London News

UK’s UIB Appoints Dilley International Operations Director

London-based United Insurance Brokers announced the appointment of Tony Dilley as International Operations Director. “He will assume responsibility for the running of all UIB’s international offices with successful implementation of agreed group strategies,” UIB said. Dilley was most recently at …

Green Joins UK’s Miller Facultative Re Team

UK Broker Miller Insurance Services Limited announced that it has appointed Andrew Green “to further enhance its global facultative reinsurance capability.” Mike Papworth, Head of Facultative Reinsurance, noted Green’s “strong reputation in the London market,” adding that his expertise “will …

Hooper Named CEO of UK’s Cooper Gay & Co.

Cooper Gay Swett & Crawford Ltd (CGSC) announced the appointment of Shaun Hooper as CEO of Cooper Gay & Co Ltd, the Group’s Lloyd’s and London market broker. He has been serving as interim CEO of the company since December …

Zurich to Transfer London Run-Off Business to Swiss Re

Zurich Financial Services Group announced that one of Zurich’s non-core subsidiaries in the UK, Zurich Specialties London Ltd, will transfer its run off insurance business to Swiss Re at book value. Zurich said the transfer forms an integral part of …

AEGIS London Approves $1 Million in Premium Credits for Members

AEGIS London, the UK- based subsidiary of mutual insurer AEGIS (Associated Electric & Gas Insurance Services Limited) has announced the approval of $1 million in premium credits which will be returned to members through its Premium Credit Program. The bulletin …

HSB Engineering Names Tingus to Head HR

Specialist engineering and construction insurer HSB Engineering Insurance Limited has appointed Peter Tingus as head of HR. He joins the group’s UK office in London from HSB’s Hartford office in the US, where he was director of talent, training and …

Finance Industry Warns of Transatlantic Discord over Derivative Rules

Transatlantic sniping by top policymakers could make it harder to agree new rules to crack down on derivatives, derivatives market officials said on Tuesday. “The high policy debate is going in the wrong direction right now,” said Futures and Options …

Xchanging Reorganizes UK Insurance Business

Xchanging, the business process outsourcing company, which works extensively with Lloyd’s, has announced the reorganization of its UK insurance businesses. The bulletin explained that the “UK Insurance business will combine Xchanging Broking Services (XBS), Xchanging Ins-sure Services (XIS) and Xchanging …

Clements International Officially Becomes Clements Worldwide

Clements International has completed a six month rebranding effort to become Clements Worldwide. This change “unifies the company’s Washington, DC and London offices under one brand, and positions it for future regional expansion,” said the bulletin. Director of Marketing Sergio …

Catlin Stokes Broker Compensation Controversy

The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin this week at a conference in London sponsored by Insurance Day. Catlin …