Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
U.K. Braces for Hurricane-Force Winds in Worst Storm Since 1990
Oct 25 2013 // Southern England is girding for 90 mile-per-hour winds as the biggest storm since 1990 is forecast to fell trees and damage buildings. Rain and high winds are predicted to lash the area on the evening of Oct. 27 through to...
Willis to Allocate Share of London Business to Pre-Selected Insurers
Oct 22 2013 // Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers. Underwriters in the...
IMS/London American Adds Lundy as VP in San Antonio
Oct 15 2013 // Property/casualty insurance wholesaler, IMS/London American, announced that Don Lundy has joined the company as vice president/branch manager for its San Antonio, Texas, location. Lundy most recently served as vice...
Michael Jackson Wrongful Death Case to Change Tune for Entertainment Insurance
Oct 2 2013 // When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters. Along with the...
Aspen Re Appoints Lewis to Head London Casualty Unit
Oct 2 2013 // Aspen Reinsurance has appointed Jamie Lewis as head of its casualty reinsurance business in London. Lewis will be responsible for developing Aspen Re’s book of casualty reinsurance treaty and facultative business...
Xchanging Launches New wifi service for London Insurance Market
Sep 26 2013 // Xchanging, the business process, procurement and technology services provider, has launched a free wifi service for the London Underwriting Center (LUC), home to many insurance businesses. The service will support the...
ProAssurance Backing New Lloyd’s Syndicate
Sep 25 2013 // Birmingham, Alabama-based medical liability insurer ProAssurance Corp. will be the majority capital provider to the proposed new Syndicate 1729 at Lloyd’s of London. Its planned inception date is January 1, 2014. The...
JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S.
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million. JLT said the acquisition would provide “a very strong...
London Police Must Repay Insurers for Riot-Damaged Sony Warehouse
Sep 12 2013 // London police must repay the insurers of a warehouse that held Sony Corp. goods, damaged in riots that spread through the city in the summer of 2011, a judge ruled. Judge Julian Flaux said the attack on a building in north...
Best Expresses Concerns over London Market Placement Deals
Sep 5 2013 // A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums...
Lawsuit Against Sotheby’s Claims $218 Painting Is Actually a $16M Caravaggio
Aug 29 2013 // A painting bought by a British naval doctor for 140 pounds ($218) in 1962 may now be worth as much as 10 million pounds if his descendant can prove it’s a Caravaggio. The authenticity of “The Cardsharps”...
Aon Extends Partnership with NFL for International Series in 2013-2014
Aug 13 2013 // Aon plc is making the best of its new London domicile. With its roots in Chicago, the home of one of the National Football League’s most historic teams, Aon has embarked on bringing NFL football to the UK Aon...
Hiscox First-Half Profit Jumps 44%; Net Income $278 Million
Jul 29 2013 // Hiscox Ltd., the second-biggest Lloyd’s of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums. Net income...
Cooper Gay Help Launch New Lloyd’s Coverholder Business in The Bahamas
Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...
Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Allstate Selling Life Business to London Group
Jul 18 2013 // Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million...
Battery in Honeywell Locator May Have Caused 787 Fire: Source
Jul 16 2013 // Investigators are looking into whether a fire on a Boeing Dreamliner in London last week was caused by the battery of an emergency locator transmitter built by Honeywell International Inc, according to a source familiar...
Chinese Insurer Buying Lloyd’s of London Building
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said. A Chinese...
The Many Faces of Terrorism; an Expert’s Analysis from Aon Benfield
Jun 21 2013 // “The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon...
10 Things to Know About Entertainment, Sports & Special Events
Jun 17 2013 // The average cost of a wedding in 2012 was $25,656. (Travelers) The average wedding insurance premium for a $25,000 wedding ranges from $320 to $420. (Reuters, Travelers) 24 percent of wedding insurance claims in 2012 were...
