London market News

H.W. Kaufman’s Cranbrook Underwriters Relocates London Office

Cranbrook Underwriters, an H.W. Kaufman Financial Group company, announced the relocation of its London offices to One Minster Court, Mincing Lane, London EC3R 7AE, U.K., in the heart of London’s financial center. This strategic move follows the relocation of two …

Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official

Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access …

AXIS Capital’s London Office to Move to ‘The Scalpel,’ New Tower Near Lloyd’s

Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a 36-story tower located at 52 Lime Street, adjacent to Lloyd’s of London. AXIS said it has taken 31,500 square feet …

Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1

M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a partner in Clyde & Co.’s London …

XL Catlin Names Gale & Littlemore to Lead Bermuda, London Reinsurance Units

XL Catlin’s reinsurance operations has announced two key leadership appointments for Bermuda and London, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance, subject to Bermuda Immigration approval, while …

UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit

The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis …

U.K. Financial Firms Paid $91B in Annual Tax: City of London Report

Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from the …

London Insurers List 4 Priorities for Brexit Negotiations

Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the largest global center for commercial and specialty risk,” …

AIG May Move Europe HQ from London to Another EU Country on Brexit

U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday. AIG …

Towergate Renames London Market Broking Business as ‘Bishopsgate’

Towergate has renamed its London market broking business as “Bishopsgate.” Formerly known as Towergate London Market, Bishopsgate aims to give “regional brokers better access to market, better service and better deals,” the company said in a statement. A central pillar …