London News

G8 Makes Scant Progress to Copenhagen Climate Pact

The G8 summit made scant progress towards a new U.N. climate treaty due to be agreed in December with some nations back-pedaling on promises of new action even before the end of a meeting in Italy. “This hasn’t given me …

Lloyd’s Warns Pandemics Continue to Pose a Threat to Companies

“The H1N1 ‘swine flu’ pandemic, which has sparked widespread fear and disruption across the globe, has shone a spotlight on a risk that many companies have disregarded in the past few years,” notes an article on the Lloyd’s of London …

Catlin Strengthens London Aviation Team

Catlin Group Limited has strengthened its already significant London aviation underwriting team with the addition of Richard Power and Mark Stanley. Power will join Catlin on August first as a senior underwriter and head of the airline underwriting team in …

Lloyd’s Chairman, Lord Levene, Addresses NATO Meeting

Lloyd’s of London Chairman Lord Peter Levene addressed a major security conference in Brussels on Thursday. The meeting, held under the aegis of NATO Secretary General, Jaap de Hoop Scheffer, aims to redefine NATO’s Strategic Concept development process. Lloyd’s press …

London American Risk Specialists, Inc announces an Environmental Hazmat Transportation Program

July 7, 2009, Houston, TX – London American Risk Specialists, Inc, an independently owned and operated, full service excess and surplus lines broker announces the addition of a new AM Best A+ rated admitted carrier for Environmental Hazardous Waste or …

Catlin UK Acquires Renewal Rights from Bennett Underwriting Agencies

Catlin Group Limited (CGL) the Bermuda-based international specialty P/C insurer and reinsurer, announced that Catlin UK has acquired the renewal rights to the professional indemnity and directors & officers liability books of business underwritten by Bennett Underwriting Agencies Ltd ( …

Jackson Concert Promoter Says Insurance Covers Accidental Death

Concert promoter AEG Live’s chief executive said that insurance will help cover any losses on the now-canceled Michael Jackson concert series if the pop star died accidentally — including of a drug overdose — but not if he died of …

Stanford Mexican Clients Sue Willis

Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd, contending it was a willing participant in a $7 billion fraud at the Texas-based investment company. The lawsuit, filed in federal court in Dallas, said …

Jackson Concert Cancellations: Many Unknowns, Much Speculation

Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the City of London, where …

Geneva Association Issues Report on Insurance Industry & Climate Change

Insurance industry leaders underscored their concerns over the potential impacts of climate change last Thursday July, 2 with the introduction of a 138 page report from the Geneva Association*, the industry’s most important think tank. In a well attended presentation …