London News

Nestle Launches Ad Campaign, Insures Butterfinger With Lloyd’s

As part of its new Butterfinger advertising campaign, Nestle USA said it has taken out a $1 million policy with Lloyd’s of London to ensure the promise behind its tagline to ensure consumers can “always lay a finger on their …

Starr Aviation Acquires International Aerospace Insurance of California

Starr Aviation Agency, Inc. a subsidiary of C.V. Starr & Co. Inc., has acquired International Aerospace Insurance Services Inc. of Santa Barbara, Calif. The acquisition of Inter-Aero expands Starr Aviation’s distribution network as well as its suite of products, according …

Wholesale Insurance Brokers AmWINS, Colemont Merge

AmWINS Group, Inc. and Colemont Insurance Brokers today announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with over 1,800 employees in 16 countries worldwide. Terms of …

Green Building Movement Raises Some Construction Defect, Claims Concern

New insurance products to protect innovative green construction products such as wind turbines, fuel cells and vegetative roofs are on the rise. But even those closest to the situation admit to being a bit, well, green, about the risks behind …

Cameras Make Chicago Most Closely Watched U.S. City

In less than a decade and with little opposition, Chicago has linked thousands of cameras in a network covering most of the city, creating the most extensive and sophisticated video surveillance system in the United States and one that is …

ACE Global Markets Makes Trade Credit Appointments

ACE Global Markets made several key appointments to its Trade Credit teams in London and New York. Stuart James has been appointed head of Trade Credit based in London, effective June 1. He will be responsible the performance and development …

AIG Financial Products Executive Cassano Still Faces SEC Probe

The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet. Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous accumulation of credit default swaps, looks likely …

Marsh to Launch Service to Gauge Insurers Financial Strength

A bulletin from Marsh’s London office notes that in the wake of the global financial crisis, “businesses in all parts of the world are strengthening their risk governance, including management of their counterparty risk.” In the process of gauging the …

Beauvais to Head Ironshore’s Construction Practice in U.S.

Specialty insurer Ironshore Inc. announced that Ben Beauvais will head the company’s domestic construction practice within its U.S. Specialty Casualty division, including the operations of IronBuilt. Beauvais, based in Ironshore’s Boston office, will continue to serve in his existing role …

Lloyd’s Graduates First Student Group

Lloyd’s announced that it has graduated the first group of graduate students from its new Program, which features an 18 month rotation, after which the new graduates will continue to work in London’s insurance industry. Eight of the original nine …