Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Xchanging Speeds up London Market BI Recovery – 24 Hours to 15 Minutes
Nov 6 2012 // Xchanging, the business process, procurement and technology services provider and integrator, announced that “following a series of tests, it has demonstrated a significant increase in its data recovery capability...
Sandy Losses Within Hurricane Models, Manageable: Reinsurer Hiscox
Nov 5 2012 // Superstorm Sandy won’t put insurers’ finances under severe strain, and may allow them to push through a profit-boosting rise in prices next year, Hiscox , the biggest London-listed reinsurer, said on...
London Broker Miller Names Plato to Marine Hull Team
Nov 1 2012 // Miller Insurance Services in London has bolstered its marine hull capabilities with the appointment of David Plato from Alston Gayler. Plato, who began his insurance career in 1988, specializes in marine hull insurance...
Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage
Oct 29 2012 // A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections. The doorway leads into a disused military bunker, one of several being sold...
ACE Adds to Regional Team in UK
Oct 24 2012 // ACE Group in London announced a series of appointments within its UK and Ireland region. Graeme McGeachie, currently London and South East corporate property and casualty underwriting manager, has been promoted to the...
As Hedge Funds Cater to Insurers and Pensions, Rich Investors Turn Away
Oct 23 2012 // Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. The fastest growing source of new...
ACE Group Names UK, Ireland Region Promotions
Oct 22 2012 // ACE Group announced a series of appointments within its UK and Ireland region. Graeme McGeachie, London and South East corporate P&C underwriting manager, has been promoted to the position of London and South East...
Florida’s Citizens’ Gilway: Private vs. Public Sector Management
Sep 24 2012 // Barry Gilway is president of Florida’s state-run property insurer, Citizens Property Insurance Corp. He is the first head of Citizens who comes solely from the private sector. In the following excerpts from a recent...
Insurers Face Tougher Times as Somali Piracy Drops
Sep 21 2012 // A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International...
US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s
Sep 17 2012 // A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed...
Q&A with Florida’s Citizens CEO Gilway: Leading in the Public Sector
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Ebix Acquires Online Insurance Tech Provider TriSystems
Aug 15 2012 // Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates...
Catlin Names Curran to Head London Casualty Operations
Aug 15 2012 // The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin’s London based underwriting operations. He will have responsibility for “a wide range of...
Olympics: IOC President Closes ‘Happy and Glorious’ Games
Aug 13 2012 // The London Olympics were described as “happy and glorious” by International Olympic Committee President Jacques Rogge on Sunday as he officially closed the 30th Summer Games. “These were happy and...
Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results
Aug 9 2012 // Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier. Markel...
U.S. Regulators Angered By N.Y. Action Against StanChart
Aug 8 2012 // The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York’s banking regulator’s decision to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money...
UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License
Aug 7 2012 // New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a “rogue institution” that hid $250 billion in transactions tied to Iran,...
Allianz Adds London, Nice Stadiums to Its ‘Family’
Jul 27 2012 // Germany’s Allianz announced that it has added two new stadiums to the Allianz Family of Stadiums. Allianz France signed a long-term naming rights contract for the new “Allianz Riviera” in Nice, and...
UIB Restructures Property Team to Promote Growth
Jul 23 2012 // London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division’s revenues. UIB appointed Mark Ritson, formerly a UIB Energy director, to head the property...
People – South Central
Jul 23 2012 // Don Whitaker, president and owner of Whitaker Insurance Associates Inc. in San Antonio, has been named president-elect of the Independent Insurance Agents of Texas (IIAT) for 2012-201. The association elected Pat Arthur,...
