Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Willis Chief Warns London Audience of Major Risk Increases in 21st Century
Feb 9 2012 // The 21st century has already witnessed a transformational shift in the global risk landscape, with a palpable change in the severity and frequency of events since 2000, warned Willis Chairman and CEO Joe Plumeri. Speaking...
Xchanging Unveils Modernization Technology Initiative for London Market
Feb 7 2012 // Global business processor Xchanging has unveiled its vision for the Lloyd’s and London market in a presentation to 120 senior market executives. Xchanging highlighted the “business imperative for London to...
U.S. Authorities Looking Into Murdoch Foreign Payments
Feb 7 2012 // U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials...
Business Moves
Feb 6 2012 // Arthur J. Gallagher, Riley Arthur J. Gallagher & Co. said it has acquired Riley & Associates Inc. in Mt. Pleasant, South Carolina. Terms of the transaction were not disclosed. Riley & Associates Inc. is a...
MIssissippi Wind Pool Goes Shopping for Reinsurance in London
Jan 31 2012 // Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reported that they left Saturday and...
Hurst-Bannister to Join Xchanging Ins-Sure Services Board
Jan 30 2012 // Global business processor Xchanging announced that Barnabas Hurst-Bannister will join the Xchanging Ins-Sure Services board as a non-executive director in March. He has broad experience with the London and the...
Kaufman Financial Acquires London’s Chesterfield Group, Texas MGA
Jan 27 2012 // The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has purchased Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with...
U.S. Wholesale Broker AmWINS Completes Acquisition of London’s THB
Jan 26 2012 // U.S. insurance wholesaler AmWINS Group, Inc. has completed its previously announced acquisition of THB Group plc of London. THB, an independent insurance and reinsurance broker and risk management business, serves clients...
News Corp. Admits Guilt, Settles Hacking Claims
Jan 19 2012 // The British newspaper arm of Rupert Murdoch’s News Corp. looks set to settle at great expense a string of legal claims after admitting wide-scale phone hacking that was both known about and concealed by senior...
IUA to Compile New Statistical Analysis of the London Insurance Market
Jan 17 2012 // The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London company market in 2012. In 2011 it published a “groundbreaking analysis that...
Aon To Move Corporate Headquarters to London
Jan 13 2012 // Global insurance broker, risk management and human resource consulting firm Aon Corp. announced that it will move its corporate headquarters from Delaware to London. The company said the move is as “an important...
Internet Begins New Chapter with .yournamehere Domains
Jan 12 2012 // A quiet Internet revolution begins on Thursday. Organizations can begin applying to name and run their own domains instead of entrusting them to the operators of .com, .org, .gov and others. Up to 2,000 applications are...
N.J.-based Exceptional Risk Advisors Appoints Head of Sports Division
Jan 11 2012 // Exceptional Risk Advisors, a Lloyds’ of London managing general underwriter in Mahwah, N.J., appointed Chris Lack to head up its sports and entertainment division. Chris Lack Lack will lead Exceptional Risk...
La Playa Insurance Introduces Yacht Coverage
Jan 4 2012 // La Playa Insurance will start providing coverage for yachts and other pleasure crafts after hiring Mike Taylor-West as head of Private Client & Marine. The brokerage, which has offices in London, Cambridge and New...
Xchanging Upgrades Mainframe Platform for London Market
Jan 3 2012 // Business processing specialist Xchanging announced that it has invested in a major upgrade of the mainframe platform at the heart of the London Market Bureau. The bulletin explained that the company has purchased an IBM...
The Next Big Thing in Insurance Coverage Is Here
Dec 13 2011 // Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational risk has itself boomed....
Parker Named to Head P/C Specialty at Aon’s Global Brokerage Center
Dec 5 2011 // Aon Risk Solutions, the risk management business of Aon Corp, announced the appointment of Mark R. Parker to the position of Director in Aon’s London Global Broking Center’s, International Property and Casualty...
World Economy Counts the Cost of Euro Zone Dithering
Nov 23 2011 // From credit bottlenecks in Eastern Europe to slower growth in China, delays in tackling the euro zone’s debt crisis are causing ever-greater economic and financial damage well beyond the borders of the 17-nation...
Aon, ACE Integrate London Exchange for Accounting and Settlement
Nov 17 2011 // Aon Risk Solutions, the risk management business of Aon Corp., and ACE have both announced the “successful implementation of Rüschlikon accounting and settlement standards via The Exchange.” The announcement...
AmWINS Confirms Intention to Acquire London-based THB Group plc
Nov 14 2011 // Charlotte-based AmWINS Group, Inc. has confirmed that it intends to acquire THB Group plc of London. AmWINS said the directors of THB have unanimously agreed to recommend that its shareholders approve AmWINS’ cash...
