Hospitality groups gear up to take on insurers over business interruption cover April 23, 2021 Hospitality companies hit hard by the pandemic are forming groups to take on their insurers, in the hope of receiving business interruption cover they believe they are owed. The hospitality businesses involved believe they are owned payouts from their insurers after the coronavirus and subsequent restrictions left them unable to serve customers for months at [...]
Lloyd’s of London insurer opens investigation amid ‘fresh harassment claims’ June 11, 2019 Tokio Marine Kiln (TMK), one of the Lloyd’s of London’s top insurance firms, is conducting an investigation amid claims two executives harassed colleagues. The claims deepen the scandal surrounding workplace culture at Lloyd’s of London. Allegations are believed to include one executive groping colleagues and making lewd sexual remarks. Another has been accused of stalking [...]
Law firm DWF announces intention to float in UK’s largest legal listing January 31, 2019 Law firm DWF yesterday announced its intention to float on the main market of the London Stock Exchange in what would make it by far the largest law firm to go public worldwide. The firm would become just the sixth publicly traded UK law firm, the first to list on the main market and the [...]
Carillion: Trade credit insurers pull cover as Carillion “hangs by a thread” January 13, 2018 Euler Hermes and other trade credit insurers have stopped writing new coverage for suppliers to embattled contractor Carillion, sending a signal the company is at risk of collapse, according to reports. Tokio Marine HCC and MGA Nexus also said they would not insure deliveries to the firm, Insurance Insider reported. Trade credit insurance protects firms [...]
City Moves for 21 November 2016 | Who’s switching jobs November 22, 2016 ISS UK & Ireland Barbara Plucnar Jensen is the new chief financial officer for ISS UK & Ireland. She has moved to the UK operation from her previous role at ISS Group in Denmark. Barbara worked with ISS Group in various roles since 2009, her most recent being senior vice president, head of group treasury and [...]
The City’s Walkie Talkie skyscraper is finally full after CISI snaps up last remaining floor March 22, 2016 The developers behind the Walkie Talkie skyscraper have let the last remaining floor in the building two years after completion in a milestone moment for the City. The Chartered Institute of Securities and Investment (Cisi) has agreed to take the third floor of the Rafael Vinoly-designed building at 20 Fenchurch Street at a rent of around £65 per square feet, City A.M. [...]
City Moves for 4 November 2015 | Who’s switching jobs November 3, 2015 OLD MUTUAL GLOBAL INVESTORS Simon Barrett has been appointed head of Middle East and Nordic distribution at the asset manager. He joins from Martin Currie Investment Management, where he was most recently director, international sales and client service. Barrett has over 20 years’ experience in the Nordic region, and has also held positions at Allianz [...]
Accounting changes hit Amlin’s first-half profit August 25, 2015 THE BOSS of insurance firm Amlin yesterday said the company is not up for sale, quashing speculation that the group would be the next to be swept up in the wave of consolidation seen in the market over the past 12 months. Chief executive Charles Philipps made the statement while discussing the company’s results for [...]
City Moves for 06 August 2015 | Who’s switching jobs August 5, 2015 Savills The property adviser has appointed Julian Lyon as director in its worldwide occupier services team. He joins from General Motors UK, where he spent 17 years consolidating its UK property portfolio. Lyon has 30 years’ experience in the commercial property market. Standard Chartered Mark Smith has been appointed group chief risk officer at the [...]
City Moves for 29 July 2015 | Who’s switching jobs July 28, 2015 KPMG Craig Steven-Jennings has been appointed partner in the professional services firm’s enterprise practice. He joins from KPMG’s South African firm and will be based in London. Steven-Jennings first joined its Cape Town office in 1999 and became an audit partner in 2005. Tokio Marine Kiln The insurance provider has promoted Paul Culham to the [...]