London News

Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written

Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported and not financial results. The interim statement includes the following …

Aon Revises London Short Excess Liability Follow Form for Global Clients

Aon Risk Solutions, the global risk management business of Aon plc, has released its latest London Short Excess Liability Follow form policy (London Short #2) to provide clients with more contract certainty, clarity and consistency of coverage. The previous version …

First Capacity Exchange Hailed as Success by MGA’s, Insurers

The inaugural Managing General Agents’ Association (MGAA) capacity exchange has been hailed as a success by insurers and MGA’s alike as an effective route to identifying and developing new products and scheme opportunities. The event, held last week at the …

Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity

Mitsui Sumitomo at Lloyd’s announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its Professional Lines operation. Wood joined Mitsui Sumitomo at Lloyd’s in 2009. He has been underwriting PI risks in the London market …

Arc Legal Launches e-Underwriting Legal Expense Plan for Families, Landlords

London-based Arc Legal Assistance announced the launch of “two legal expenses schemes for e-Underwriting, the new division of OIM Underwriting Limited, to provide cover as part of its household and property owners portfolios.” Arc Legal said its “Family Legal Protection …

Ebix Acquires Online Insurance Tech Provider TriSystems

Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired London-based TriSystems Ltd., an online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London intermediaries and insurance …

Catlin Names Curran to Head London Casualty Operations

The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin’s London based underwriting operations. He will have responsibility for “a wide range of business classes underwritten by the Catlin Syndicate at Lloyd’s and …

Olympics: IOC President Closes ‘Happy and Glorious’ Games

The London Olympics were described as “happy and glorious” by International Olympic Committee President Jacques Rogge on Sunday as he officially closed the 30th Summer Games. “These were happy and glorious Games,” Rogge told cheering competitors and spectators packed into …

Allianz Adds London, Nice Stadiums to Its ‘Family’

Germany’s Allianz announced that it has added two new stadiums to the Allianz Family of Stadiums. Allianz France signed a long-term naming rights contract for the new “Allianz Riviera” in Nice, and Allianz in the UK signed a partnership agreement …

UIB Restructures Property Team to Promote Growth

London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division’s revenues. UIB appointed Mark Ritson, formerly a UIB Energy director, to head the property division and to spearhead its growth. The team has …