London market News
Hannover Re Boosts Access to London Market With Argenta Holdings Acquisition
Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, a purchase that gives it a Lloyd's syndicate plus additional access to international and London Market business. Neither ...
UK PM to Pull Brexit Trigger on March 29; EU Will Make Nation Wait
The European Union signaled its intention to keep Theresa May waiting before engaging in negotiations over the U.K.'s exit from the bloc, in an early indication of how the British prime minister will ...
British Parliament Gives May OK to Begin Brexit Process; Sterling Drops
Sterling fell to an eight-week low against the dollar and the basket of currencies measuring its broader strength on Tuesday, hit by fears of prolonged political jousting over the terms of Britain's ...
Ireland Alleges Unfair Competition for Post-Brexit Financial Firms
Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last ...
EU May Force UK to Wait Until June for Start of Brexit Talks
The European Union is considering forcing the U.K. to wait until June for formal negotiations to begin on the terms of Brexit, eroding the time Prime Minister Theresa May has to land a deal, ...
Brexit Deal Must Benefit UK and EU, Trade Association Argues
A Brexit trade deal needs to benefit both the UK and the EU – while protecting clients' access to the London insurance market, according to the London Market Group (LMG), an association ...
Luxembourg Is Benefiting as Financial Firms Plan for a Post-Brexit World
Luxembourg is becoming a serious contender among nations bidding for business to come their way after the U.K.'s exit from the European Union, as insurers, asset managers and financial-technology ...
PwC Targets London Market Claims With New Blockchain Prototype
PwC has created a working blockchain prototype for the London Market's Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management ...