Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s Market Association Issues Guidance in Case of Euro Exit
Jun 15 2012 // The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on...
XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion
Jun 11 2012 // XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd’s to write Political Risk and Trade Credit risks using the Lloyd’s platform via XL Group’s...
Willis Re Appoints Angelini-Hurll as Regional Director of APMETA Team
Jun 7 2012 // Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Kieran Angelini-Hurll as Regional Director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations, a newly created...
Ratings Recap: Dubai Insurance, Legal & General, London General
Jun 6 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of the United Arab Emirates’ Dubai Insurance Company...
Olympic Travel Leads to Surge in Travel Insurance Sales
Jun 4 2012 // The 2012 Summer Olympics have provided a welcome boost for airlines, hotels and other travel suppliers that will benefit from an expected jump of more than 30 percent in the number of global travelers going to London...
Aon’s Anning Joins TigerRisk’s London Office
May 31 2012 // Reinsurance broker TigerRisk Partners reported that Nick Anning will join the firm as a director in its London office. In his new position Anning will serve as practice leader for North American reinsurance. Anning started...
Let the Games Begin
May 21 2012 // Insurance Coverage for the 2012 Olympic Games Is a Herculean Task Before the 2012 Olympic Games open in London on July 27, the city will already have experienced an unprecedented round of preparations, notably the...
UK Seeking Delay to EU’s Iran Ship Insurance Ban
May 9 2012 // The UK is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead to a damaging spike in oil prices,...
UK Terrorism Reinsurer Pool Re Has over $7 Billion for Olympic Games Coverage
Apr 30 2012 // Pool Re, the state-backed British reinsurer that covers terror attack-related commercial property losses, has £4.5 billion ($7.327 billion) of assets to cover the Olympic Games and is not jacking up premiums for the...
Insuring the Olympic Games: Major Risks, Much Secrecy, Heavy Coverage
Apr 18 2012 // One hundred days to go before the 2012 Olympic Games open in London. As that day moves closer, preparations, which have been going on for some time, speed up. Today’s ceremony in a rainy Kew Gardens, presided over by...
A Marriage of Modernity and Tradition
Apr 16 2012 // A milestone in the modernization of the London insurance market was reached on March 5, when the electronic processing of endorsements using ACORD data messages was extended to all classes of business. The endorsements...
160-Year Old Hanover Insurance Group Retaking Its Place as P/C Industry Leader
Apr 16 2012 // (A full version of this article, as well as exclusive podcasts featuring Hanover CEO Frederick Eppinger, is available on InsuranceJournal.com) Eight out of 160 years of history may not seem like a big deal but for Hanover...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 16 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
London Market Group Notes Improvements in Electronic Claims Capabilities
Apr 5 2012 // The improving performance in claims handling in the London market has been underscored with the introduction of Electronic Claims File 2 (ECF2), a suite of software products, developed by Xchanging on behalf of the London...
160-Year Old Hanover Retaking Its Place as P/C Industry Leader
Apr 3 2012 // Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 billion heavily...
Cooper Gay Promotes Hooper to Chief Commercial Officer; Hovey to CEO
Apr 3 2012 // Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has promoted Shaun Hooper to the new role of Chief Commercial Officer, and named Sam Hovey to succeed him as CEO of Cooper Gay,...
Aon Completes Strategic Move to London
Apr 2 2012 // Aon announced that is now officially a “plc (public limited company; i.e. a corporation) and that it has completed its change of the corporate domicile of “the parent company of the Aon group of companies from...
Aon Shareholders Approve Domicile Move to London
Mar 19 2012 // Aon Corp. announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in corporate domicile of the parent company of the Aon group of companies from Delaware to...
Endorsements for All Business Classes in London Go Electronic Says LMG
Mar 5 2012 // The London Market Group (LMG) announced that the electronic endorsements initiative will extend to all classes of business as of today, the 5th of March. The extension of the services pilot program to all classes comes...
New London Broker Q360 Launched in Partnership with Tawa
Feb 23 2012 // A new London-based broker, Q360, has been launched with Tawa providing the capital backing. Q360 Ltd will initially operate within the business sectors of onshore energy, property, binding authorities, professional...
