London News

ACE Europe Names Cryer UK, Ireland Commercial Property, Package Product Manager

Ace European Group has named Stephanie Cryer as its UK and Ireland Commercial Property and Package Product Manager. She joins ACE from Chubb where she was most recently the London Strategic Marketing manager and previously the London Property Underwriting Manager. …

Lloyd’s Names Barred from Action Against U.K. Government

A decision by Justice Langley, of the High Court in London, has dismissed a class-action lawsuit brought by Lloyd’s “Names”, individual investors, against the British government for the financial losses they suffered during the 1980’s and ’90’s. More than 1,000 …

Hiscox USA Offers Technology E&O

Hiscox USA, part of the Hiscox Group, a provider of specialty insurance, is now licensed to provide technology errors and omissions (E&O) insurance to U.S. businesses directly from its two New York locations. Neil Bolton, lead Technology, Media & Telecom …

Best Affirms Berkley (Europe) ‘A’ Rating

A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating (ICR) of “a” of London-based W.R. Berkley Insurance (Europe) Limited (WRBIEL) with a stable outlook. Best said that it its opinion “WRBIEL’s stand-alone …

Best Upgrades London General to ‘A-‘

A.M. Best Co. has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) of the U.K.-based London General Insurance Company Limited (LGI) and Combined Life Assurance Company Limited (CLAC). Best also assigned an issuer credit rating of …

Navigators Pro Targets Professional Liability for Accounting Firms

Navigators Pro, a division of Navigators Management Co., has introduced a new professional liability policy for accounting firms. Called the APL InNAVation, the policy provides coverage for accounting firms, their partners, accountants and staff who are legally obligated to pay …

U.S. legal precedents assume larger role in corporate oversight

European PLUS conference explores an emerging international D&O market Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income sources. …

Submitting, underwriting and placing lawyers professional liability

Lawyers professional liability belongs with the selected “traditional” professional liability lines, such as physicians, accountants and architects/engineers. While licensure varies by state, the lawyer must pass an examination to be licensed to practice in a particular state, thus becoming a …

Submitting, underwriting and placing lawyers professional liability

Lawyers professional liability, sometimes called legal malpractice, belongs with the selected “traditional” professional liability lines, such as physicians, accountants and architects/ engineers. Lawyers, in particular, are required to have a four-year college degree prior to being accepted in law school. …

New Markets

High Value Homeowners Program Nuts & Bolts: Crawley Warren Insurance Services Inc. announced its new customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product is designed for dwellings over $750,000, but is available …