London News

Bloomenkranz Named Chief Marketing Officer for Progessive Corporation

Larry Bloomenkranz has been named chief marketing officer for The Progressive Corporation in Cleveland, Ohio, The announcement was made by Paul-Lawrence Associates, an executive search firm. Bloomenkranz, who began his new position at Progressive on April 28, was previously the …

Roberts to Lead Marsh’s London Strategic Risk Practice

Marsh announced the appointment of Stephen Roberts as Leader of its London-based Strategic Risk Practice. He will report to Eddie McLaughlin, Head of Marsh’s Business Risk Consulting Group. Marsh said its “Strategic Risk Practice identifies and analyses risks relating to …

Catlin Syndicate Leads Coverage for Europe/China Rail Cargo Link

The Catlin Syndicate, the largest syndicate at Lloyd’s of London in terms of premium capacity, is leading the cargo insurance coverage for goods transported by an innovative new rail container service linking Europe with China. The Company’s bulletin noted that …

Gill to Head New Ernst & Young UK Run-off Operation

Kevin Gill joins Ernst & Young as lead partner for the firm’s newly-created insurance run-off team. Based within the firm’s Financial Services’ transaction advisory services practice in London, he will be responsible for building Ernst & Young’s existing capabilities in …

Lifting the Lid: Accounting Rulemakers to Speed Up Convergence

Get ready for a flurry of new accounting rules. U.S. and foreign accounting rulemakers will soon debut a new plan to speed up the convergence of international and U.S. accounting rules, with the aim that all major capital markets would …

Texas Lawmakers Hear Testimony on Injured Worker Ruling

Relatives of those killed in a 2005 BP plant explosion and other industrial accident victims are urging the Legislature to undo a Texas Supreme Court ruling in a high-profile workplace injury case. “If no one is held accountable, then nobody …

US, China Accounting Standards Groups to Cooperate

Accounting standard setters for the United States and China have signed an agreement designed to strengthen cooperation and communication between the two countries, the Financial Accounting Standards Board said Monday. The memorandum of understanding, signed April 18, will help the …

Lloyd’s Lord Levene’s L.A. Speech Lauds London

Lloyd’s Chairman Lord Levene told an audience of around 100 business executives in Los Angeles on Friday that London’s strengths as a leading global financial center have not been diminished by the credit crunch. Addressing the subject of current economic …

Aon UK Exec Harmer to Chair London Market Reform Group

Peter Harmer, Chief Executive of Aon UK, is to become Chairman of the London Market Reform Group (MRG). He succeeds Stephen Matanle, Managing Director of Libero Ventures Ltd. Harmer stated he is “delighted to accept the role as Chairman of …

Integro Expands London Casualty Practice

Integro announced the hiring of two established brokers who will join the firm’s Casualty practice in London – Andrew Park and Jonathan Bines. Park brings considerable technical knowledge and 25 years broking experience, the past 10 years at Lockton’s London …