Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Coverholders Playing Greater Role in Lloyd’s Global Expansion
Sep 8 2014 // Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal...
BP Gross Negligence Ruling a Warning to Big Oil and Partners
Sep 5 2014 // A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more...
Edinburgh Defying Finance Doomsayers over Scottish Independence
Sep 5 2014 // For the banks, insurers and fund managers that thrived and survived in Edinburgh through war and recession for two centuries, a whole new challenge is looming. Royal Bank of Scotland Group Plc and Standard Life Plc might...
Kaufman Financial Group Acquires Marine & Energy Broker Oval International
Sep 3 2014 // The H.W. Kaufman Financial Group has announced the “purchase of London-based Oval International, a Lloyd’s broker that is globally recognized for placing complex marine and energy risks.” Kaufman...
Aon Benfield Secures Reinsurance Capacity for AEGIS Cyber Offering
Aug 29 2014 // Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a...
Amlin First-Half Profit Drops as Catastrophe Losses Widen
Aug 18 2014 // Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to £148.5...
McMellin to Replace Sinfield as CEO of Catlin Group’s London Hub
Aug 15 2014 // Catlin Group Limited (CGL) announced that Andrew McMellin, currently CEO of the Group’s US underwriting hub, will become CEO of the London hub during the first half of 2015. The bulletin also explained that Paul...
Brit Gains in London as Premiums Rose 4.5% in First Half
Aug 13 2014 // Brit Plc, a Lloyd’s of London insurer, posted a 4.5 percent increase in premiums and said it would pay its first dividend following its initial public offering in March. The shares gained. Premiums before reinsurance...
Integro’s Entertainment Practice Acquires London Based Stonehouse Conseillers
Aug 8 2014 // International insurance brokerage and risk management firm Integro has announced its acquisition of Stonehouse Conseillers Ltd., “a London based specialist insurance broker servicing the needs of commercial film...
Allied World Europe Expands Professional Liability Team
Aug 1 2014 // Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
BTG Pactual Agrees to Purchase Ariel Re from Global Atlantic
Jul 11 2014 // Bermuda-based Banco BTG Pactual S.A. (BTG Pactual) and Global Atlantic Financial Group Limited announced that they have signed an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Chicken Producer, London Insurers Battle Over ‘Recall’ Definition
Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...
Hiscox London Market Names Zelenoy to Build Lloyd’s Business in Brazil
Jul 8 2014 // Hiscox London Market announced plans to build its “on-the-ground presence in Brazil” with the appointment of Simon Zelenoy to develop its London Market business in Brazil. Hiscox said he “will be...
Markel Now Underwriting Trade Credit Insurance in U.S.
Jul 2 2014 // Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel...
Towers Watson’s Main Joins Cooper Gay in London
Jun 26 2014 // Cooper Gay & Co. Ltd. ,a London-based insurance and reinsurance broker, has appointed Alan Main as director of Reinsurance, effective immediately. Previously an executive director of Towers Watson UK, Main brings 40...
50th International Insurance Society Seminar Convenes in London
Jun 23 2014 // The International Insurance Society (IIS) has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened this morning in London at the Park Plaza...
Ryan Specialty Group Announces Landmark Healthcare Partnership With Lloyd’s Underwriters
Jun 17 2014 // Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most...
Ryan Specialty Group Launches Healthcare Partnership with Lloyd’s Underwriters
Jun 16 2014 // Ryan Specialty Group, LLC (RSG) has formed RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with the healthcare and life science underwriters at Lloyd’s of London....
