London News

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. Jewelers Block Nuts & Bolts: Jewelers Block is offering coverage including retail, wholesale and manufacturing …

People

Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …

People

Dallas-based regional insurer, The Republic Group, appointed Jim Drawert to the new position of vice president – Industry Relations. Additionally, Cathy Link has joined Republic as chief underwriting officer. Drawert joined Republic in 2003 as vice president – chief underwriting …

Contractors’ Insurance: The Hard Sell for the Soft Market

Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the industry’s softening market. A couple …

People

Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …

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 Agencies Nuts & Bolts: Travis-Pedersen & Associates of Arizona LLC is offering …

Lloyd’s GCube Promotes Growth in Renewable Energy Sector

“GCube, the insurance entity spun out of Lloyd’s managing general agency WindPro, has opened its doors to business on both sides of the Atlantic,” notes a bulletin on the Lloyd’s web site (www.lloyds.com). “GCube Underwriting Limited (GCUL) in London and …

St. George Re – Backed by Berkshire – Aims to Slay Asbestos Dragons

Asbestos related claims have been an albatross around the neck of the insurance industry for over 20 years. They almost caused Lloyd’s to collapse in the 1990’s. However, there now appears to be some new hope on the horizon that …

Starr, First Reserve Form New Lloyd’s Syndicate

Starr Managing Agents Ltd. (SMAL), the Lloyd’s unit of C.V. Starr & Co., has concluded a partnership arrangement with First Reserve Corporation, a private equity firm specializing in the energy industry, to form Lloyd’s Syndicate 2243. “The new syndicate will …

Marsh Reorganizes into U.S./Canada and International; New Executives Named

Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …