Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on strengthening Lloyd’s existing relationships and developing new ones within …
Marsh has appointed Nicola James, who recently completed its Graduate Program, as a Consultant in its London-based Strategic Risk Practice. She will work with clients’ senior management teams globally to ensure that risk management is being used as an effective …
Standard & Poor’s Ratings Services has concluded that “Europe’s insurers are allowing themselves to be caught up in the gloom that shrouds equity and capital markets.” In a report entitled – “European Insurance Sector’s Credit Quality Remains Healthy Despite Gloomy …
Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda) Ltd. Graham Wood has joined the Oxygen Re team and plans to take …
Standard & Poor’s Ratings Services has issued an analysis of the U.K. motor insurance industry’s reported results, which concludes that “healthy reported numbers continue to hide high releases from prior-year reserves.” “The stable performance indicated by the headline results, as …
Liberty International Underwriters (LIU), part of Liberty Mutual Group, has launched a global crisis risk management initiative that introduces new products such as kidnap, ransom and extortion; contaminated products; and product recall. LIU’s new products, along with the trade credit, …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on marine mutual insurer Norwegian Hull Club (NHC) to ‘A-‘ from ‘A’. The outlook is stable. S&P said the “rating action reflects the extent …
Lloyd’s Sixth Annual London City Dinner at Merchant Taylors’ Hall on Thursday night featured a keynote address by the Governor of the State of Rio de Janeiro, Sérgio Cabral. In his opening remarks Lord Levene, Chairman of Lloyd’s, described the …
Fireman’s Fund Insurance Company, the California-based U.S. operations of Germany’s Allianz SE, announced that it is expanding its operation with the opening of a London office, “which offers film underwriting to European production companies.” Ian Mercer, an insurance executive with …
Professional Program Insurance Brokerage is offering programs for the tattoo and body piercing, medispa, laser/IPL, tanning/beauty and yoga/pilates industries. Policies are packaged premises and professional liability, with the ability to include property in most states. Limits are from $100,000 to …
