Lloyd's of London News – Page 117
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Law firms must address business continuity, warns Marsh
New guidelines place increased emphasis on business continuity requirements...
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Marsh poaches Aon team in Scotland
Marsh recruits Aon's Scottish Professional Risks team
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Talbot sold to Bermuda reinsurer for £200m
Validus Re acquires Talbot Underwriting for an estimated price tag of £200m
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Govt to spend more on flood resilience measures
The government is set to announced today a £500,000 funding package to help make flood vulnerable homes more resilient against flooding...
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Converium CEO and CFO to resign by end of year
Converium chief executive Inga Beale and chief financial officer Paolo De Martin are to resign at the end of 2007.Both will play an active role in the merger of Converium into SCOR should the French reinsurer's latest share offer be accepted by Converium's shareholders, before departing at the end of ...
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Miller boosts reinsurance team
Glyn Hall has joined Miller as director of its reinsurance team. Hall joins from JLT Re.James Geffen, board director at Miller commented: "We are delighted to welcome Glyn to our growing reinsurance team. Glyn's breadth of expertise in sectors such as retrocession, onshore energy and construction and engineering for both ...
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Converium welcomes SCOR's revised offer
Converium's board has unanimously welcomed a revised offer from French reinsurer SCOR, and has encouraged all shareholders to accept the offer. Under the new terms, each Converium share may be exchanged for 0.5 new SCOR shares plus CHF 5.5 in cash and further foresees that the consideration will not be ...
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Crisis plan demand over kidnapping rise
Aon has called on companies to implement crisis manage-ment plans and other measures to help prevent kidnapping, as the number of foreigners kidnapped in Nigeria rises. According to Aon, while the number of global kidnappings has dipped slightly, incidents are on the increase in Nigeria due to local militant groups' ...
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Flood benefit call for low income households
The government should extend housing benefit to cover flood risk, a leading industry expert has warned.Professor David Crichton, visiting professor at Benfield UCL Hazard Research Centre, said that flood risk posed the greatest threat to low income households, and urged the insurance industry to put pres-sure on the government ...
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Product recall threat to wine sales
Aon's soon-to-be released report entitled ‘Vine to Wine' underscores the growing importance for businesses to take up product recall insurance.
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Carvill adds AIR to hurricane index
Carvill, has reached an agreement with AIR Worldwide Corporation, to provide modelled support for the Carvill Hurricane Index...
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Munich Re buys Bell & Clements Group
Munich Reinsurance has bought the Bell & Clements Group for an undisclosed amount...
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Emerging risks impeding business development says Lloyd's
Increased concerns at board level regarding terrorism and political violence risk is causing businesses to avoid investing in politically sensitive areas or locating offices in large cities, according to Lloyd's.In a new report Lloyd's reveals that over a third of companies avoid investing in overseas markets for fear of political ...
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Cooper Gay says Sonae financing will fuel acquisitions
Cooper Gay is expected to expand its presence in the UK market, with further acquisitions likely, following investment from Sonae SGPS. SC Insurance and Risk Services SGPS, SA, a subsidiary of Portuguese investor Sonae SGPS, has agreed to acquire 14% of Cooper Gay, with an option to increase its ...
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Risk managers respond to latest climate change report
Climate change will grow in importance for risk managers as the fight against global warming intensifies following the latest report of the Intergovernmental Panel on Climate Change (IPCC), according to Marie-Gemma Dequae, president of the Federation of European Risk Management Associations (FERMA). “As companies implement technologies and practices to respond ...
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AREPA partners with OCS to offer industrial clean-up service
AREPA has formed a partnership with facilities management and services provider OCS group and launched a disaster recovery and structural cleaning service for industrial buildings. Arthur Nuttall, managing director of OCS cleaning and environmental services, commented, “OCS has the experience, resources and technical expertise to provide support for AREPA's services ...
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Over 1,500 properties damaged by Kent earthquake
Biba warns SMEs to implement business plans after freak earthquake hits Kent
