All the headlines from our London Topic Page, ordered by recency.
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...
Jun 12 2013 // Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years.Colin Thompson, CEO of...
Jun 10 2013 // HCC Insurance Holdings announced the promotion of Simon Button to Chief Underwriting Officer for HCC International Insurance Company PLC and Lloyd’s Syndicate 4141 (known collectively as HCC International). He...
Jun 7 2013 // HCC Insurance Holdings Inc. has p[romoted of Simon Button to chief underwriting officer for HCC International Insurance Co. PLC and Lloyd’s Syndicate 4141, reporting to HCC International’s Chief Executive...
Jun 7 2013 // The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger.Insured losses may reach 2...
May 29 2013 // The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and products liability risks to £10 million ($15 million] and property risks to £50...
May 23 2013 // Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California’s cap-and-trade program.Parhelion, based in...
May 23 2013 // “A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars,” according to Lloyd’s...
May 9 2013 // Foreigners brought almost two-thirds of all lawsuits heard in London’s leading commercial court over the last five years, according to a new survey, cementing the city’s reputation as the venue of choice for...
May 1 2013 // Ebix Europe, a subsidiary of Atlanta-based Ebix, Inc., which provides global insurance trading platforms and messaging products, has been appointed by marine broker Ropner Insurance Services to provide its London market...
Apr 9 2013 // The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a...
Apr 8 2013 // Xchanging, the business process, procurement and technology services provider and integrator, announced that it has begun the roll out of free Wi-Fi access in the City of London.The announcement said “the first...
Mar 31 2013 // The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates.The...
Mar 26 2013 // According to the latest survey, conducted by the Financial Center Futures team at the London based Z/Yen Group, London, New York, Hong Kong and Singapore remain the top four centersThe GFIC’s top 10 financial centers...
Mar 1 2013 // In a major personnel move, global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford has appointed Shaun Hooper as president and chief executive officer of its wholesale, reinsurance broking and...
Feb 14 2013 // The European Union’s executive formally proposed on Thursday a tax on financial trading in 11 countries to raise up to €35 billion [$46.7 billion] annually, a step investors said would hit savers and pension...
Feb 12 2013 // U.S.-based Mystic Capital Advisors Group, LLC announced thay Andrew Bathurst and Highhurst Consulting Limited are to head its London investment banking initiatives.Bathurst previously served as CEO of Argenta Syndicate...
Feb 11 2013 // Ascent Underwriting, a specialist Managing General Agent (MGA) providing coverage for emerging cyber risks, has been launched in London, targeting clients ranging from micro businesses to international corporations.The...
Feb 8 2013 // Bermuda-based insurer Catlin said its profit fell short of analysts’ forecasts because of a bigger than expected claims bill from Superstorm Sandy and the Costa Concordia shipwreck.Catlin, operator of the biggest...