Latest London Headlines

The Reluctant Bride: Insurance Australia Group Rejects QBE’s Latest Offer

Jun 2 2008 // Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire...

London’s City Risks Floods

May 27 2008 // The City of London – a roughly one square mile area along the north bank of the Thames – is the heart of the UK’s financial and insurance industries. So when Aon warned that the area is at risk from flood...

Kuwait Offer $792 Million for Willis New Building; Sets Property Marker

May 27 2008 // Kuwait’s landmark offer for London’s Willis Building this week has given the prime City office market a lift, but is not the beginning of the end for Britain’s property downturn. By agreeing to buy the...

People

May 19 2008 // Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on...

Willis Shows Off New London Headquarters Building

May 14 2008 // Since Joe Plumeri took over as Chairman and CEO of Willis in 2000, he’s guided the international broker through turbulent times, making a number of radical and innovative changes along the way. Nowhere is his...

Willis Specialties Names Anderson, Dunlop, Wilkinson to Senior Posts

May 7 2008 // Willis Group Holdings has announced three senior appointments to its Global Specialties division. Keith Anderson will assume the role of Chief Financial Officer (CFO) for Global Specialties, Nick Dunlop has been appointed...

Roberts to Lead Marsh’s London Strategic Risk Practice

May 2 2008 // Marsh announced the appointment of Stephen Roberts as Leader of its London-based Strategic Risk Practice. He will report to Eddie McLaughlin, Head of Marsh’s Business Risk Consulting Group. Marsh said its...

Lloyd’s Lord Levene’s L.A. Speech Lauds London

Apr 28 2008 // Lloyd’s Chairman Lord Levene told an audience of around 100 business executives in Los Angeles on Friday that London’s strengths as a leading global financial center have not been diminished by the credit...

Aon UK Exec Harmer to Chair London Market Reform Group

Apr 25 2008 // Peter Harmer, Chief Executive of Aon UK, is to become Chairman of the London Market Reform Group (MRG). He succeeds Stephen Matanle, Managing Director of Libero Ventures Ltd. Harmer stated he is “delighted to accept...

Integro Expands London Casualty Practice

Apr 25 2008 // Integro announced the hiring of two established brokers who will join the firm’s Casualty practice in London – Andrew Park and Jonathan Bines. Park brings considerable technical knowledge and 25 years broking...

Zurich Expands with London M&A Unit

Apr 23 2008 // The Zurich Financial Services Group announced that its Global Corporate Mergers & Acquisitions (M&A) unit has expanded its operation through the opening of an office in London. The operation continues the...

Apr 21 2008 // People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of...

Business Moves

Apr 21 2008 // Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in...

XL Forms Global Product Development

Apr 11 2008 // Bermuda-based XL Insurance, the global insurance operations of XL Capital Ltd., has announced the formation of a global Product Development team to further address customers’ risk management needs. “The team...

London American Promotes Carson and Triola to VP Spots

Apr 9 2008 // Houston-based property casualty insurance wholesaler London American Risk Specialists Inc. announced it has promoted Zane Carson and Jennie Triola to vice president positions. Formerly director of Marketing for London...

Kaufman/Burns & Wilcox Expands in London; Joins with C.J. Coleman

Apr 9 2008 // Alan Jay Kaufman is bucking the business tide in Michigan. While many companies are retrenching their business, Kaufman is going global. Kaufman, chairman, president and CEO of the national specialty insurance wholesaler...

London American Risk Specialists, Inc Announces a New A.M. Best Rated A XV Admitted Market for Energy Contractors

Mar 31 2008 // March 31, 2008 – London American Risk Specialists, Inc an independently owned & operated surplus lines/ wholesale brokerage firm, headquartered in Houston, TX, announces a new A.M. Best Rated A XV admitted...

Marsh Warns London Firms ‘Under-prepared’ for Terrorist Attack

Mar 24 2008 // Despite the past deadly attacks and the continuing threat of renewed violence, “London firms appear under-prepared for a terrorist attack,” concludes Marsh from the results of an ad hoc poll. Marsh conducted a...

Brown & Brown Inc. Launches London Wholesaler, Decus Insurance

Mar 5 2008 // Florida-based Brown & Brown Inc. opened a London-based wholesale brokerage, Decus Insurance Brokers, Limited (D.I.B.) on March 1. According to Regional Executive Vice President Anthony T. Strianese, D.I.B. is Brown...

Ratings Roundup: Novae, PartnerRe S.A., Steamship Mutual

Mar 4 2008 // Standard & Poor’s Ratings Services has revised its outlook on U.K.-based Novae – Syndicate 2007 to positive from stable. S&P also affirmed its Lloyd’s Syndicate Assessment (LSA) of...