London News

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Kidnap and Ransom Coverage Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is offering …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Gas Utilities Distribution Nuts & Bolts: London American Risk Specialists Inc. is offering all lines …

La.’s Valued Policy Law: New Teeth for Hurricane Claims?

Property damage from hurricanes primarily comes from two sources: wind and water. Insurance coverage for property damaged by wind, and by rain water which enters the property as a result of wind damage, is generally provided through homeowner and business …

European Risk Managers, Industry Face New and Not so New Challenges

FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the industry’s ability to compete is being jeopardized. European risk managers face the same …

Commercial Insurers’ Stocks Flat in 2007; M&As Heat Up

Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large publicly traded companies were acquired by …

Heathrow Crash Won’t Raise Aviation Rates Says Lloyd’s

The recent “incident” at London’s Heathrow Airport (a British Airways Boeing 777 lost power just before landing and nearly crashed injuring several passengers) is not going to cause any significant rise in aviation premiums. According to a bulletin on the …

Swiss Re Moves Carbon Emission Facility to London

Swiss Re has moved its carbon emissions desk from New York to London and hired additional staff to accommodate recent growth in the carbon markets. “London has become the epicenter for carbon markets due to the presence of key players …

Marsh Opens China Advisory Unit

Marsh’s London office reports that the insurance broker has launched a London-based division of its China Global Client Services practice. The new division, headed by Robert Wendin, will provide “comprehensive risk advisory and insurance services to clients across Europe, the …

N.Y. Panel Urges London-Style Financial Services Regulation

A commission helping redraft the regulatory framework for New York’s finance industry is considering placing greater emphasis on “principles” than on strictly defined rules, Gov. Eliot Spitzer said. Regulations based on broad guidelines — such as “observe proper standards of …