London News

UK PM Seeks Law Change to Allow Armed Guards on British Vessels

UK Prime Minister David Cameron announced plans to amend British law to allow UK registered vessels to employ armed guards as security, when they are transiting dangerous waters – mainly those off the coast of Somalia. Cameron’s initiative marks a …

Ongoing Pirate Menace Triggers Special Coverage, Security Measures

“Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if you’re willing to take the risks. In …

Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon

Xchanging, the London-based business process and technology services provider and integrator, announced that it has “gained full control of Xchanging Broking Services Limited, the Enterprise Partnership it formed with Aon Limited.” The consolidation follows Aon’s decision to exercise “the put …

Williams to Head Liberty International’s D&O, Financial Institutions Business

Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Guy Williams as Head of Directors & Officers and Financial Institutions (D&O/FI). He is an experienced insurance lawyer by background, specializing in financial professional risks. …

Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path

Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices on four continents. “In this globalized world …

Whittington Sells UK Business to Finance Asia Expansion

Whittington Group, the Singapore-based international insurance investor, announced it has reached a definitive agreement to sell its London businesses to a consortium, comprising Tawa Plc, Skuld, and Paraline Group, Ltd., who will acquire Whittington Insurance Markets Limited (WIM) and its …

Travelers Promotes Coello to Assistant GM for Professional Risks in UK

Travelers London office announced that Richard Coello has been promoted to the role of Assistant General Manager responsible for Professional Risks for Travelers Insurance Company Ltd. He will be responsible for all aspects of professional and financial lines, including financial …

UK Managing General Agents Launch Official Representative Association

The Managing General Agents’ Association (MGAA), a non-profit making organization founded to represent UK Managing General Agents, was officially launched on the 1st of September with an initial 40 Full Members underwriting gross written premiums of approximately £1.25 billion [app. …

Xchanging Appoints Sadler as Insurance Chief Info Officer

London-based Xchanging, the business processing and technology services provider and integrator, has appointed Jim Sadler to the newly-created role of Chief Information Officer for its UK Insurance Sector business. He has over 20 years of IT experience in the insurance …

ACE Expands Terrorism, Political Violence Team; Biggas is New Underwriter

ACE announced from its London office that it has appointed Marie Biggas to the position of underwriter for terrorism and political risks for ACE Overseas General (AOG). She joins ACE from the Chaucer Syndicate, and will continue to be based …