Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s, IUA, London Brokers Agree on Reforms
Nov 21 2000 // After a seven-month dialogue Lloyd’s, the International Underwriting Association and the Lloyd’s Insurance Brokers’ Committee have reached agreement on basic reforms of the way business is to be conducted...
Insurance Domain Names Will Hit the Auction Block in London
Nov 13 2000 // A domain (from Old French demesne) once meant owning a specific piece of ground—real dirt with a castle on it. Not anymore. Virtual properties are now as valuable as real ones. Need more proof? On Nov. 22, Colliers CRE,...
Lloyd’s-IUA Name Xchanging As Partner For Data Processing
Oct 24 2000 // Lloyd’s and the International Underwriting Association (IUA) jointly announced the selection of information technology specialist Xchanging as a partner in a joint venture which will develop and operate a unified...
S&P Affirms Chiyoda Ratings Following Withdrawal from London Re Market
Oct 6 2000 // Standard & Poor’s rating service affirmed its double ‘A’-minus, outlook negative counterparty credit and insurer financial strength ratings for The Chiyoda Fire and Marine Insurance Co. (Europe)...
Report Lloyd’s/IUA Forming Joint Venture With Tech Firm
Sep 25 2000 // A report in the Times of London indicates that the joint Lloyd’s/ IUA (International Underwriting Association) Forum, set up last year to explore ways of harmonizing procedures between the two groups and making the...
Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
S&P: Most New London Market Capacity Headed To Lloyd’s
Aug 10 2000 // A new report by Standard and Poor’s says the expansion of London-based insurance business is mostly taking place at Lloyd’s of London. The report, Insurance Market Profiles, says that, although the London...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
Lloyd’s Chair to Resign, Position Goes Part-time
Aug 7 2000 // Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001,...
San Diego Padres Sue Lloyd’s of London
Aug 3 2000 // The San Diego Padres filed a lawsuit in U.S. District Court against Lloyd’s of London for the insurance consortium’s alleged refusal to pay on a policy the ball club took out on the contract of pitcher Randy...
Lloyd’s of London Sells Aviation Unit to Charles Taylor
Jul 19 2000 // Charles Taylor Group has acquired the business of Lloyd’s Aviation, the second largest of its kind in the London market with 30 percent of business volumes for $3.89 million. The deal is a further step in the...
London American Announces Acquisition of WSIB
Jul 18 2000 // Effective July 1, San Diego-based London American General Agency acquired WSIB, a wholesale brokerage that specializes in the motor sports and transportation area. The WSIB motor sports program offers coverage specifically...
Lloyd’s of London Presents Strong Case
Jun 5 2000 // For over two months, Lloyd’s of London has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London defending itself against allegations of fraud made by over 200 “Names”....
Lloyd’s Presents Strong Defense Against Names in Jaffray Case
May 29 2000 // For the past two months, Lloyd’s has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London, defending itself against allegations of fraud made by more than 200 “Names” (IJ...
Lloyd’s To Adopt New Standards For Brokers – Opening London Market
May 25 2000 // Last October Lloyd’s produced a working document entitled “Developing Broker Relationships,” which proposed sweeping changes in the accreditation and regulation of Lloyd’s brokers. Now the results...
MBIA Opens London Office
May 18 2000 // Financial guarantee services provider MBIA Insurance Corp. announced that it is transferring its global marketing effort to London, and has opened an office there. John B.Caouette, Vice Chairman of MBIA, will head up the...
Talks Prolonged on London/Frankfurt Stock Exchange Merger
Apr 28 2000 // The ongoing negotiations between London and Frankfurt to merge their stock exchanges have apparently reached a critical stage. The management and the supervisory boards of the Frankfurt Exchange were set to meet today and...
LLoyd’s “MWD”- Opening the London Market
Apr 28 2000 // Just months after its launch last January, the Market Wordings Data Base (MWD) has begun to fulfill its role in unifying and modernizing the London insurance market. MWD provides a database with more than 8,000 entries...
American Names Set to Take on Lloyd’s of London on Home Turf
Apr 24 2000 // The accusations are fierce, the stories heart-wrenching. Lost homes, marriages, fortunes and even lives are piling up on the doorstep of Lloyd’s of London, which has been accused for years of not disclosing potential...
AIG Sues Over London Train Crash
Apr 20 2000 // Last October a commuter train, operated by Thames Trains, collided with an incoming express train just after leaving London’s Paddington Station, killing 31 people and injuring many more. While the government...
