Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Allied World Establishes Syndicate 2232 at Lloyd’s of London
Jun 10 2010 // Bermuda-based Allied World Assurance Company Holdings announced that it has received approval from Lloyd’s of London to establish a new syndicate. Designated Syndicate 2232, with the pseudonym AWH, Allied World said...
Braemar Marine Expands in London, Singapore, Europe
Jun 3 2010 // Braemar Marine Inc, the marine claims and risk assessment specialist, has expanded its operations in both London and Singapore through with a series of key appointments. Chris Lunda, Formerly the VP of Braemar in the U.S.,...
Prudential Deal Exit Raises Prospects for AIA IPO
Jun 2 2010 // UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG’s Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced. The widely expected...
Lloyd’s Market Association Appoints Hurst-Bannister as Chairman
May 28 2010 // Barnabas Hurst-Bannister, Chairman of Travelers Syndicate Management Limited, has been elected Chairman of the Lloyd’s Market Association (LMA), which represents the interests of the Lloyd’s underwriting...
London American Risk Now Offering Small Commercial Standard Lines
May 28 2010 // London American Risk Specialists Inc., based in Houston, Texas, has contracted with Travelers Insurance Co. to offer small commercial standard lines business through the firm’s Select Division. London American will...
Lloyd’s CEO Calls for ‘Underwriting Discipline’ In Face of a ‘Tough Year’
May 19 2010 // Lloyd’s CEO Richard Ward issued a warning to insurance chiefs to prepare for a tough year ahead with the fall-out from large scale catastrophes, such as the Chilean earthquake and Transocean oil spill, likely to be...
Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted
May 18 2010 // President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP...
Volcanic Ash Grounds European Flights
May 17 2010 // Volcanic ash from Iceland caused widespread disruption at airports in Britain and other parts of northern Europe on Monday, grounding 1,000 flights and delaying hundreds of thousands of passengers, aviation officials...
Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan)
Apr 29 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
Flights Resume in Parts of Europe
Apr 20 2010 // Flights from large parts of Europe are set to resume on Tuesday under a deal agreed by the European Union to free up airspace closed by a cloud of ash hurled into the sky by an Icelandic volcano. However, with the cloud...
ACE Tempest Re Names Roberts Managing Director for International
Apr 14 2010 // Bermuda-based ACE Tempest Re Group has appointed Steve Roberts as managing director of its international business, which includes operations in London, Zurich, Sao Paulo and Shanghai. Roberts is currently the deputy...
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...
