London News

Climate Scientists Praise Report on Hacked E-mail Scandal

Leading climate scientists on Thursday welcomed a British report that cleared researchers of exaggerating the effects of global warming and said they hoped it would restore faith in the fight against climate change [See IJ web site – https://www.insurancejournal.com/news/international/2010/07/07/111360.htm]. The …

Lloyd’s Foresees Further Growth in China from Grant of Direct License

Lloyd’s managing agents are predicting their businesses will get a big boost from the market being granted a licence to write direct insurance in China [See IJ web site – [https://www.insurancejournal.com/news/international/2010/05/19/109979.htm]. Stephen Catlin, Chief Executive of Catlin Group Limited and …

Ratings Roundup: Glacier AG, Ansvar, Adamjee

A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of Liechtenstein-based Glacier Insurance AG, following the successful completion of its acquisition by Torus …

Best Affirms Lloyd’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited. Best also affirmed the ICR of “a” of the Society of …

Lloyd’s Marine Underwriters Examine How to Comply with Iran Sanctions

Underwriters from London’s marine insurance market are looking at how to comply with fresh sanctions being imposed on Iran, a senior Lloyd’s Market Association (LMA) official said on Friday. Iran, the world’s fifth-largest crude oil exporter, depends on its seaborne …

Business Moves

Alteris, Insurent Alteris Inc., a provider for the managing general agency community, has partnered with Insurent Agency Corp. to offer an insurance program focused exclusively on guaranteeing residential leases. Established in 2008, the Insurent Lease Guaranty Program offers financial guarantees …

People

Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He assumes the title from Carl H. …

People

EPIC (Edgewood Partners Insurance Center) added Tina Brink as a senior account executive in its Folsom, Calif., office, and Lori Perry as a senior account executive in its San Francisco office. Brink brings more than 18 years of experience in …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

Tom Bolt: An American Takes Over as Lloyd’s Director of Performance Management

Earlier this year Tom Bolt took over one of the most important positions at Lloyd’s. As Director of Performance Management, he heads a team that oversees the business plans and the performance of all of Lloyd’s syndicates. His mandate is …