London News

Validus Announces Senior Executive Appointments at Talbot Underwriting

Validus Holdings announced a series of senior management appointments at Talbot Underwriting Ltd., its wholly owned subsidiary. Rupert Atkin will retire as chief executive officer of Talbot on Feb. 29, 2016. Peter Bilsby, currently managing director of Talbot, will succeed …

AXA’s Property Unit to Develop Tallest Skyscraper in City of London

AXA Investment Managers – Real Assets, the property unit of Europe’s largest insurer, won approval from the City of London borough to develop an office tower at 22 Bishopsgate near the skyscrapers nicknamed The Cheesegrater and The Gherkin. The 62-story …

London to Curb Uber with Driver Tests, Stricter Insurance Requirements

Uber Technologies Inc. faces curbs on its expansion in the U.K. after London Mayor Boris Johnson’s transport regulator proposed that drivers of private-hire minicabs should face English-language and navigational tests, stricter insurance requirements and limits on bookings. The recommendations are …

London’s IUA Supports Coordinated, International Approach to Drone Regulation

A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …

XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore …

Insurance Industry Charitable Foundation Launches London Division

The Insurance Industry Charitable Foundation (IICF), a U.S.-based nonprofit organization funded by the insurance industry, has expanded its operations to the United Kingdom with the launch of its first international division. IICF’s newly formed London Division will join the collective …

ACE Names Khoshabi as Managing Director, MENA; Dixon Named Special Adviser

ACE Group has promoted Mojgan Khoshabi to the role of regional managing director for ACE in the Middle East and North Africa, effective July 1. She will move to the new position from her current role as underwriting manager for …

How One Broker, CGSC, Is Navigating Stages of Entrepreneurial Business

Entrepreneurial organizations go through stages of growth, says the chief executive of one of the world’s largest wholesale insurance and reinsurance brokerages. Toby Esser, CEO of Cooper Gay Swett & Crawford (CGSC), says his company went through many transitions in …

XL Group Offers Artworks Coverage in UK for Art Exhibitions

XL Group has launched Key Artworks insurance coverage in the U.K. to cover cancelled or abandoned fine art exhibitions and their financial losses in cases where a star attraction art piece is damaged, stolen or otherwise unfit to be publicly …

Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written

Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported and not financial results. The interim statement includes the following …