Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
EnPro Industries, Insurers Settle Asbestos Dispute
Nov 30 2004 // EnPro Industries on Tuesday announced that it has reached an agreement to settle the current and future asbestos-related insurance claims of EnPro subsidiaries against the vast majority of its solvent London-market...
S&P Affirms Steamship P&I London ‘A-‘ Ratings
Nov 29 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and insurer financial strength ratings on The Standard Steamship Owners’ P&I Association...
Willis Moving to Lime Street; Signs New London Headquarters Building Lease
Nov 24 2004 // Global insurance broker Willis Group Holdings is moving its world headquarters to Lime Street – across the street from Lloyd’s. Chairman and CEO Joe Plumeri has signed a Lease Agreement for the property at 51...
Hurricane Spitzer to Take London by Storm
Nov 22 2004 // QUOTE:This will impact every underwriter in Lloyd’s and most in London, given the distribution chain they inhabit. There’s still some sense of disbelief here in London at the moment. Hurricane Spitzer seems to...
Carvill Launches London Reinsurance Operation
Nov 11 2004 // Carvill, a leading reinsurance intermediary in Specialty business, announced the launch of Carvill Re, to provide a “dedicated focus to expanding Carvill’s relationships in the London reinsurance...
Best Places Zurich’s London Unit Under Review
Nov 11 2004 // A.M. Best Co. announced that it has placed the financial strength rating of “A” (Excellent) of U.K.-based Zurich Specialties London Limited (ZSL) under review with negative implications. Best explained that it...
ACE European Group Set to Become Third Largest U.K.-Based P/C Insurer
Nov 9 2004 // ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based...
London Market Faculty Opens for Membership
Nov 5 2004 // The U.K.’s Chartered Insurance Institute (CII) announced the opening of its new London Market Faculty at a special reception held at London’s newest landmark – Swiss Re’s London headquarters...
Best Comments on Zurich Sale of Turegum Insurance
Nov 1 2004 // A.M. Best Co. announced that Zurich Financial Services Group’s (ZFS) “A” (Excellent) financial strength rating and that of its core subsidiaries will remain unaffected following the sale of Turegum...
Jail Time for Consultant Nabbed Selling Policies Under Lloyd’s Name
Oct 29 2004 // Robert Damon-Aspen has been jailed for two and a half years for deception conducted through his internet-based insurance intermediary business CFT Group Insurance Services. He reportedly used the Internet to take premiums...
London’s Muted Reaction to Spitzer Investigations
Oct 28 2004 // The London market in general and Lloyd’s in particular has not been overly verbose in commenting on New York State Attorney General Eliot Spitzer’s ongoing investigation of the insurance industry. Apart from a...
S&P Affirms UMS Generali Marine ‘A-‘ Rating
Oct 6 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A-” long-term counterparty credit and insurer financial strength ratings on UMS Generali Marine SpA (UMS) with a positive...
Aspen Announces Plans to Expand and Diversify; Best Comments
Oct 1 2004 // Aspen Insurance Holdings Limited announced from its Bermuda headquarters the next stages in the development of its corporate strategy as it expands its business in Bermuda and further diversifies its operations. “In...
Lloyd’s Continues Push for Business Process Reform
Sep 27 2004 // Anyone who has ever visited Lloyd’s ultra-modern headquarters building on London’s Lime Street is struck by an odd anomaly. Despite the fact that every underwriter’s desk duly sports the obligatory...
XL Opens New London Office with Charitable Donation
Sep 22 2004 // XL Capital Ltd. is moving into new offices for its London operations, and will mark the occasion by announcing the insurer’s financial commitment to the UK charity Community Links — an East London organization...
Golson Joins Aspen as Marine Hull Underwriter
Sep 8 2004 // Aspen Insurance UK Limited announced from London that Kevin Golson has joined the Company as a marine hull underwriter. “Kevin has over 25 years experience in the marine market, focusing on complex, technically...
First EU Healthcare Fraud Conference Set for 18-19 October in London
Sep 7 2004 // Expanding information and sharing intelligence will be the focus of Europe’s first ever Healthcare Fraud and Corruption Conference, scheduled to be held in London on 18/19 October 2004. The conference sponsors noted...
Aspen To Develop London-Based Aviation Market
Sep 3 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that it intends to further expand its London market insurance portfolio by recruiting a new team to develop an aviation insurance account from 2005. Aspen Insurance...
ACE Financial Solutions Names Swayne Exec. VP
Sep 1 2004 // ACE Financial Solutions International (ACE FSI), one of the ACE Group of Companies, announced the appointment of Guy Swayne to the new post of Executive Vice President. Swayne will be based in Bermuda and will be...
Allied World Opens London Office
Aug 31 2004 // Bermuda-based Allied World Assurance Holdings, Ltd., announced that its subsidiary, Allied World Assurance Company (Reinsurance) Limited (AWAC Re) has established and opened a branch office in London. AWAC Re commenced...
