All the headlines from our London Topic Page, ordered by recency.
Oct 25 2013 // Southern England is girding for 90 mile-per-hour winds as the biggest storm since 1990 is forecast to fell trees and damage buildings.Rain and high winds are predicted to lash the area on the evening of Oct. 27 through to...
Oct 22 2013 // Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from the London corporate specialist market to pre-selected insurers.Underwriters in the...
Oct 15 2013 // Property/casualty insurance wholesaler, IMS/London American, announced that Don Lundy has joined the company as vice president/branch manager for its San Antonio, Texas, location. Lundy most recently served as vice...
Oct 2 2013 // When Britney Spears takes the stage this December for the first of a heavily hyped 100-show two-year residency at Planet Hollywood in Las Vegas, the loudest cheers may come from her insurance underwriters.Along with the...
Oct 2 2013 // Aspen Reinsurance has appointed Jamie Lewis as head of its casualty reinsurance business in London. Lewis will be responsible for developing Aspen Re’s book of casualty reinsurance treaty and facultative business...
Sep 26 2013 // Xchanging, the business process, procurement and technology services provider, has launched a free wifi service for the London Underwriting Center (LUC), home to many insurance businesses. The service will support the...
Sep 25 2013 // Birmingham, Alabama-based medical liability insurer ProAssurance Corp. will be the majority capital provider to the proposed new Syndicate 1729 at Lloyd’s of London.Its planned inception date is January 1, 2014. The...
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million.JLT said the acquisition would provide “a very strong...
Sep 12 2013 // London police must repay the insurers of a warehouse that held Sony Corp. goods, damaged in riots that spread through the city in the summer of 2011, a judge ruled.Judge Julian Flaux said the attack on a building in north...
Sep 5 2013 // A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire Hathaway announced in March, which automatically shares a percentage of premiums...
Aug 29 2013 // A painting bought by a British naval doctor for 140 pounds ($218) in 1962 may now be worth as much as 10 million pounds if his descendant can prove it’s a Caravaggio.The authenticity of “The Cardsharps”...
Aug 13 2013 // Aon plc is making the best of its new London domicile. With its roots in Chicago, the home of one of the National Football League’s most historic teams, Aon has embarked on bringing NFL football to the UKAon...
Jul 29 2013 // Hiscox Ltd., the second-biggest Lloyd’s of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums.Net income...
Jul 23 2013 // Cooper Gay & Co Ltd, part of the Cooper Gay Swett and Crawford (CGSC) Group, has participated in the establishment of the first Lloyd’s of London coverholder plaque in the Bahamas, as the broker joined an event...
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Jul 18 2013 // Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million...
Jul 16 2013 // Investigators are looking into whether a fire on a Boeing Dreamliner in London last week was caused by the battery of an emergency locator transmitter built by Honeywell International Inc, according to a source familiar...
Jul 8 2013 // Ping An Insurance Group Co., China’s second-largest life insurer, agreed to buy the Lloyd’s of London building from a Commerz Real AG-managed fund, two people with knowledge of the transaction said.A Chinese...
Jun 21 2013 // “The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon...
Jun 17 2013 // The average cost of a wedding in 2012 was $25,656. (Travelers) The average wedding insurance premium for a $25,000 wedding ranges from $320 to $420. (Reuters, Travelers) 24 percent of wedding insurance claims in 2012 were...