London News

Moody’s: US Sub-prime Crisis has ‘Limited Direct Impact’ on European Insurers

The London office of Moody’s Investors Service has issued a new “Special Comment” analyzing the current crisis in the US sub-prime mortgage market and “the related uncertainty surrounding structured vehicles.” The rating agency concludes that it “will not have a …

State Auto Mutual Elects New Director

Columbus, Ohio-based State Automobile Mutual Insurance Co. recently announced that Alison Coolbrith has been elected to its board of directors. Coolbrith of Bloomfield, Conn. is the principal of A&B Enterprises, a firm offering management consulting services to insurance firms, software …

Marsh to Work with Diamond Broker

Marsh UK announced that it has arranged to work with world-wide diamond trade insurance broker Driesassur NV, as part of its Specie Practice, “which delivers insurance services and advice concerning valuable property, precious metals and stones in transit or at …

Lloyd’s to Unveil New Marine Policy Contract Wordings

Lloyd’s announced that “experts from across the Lloyd’s and London markets are set to unveil a suite of new contract wordings for the marine market in the coming weeks and months.” Spurred by the ongoing growth in marine transport, a …

S&P Forecasts a ‘Challenging Environment’ for Global P/C Insurers

Standard & Poor’s Ratings Services has issued a report entitled “Global Multiline Insurers Brace For A Testing Second-Half 2007 As Property/Casualty Market Languishes,” on its RatingsDirect service. The title is self-explanatory. S&P indicated that, “despite some recent upgrades, global multiline …

Executive Perils Names Livingston VP/Broker

Los Angeles-based Executive Perils has named Bridget Livingston vice president/broker. Livingston brings technical expertise, strong education and industry experience to her new role. She graduated from Michigan State University with a BA in finance. She also completed two semester study …

Agent maestro conducts instrument insurance program

The string bass with vintage 1860 wood that was purchased in London began to fall apart a month after it was relocated to New England. Another casualty of climate change? Sort of. According to Peter Anderson, an agent who specializes …

Agent maestro conducts instrument insurance program

The string bass with vintage 1860 wood that was purchased in London began to fall apart a month after it was relocated to New England. Another casualty of climate change? Sort of. According to Peter Anderson, an insurance agent who …

ACE Overseas New Construction Unit

ACE Overseas General has formed a new international construction practice group to address the world’s growing regional commercial construction and infrastructure activity. Vice President David Walters, based in London will lead ACE International Construction, reporting to Paul McNamee, Senior Vice …

Bromley Named Vice-Chairman of Aon Re Global

Aon Corporation announced from its offices in London and Chicago that Geoffrey (Geoff) Bromley will join the company as vice chairman of Aon Re Global. He will “lead Aon Re’s operations in the United Kingdom, Europe, Africa and Middle East …