London News

London’s Marine Insurers Say Libya to Stay on ‘High Risk’ List

There is no immediate prospect of Libya being removed from a list of areas deemed high risk by London’s marine insurance market. Underwriters will seek a stable period before looking at de-listing, a market official said on Monday. Libyan government …

Cooper Gay Swett & Crawford Appoints Kruger as First Group CIO

Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance broking group, has appointed Brent Kruger as its first group chief information officer. He is based in London and will lead all of the group’s IT initiatives for its …

ABI Explains UK Riot Coverage; Damages Estimated to Exceed $162 Million

The Association of British Insurers has issued a set of guidelines and an explanation of the insurance coverage incident to the recent riots in London and other UK cities. The ABI estimates that insured losses and damage suffered by individuals …

Britain Burns: Riots Spread through UK Cities

A wave of violence and looting raged across London and spread to three other major British cities on Tuesday, as authorities struggled to contain the country’s worst unrest since race riots set the capital ablaze in the 1980’s. In London, …

UK’s Sportscover Snares Badminton Tournament Coverage

London-based specialized agency Sportscover announced that it has been selected as the “Official Insurance Partner for the Yonex BWF World Badminton Championships. The event, staged by BADMINTON England, will take place at Wembley Arena, London, between 8th and 14th August …

ABI Reacts to London Riots; Details of Insurance Coverage

Nick Starling, Director of General Insurance and Health, of the Association of British Insurers, issued the following statement following the third night of rioting, looting and the massive destruction of property in London. “We have every sympathy for residents and …

Guiry to Succeed Doubtfire as Marketform CFO

London-based specialist Lloyd’s insurer Marketform has announced the appointment of a new Chief Financial Officer, Paul Guiry, who replaces long standing CFO, Roger Doubtfire, who is retiring. Group CEO Simon Turner commented: “Roger has overseen the financial operations of Marketform …

Lloyd’s Market Association Marks 10 Year Anniversary

Speaking on the tenth anniversary of the incorporation of the Lloyd’s Market Association (LMA), its Chairman, Barnabas Hurst-Bannister, thanked managing agents for their support and pledged that the LMA will not cease in its mission to see the Lloyd’s market …

Allianz Global Corporate & Specialty Confirms New London, U.S. Execs

Allianz Global Corporate & Specialty (AGCS) has confirmed new CEOs from within its existing management team for two of its most important regions. As of October first, Carsten Scheffel, currently CEO of AGCS for the Americas region, will move to …

XL Names Ribotta to New Global Distribution Post

The XL Group plc announced the appointment of Paolo Ribotta as Head of Global Distribution, a newly-created post. He will be responsible for the performance, direction, growth and support of XL’s global network, and will report to XL’s Chief Executive …