Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Mississippi Wind Pool Shops in London
Feb 20 2012 // Members of Mississippi’s wind pool board were in London last month to seek low reinsurance rates. The Mississippi Windstorm Underwriting Association is the insurer of last resort for coastal property owners. It...
Willis Chief Warns London Audience of Major Risk Increases in 21st Century
Feb 9 2012 // The 21st century has already witnessed a transformational shift in the global risk landscape, with a palpable change in the severity and frequency of events since 2000, warned Willis Chairman and CEO Joe Plumeri. Speaking...
Xchanging Unveils Modernization Technology Initiative for London Market
Feb 7 2012 // Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to...
U.S. Authorities Looking Into Murdoch Foreign Payments
Feb 7 2012 // U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials...
Business Moves
Feb 6 2012 // Arthur J. Gallagher, Riley Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction were not disclosed. Riley & Associates Inc. is a...
MIssissippi Wind Pool Goes Shopping for Reinsurance in London
Jan 31 2012 // Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reported that they left Saturday and...
Hurst-Bannister to Join Xchanging Ins-Sure Services Board
Jan 30 2012 // Global business processor Xchanging announced that Barnabas Hurst-Bannister will join the Xchanging Ins-Sure Services board as a non-executive director in March. He has broad experience with the London and the...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB
Jan 26 2012 // U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients...
