Kuwait’s landmark offer for London’s Willis Building this week has given the prime City office market a lift, but is not the beginning of the end for Britain’s property downturn. By agreeing to buy the building for £400 million pounds …
The City of London – a roughly one square mile area along the north bank of the Thames – is the heart of the UK’s financial and insurance industries. So when Aon warned that the area is at risk from …
Bermuda’s XL Capital Ltd. is holding its third annual employee volunteer day — known as the “Global Day of Giving” — today Wednesday, May 21. The day is dedicated to supporting the communities in which XL companies operate. XL said …
Lockton’s reinsurance division has appointed Michael Quy as Executive Director responsible for developing the global insurance broker’s specialist Engineering & Construction treaty reinsurance team. He will reestablish an old partnership in London with former colleague Julian Wood to diversify Lockton’s …
RI3K, the London-based trading platform for reinsurance and commercial risks that is changing the face of the Lloyd’s market, has seen its breakthrough efforts rewarded. Following last year’s unprecedented six ACORD Awards, RI3K recently picked up three additional trophies. RI3K …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on property/casualty insurance brokerage operations. Prior to being promoted …
The largest satellite “launch insurance package ever placed has been completed by broker Willis Inspace, with a Lloyd’s underwriter leading the risk,” for Europe’s Eutelsat, the world’s third largest satellite operator, notes an article on the Lloyd’s web site (www.lloyds.com). …
U.S. investor Warren Buffett is not interested in bidding for Royal Bank of Scotland’s (RBS) insurance arm and expects fallout from the credit crunch to keep roiling financial markets, he said on Monday. “I have ruled out doing anything with …
MyNewmarkets.com, the Web site with a searchable online directory that brings together agents seeking property/casualty insurance markets with the market providers, is expanding its content to include in-depth analysis and reporting on technical and coverage issues. Christopher J. Boggs has …
The Bermuda-based Catlin Group Limited, which also does business in the U.S. and the Lloyd’s Market, has released an interim earnings statement, following the Company’s Annual General Meeting, indicating that its results were “in line with the outlook for 2008 …
