For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at all–let alone for over three centuries–evinces …
Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following the recent publication of most companies 2005 preliminary earnings figures. He …
ACE Westchester Specialty Group, the U.S.-based wholesale-focused property and casualty operation of the ACE Group of Companies, appointed Joseph Casey as senior vice president, Management Liability for its Professional Risk Division. Based in Atlanta, Ga., Casey will have responsibility for …
Aon Consulting, the human capital and management consulting arm of Aon Corp., announced from its Chicago headquarters that Robert Middleton has been appointed chief executive of Aon Consulting in the U.K., taking over from Ron Amy, who will remain chairman …
Houston-based HCC Insurance Holdings Inc. reported that John N. Molbeck, Jr. would become the company’s president and chief operating officer and his employment contract will extend through May 31, 2009. Molbeck, who is 59 years old, previously held this position …
“It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer a week ago (See IJ Website March …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to the U.K.-based Steamship Mutual Underwriting Association Limited (Steamship London or the Club) with a stable outlook. …
AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced that it has named Thomas Morelli President of the AIG Global Energy Casualty division and David Hawksby President of the AIG Global …
The U.K.’s Financial Services Authority and the Office of Fair Trading (OFT) jointly announced that they are working on producing “an action plan” covering payment protection policies, which they hope to publish by the end of April. The bulletin said …
The U.K.’s Financial Services Authority (FSA) announced that it has “put on hold its work to develop rules to bring about contract certainty in the insurance market.” The U.K.’s insurance community applauded the decision as an endorsement of its own …
