London News

Keystone Insurers Adds 2 More Kentucky Agencies to Network

Keystone Insurers Group (KIG) has added two more to its growing list of partner agencies. Jessie Insurance Agency of Campbellsville and Insurance Service Centers of Southeast Kentucky increase to 16 the number of KIG partners in Kentucky and join KIG’s …

AmWINS CEO DeCarlo on Colemont Merger and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal, for which no outside …

AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global

The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is based. The deal also enhances some of …

Gulf States’ Wildlife Reserve, Tourism, Fisheries at Risk from Oil Spill

A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and three other …

Gulf Coast Shrimpers Sue Oil Firm BP, Drilling Platform Owners Over Spill

Shrimpers in Louisiana and Alabama have filed class-action lawsuits against oil giant BP Plc and owners of the drilling platform that exploded in the Gulf of Mexico, as claims for economic losses anticipated from the disaster began to mount. Two …

Gulf of Mexico Leak Grows, Oil Slick Near Shore

The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S. Gulf Coast …

Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan)

A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL), both with stable outlooks. LGI and LGL are …

Aon Employs FAConnect Platform to Meet Facultative Chile Quake Demand

Aon Benfield announced that it is utilizing its “groundbreaking FAConnect placement platform to respond to client demand for expanded Chile earthquake capacity.” The system opens the way for Aon’s clients to access up to $ 50 million in coverage for …

EU Says Volcanic Ash Cost $2 to $3.3 Billion; Plans Airline Aid

Last week’s volcanic ash cloud cost European Union airlines €1.5 to €2.5 billion ($1.98 to $3.3 billion), the European Union executive said as it proposed a series of actions to help the cash-strapped industry. Governments will be able to waive …

Rivalry Haunts Prudential/AIA Integration

British insurer Prudential will try to reassure investors it can seamlessly absorb the Asian arm of AIG next week when it publishes the prospectus for a record $21 billion cash call to fund the takeover. With shareholders broadly backing the …