London News

Diaz to Head Marsh’s New Client Technologies Unit

Marsh’s London office announced the appointment of William Diaz as head of Marsh Client Technologies, “a newly formed unit that comprises MarshConnect, the firm’s global client technology interface, and CS STARS.” Diaz will work with Marsh’s clients and the firm’s …

ACE Europe Launches IT Security Policy

ACE Europe announced that it has launched “ComputerGuard Plus,” its comprehensive IT hardware and network security policy, on the Safeonline broking system. “Brokers using the Safeonline system can now quote and bind their ComputerGuard Plus policy in one quick easy …

Lloyd’s Welcomes its New Graduates

Lloyd’s has welcomed the first group of candidates to be accepted in to its graduate program. The nine graduates have spent the past week learning about Lloyd’s and the London Insurance Market, meeting their new colleagues and taking part in …

Goldman, Morgan Stanley Convert; AIG CEO Forfeits $22M Severance

Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that destroyed their rivals as Wall Street braced for a week of political wrangling over a proposed $700 billion bailout for troubled banks. Morgan …

Univ. of North Texas Student Wins NAPSLO’s J.H. Blades Scholarship

University of North Texas Associate Professor Risk Management & Insurance Brenda Wells announced that one of her students, UNT senior Rachel Somerford, has received the national J.H. Blades Scholarship from the National Association of Professional Surplus Lines Organizations (NAPSLO). Each …

People

The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to assist in the transition. …

People

Jacksonville, Florida-based Harden & Associates, an insurance brokerage company, promoted Dustin Theilacker to chief information officer. As CIO, Theilacker will continue to provide technology vision and leadership for developing and implementing information technology initiatives. Theilacker previously held the position of …

Aon, Inmarsat in Space Partnership

In the face of rising space insurance premiums (up at least 15 percent), Aon announced that it has “worked with Inmarsat to maintain pre-increase pricing for the successful launch of its I-4F3 satellite on board a Proton rocket.” Aon noted …

Aon Warns ‘Poor Packaging’ in Fashion Industry Could Affect Claims

“Poor packaging by the fashion industry could mean that insurers refuse to pay claims for damaged goods in transit – not to mention that replacement clothing and accessories are unlikely to be delivered in time to catch the season,” warns …

Gallagher Acquires UK’s Oxygen Insurance Managers

Oxygen Holdings Plc, a London market insurance intermediary, and Arthur J Gallagher (UK) announced the sale of Oxygen’s underwriting subsidiary, Oxygen Insurance Managers Ltd. (OIM) to Gallagher (UK), for an undisclosed sum. Gallagher’s bulletin noted: “OIM is a Financial Services …