London News

Dowell / IAS Announces New Marketing Alliance With The American Watchmakers-Clockmakers Institute (AWCI)

New Jersey based Dowell Insurance Agency, Inc., and Integrated Assurance Solutions (Dowell / IAS) announce a new marketing alliance with the American Watchmakers-Clockmakers Institute (AWCI) whereby Dowell /IAS will provide insurance coverages under an exclusive Program arrangement to the AWCI …

Willis Tracks Q3 Financial, Executive, Professional Risks Trends

A new survey from Willis Group Holdings has found that “premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000 – the low point of the last soft market.” The …

RI3K Simplifies E-Trading Prices

London-based RI3K, the electronic trading service, which handles many of Lloyd’s transactions, announced that it has simplified its pricing tariff. The move comes in response to “market criticisms over its pricing,” said the bulletin. From now on carriers will be …

Environmental Insurance Premiums ‘Stabilizing’ Says Willis

According to a survey from Willis’ London office, “premium levels for Environmental Liability Insurance have shown signs of stabilizing in the third quarter, but the good news for buyers is that coverage has been significantly enhanced and expanded, resulting in …

XL in Deal to Purchase Global Asset Protection Services from Swiss Re

XL Insurance, the global insurance operation of XL Capital Ltd., announced from its London office that it has entered into an agreement with Swiss Re to purchase Global Asset Protection Services LLC (GAPS), a loss prevention consulting service provider. XL …

Insurance Isn’t Dull, Says Kiln’s Creasy

Kiln’s Chief Executive Edward Creasy in his speech to the Insurance Institute of London (IIL) this week, sent a strong, and much needed message. As reported on the Lloyd’s web site (www.lloyds.com) , he said the insurance industry has to …

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. Miscellaneous Medical Malpractice Nuts & Bolts: NAS Insurance Services has an excess liability facility providing …

Locked Into the Customer

The force behind Lockton’s phenomenal organic growth Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual Insurance Journal Top 100 P/C Agency listing. What better place to …

S&P to Hold Conferences on European Bank Sector

Standard & Poor’s announced that it will be holding conferences on the European bank sector across Europe. The meetings will concentrate on “how financial institutions are managing their way through the various risks and challenges posed by the recent turbulence …

S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers

Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle East non-life insurers are generally rated lower than their U.K. counterparts, and in …