Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
OdysseyRe Taps Young to Head Global Insurance, London Market Operations
Feb 26 2008 // U.S.-based Odyssey Re Holdings Corp. announced that, effective April 1, 2008, Brian Young will become Chief Executive Officer – Global Insurance and London Market Operations. He presently manages OdysseyRe’s...
People
Feb 24 2008 // San Diego-based Barney & Barney LLC named Jim O’Connell principal. He also will serve as director of development for programs, specialty insurance solutions. In that role, he is responsible for both regional and...
Lloyd’s Market Reform Group Sees End of Paper Processing
Feb 20 2008 // The slipcases at Lloyd’s are slowly going the way of the buggy whip. In a recent announcement the Market Reform Group (MRG) published details of the arrangements which, it said, “will see the end of paper...
Fire Destroys Part of London’s Camden Market; No Casualties Reported
Feb 11 2008 // A major fire broke out late Saturday at London’s famous Camden market, ripping through one of the city’s top tourist draws and a nearby celebrity hangout, fire officials and witnesses said. Flames from the...
Lockton Creates China Desk in London
Feb 11 2008 // Lockton has created a China Desk in London managed by Jiong Zhang, to reinforce the global broker’s existing relationships with insurance and reinsurance clients in the Far East. Lockton’s Executive Chairman...
Willis-Marsh? A Firm ‘No Comment’ But Rumors Persist
Feb 10 2008 // The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh Inc. from MMC. Is there any truth in it?...
N.Y. Panel Urges London-Style Financial Services Regulation
Jan 23 2008 // A commission helping redraft the regulatory framework for New York’s finance industry is considering placing greater emphasis on “principles” than on strictly defined rules, Gov. Eliot Spitzer...
Willis/Marsh? A Firm ‘No Comment,’ But Rumors Persist
Jan 22 2008 // The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC. Is there any truth in it?...
Batchelor Returning to London to Head Marsh Europe/Mideast
Jan 16 2008 // Marsh announced from its London office that David Batchelor will succeed Alex Moczarski as CEO of Marsh’s operations in Europe, the Middle East and Africa (EMEA). He currently heads the Asia Pacific region for Marsh,...
Lockton Adds Senior Vice President, Producer in Chicago Office
Jan 15 2008 // Lockton, a privately held independent insurance broker, announced today that it has added Mark Harris as a senior vice president and producer in its Chicago operation. Harris will be responsible for business development...
Integro Moves London Office
Dec 18 2007 // Integro Insurance Brokers announced that it has relocated its London office to 100 Leadenhall Street, EC3 from 81 Gracechurch Street. “The number of staff in Integro’s London office has doubled since it was...
Ratings Recap: London General, AIG Global Trade, Kiln, PartnerRe (Europe), New Technology, Radian (Europe), Allied World
Dec 17 2007 // 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...
Marsh Adds two Execs to Communications, Media and Technology Team
Dec 11 2007 // Marsh announced from its London office that Hutton Swinglehurst has been named as a Senior Vice President and Matthew Hogg as a Vice President of its global Communications, Media and Technology Practice (CMT). Both men...
Best Appoints Charteris-Black Director – Global Financial Services
Dec 11 2007 // A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director – Global Financial Services for A.M. Best Europe. He will be located in Best’s...
Hardy Sets Sail for Bermuda; Redomiciliation Set for 2008
Dec 5 2007 // The Board of Hardy, a major specialist Lloyd’s insurer, announced that it proposes to move the Group’s corporate domicile to Bermuda “in order to improve the Group’s strategic positioning in the...
RI3K Simplifies E-Trading Prices
Nov 26 2007 // London-based RI3K, the electronic trading service, which handles many of Lloyd’s transactions, announced that it has simplified its pricing tariff. The move comes in response to “market criticisms over its...
Insurance Isn’t Dull, Says Kiln’s Creasy
Nov 19 2007 // Kiln’s Chief Executive Edward Creasy in his speech to the Insurance Institute of London (IIL) this week, sent a strong, and much needed message. As reported on the Lloyd’s web site (www.lloyds.com) , he said...
Hartford Expands Professional Liability to London; Best, S&P Rate New Unit
Nov 7 2007 // The Hartford Financial Services Group announced that it is expanding its existing international professional liability underwriting capabilities with the opening of a new office in London. Following the success of its U.S....
Integro Beefs up London Unit
Nov 5 2007 // Integro Ltd., announced that John Millar and Andrzej Danyluk have both joined its recently launched insurance and reinsurance group based in London (See IJ web site April 5). Both men join Integro from Guy...
