Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion ($4.9 billion), Andrew Duxbury, underwriting manager at Munich Re, told a German newspaper. “This was the sum of the insurable …
Global insurer RSA has become the latest member of the London-based Managing General Agents’ Association (MGAA), which now has 50 members with a combined underwriting capacity of £1.4 billion [$2.33 billion] in gross written premiums per annum. Reg Brown, chairman …
Ironshore Europe Limited announced three executive appointments in its London office, effective immediately, “to align management leadership with business development opportunities within European markets,” according to Fiona Marry, CEO of Ironshore Europe. Peter Coleman, who joined Ironshore at its inception …
A bulletin from the Association of British Insurers (ABI) indicates that “while insurers reacted quickly to help customers hit by last August’s riots, the riot compensation scheme has failed too many Londoners.” Presenting the figures at the London Assembly the …
Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on Wednesday. Responding to attacks in Congress on London’s regulatory record, …
The Lloyds’s Market Association (LMA) has joined central banks and other financial instiutions in preparing for a possible euro zone exit. It has issued a “note” giving insurers and brokers guidance on what they should be prepared to do in …
The UK’s Managing General Agents Association announced the appointment of Jane Comerford as General Manager. She will be responsible for all operational aspects of the Association’s activities, and will work closely with the MGAA’s Board on the formulation of strategy …
London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …
Global specialty insurer Torus announced that Tim Harris has joined the company as Group Chief Financial Officer. He is based in Torus’ London office, and reports to Clive Tobin, Torus Group Chief Executive. Harris has over 20 years’ experience in …
