London market News

Fewer Than 10% of CEOs in Britain’s Largest Companies Are Women

Even as Britain’s largest companies are hiring women in executive leadership roles at the fastest pace in five years, there’s a big hurdle to cross: they are still unlikely to be in influential roles overseeing the commercial side of the …

NBJ London Markets Rebranded as ‘Verlingue London Markets’, Senior Execs Hired

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 access to markets and expertise for its …

UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle

Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services companies that were due to take part. Chancellor of the Exchequer Jeremy Hunt spoke to at least one business about …

‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis

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 served as a reminder of …

Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending

The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules …

ACORD Releases Data Messaging Standard to Support London-Market Modernization

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 the efficient exchange of insurance data. The CRP Standard was …

City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance

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 billion) by 2030 and beyond. …

Why Did It Take a Pandemic to Drive Electronic Placement in the London Market?

Electronic placing in the London market was a long time coming, with many obstacles to overcome – It took the pandemic to prove electronic placement is a benefit not a threat and, now it’s here to stay, we’re heading full …

UK Widens Lead as Europe’s Top Draw for Financial Services Investors

For all the gloom around the impact of Brexit on the City of London, the latest survey of Europe’s top destinations for foreign direct investment in financial services is a reminder of the UK’s continuing heft in the sector. Britain …

Britain’s Financial Services Industry Plans Blueprint for Post-Brexit ‘Kickstart’

Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial center by 2030. The City of London, home to Britain’s historic financial district, …