London News

Aon Appoints Roberts ‘Global Practice Leader’ for Power

Aon Corporation has appointed Hamish Roberts as Global Practice Leader for its power business. He will lead the global power strategy with an immediate focus on building Aon’s strength and capabilities in the industry sector in the UK and the …

RI3K Launches New London Market E-Message Service

London-based service provider RI3K announced the completion of its new message service for the insurance and reinsurance industry, following extensive trials to assure that “it is scalable, secure and fit for purpose,” said the bulletin. The RI3K Message Service offers …

S&P Comments on Reinsurer’s Diversification Efforts

In a new report, issued as one of several in conjunction with the annual Reinsurance Rendezvous in Monte Carlo, Standard & Poor’s Ratings Services examines the efforts of global reinsurers to diversify their portfolios. The report titled “Reinsurer Diversification: A …

S&P: Bermuda Reinsurance Class Of 2001 Doing Well

Standard & Poor’s Ratings Services has published a commentary, titled, “Bermuda Class Of 2001: Five Years On,” which examines the present state of recent Bermuda reinsurance start-ups. S&P’s report notes that the new Bermuda companies – the majority were formed …

XL Names Gould Sr. Counsel/Secretary

Bermuda’s XL Capital Ltd. has appointed Kirstin Romann Gould as General Counsel of the Company, taking over from Charley Barr who will be leaving XL this month. In addition to her new role, Gould will continue to carry out her …

S&P Sees Stability in Asia-Pacific Reinsurance Markets

Standard & Poor’s Ratings Services’ new report – “Asia-Pacific Reinsurance Markets Remain Stable Despite Softening” – indicates that ratings on global and domestic reinsurers in the Asia-Pacific markets are expected to remain stable, “reflecting regional market growth, satisfactory underwriting results, …

S&P Publishes Reinsurance Reports

Standard & Poor’s Rating Services has issued a series of reports on the global reinsurance industry, timed to appear as the annual Reinsurance Rendezvous opens its doors in Monte Carlo. The meeting, which features three days of talking, networking, deal …

Lloyd’s Dinner Features Lord Levene, NATO Head on Global Concerns

Lloyd’s held its fifth “Annual City Dinner” on Wednesday night, Sept. 5. A cross section of business and government leaders in attendance heard from Lloyd’s Chairman Lord Levene and the Secretary General of NATO Jaap de Hoop Scheffer. In his …

Catlin Posts $162 Million 1H Net

The Bermuda – based Catlin Group Limited announced from its London offices that income before tax for the first half of 2007 was $190 million after acquisition effects. Net income was $162 million. The earnings announcement cited the following highlights: …

Fla. CFO to Visit U.K. to Discuss Climate Effects on Insurance

Keith Allan, Her Majesty’s Consul General of Miami, invited Florida Chief Financial Officer Alex Sink to meet with British leaders in London in early November. Sink will meet with experts at the London School of Economics and the Royal Bank …