Latest London Headlines

People and Places

Feb 12 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...

People

Feb 11 2007 // William J. Mullaney was named president of MetLife’s Institutional Business segment. He succeeds Leland C. Launer Jr., who has decided to pursue other opportunities. Mullaney most recently served as president of...

Marsh Names Former London Lord Mayor Brewer as Vice-Chairman

Feb 6 2007 // Marsh Ltd., the international broker’s UK division, announced that Sir David Brewer CMG, until recently Lord Mayor of London, is to fill the newly created role of Non-Executive Vice Chairman, subject to the approval...

Swiss Re Sells London Office Building for $1.18 Billion

Feb 5 2007 // Swiss Re has agreed to sell its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion). The transaction is expected to close...

Electronic Trading/Processing Surges at Lloyd’s

Feb 5 2007 // “A quarter of all premium transactions in the London market are expected to be handled electronically by the end of the month,” said a recent bulletin on the Lloyd’s web site (www.llloyds.com). The...

City Disaster Teams Share Lessons from Terrorist Attacks

Feb 5 2007 // Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and...

New Markets

Jan 29 2007 // Apartment Property Program Nuts & Bolts: Houston-based London American Risk Specialists Inc. has an Apartment Property Program endorsed by the National Apartment Association. The program is available in the...

People and Places

Jan 29 2007 // Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by a...

People and Places

Jan 29 2007 // Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities...

Jan 28 2007 // People Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by...

AAMGA Leaders Conclude ‘Fact-Finding’ London Trip

Jan 26 2007 // Insurance may be local, but it doesn’t have to be handled exclusively in the state, or even the country, where it’s needed. For the surplus lines market that means Lloyd’s, which explains the annual visit...

London Market Reform Group Unveils 2007 Business Process Plan

Jan 15 2007 // The Market Reform Group (MRG) has produced its plan for continuing to modernize London market processes throughout 2007 and beyond. “Following full consultation with market firms, the plan sets out the group’s...

Catlin Updates Progress on Wellington Acquisition/Integration

Jan 12 2007 // Bermuda-based Catlin Group Limited has announced further details on progress relating to the acquisition and integration of Wellington Underwriting plc (See IJ web site Oct. 30, Dec. 19, 2006 and related articles). To...

Tony Markel Comments on Lloyd’s

Jan 10 2007 // Tony Markel, president and COO of Markel Corporation, has expressed his satisfaction at the progress Lloyd’s has made and the London market’s current strong financial condition. In a comment on the...

Marsh Names Bagnall Sales and Development Leader of London FINPRO Office

Jan 9 2007 // Marsh has appointed David Bagnall as new sales and business development leader in the London office of its Financial and Professional Services Practice (FINPRO), the broker’s worldwide professional services division....

New Markets

Jan 8 2007 // Commercial Property Managers Nuts & Bolts: The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and...

New Markets

Jan 7 2007 // Commercial Property Managers Nuts & Bolts: The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and...

HRH Completes Glencairn Purchase

Jan 3 2007 // Hilb Rogal & Hobbs announced that it has completed the previously announced acquisition of the stock of the London-based Glencairn Group Limited, effective January 1. (See IJ web site Dec; 21, 2006). Terms of the...

2006: Soft market offers up many new insurance products

Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...

New Markets

Dec 25 2006 // Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its...