Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
AmWINS Confirms Intention to Acquire London-based THB Group plc
Nov 14 2011 // Charlotte-based AmWINS Group, Inc. has confirmed that it intends to acquire THB Group plc of London. AmWINS said the directors of THB have unanimously agreed to recommend that its shareholders approve AmWINS’ cash...
Lockton Now Trading by ‘e-Accounts’ in London Market
Nov 14 2011 // International broker Lockton announced that its London operations have “commenced trading with e-Accounts, the initiative which enhances the electronic submission of accounting entries by brokers to support global...
Economist Risk Summit Urges Execs to Adopt Longer Term Perspectives
Nov 4 2011 // A new report released today by The Economist Intelligence Unit during the Economist Conferences’ Risk Summit, hosted by Willis Group Holdings in London, revealed the importance of looking beyond the current risk...
UK PM Seeks Law Change to Allow Armed Guards on British Vessels
Oct 31 2011 // UK Prime Minister David Cameron announced plans to amend British law to allow UK registered vessels to employ armed guards as security, when they are transiting dangerous waters – mainly those off the coast of...
Brokers Flock to Sign up for London Market’s Electronic Trading ‘e-Accounts’
Oct 28 2011 // The London market’s ambition to enable brokers to trade globally with it more easily has taken a significant step closer with phase one of e-Accounts now operational. Brokers using the system can “send and...
Ongoing Pirate Menace Triggers Special Coverage, Security Measures
Oct 25 2011 // “Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if...
Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You
Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...
Wright Named CEO of Willis International, Replacing Margrett
Oct 20 2011 // Willis Group Holdings plc in London has named Tim Wright as chief executive officer of Willis International, the company’s business unit serving all of Willis’ retail clients around the globe outside North...
Lloyd’s Insurer Omega Backs Haverford Offer
Oct 20 2011 // Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd’s of London insurer Omega after Omega and its top shareholder backed his offer, prompting his main rival to withdraw. Omega, at the centre of a...
Business Moves
Oct 17 2011 // ISU Network, Great Northern, Davidson Insurance Great Northern Insurance of Sterling Heights, Mich., and Davidson Insurance Agency of West Plains, Mo., have joined the ISU Network, the San Francisco-based organization...
Panel Lauds London Market’s Electronic Success
Oct 12 2011 // A panel of insurance market figures “were in overwhelming agreement today that London is leading the way in the global competitive market place,” said a bulletin from electronic processing firm Xchanging, who...
Jansen and Hastings Launch Cove MGA
Oct 6 2011 // Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs, a newly...
N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne
Oct 5 2011 // Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance...
Willis and XL Implement e-Accounting for London Market
Sep 26 2011 // The London-based operations of XL Group plc and Willis Limited, the principal UK broking company of global insurance broker Willis Group Holdings plc, announced the successful launch of a “full electronic accounting...
Wilford to Head Willis Global Aerospace; Smaje is New CEO; Hanrahan, President
Sep 22 2011 // Willis Group Holdings plc announced that Mark Wilford, currently Director of Risk at Rolls-Royce Group plc, has been appointed Chairman of the Willis Global Aerospace division, effective January 1, 2012. He will be based...
Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path
Sep 21 2011 // Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices...
Whittington Sells UK Business to Finance Asia Expansion
Sep 20 2011 // Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group, Ltd.,...
Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable
Sep 8 2011 // 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...
HSB UK Names Kane Chief Underwriting Officer
Sep 7 2011 // Specialist engineering and construction insurer HSB Engineering Insurance Limited has appointed Andy Kane as chief underwriting officer. He has over 20 years experience, and replaces Tom Howe who recently retired as CUO...
Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
Sep 2 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company...
