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E.U. urged to use automation to protect underground Internet systems

By: Judy Greenwald

Published December 17, 2014 - 1:50pm CST

European Union member states should consider the benefits of automated information systems to prevent damage to their underground Internet infrastructures, the European Union Agency for Network and Information Security said in a report.

Integro acquires bloodstock broker Howard Global Insurance Services

By: Sarah Veysey

Published December 17, 2014 - 9:32am CST

New York-based Integro Ltd. has acquired London-based Howard Global Insurance Services Ltd., a Lloyd's of London broker that specializes in bloodstock, Integro announced Wednesday.

IRM cites oil prices, potential U.K. withdrawal from E.U. as key 2015 risks

By: Sarah Veysey

Published December 16, 2014 - 10:03am CST

Political instability caused by low oil prices, increased shareholder activism and the threat to business caused by a potential U.K. withdrawal from the European Union are among the chief risk concerns for U.K. businesses in 2015, the Institute of Risk Management said Tuesday.

Low interest rates, Solvency II keep pressure on insurers, reinsurers: S&P

By: Sarah Veysey

Published December 10, 2014 - 9:44am CST

LONDON — A prolonged period of low interest rates in many economies of the world will continue to add to pressure on insurer and reinsurer earnings in the near term, according to Standard & Poor's Corp.

Airmic product aims for finalized insurance policies before renewal dates

By: Sarah Veysey

Published December 09, 2014 - 9:35am CST

The U.K. risk management association, Airmic Ltd., Tuesday issued an interactive toolkit intended to help insurance buyers to obtain written, finalized policies in advance of their renewal date.

Jardine Lloyd Thompson buys aviation insurance broker Hayward for $42M

By: Sarah Veysey

Published December 08, 2014 - 10:10am CST

Jardine Lloyd Thompson Group P.L.C. said Monday that it has acquired aviation insurance brokerage Hayward Aviation Ltd. from Towergate Insurance Ltd. for £27 million ($42.1 million).

Arthur J. Gallagher, Jiang Tai to set up Shanghai insurance venture

By: Sarah Veysey

Published December 08, 2014 - 9:32am CST

Arthur J. Gallagher, the London-based international broking division of Arthur J. Gallagher & Co., on Monday said it has reached a joint venture agreement with Jiang Tai Insurance Broker Co. Ltd. to set up a Shanghai-based operation.

Crawford & Co. furthers global expansion efforts with purchase of GAB Robins

By: Bill Kenealy

Published December 07, 2014 - 6:00am CST

Crawford & Co.’s acquisition of London-based claims management firm GAB Robins Holdings U.K. Ltd. marks another step by the Atlanta-based claims management service provider to bolster its global specialty lines services.

U.K. terrorism bill proposes ban on insurance coverage of ransom payments

By: Sarah Veysey

Published December 07, 2014 - 6:00am CST

Insurers say they already do not reimburse ransom that is paid to terrorist organizations to free kidnapping victims and that a proposed U.K. law making it a criminal offense to do so is unnecessary.

Claims manager Crawford buys GAB Robins for $73.3M

By: Bill Kenealy

Published December 01, 2014 - 12:43pm CST

Claims management services provider Crawford & Co. on Monday said it has acquired London-based claims management firm GAB Robins Holdings UK Ltd. for $73.3 million.

TRW completes largest U.K. buyout to date with Legal & General

By: Sophie Baker, Pensions & Investments

Published December 01, 2014 - 9:37am CST

The TRW Pension Scheme, Solihull, England, agreed to a £2.5 billion ($3.9 billion) partial buyout with Legal & General Assurance Society, forming part of a year-long risk transfer project, said David Ellis, U.K. head of bulk pensions insurance at Mercer L.L.C., the lead adviser to the trustee.

U.K. regulators approve Africa-focused reinsurer One Re

By: Matthew Lerner

Published November 26, 2014 - 11:45am CST

One Re Ltd., a nonlife Africa-focused reinsurer has been approved by U.K. regulators to do business in the United Kingdom, the company said Wednesday.

