London News

Lloyd’s of London Insurance Broker, Endeavour Insurance Services Limited, Announces New Appointments

Lloyd’s of London Insurance Broker, Endeavour Insurance Services Limited, Announces Appointment of Mr Charles Reeves, Mr Stuart Williams and Mr Ian Duff Lloyd’s of London Insurance Broker, Endeavour Insurance Services Limited, has announced that Mr Charles Reeves, Mr Stuart Williams …

Aon Launches ‘Loss of Earnings’ Piracy Insurance Policy

Aon’s specialty group announced from London that it has launched a new insurance policy for charterers, shipowners and cargo owners to cover loss of earnings from a ship being detained by pirates. Aon noted: “There have been over 50 reported …

Catlin Strengthens Product Recall Teams in Sydney, London

The Bermuda-based Catlin Group Limited announced that it has “significantly strengthened its leadership position in crisis management underwriting with the addition of two experienced product recall insurance underwriters.” Steven Ward will join Catlin Australia in Sydney as a dedicated product …

UK’s Chartered Insurance Institute to Hold Counter Terrorism Workshop

The UK’s Chartered Insurance Institute Group’s London Market Faculty has teamed up with the National Counter Terrorism Security Office (NaCTSO) and the Metropolitan Police Counter Terrorism Command to hold a counter terrorism workshop for all businesses in the insurance industry. …

North Carolina Security Firm in Anti-Piracy Meetings in London

North Carolina-based private security contractor Blackwater Worldwide is meeting with shipping and insurance companies this week to describe what the company can do to protect vessels traveling through the volatile Gulf of Aden. Blackwater is holding meetings in London from …

Philadelphia Food Workers Claim Bias, Sue for $200M

Black cafeteria workers at Philadelphia’s newest skyscraper claim in a $200 million lawsuit that they have endured racist remarks, job discrimination and retaliatory firings. Eleven plaintiffs filed the federal suit Monday against the Compass Group, a company that handles food …

Marsh Sees Recession as Creating Opportunities for UK Companies

Following a survey, conducted in some of the UK’s largest cities, Marsh has concluded that “UK firms believe that the downturn will create opportunities to improve their operational efficiency, acquire quality businesses at favourable prices and secure brand leadership.” However, …

Gregorio to Head Navigators’ Professional Liability Division

New York-based specialty insurance holding company The Navigators Group Inc. has appointed Reina Gregorio president of its Professional Liability division. Gregorio previously ran the domestic professional liability business of XL Insurance. She has over 27 years of insurance experience. Gregorio …

Ratings Recap: Eureko, Steamship, QBE (Notes), SOLID

Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term counterparty credit rating on Eureko B.V. and the ‘A+’ long-term counterparty credit and …

Insurers Ponder Risk of Encouraging Trees to Fight Global Warming

Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke. Under U.N. plans, owners …