An article on the Lloyd’s of London web site (www.lloyds.com) notes that “Lloyd’s Chairman Lord Levene visited Germany last week to speak with insurance and business leaders, as well as the media, on topics ranging from the threat posed by …
Lloyd’s of London has received an establishment license in Portugal. “The license will allow Lloyd’s underwriters to appoint coverholders to write establishment business in the region. Lloyd’s has now established a branch in Portugal and appointed Juan Arsuaga as Lloyd’s …
Marsh announced the appointment of Nabil Khawaja to lead its Global Energy Practice’s London-based offshore construction team. He will report to Construction Leader, Paul Nicholson. Khawaja joins Marsh from Benfield Corporate Risk. He has more than 20 years’ insurance industry …
Standard & Poor’s Ratings Services issued a statement that its ratings and outlook on Germany’s Allianz SE (AZSE), currently ‘AA’/Stable/’A-1+’, and various core operating entities “are unaffected by the group’s marginal net income reported for first-quarter 2009.” S&P said its …
At least the global depression has focused people’s minds on some important issues. The Group of 20 (G20) meeting in London acknowledged the need for more capital to shore-up the world’s financial system — essentially the U.S./UK view — as …
Dutch financial group ING made clear this week it was not in any particular rush to complete its planned €8 billion [$10.8 billion] of asset sales — but to hear analysts and bankers tell it, Chief Executive Jan Hommen may …
Lloyd’s of London has issued a summary of a report – “Resilient Coasts: a Blueprint for Action” – originally prepared by the Heinz Center and Ceres, which analyzes the threat to U.S. coastlines from a combination of increasingly violent weather …
XL Insurance, the global insurance operations of XL Capital, has announced the hiring of three additional underwriters for its London-based aviation business. “The London team will be headed by Simon Murray as Regional Manager – Aviation,” said the bulletin. “He …
Bermuda-based Montpelier Re Holdings Ltd. announced that Montpelier Syndicate 5151 will begin underwriting marine insurance business in August 2009. “The new marine account will consist of hull, cargo and specie classes,” said the bulletin. “Mike Southgate, who will join the …
The Bermuda-based Catlin Group announced from its London offices that the “three explorers conducting the Catlin Arctic Survey returned from the Arctic sea ice late on Wednesday (13 May), marking the end of a scientific expedition to help researchers determine …
