Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
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...
Texas Judge Orders Boat Insurer to Pay $1 Million
Jan 30 2003 // A judge in Austin, Texas ordered a London- and Canada-based organization to stop marketing boat and other watercraft insurance in Texas without a license and to pay a $1 million fine imposed last year by Commissioner Jose...
Fredrik Murer Named as Zurich’s Senior Political Risk Underwriter in London
Jan 22 2003 // Zurich North America and Zurich London Limited, two of the main operating companies of the Swiss-based Zurich Financial Services Group (ZFS) announced that Fredrik Murer has joined the Zurich Emerging Markets group as a...
The St. Paul Will Delist London Shares; Best Affirms Int’l. Unit ‘A’ (Excellent) Rating
Dec 27 2002 // The St. Paul Companies announced the delisting of its common stock on the London Stock Exchange, where it has been traded as a secondary listing since the early 1990’s, effective Jan. 23, 2003. Earlier in the week...
Golden Apple Appoints London Broker
Dec 23 2002 // Miami-based Golden Apple Holding Company (GAHC), a wholly owned subsidiary of Navigator Ventures Inc. appointed Ballantyne McKean & Sullivan Ltd. (BMS) as lead broker of record to secure reinsurance for Golden...
HCC to Acquire Dickson Manchester Ltd.
Dec 17 2002 // HCC Insurance Holdings Inc., based in Houston, plans to acquire Dickson Manchester & Company Limited (DM), a Lloyd’s broker headquartered in London, England. According to HCC, the transaction is expected to...
HCC to Acquire Lloyd’s Specialty Broker Dickson Manchester Ltd.
Dec 17 2002 // Stephen L. Way, Chairman and CEO of Houston-based HCC Insurance Holdings, Inc. announced that the Company had reached an agreement to acquire Lloyd’s broker Dickson Manchester & Company Limited (DM). “DM...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
Benfield Group Plans London Share Listing
Dec 2 2002 // The Benfield Group Ltd. announced plans to raise additional capital by listing its shares on the London Stock Exchange sometime in the first half of 2003. Benfield, the world’s third largest reinsurance broker, which...
RI3K CEO Tells London Market Why Tech Matters, but Experience Matters More
Nov 22 2002 // Alex Letts, CEO of the reinsurance services provider RI3K, told an audience of insurance professionals at the annual Insurance Institute Conference that, although recent advances in technology would indeed transform some...
London Market Braces for Oil Spill Losses
Nov 21 2002 // The London market faces the majority of claims related to the sinking of the “Prestige” off Spain’s Galician coast and the related oil spill, which threatens the livelihood of many in the region. The...
Lord Levene Takes Over as Lloyd’s Chairman
Nov 6 2002 // Lord Peter Levene of Portsoken was unanimously confirmed today by the Council of Lloyds as the 61st Chairman of Lloyd’s, and the first one from outside the London market in its 314 year history. He was selected last...
Arch Names Lesley Andrea Heath Harding as London Sr. Exec
Nov 1 2002 // Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced that Lesley Andrea Heath Harding has been named as senior executive of the UK subsidiary which will act as Arch’s representative...
CNA Completes Sale of London Reinsurance Company
Nov 1 2002 // CNA Financial Corporation announced that it has completed the sale of its London reinsurance operation, CNA Reinsurance Company Limited (UK), to Tawa UK Ltd., a subsidiary of Artemis Group, the diversified French holding...
SAFECO Reports Continued Earnings With 3rdQ Net Income Increase
Oct 29 2002 // SAFECO reported continued earnings growth as third-quarter net income increased to $75.2 million, or $0.59 per diluted share. Income before charges and realized gains increased to $86.4 million, or $0.68 per diluted...
