Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Lloyd’s Selects Lord Levene as New Chairman
Jun 13 2002 // For the first time in over 300 years Lloyd’s of London will be headed by a Chairman from outside the London Insurance Market, as the Council of Lloyd’s announced the selection of Lord Peter Levene of Portsoken,...
Lloyd’s, London Brokers Set Up Benchmark Program
May 22 2002 // Lloyd’s and the London Market Insurance Brokers’ Committee (LMBC) announced that they have jointly established a new benchmarking program for the London Insurance Market. The program will allow insurers and...
A.M. Best, SP Affirm Ratings on ZFS
Mar 26 2002 // Despite its current difficulties – repeated profit warnings, a $387 million net loss last year, the need to replace its CEO, etc.- the rating agencies don’t appear to have lost overall confidence in the basic...
New On-line Run Off Centre Launched in London
Mar 20 2002 // Despite the difference in spelling, London’s new Run Off Centre might be equally useful to U.S. companies involved in the run-off process as its backers hope it will be for their U.K. and European counterparts. The...
Global-Reinsurance Industry Foresees Growth in Online Services
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
Fundamental Changes Proposed for London Market
Jan 28 2002 // The news burst suddenly, but not entirely unexpectedly, on the insurance industry. Confirming earlier reports, the 18-member Council of Lloyd’s issued a series of proposals to drastically restructure the way the...
Lloyd’s Appoints Jeremy Pinchin as Sept. 11 Claims Coordinator
Jan 25 2002 // Lloyd’s of London has appointed Jeremy Pinchin as Special Counsel to coordinate claims connected with the Sept. 11 terrorist attacks. The position was created specifically to handle Sept. 11 claims. ” Mr....
Film Financing Trial Starts in London
Jan 14 2002 // Another trial in the ongoing dispute between insurers and lending banks over claims payments covering the production and distribution of motion pictures and TV productions goes to trial in London today, as the Royal Bank...
Ohio Court Ruling a Victory for London Insurers
Jan 8 2002 // Lord, Bissell & Brook, a legal firm representing London Market Insurers in a lawsuit filed against the insurers by The B.F. Goodrich Company, announced that a Summit County, Ohio court has granted summary judgment and...
London Insurance Community Collects $400,000 for New York’s Firefighters
Dec 21 2001 // The London Insurance Community presented a check for $400,000 to the New York Firefighters’ 9-11 Disaster Relief Fund to help families of firefighters killed in the attack on the World Trade Center. The money was...
Lloyd’s Underwriters, London Market Win Case
Nov 2 2001 // Underwriters at Lloyd’s of London and London Market insurance companies won an important reinsurance case recently when the New York Court of Appeals ruled that Travelers Casualty & Surety Company could not...
Time-Tested Lloyd’s Turns to Address U.S. Disaster Losses
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...
St. Paul Fire and Marine Sells Unit to London’s
Oct 1 2001 // The St. Paul Companies announced that its wholly owned subsidiary, St. Paul Fire and Marine Insurance Company, has completed the sale of Fidelity and Guaranty Life Insurance Company (F&G Life), a life, annuity and...
Fallout From Independent’s Collapse Continues, Regulators Questioned
Sep 30 2001 // What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance...
Latest Loss Estimates on WTC Disaster
Sep 28 2001 // The most recent loss estimates from the attacks on the United States show the scope of the tragedy, as insurers in London, Canada, and Bermuda made estimates of their potential damage exposures. Lloyd’s Cox Insurance...
London Market To Cancel Airlines’ War, Terrorist Risk Cover – Big Increases Anticipated
Sep 20 2001 // According to a report from Reuters News Agency, insurers in the London market, including Lloyd’s, have given the airlines they insure notice that coverage for war risks and terrorist attacks will no longer be...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
SAFECO Reaffirms Commitment to London Operations
Sep 4 2001 // Seattle-based SAFECO announced that Ralph Bailey has resigned as managing director of its London-based insurance subsidiary, R.F. Bailey (Underwriting Agencies) Ltd. In making the announcement, SAFECO reaffirmed its full...
Fallout From Independent’s Collapse Continues, Regulators Questioned
Sep 3 2001 // What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
