Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
City of London Workers Still Haven’t Returned to Offices at Pre-Omicron Levels
Jun 13 2022 // City of London workers are yet to return to the financial heartland in numbers seen before the spread of the omicron variant. About 60% to 70% of City employees are back at their desks, according to data compiled by...
Hybrid Work Is Here to Stay for London Staff Who Don’t See Return to 5-Day Office Week
Jun 9 2022 // The verdict is in: Londoners enjoy and value working from home and don’t see a future that includes a return to the old five-day office week, no matter what politicians, their bosses or the media say. Almost 80% of...
Hedge Fund Elliott Sues London Metal Exchange for $456M Over Nickel Trading Halt
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...
People Moves: AGCS Promotes Major for Claims – London & Nordics; Conduit Re CRO’s Role Expands to Include Climate Initiatives; WTW Names Keville Head of FINEX GB FI
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...
Rise of Remote Work to Define Future of City of London
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...
People Moves: Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Re; SiriusPoint Taps AXA XL’s Pascall as Head of London and Int’l Casualty
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 Reinsurance Alice...
Lloyd’s of London AGM to Go Virtual on Threat of Climate Protests
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...
Fidelis Insurance Moves to New London Office
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...
AXIS Insurance International Launches Portfolio Underwriting Unit in London
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...
Net Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA
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’...
London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best
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...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits
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...
London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office
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,...
London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates
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...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies
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...
UK to Ban Russian Companies From London Aviation Insurance Market
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...
People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius
Mar 2 2022 // Lloyd’s Names Gomez as Chief People Officer Lloyd’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...
W. R. Berkley Corp. Agrees to Sell London Building Known as ‘The Scalpel’ for £718M
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...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen
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...
Startup MGA Rising Edge Targets Low-Layer D&O Business
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...
