London News

JLT: New Approach to Tunnelling Paves Way for Growth

A collaborative approach to risk by contractors, brokers, owners and insurers has helped secure the long-term viability of tunnelling schemes around the world, said delegates — including engineers, lawyers, contractors and owners — at a recent seminar hosted by Jardine …

Chessher Appointed CFO at Aon Limited and ARS UK

Aon has named Mark Chessher to the position of chief financial officer of Aon Limited and ARS (UK). Chessher will join the company later in the year, subject to FSA approval, and will sit on the Aon Limited board. He …

British Wife Accused of Plotting Insurance Fraud with ‘Dead’ Husband

The wife of a British man who faked his own death played a crucial role in his attempt to fool officials, defraud insurance companies and even deceive their own children, a prosecutor said this week. Anne Darwin was a full …

Florida Gov., Insurance Chief Discuss Reinsurance with Lloyd’s of London

Florida Gov. Charlie Crist met with Lord Levene, the chairman of Lloyd’s of London, to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting took place during the Team Florida Trade and Business Development Mission …

NAS Insurance Services Expands Abuse/Molestation Coverage

Encino, Calif.-based NAS Insurance Services has expanded its abuse/molestation legal expense insurance to include individuals, groups and businesses that sponsor events on their premises such as homeowner associations, property managers, land owners, etc. Also covered are new entities such as …

A.M. Best Affirms ‘A’ Rating of Lloyd’s

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it believes that underwriting discipline at Lloyd’s is likely …

Axis CEO Plans to Pass Baton When Contract Ends in 2013

John Charman, chief executive of Bermuda insurance group Axis Capital Holdings Ltd expects to pass on the CEO position to a successor when his contract ends in just over five years. Charman, in an interview, decided this year to renew …

Risk Manager Rutherfoord Modifies Atlanta Office, Adds Hamilton

Roanoake, Virginia-based risk management and insurance brokerage firm, Thomas Rutherfoord Inc., announced that Craig Perry, vice president, will assume new duties in the Atlanta office as focal point for the development of risk management and international accounts and the office’s …

World Trade Organization Mediators Report Progress in Negotiations

World Trade Organization mediators in Geneva put the final touches to new negotiating texts on Thursday that will serve as the blueprint for an outline deal in the WTO’s long-running Doha round, trade officials said. The chairmen of talks in …

Axis CEO Sees Insurers’ Returns Eroding; Plans Axis Expansion

John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case that this is the perfect storm — where …