Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Calnan Joins Ironshore Europe to Lead International Offshore Energy Expansion
Jan 11 2013 // Bermuda-based Ironshore Europe Ltd. (IEL) announced that Paul Calnan has been named Senior Vice President Global Offshore Energy, responsible for expanding the Global offshore energy business throughout Ironshore...
Condon Joins Miller’s Reinsurance Team
Jan 2 2013 // UK-based broker Miller Insurance Services LLP announced that Charlotte Condon, an experienced producer and broker of facultative reinsurance, has joined Miller’s reinsurance team in London. This is the latest in a...
Events that Topped World Insurance News in 2012
Dec 28 2012 // While 2012 wasn’t as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are some of them: 1) The costs of the flooding in Thailand in 2011, wasn’t...
London ‘City’ Scents Victory in EU Banking Union Deal
Dec 14 2012 // London’s financial center heaved a sigh of relief on Thursday after a landmark deal on Europe’s incipient banking union removed an immediate threat to ‘the City’s’ global position. The text...
Lloyd’s, JLT to Cover Unprecedented Antarctic Winter Crossing
Dec 13 2012 // Lloyd’s of London announced that “broker Jardine Lloyd Thompson (JLT) and a group of Lloyd’s syndicates, alongside other major insurance companies, have underwritten a bespoke policy to cover one of the...
Europe Deepens Union with ECB as Chief Bank Watchdog
Dec 13 2012 // Europe clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro. After more...
Brace to Join Catlin as Group Claims Director
Nov 26 2012 // The Bermuda-based Catlin Group Limited announced that Glenn Brace will join Catlin in early 2013 as Group Claims Director. He will be responsible for Catlin’s worldwide claims operations, including the claims...
Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable
Nov 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company...
Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success
Nov 8 2012 // Lloyd’s has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, explained Inga Beale, Group Chief Executive at Canopius Group Ltd. in an article on...
Xchanging Speeds up London Market BI Recovery – 24 Hours to 15 Minutes
Nov 6 2012 // Xchanging, the business process, procurement and technology services provider and integrator, announced that “following a series of tests, it has demonstrated a significant increase in its data recovery capability...
Sandy Losses Within Hurricane Models, Manageable: Reinsurer Hiscox
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
London Broker Miller Names Plato to Marine Hull Team
Nov 1 2012 // Miller Insurance Services in London has bolstered its marine hull capabilities with the appointment of David Plato from Alston Gayler. Plato, who began his insurance career in 1988, specializes in marine hull insurance...
Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage
Oct 29 2012 // A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections. The doorway leads into a disused military bunker, one of several being sold...
ACE Adds to Regional Team in UK
Oct 24 2012 // ACE Group in London announced a series of appointments within its UK and Ireland region. Graeme McGeachie, currently London and South East corporate property and casualty underwriting manager, has been promoted to the...
As Hedge Funds Cater to Insurers and Pensions, Rich Investors Turn Away
Oct 23 2012 // Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. The fastest growing source of new...
ACE Group Names UK, Ireland Region Promotions
Oct 22 2012 // ACE Group announced a series of appointments within its UK and Ireland region. Graeme McGeachie, London and South East corporate P&C underwriting manager, has been promoted to the position of London and South East...
Florida’s Citizens’ Gilway: Private vs. Public Sector Management
Sep 24 2012 // Barry Gilway is president of Florida’s state-run property insurer, Citizens Property Insurance Corp. He is the first head of Citizens who comes solely from the private sector. In the following excerpts from a recent...
Insurers Face Tougher Times as Somali Piracy Drops
Sep 21 2012 // A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International...
US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s
Sep 17 2012 // A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed...
Q&A with Florida’s Citizens CEO Gilway: Leading in the Public Sector
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
