Latest London Headlines

Fire Heavily Damages Clipper Ship ‘Cutty Sark’

May 22 2007 // A fire caused heavy damages to the clipper ship Cutty Sark on Monday, leaving one of London’s proudest maritime relics a blackened hulk. Firefighters responded to an alarm at 4:45 a.m. local time at the 19th-century...

People and Places

May 21 2007 // Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and develop...

May 21 2007 // People Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and...

Dr. Simic to Head AIR’s London Office

May 15 2007 // AIR Worldwide Corporation announced that Dr. Milan Simic has been appointed managing director of AIR Worldwide Ltd., the Group’s London office. He will be responsible for managing strategic operations in London,...

Thinking outside of the box

May 7 2007 // No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current president of the American Association...

Thinking outside of the box

May 7 2007 // MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive...

Brit Sells Majority Stake in RI3K to London Investors

May 4 2007 // If you build a better insurance trading platform, the world will beat a path to your door. Well, maybe not the world, but a group of sophisticated investors from “the City” (London’s financial heart) came...

Catlin Names King and Newman to London Posts

May 1 2007 // The Bermuda-based Catlin Group Limited announced that Chris King and Matthew Newman have been appointed as business group leaders for Catlin s underwriting operations in London. King will lead Catlin s War and Political...

Earthquake Hits Southeast England

Apr 30 2007 // A moderate earthquake rattled parts of southeast England Saturday morning, toppling chimneys from houses and rousing residents from their beds. Several thousand people were left without power after the quake in the county...

S&P Upgrades Lloyd’s Ratings to ‘A+’

Apr 24 2007 // Not so long ago it was beginning to look like “A” ratings were an endangered species. However, after a lot of belt tightening (and a benign year for nat cats in 2006), the rating agencies have been raising,...

ABI Calls on MP’s to Improve Young Driver Safety

Apr 20 2007 // The Association of British Insurers urged the Government to take action to reduce the “number of young people killed or seriously injured on the UK’s roads,” particularly in the London area, where the ABI...

Sellek Named as Managing Director for Best Europe

Apr 20 2007 // A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May. He will work from Best’s London offices and will...

Small London company uses computer archive to help find stolen art

Apr 9 2007 // News Currents The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So...

European Insurance Forum puts Ireland in the spotlight

Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...

Lexington Forms London-based Casualty Mid Excess Unit

Apr 6 2007 // American International Group’s Lexington Insurance Company announced that its London operation has formed a new Casualty Mid Excess unit offering $50 million in capacity. Lexington said: “The unit will focus on...

Bermuda Not a Threat; Lloyd’s Welcomes ‘Healthy Competition’

Apr 5 2007 // The London Market in general and Lloyd’s in particular has been having an ongoing debate for the last few years over the place Bermuda-based companies occupy in the overall market. Are they basically competitors, who...

Broker Integro Forms International Unit Based in London

Apr 5 2007 // Integro Ltd., a New York-based insurance brokerage and risk management firm, is forming an international insurance and reinsurance business unit based in London. The new group will offer worldwide insurance and reinsurance...

Integro Forms London Insurance & Reinsurance Unit

Apr 5 2007 // New York-based Integro Ltd. announced the formation of an international insurance and reinsurance business unit to be based in London. The group will offer global insurance and reinsurance business capabilities for...

London Boroughs Form First Local Mutual Insurer in 100 Years

Apr 2 2007 // London is a huge city. 7,500,000 million people live within its city limits and over 14 million in the greater Metropolitan area. Sometimes bigger isn’t necessarily better. That appears to be the impetus behind the...

Best Downgrades Steamship Mutual Bermuda and UK Ratings

Mar 29 2007 // In separate bulletins A.M. Best announced that it has downgraded the financial strength rating of The Steamship Mutual Underwriting Association (Bermuda) Limited (the Club) and its UK operation Steamship London to...