Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
U.S. legal precedents assume larger role in corporate oversight
Nov 5 2006 // Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Willis Posts $89 Million Q3 Net Income
Oct 27 2006 // Global broker Willis Group Holdings Limited reported net income for the quarter ended September 30, 2006 of $89 million, or $0.56 per diluted share, compared with net income of $45 million, or $0.28 per diluted share, a...
Hiscox Prepares Move to Bermuda Holding Company
Oct 25 2006 // London’s Hiscox plc, announced progress in its reorganization plan to establish a Bermuda-based holding company. Hiscox announced that a circular setting out full details of the corporate reorganization together with...
S&P’s Positive Reaction to Equitas/National Indemnity Deal
Oct 20 2006 // Standard & Poor’s Ratings Services reacted positively to the news that Berkshire Hathaway’s National Indemnity will initially back and could eventually take over Lloyd’s run-off vehicle Equitas Ltd....
The Future for Agents’ E & O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
New Markets
Oct 9 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted...
The Future for Agents’ E&O
Oct 9 2006 // David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his...
FSA Head Warns U.K. Brokers on Commission Disclosure
Oct 4 2006 // John Tiner, the head of the U.K.’s Financial Services Authority, warned U.K. brokers that, unless the market comes up with a solution on the issue of disclosing brokers’ commissions, the FSA would be...
Bharal Named ACORD RLC Program Director
Sep 28 2006 // ACORD promoted Puneet Bharal as program director for its Reinsurance and Large Commercial (RLC) standards program. He formerly served as the RLC Program Manager. In this new position, Bharal will manage the RLC standards...
Swiss Re/London American Launch New Utility Program
Sep 27 2006 // Swiss Re and London American Risk Specialists Inc. launched a program for small to medium-sized private and public utilities. The program, which includes classes of business for utilities such as gas, electrical, water and...
New Markets
Sep 25 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted...
New Markets
Sep 25 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston-based London American Risk Specialists Inc. is offering CareSurance, liability insurance for skilled, assisted and independent long term care facilities. The...
New Markets
Sep 25 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a liability insurance program for skilled, assisted and independent long term care...
New Markets
Sep 25 2006 // Liability Long Term Care Facilities Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a new liability insurance program designed to meet the needs of skilled, assisted...
Lloyd’s Implements Xchanging Claims Handling System
Sep 20 2006 // In what it called “a good step towards eradicating paper in the market,” Lloyd’s announced the implementation of “an electronic filing cabinet,” which has been launched “for handling...
Willis Sells London HQ
Sep 19 2006 // Willis Group Holdings, Ltd. has sold its present London headquarters at Ten Trinity Square in the heart of EC3, London’s financial center, to the American retail, hotel and leisure development firm Thomas...
London American Risk Specialists, Inc. Introduces Utility District Program
Sep 18 2006 // Houston, Texas – London American Risk Specialist, Inc. is pleased to introduce a utility district program offered by an A.M. Best Rated A+XV admitted carrier. This program is designed for populations 75,000 and under...
Swiss Re May Sell ‘Gherkin’
Sep 18 2006 // In a brief announcement on Friday Swiss Re confirmed that it “is in the process of evaluating the sale of an interest in 30 St Mary Axe, its London based office building, in an attractive market...
Xchanging Completes Heath Lambert Data Processing System
Sep 13 2006 // After years of trying to integrate modern electronic processing, the London market seems to have finally turned the corner. Following the announcement from RI3K on Monday abouts its new V3 system (see IJ Website Sept. 11),...
