London News

Aon Specialty Strengthens London-based Energy Unit

Aon Specialty, a division of Aon Risk Services, has unveiled the UK arm of its global Aon Energy unit. “The launch of the new management team follows the integration of energy specialists from the former Benfield Corporate Risks into the …

Aon UK Launches Free ‘Insurance Health Check’ for SME’s

Aon’s London office announced the launch of a free and impartial advisory service to small and medium-sized businesses (SME’s] to ensure their insurance programs are equipped for the risks of today’s economic climate. Aon said its new “Health Check will …

U.S. Forecaster Lowers Atlantic Hurricane Prediction

Citing cooler seas and the prospect of a weak El Nino, Colorado State University’s hurricane team lowered its 2009 Atlantic forecast Tuesday to 12 tropical storms, of which six could become hurricanes. The research team, founded by storm forecasting pioneer …

G-20 Leaders Blacklist 4 Tax Havens

Four nations were blacklisted as uncooperative tax havens Thursday after G-20 leaders declared the age of banking secrecy was over and said they would no longer tolerate shady havens draining away badly needed tax revenue. At the request of the …

Witch Hunt at AIG; While Lloyd’s Sees ‘Flight to Quality’

The witch hunt that has engulfed AIG needs to be toned down. If for no other reason than it’s making the problem worse, not better. It also reduces the likelihood that U.S. taxpayers will get back any of the money …

Guernsey Welcomes ‘White Listing’

The Channel Island of Guernsey, a major captive domicile, has welcomed its ‘white listing’ by the OECD as a result of the G20 summit in London. Chief Minister Lyndon Trott said that the Island’s inclusion on a white list with …

UK Athletics Appoints Marsh Risk and Insurance Adviser

Marsh’s London office announced that it has been appointed by UKA, the National Governing Body for athletics in the UK, to manage the organization’s insurance and risk programs, effective April 1, 2009. Marsh said it would “undertake an extensive review …

G20 Seals $1.1 Trillion Deal

World leaders clinched a $1.1 trillion deal on Thursday to combat the worst economic crisis since the Great Depression and said financial rules would be tightened to stop it happening again. U.S. President Barack Obama declared it a “turning point” …

Obama Plays Up Role as Consensus Builder at G20

Where President George W. Bush was known for his “cowboy diplomacy,” his successor, President Barack Obama wants to be known as a listener and a builder of bridges. Taking his first major foreign trip since becoming president in January, Obama …

Lockton Opens Dubai Office

Global insurance broker Lockton announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an insurance broker in the Dubai International Financial Centre (DIFC). Lockton said the opening of the “Dubai office …