London News

ABI Calls on MP’s to Improve Young Driver Safety

The Association of British Insurers urged the Government to take action to reduce the “number of young people killed or seriously injured on the UK’s roads,” particularly in the London area, where the ABI said, “more drivers between 17-21 are …

Sellek Named as Managing Director for Best Europe

A.M. Best Co. announced that Roger Sellek will be joining the rating agency as Managing Director – Global Financial Services for A.M. Best Europe in early May. He will work from Best’s London offices and will report directly to Larry …

Catlin Details Participation in LRCCL

A bulletin from the Bermuda-based Catlin Group Limited, whose operating companies also do business from the UK, the U.S. and Lloyd’s, notes that its Lloyd’s Syndicate 2003 “is one of the inaugural participants in Lloyd’s new reinsurance operation in China, …

Best Issues China Rating Report

A.M. Best Co. has released its country risk report on China, classifying it as “Tier III.” It can be accessed at: www.ambest.com.hk/countryrisk. Best also announced: “Louise Julier, General Manager, Business Development – Ratings for A.M. Best, will be attending Lloyd’s …

Thomas Joins Amlin Bermuda as Underwriter

Amlin Bermuda Ltd., Amlin’s wholly owned reinsurance business, has appointed Alun Thomas as an underwriter, reporting to Underwriting Director John Andrews. Alun joins from Aon Limited, where he was a director of North American Reinsurance in the Property Division. During …

My New Markets

Commercial Auto Nuts & Bolts: Texas Specialty Risk Programs is offering coverage on commercial auto fleets, 1-20 power units. Lowest pricing available. Same day quotes if requested. No loss info required. Submission only requires accord application and business accord auto …

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …

My New Markets

Identity Fraud Expense Reimbursement, Small Business Nuts & Bolts: To help the principals of small businesses overcome the effects of identity fraud, Travelers Select Accounts has identity fraud expense reimbursement coverage. The coverage covers the time and out-of-pocket expenses incurred …

Small London company uses computer archive to help find stolen art

The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …