apple Over iPhone Batteries Can Proceed, Tribunal Rules
Nov 2 2023 // Apple Inc. on Wednesday lost a bid to block a mass London lawsuit worth up to $2 billion which accuses the tech giant of hiding defective batteries in millions of iPhones. The lawsuit was brought by British consumer...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture
Oct 31 2023 // Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture, in a test of investor appetite for new stocks. The special purpose acquisition company...
Marsh & McLennan Cos. Intends to Delist From London Stock Exchange
Oct 30 2023 // Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan explained the action by saying that the majority of trading in the company’s securities...
People Moves: Marsh Names Thurston CEO, UK Risk Mgmt; Lockton Hires Parle, Patrick and McKay in London; MS Amlin Promotes Cleary to Head of Crisis Mgmt
Oct 24 2023 // This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires follows here. Marsh Names Thurston CEO, UK Risk Mgmt, Mistry as CEO of FINPRO Marsh, the...
UK Broker Jensten Acquires London-Based Berns Brett
Oct 23 2023 // Jensten, the London-based independent insurance broking and underwriting group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in...
Lloyd’s Cyber Specialist Trium Cyber Opens London Office, Led by Aspen’s Watson
Sep 22 2023 // Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding...
‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis
Sep 20 2023 // When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Sep 7 2023 // Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd’s of London Chief Executive Officer John Neal said. Rising inflation, recession worries, climate...
ACORD Releases Data Messaging Standard to Support London-Market Modernization
Sep 7 2023 // ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance
Sep 7 2023 // The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector to drive through “big moves” needed to boost the economy by 225 billion pounds ($281...
AstraZeneca Faces 2 London Lawsuits Over COVID-19 Vaccines
Aug 24 2023 // AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in...
Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds
Aug 24 2023 // A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto. Arion Kurtaj,...
People Moves: Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution; Chubb Appoints Kopp to Lead Far East Region, Mo for Korea
Aug 21 2023 // This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows here. Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution Alastair...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit
Aug 16 2023 // Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance, and its chief executive said the insurer was interested in entering the...
