Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Guy Carpenter Unveils Disclosure Doctrine
Dec 16 2004 // Guy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, has published a “Disclosure Doctrine” for treaty placements globally. The new...
Brand Joins GE Ins. Solutions London Marine Team
Dec 15 2004 // GE Insurance Solutions announced that Tom Brand has joined the company’s marine team in London as a cargo underwriter. He has 17 years’ experience in the London market, and in addition to his expertise as an...
Prime Authorized to Write Surplus Lines in Washington
Dec 7 2004 // Sandy, Utah-based Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in the state of Washington effective as of Nov. 1, 2004. Prime, which offers solutions for...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief over here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Hurricane Spitzer to Take London by Storm
Dec 6 2004 // There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to have struck New York full on, but the hope that it may not hurt London too much is palpable. The thinking goes that...
Montpelier Re Chairman Taylor Wins Industry Award
Dec 3 2004 // Bermuda-based Montpelier Re Holdings Ltd.’s Chairman, President & CEO, Anthony Taylor, has been named “Outstanding Achiever of the Year” at the 2004 Insurance Day Awards, held on Dec. 1 in...
EnPro Industries, Insurers Settle Asbestos Dispute
Nov 30 2004 // EnPro Industries on Tuesday announced that it has reached an agreement to settle the current and future asbestos-related insurance claims of EnPro subsidiaries against the vast majority of its solvent London-market...
S&P Affirms Steamship P&I London ‘A-‘ Ratings
Nov 29 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association...
Willis Moving to Lime Street; Signs New London Headquarters Building Lease
Nov 24 2004 // Global insurance broker Willis Group Holdings is moving its world headquarters to Lime Street – across the street from Lloyd’s. Chairman and CEO Joe Plumeri has signed a Lease Agreement for the property at 51...
Hurricane Spitzer to Take London by Storm
Nov 22 2004 // QUOTE:This will impact every underwriter in Lloyd’s and most in London, given the distribution chain they inhabit. There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to...
Carvill Launches London Reinsurance Operation
Nov 11 2004 // Carvill, a leading reinsurance intermediary in Specialty business, announced the launch of Carvill Re, to provide a “dedicated focus to expanding Carvill’s relationships in the London reinsurance...
Best Places Zurich’s London Unit Under Review
Nov 11 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of U.K.-based Zurich Specialties London Limited (ZSL) under review with negative implications. Best explained that it...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
London Market Faculty Opens for Membership
Nov 5 2004 // The U.K.’s Chartered Insurance Institute (CII) announced the opening of its new London Market Faculty at a special reception held at London’s newest landmark – Swiss Re’s London headquarters...
Best Comments on Zurich Sale of Turegum Insurance
Nov 1 2004 // A.M. Best Co. announced that Zurich Financial Services Group’s (ZFS) “A” (Excellent) financial strength rating and that of its core subsidiaries will remain unaffected following the sale of Turegum...
Jail Time for Consultant Nabbed Selling Policies Under Lloyd’s Name
Oct 29 2004 // Robert Damon-Aspen has been jailed for two and a half years for deception conducted through his internet-based insurance intermediary business CFT Group Insurance Services. He reportedly used the Internet to take premiums...
London’s Muted Reaction to Spitzer Investigations
Oct 28 2004 // The London market in general and Lloyd’s in particular has not been overly verbose in commenting on New York State Attorney General Eliot Spitzer’s ongoing investigation of the insurance industry. Apart from a...
S&P Affirms UMS Generali Marine ‘A-‘ Rating
Oct 6 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on UMS Generali Marine SpA (UMS) with a positive...
Aspen Announces Plans to Expand and Diversify; Best Comments
Oct 1 2004 // Aspen Insurance Holdings Limited announced from its Bermuda headquarters the next stages in the development of its corporate strategy as it expands its business in Bermuda and further diversifies its operations. “In...
