London Market Group (LMG) News

London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain

London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and …

Analysis: Britain’s Proposed Post-Brexit Financial Services Law Underwhelms Industry

Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a “Big Bang 2.0” as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staff to keep London a force …

Britain Initiates Post-Brexit ‘Transformation’ of Financial Services

British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday. Zahawi …

People Moves: WTW’s Swift Joins London Market Group Board; Carbon Underwriting Hires Antares’ Coates; Dale Underwriting Names ArgoGlobal’s Turner for Property

This edition of International People Moves details appointments at the London Market Group, Carbon Underwriting and Dale Underwriting Partners. A summary of these announcements follows here. WTW’s Swift Joins Board of London Market Group The London Market Group announced that …

People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG

This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market Group. A summary of these new hires follows. Aviva Strengthens Exec Committee with Chief Risk Officer Montague and CIO Cummings …

London Market Group Launches Template for Free Trade in Financial Services

The London Market Group (LMG) launched a paper outlining an ambitious approach to free trade in financial services, using the forthcoming UK-Switzerland trade discussions as a template for an approach to other third countries. The LMG is asking the government …

London Market’s Early Modernization Program, LM TOM, Is Being Wound Down

The Board of the London Market Group (LMG) announced that the London Market Target Operating Model (LM TOM) has been wound down in its current form, having delivered the majority of proposed solutions, which are now in “run” mode and …

Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)

Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more than 15,000 risks in total on the …

Lloyd’s Chief Operating Officer Khoury-Haq to Leave the Corporation

Lloyd’s of London announced that its chief operating officer, Shirine Khoury-Haq, has decided to leave the corporation, after nearly five years. Khoury-Haq joined Lloyd’s in 2014 and is a member of Lloyd’s executive committee. Her responsibilities include global operations, information …

London’s Electronic Placements Exceed Targets; Beazley Syndicate 3623 Ranks #1

The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and companies accepted risks via the platform. Beazley Syndicate 3623 topped the league table of those Lloyd’s syndicates that have embraced …