Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
East London Experiencing Tenfold Increase in Extreme Rainfall: Lloyd’s
Aug 5 2010 // A new study from Lloyd’s shows that East London has experienced a tenfold increase in extreme daily rainfall since 1960 and warns that the closing of meteorological stations is resulting in incomplete data and...
Wyman Named UK Head of Casualty for Torus
Aug 4 2010 // Global specialty insurer Torus is expanding its casualty platform with the appointment of David Whyman as senior vice president, UK head of Casualty, based in London. Reporting to David Perez, president and chief...
London’s Oxygen Insurance Appoints Rowlands Head of Office
Aug 2 2010 // Oxygen Insurance Brokers, a subsidiary of Oxygen Holdings plc, has appointed Simon Rowlands as head of office, Oxygen Corporate Risks, (Leeds). Rowlands recently joined Oxygen as senior client director from Barlett. He is...
Business Moves
Aug 2 2010 // Markel, Aspen Holdings (FirstComp) Specialty insurer Markel Corp. has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small...
Cooper Gay, Swett & Crawford Complete $3.5 Billion Deal
Jul 12 2010 // In a joint announcement from London and Atlanta, Swett & Crawford and Cooper Gay, the London-based independent wholesale, reinsurance and specialist retail insurance broker, announced that they have completed the...
Brokers in London Market Survey ‘More Positive’ about Lloyd’s
Jul 8 2010 // “Brokers are now significantly more positive about conducting business at Lloyd’s than two years ago,” according to a survey of the Lloyd’s market from part of the Gracechurch London Market Study...
ACE Group Appoints Six New Global Client Executives
Jul 8 2010 // The ACE Group of insurance and reinsurance companies has announced the appointment of six additional global client executives in four countries: Jeff Carr and Shaun Edwards in London, Olivier Roussel in Paris, Wolfgang...
Lloyd’s Marine Underwriters Examine How to Comply with Iran Sanctions
Jul 6 2010 // Underwriters from London’s marine insurance market are looking at how to comply with fresh sanctions being imposed on Iran, a senior Lloyd’s Market Association (LMA) official said on Friday. Iran, the...
Willis Re Appoints Byng to Lead New Property Resource Group
Jul 1 2010 // Willis Re, the reinsurance arm of Willis Group Holdings announced the appointment of James Byng Property Resource Group Leader for its International and Specialty reinsurance business. He will assume this new position on...
Ironshore Environmental to Provide Global Coverage Through London Syndicate
Jun 29 2010 // Ironshore International Ltd. has announced that the Ironshore Environmental Insurance division will provide coverages on a global basis through its Pembroke platform in London. Pembroke Syndicate 4000 operates within...
Business Moves
Jun 21 2010 // Essential Insurance, Higginbotham The Essential Insurance Group LLC, a property/casualty insurance and surety agency serving greater Houston, has joined forces with Higginbotham & Associates, a national insurance...
Allied World Establishes Syndicate 2232 at Lloyd’s of London
Jun 10 2010 // Bermuda-based Allied World Assurance Company Holdings announced that it has received approval from Lloyd’s of London to establish a new syndicate. Designated Syndicate 2232, with the pseudonym AWH, Allied World said...
Braemar Marine Expands in London, Singapore, Europe
Jun 3 2010 // Braemar Marine Inc, the marine claims and risk assessment specialist, has expanded its operations in both London and Singapore through with a series of key appointments. Chris Lunda, Formerly the VP of Braemar in the U.S.,...
Prudential Deal Exit Raises Prospects for AIA IPO
Jun 2 2010 // UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected...
Lloyd’s Market Association Appoints Hurst-Bannister as Chairman
May 28 2010 // Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting...
London American Risk Now Offering Small Commercial Standard Lines
May 28 2010 // London American Risk Specialists Inc., based in Houston, Texas, has contracted with Travelers Insurance Co. to offer small commercial standard lines business through the firm’s Select Division. London American will...
Lloyd’s CEO Calls for ‘Underwriting Discipline’ In Face of a ‘Tough Year’
May 19 2010 // Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be...
Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted
May 18 2010 // President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP...
Volcanic Ash Grounds European Flights
May 17 2010 // Volcanic ash from Iceland caused widespread disruption at airports in Britain and other parts of northern Europe on Monday, grounding 1,000 flights and delaying hundreds of thousands of passengers, aviation officials...
Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan)
Apr 29 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
