Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
ACE Global Markets Makes Trade Credit Appointments
Apr 7 2010 // ACE Global Markets made several key appointments to its Trade Credit teams in London and New York. Stuart James has been appointed head of Trade Credit based in London, effective June 1. He will be responsible the...
London Science Museum Goes Climate Science Neutral
Mar 24 2010 // A new climate gallery at London’s Science Museum, sponsored by Royal Dutch Shell, will step back from pushing evidence of man-made climate change to adopt a more neutral position. The £4 million ($6 million)...
Marsh Sees More IPO’s Fueling Demand for Prof. Liability Coverage
Mar 22 2010 // A bulletin from Marsh’s London office notes that “following a prolonged period of inactivity for Initial Public Offerings (IPOs) as a result of the global recession…early signs of economic recovery and...
Lonmar Global Risks Launches in London
Mar 15 2010 // Lonmar Global Risks was officially launched at the end of last week, as a new and independent broker operating globally from its London base. The company formerly traded as SBJ Global Risks. Its re-branding as Lonmar...
Hiscox Underwriting Chief on 2010 Outlook
Mar 11 2010 // London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox...
Lloyd’s Chairman Visits Japan, So. Korea; Urges Closer Ties
Mar 11 2010 // Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working...
Montpelier Re Posts $104.7 Million Q4 Net Income; $463.5 Million Full Year
Feb 22 2010 // Bermuda-based Montpelier Re Holdings Ltd. reported greatly improved fourth quarter and full year financial results. The reinsurer’s fourth quarter net income was $104.7 million ($1.25 per share), compared to a loss...
Lloyd’s Releases 3-Year Strategy for 2010-12
Feb 8 2010 // Lloyd’s has released its 2010–2012 Strategy after a detailed review. The bulletin noted that it had consulted “over 50 managing agents, brokers and market associations” in assessing the...
Scott Joins Torus Insurance as Power & Utilities Underwriter
Feb 5 2010 // Torus Insurance announced that Louis Scott has joined its Power & Utilities team in London with immediate effect. He will report to Global Head of Power & Utilities, Ben Wilson, working closely with the now...
Six Experienced Execs Join Aon’s London Aviation Team
Feb 2 2010 // Aon announced that it has made six new appointments to its London-based General Aviation team, which specializes in industrial aid and commercial aircraft. “The appointments have been made to further improve business...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos
Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...
London Market Group Aims for More Modernization in 2010
Jan 22 2010 // The London Market Group (LMG) aims to continue the progress made in 2009 to modernize the London market’s procedures in an effort to maintain London’s competitiveness in the global insurance market. LMG...
Willis North America Appoints Swift as Chief Placement Officer
Jan 21 2010 // Willis North America (WNA), a unit of Willis Group Holdings (NYSE:WSH), named Alastair Swift to its senior management team as chief placement officer, effective immediately. Swift will report to Don Bailey, chairman and...
TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers
Jan 8 2010 // Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for...
New York Plans First Steps to Creating Lloyd’s Competitor
Jan 6 2010 // New York regulators are aggressively pursuing plans for a reincarnation of the New York Insurance Exchange and expect to assemble a “working group” of industry insiders within the next two weeks who will guide...
Drayer to Lead London American’s Allied Medical Department in Houston
Dec 22 2009 // Terry Morgan Drayer has joined London American Risk Specialists Inc. as senior casualty broker. Drayer will launch the firm’s new Allied Medical Department in the Houston, Texas, office. Drayer’s focus will be...
People
Dec 20 2009 // Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president. Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Ballard Joins Marsh Jewelers’ Block Insurance Team in London
Dec 7 2009 // Marsh has appointed Jonathan Ballard as the jewelers’ block specialist in the London office of its Specie Practice, which delivers insurance services and advice concerning the insurance of valuable property such as...
