Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
The St. Paul to Buy London Guarantee
Aug 6 2001 // The St. Paul Companies has finalized a definitive agreement to purchase London Guarantee Insurance Company for $80 million. The transaction is expected to close within three to five months, after regulatory approval has...
Lloyd’s Grants Independent U.S. Brokers First-Ever Access
Aug 6 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh...
Fallout From Independent’s Collapse Continues,Regulators Questioned
Jul 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...
First-Ever Independent U.S. Brokers Access Lloyd’s
Jul 24 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh...
Benfield Group, SG Create New Insurance Vehicle Devoted to Weather Derivatives
Jul 19 2001 // Benfield Group and SG, the corporate and investment banking arm of the Societe Generale group, announced the creation of a new insurance vehicle devoted to weather derivatives. The new company (created in Jersey) is called...
The Changing Face of the London Insurance Market: Lloyd’s Admits ‘Foreign’ Brokers-Ins-sure Takes Ov
Jun 4 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services, Ltd., which will assume the...
Scottish Life Policholders Nearly Unanimous To Demutualize
Jun 1 2001 // An overwhelming 98 percent of the policyholders of Scottish Life voted in person or by proxy at the society’s annual general meeting in Edinburgh to abandon the mutual format, and become a public company. The...
Lloyd’s Admits ‘Foreign’ Brokers, Ins-sure Services Launched
May 21 2001 // The London insurance market achieved two significant milestones recently with the admission to Lloyd’s membership of three non-U.K.-based brokers, and the launch of Ins-sure Services Ltd., which will assume the...
GE Frankona Re CEO Calls For More Change in London Market
May 18 2001 // GE Frankona Re CEO Bob Dellinger, speaking at the Post Magazine Conference at the London Underwriting Centre, challenged senior insurance leaders to radically change the London market to better meet customer needs and...
Benfield Greig-E.W. Blanch to Create Third Largest Global Re Broker
May 7 2001 // On April 16, London-based Benfield Greig Group plc and E.W. Blanch Holdings Inc. of Dallas announced an agreement on merger terms. Benfield offered to purchase the outstanding shares of EWB for $13.50 a share, valuing the...
Lloyd’s, IUA, Xchanging Processing Service To Start May First
Apr 30 2001 // Lloyd’s and London’s International Underwriting Association announced that their joint venture with Xchanging, an Internet and information technology specialist, to create a unified premium processing and...
ACE Irish Subsidiary Opens London Office
Apr 20 2001 // Dublin-based insurer ACE European Markets Insurance Ltd. will expand the ACE Group’s activities in the London market with the opening of a new office in the city to be headed by Stephen French, currently the...
Stirling Cooke Names New London Managing Director
Apr 20 2001 // Bermuda-based international broker Stirling Cooke Brown Holdings Ltd. has named Anthony C. McCallum as the new head of its London reinsurance intermediary operations. McCallum joins Stirling Cooke two years after numerous...
Trenwick Group Names Watson as Chartwell CEO
Apr 18 2001 // Bermuda-based Trenwick Group Ltd., an international underwriter in specialist insurance and reinsurance coverage, has named Michael C. Watson to head its London-based subsidiaries, Chartwell Managing Agents Limited and...
Fresh Allegations Surround Quackenbush, Lloyd’s Payment
Mar 12 2001 // A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times. The strongest of the allegations...
Fresh Allegations Surround Quackenbush, Lloyd’s Payment
Feb 23 2001 // The Los Angeles Times recently published a report containing new allegations that the California Department of Insurance under former commissioner Chuck Quackenbush covered up a $400,000 payment made by Lloyd’s of...
After 300 Years, Lloyd’s Opens Its Doors to Brokers Worldwide
Jan 22 2001 // Confirming plans announced in a “Discussion Document” in October 1999, Lloyd’s officially opened its doors to brokers from outside the London community for the first time in its 300-year history....
After 300 Years, Lloyd’s Opens Its Doors to Brokers Worldwide
Jan 15 2001 // Confirming plans announced in a “Discussion Document” in October 1999, Lloyd’s officially opened its doors to brokers from outside the London community for the first time in its 300-year history....
eREINSURE.com Opens London Office
Dec 5 2000 // eREINSURE.com ™, a Salt Lake City based provider of e-commerce technology to the reinsurance industry announced that it was expanding its operations to Europe with the opening of a branch office in the Lloyd’s...
Lloyd’s/IUA Choose ‘Xchanging’ To Streamline London Insurance Market
Nov 27 2000 // On Oct. 24, Lloyd’s and the International Underwriting Association (IUA) announced that they had selected Xchanging, an Internet and information technology specialist, as a partner in a joint venture to develop and...
