Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Are Producers Always the Agents of Insurers’
Sep 3 2001 // Texas has a statute, section 21.02 of the Insurance Code, which makes insurance intermediaries the legal agents of carriers for many purposes. Lots of people believe producers are always the agents of insurers with respect...
A.M. Best Downgrades CNA Reinsurance Co. Rating
Aug 29 2001 // A.M. Best Co. downgraded the financial strength rating of CNA Reinsurance Co. Ltd., London, to “B+ ” (Very Good) from “A-” (Excellent). The company remains under review with developing...
London Insurers Win Chicago Flood Appeal
Aug 20 2001 // The decision on August 10th by the 7th Circuit Court of Appeals in favor of Lloyd’s and other London-based underwriters found them not liable for an additional $100 million in settlement payments arising from...
ST. PAUL BUYS LONDON GUARANTEE
Aug 13 2001 // The St. Paul Companies 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 been...
Fiserv Acquires London-Based Catapult Technology
Aug 9 2001 // Fiserv Inc. has acquired Catapult Technology Limited, a London-based provider of private banking, treasury management and international banking technology solutions and services. Terms of the agreement were not...
Eagle International Schedules Claims Handling Conferences in London, Paris
Aug 9 2001 // Eagle International Associates, an international network of insurance defense attorneys and claims adjusters throughout North America and Europe, has announced that it will be offering two unique conferences on the subject...
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...
