Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s Of London Seeks Approval for Reinsurance License in China
Jul 23 2003 // Lloyd’s of London chairman Lord Levene will file a submission soon seeking approval to establish an on-shore reinsurance branch in China. Having an on-shore presence would allow Lloyd’s to reinsure local...
ACE INA UK Announces 2003 Half-Year Results
Jul 22 2003 // ACE’s creation of a unique London-based trading floor is paying considerable dividends for ACE INA UK Limited, the newly re-authorised business of the ACE European Group. Results for the first six months of trading...
A.M. Best Affirms Rating of Lloyd’s of London
Jul 18 2003 // A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) of Lloyd’s of London. The outlook remains stable. The rating reflects Lloyd’s maintenance of an excellent business...
Arch Adds Executive Assurance Operation in London
Jul 14 2003 // Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Jane Comerford was named to the position of vice president, Executive Assurance. In her new role, Comerford will focus on developing Arch’s...
London Insurers Win Seattle Pollution Trial
Jul 8 2003 // Lloyd’s Underwriters and other London Market Insurers announced that a Seattle jury had found in their favor after a three week trial in their dispute with Puget Sound Energy, Inc. (“PSE”), a large gas...
London American General Agency Unveils Calif. Small Used Car Dealer Program
Jun 30 2003 // London American General Agency announced its new exclusive California Used Car Dealer Program. Written through an A VX rated insurer, this program is underwritten in-house and the carrier is non-admitted. Coverage...
London American Unveils New Calif. Small Restaurant Program
Jun 25 2003 // London American has unveiled a new Small Restaurant program for California. Written on a non-admitted basis with an A XV insurer, the new program will target independently-owned small restaurants, fast food restaurants,...
Arch Expands London Energy Operation with New VP Appointment
Jun 25 2003 // Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced that William P. O’Malley Jr. has been named to the position of Vice President, Energy, beginning June 28. He will be based in the...
AXIS Opens London Branch Underwriting Office
Jun 18 2003 // Bermuda-based AXIS Capital Holdings Limited announced that it has received regulatory approval for the establishment of a London branch of its European insurance subsidiary, AXIS Specialty Europe Limited. AXIS recently...
Calif. Business Owner Wins Appeal Against Lloyds of London
Jun 4 2003 // The California Court of Appeal recently ruled that Lloyd’s of London could not force a self-employed plumbing contractor to arbitrate his claim for bad faith denial of disability insurance benefits. Trial Lawyers for...
Allied World Opens London Underwriting Branch
May 22 2003 // Bermuda-based Allied World Assurance Holdings, Ltd announced the opening in London of the first underwriting branch of its Irish insurance subsidiary, Allied World Assurance Company (Europe) Limited (AWAC-E), under the...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
ACE Financial Solutions International Makes Appointments
Apr 21 2003 // Bermuda-based ACE Financial Solutions International, Ltd. announced the promotion of both Mark Lima and Simon Burton to the position of executive vice president. Both Lima and Burton will continue to report directly to...
Equitas Settles Honeywell Asbestos Claims for $472 Million
Apr 2 2003 // Equitas, the Lloyd’s runoff vehicle established to handle claims prior to 1992, and Honeywell International jointly announced that they have “reached a comprehensive policy buy-back settlement of all insurance...
Lloyd’s Awards U.S. Brokers; Accredits New Asian, Pair of London Brokers
Mar 24 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
Lloyd’s Chairman Calls for Change in Paperwork Processing
Mar 17 2003 // Lloyd’s Chairman, Lord Peter Levene, called upon underwriters and brokers to move away from the paper-bound system that has barely changed for decades and embrace the technology of the 21st century. He made clear...
Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers
Mar 13 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
XL London Market Names SE Equine Global Practice Leader
Feb 27 2003 // XL London Market Ltd (XLLM), an XL Capital Ltd company announced that Julian Bowen-Rees was named global practice leader for XL’s equine business, including both the XLLM bloodstock and livestock operations and...
London Insurer Posts $3.24 Million Bail for Prestige Captain
Feb 7 2003 // A. Bilbrough & Co., the managing agents of the London Protection and Indemnity Club, the marine insurers that issued coverage for the oil tanker Prestige, have posted a 3 million Euro ($3.24 million) bond for the...