Georgia Tsiakki named head of risk management at ArgoGlobal

By: Sarah Veysey

Published November 26, 2014 - 9:19am CST

Georgia Tsiakki has been appointed head of risk management at ArgoGlobal, the Lloyd's of London arm of Hamilton, Bermuda-based Argo Group International Holdings Ltd.

Skuld adds full marine coverages to London offerings

By: Shelby Livingston

Published November 25, 2014 - 3:07pm CST

Protection and indemnity club Assuranceforeningen Skuld has extended its full roster of marine insurance products to the firm's London office.

Marsh unit sets up U.K. terrorism insurance facility

By: Sarah Veysey

Published November 25, 2014 - 9:59am CST

Bowring Marsh, the specialist international placement arm of Marsh L.L.C., on Tuesday launched a U.K. terrorism insurance facility.

Property catastrophe insurance rates to drop at Jan. 1 renewals: Swiss Re

By: Sarah Veysey

Published November 25, 2014 - 9:55am CST

LONDON — Property catastrophe reinsurance rates likely will continue to fall at the upcoming Jan. 1 renewals, but the rate of decrease at subsequent renewals is likely to slow, according to a report by Swiss Re Ltd.

Airmic welcomes vote to modernize U.K. terrorism reinsurance backstop

By: Sarah Veysey

Published November 24, 2014 - 9:24am CST

Airmic Ltd., the U.K. risk management association, has welcomed a vote by the members of Pool Reinsurance Co. Ltd., the United Kingdom’s government-guaranteed terrorism backstop, to implement changes that it believes will make Pool Re more attractive to insurance buyers.

Competition may lead to more mergers of London market brokers

By: Sarah Veysey

Published November 23, 2014 - 6:00am CST

More mergers and acquisitions among London market insurance brokers are likely if current market conditions persist.

China Re gets Lloyd's OK for change to stand-alone syndicate in 2015

By: Mark A. Hofmann

Published November 21, 2014 - 10:31am CST

China Reinsurance (Group) Corp. has received approval from Lloyd’s of London to transform its existing special purpose syndicate into a stand-alone syndicate.

Hackers to probe cyber crime defenses at British banks

Published November 19, 2014 - 11:14am CST

(Reuters) — In the next few months, hackers will try to penetrate the cyber defenses of Britain's major banks and steal information about millions of customers. But for once they'll be welcome.

Renewal rates down 3.5% in first nine months of 2014: Amlin

By: Sarah Veysey

Published November 19, 2014 - 9:17am CST

Average insurance and reinsurance renewal rates fell by 3.5% for the first nine months of 2014, Amlin P.L.C. said Wednesday.

Brokerage consolidator Towergate reveals acquisition approaches

By: Sarah Veysey

Published November 19, 2014 - 8:51am CST

London-based brokerage consolidator Towergate Partnership Ltd. on Wednesday said it had received approaches from parties interested in acquiring the group and is assessing those offers.

Cyber, political risks top concerns among European energy industry execs

By: Sarah Veysey

Published November 18, 2014 - 10:20am CST

Political and cyber risks are among the major concerns of companies in the power industry in Europe, according to a study published Tuesday by Marsh L.L.C.

Huw Evans named director general of Association of British Insurers

By: Sarah Veysey

Published November 18, 2014 - 10:10am CST

Huw Evans will succeed Otto Thoresen as director general of the Association of British Insurers in February, the London-based ABI announced Tuesday.

Hamilton Insurance acquiring Lloyd's sports and leisure underwriter and broker

By: Sarah Veysey

Published November 18, 2014 - 10:09am CST

Hamilton Insurance Group Ltd. on Tuesday said it will acquire Sportscover Underwriting Ltd., a Lloyd's of London managing agency, and Kinetic Insurance Brokers Ltd., a Lloyd's broker, from Wild Goose Holdings Pty. Ltd.

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