London News

Texas Court Gives New Life to Contractual Liability Exclusion

Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual claim is covered? A recent case helps explain some …

JLT Expands International Network with 3 New Agreements

UK-based broker Jardine Lloyd Thompson announced a major expansion of its JLT International Network in Continental Europe and the CIS countries. “Three of Europe’s leading independent insurance brokers, SIACI SAINT HONORE (S2H), GrECo Group (GrECo) and Ecclesia Group (Ecclesia) have …

Lloyd’s Lauds Buoyant Brazil

Lloyd’s Chairman Lord Levene, speaking at a recent Lloyd’s seminar in Rio de Janeiro, gave high marks to the successful establishment the Lloyd’s market has made in Brazil, describing it as “uniquely qualified to support Brazil in its transformation into …

New York Reopens Probe of AIG’s Cassano

New York State Attorney General Andrew Cuomo reopened his investigation into former American International Group Inc. executive Joseph Cassano after U.S. authorities ended their own probes, Bloomberg reported, citing a person familiar with the matter. Cuomo’s office met with Cassano’s …

Robertson Taylor Names Johnstone Music & Entertainment Manager

London-based Robertson Taylor Insurance Brokers, a subsidiary of Oxygen Holdings plc, announced the appointment of Dawn Johnstone as Manager, Music & Entertainment Division. She is based in the London Docklands office, and will oversee operational issues and will be formulating …

Bowring Marsh Opens New Office in Hong Kong

Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and casualty risks. The Hong Kong office “provides greater …

Is Global Warming Causing More Frequent, More Powerful Hurricanes?

A workshop held in Lloyd’s Old Library sought to answer that question, by examining the impact global warming could have on the hurricane season. Lloyd’s cited the fact that “analysis of weather patterns and damage losses over the last 100 …

Navigators Syndicate 1221 Co-Locates with Lloyd’s in Brazil

The New York-based Navigators Group announced that its wholly-owned syndicate, Navigators Syndicate 1221 at Lloyd’s of London, is co-locating with Lloyd’s in Rio de Janeiro by appointing a local representative. Lloyd’s has Admitted Reinsurer status in Brazil and had its …

HCC Names Hervy, Vezio to Manage Global International Operations

HCC Insurance Holdings has announced the appointment of Thibaud Hervy and Philippe Vezio as joint CEO’s of HCC Global’s international operations, replacing R. Matthew Fairfield. The bulletin noted that Hervy and Vezio have been with HCC Global and its predecessor …

Contractual Liability Is Just That

Texas Court: Exclusion Precludes Coverage for Breach of Contract Where contractors are involved, one of the most intractable problems for a carrier in negotiating and settling claims are the contract liability issues. How does a carrier identify if a contractual …