London News

AXA Earnings: Net Income up 11% to $8.55 Billion; Conference Call Today

France’s AXA Group reported strong results for 2007. The earnings release cited the growth in underlying earnings up 27 percent to €4.963 billion [$7.5 billion] (up 15 percent on a comparable basis). Adjusted earnings up 22 percent to €6.138 billion …

Willis on Middle East Terrorism Insurance

Willis Group Holdings has released a summation of its presentation on terrorism insurance at the General Arab Insurance Federation (GAIF) conference in Bahrain. The global broker notes: “Despite a number of recent terrorist attacks occurring on Middle East and North …

Greaves to Head Marsh’s UK Forensic Accounting, Claims Services Practice

Marsh announced the appointment of Neil Greaves as Leader of its Forensic Accounting and Claims Services (FACS) Practice in the UK, based in London. He will “drive the development of FACS’s UK business portfolio, providing a full range of claims …

OdysseyRe Taps Young to Head Global Insurance, London Market Operations

U.S.-based Odyssey Re Holdings Corp. announced that, effective April 1, 2008, Brian Young will become Chief Executive Officer – Global Insurance and London Market Operations. He presently manages OdysseyRe’s London Market Division. In his new position, Young will have overall …

Willis Places Coverage for World Trade Center Construction

World Trade Center developer Larry A. Silverstein and Willis Group Holdings said they have successfully placed workers’ compensation, general liability, excess liability, and specialty insurance programs for construction of three towers at the World Trade Center site. As the first …

Marsh’s New Private Client Head Warns of Reliance on ‘Standard Cover’

Marsh’s London office has announced the appointment of Adrian Saunders to be the Head of Private Client Services in the UK. He will report to Mike Melling CEO of Marsh’s Consumer Practice in Europe, the Middle East and Africa (EMEA). …

Wood to Head Lockton’s UK Engineering & Construction Treaty Team

Lockton’s reinsurance division announced from its London office that it has appointed Julian Wood as Executive Director. “He will play a leading role in the creation of a new specialist Engineering & Construction treaty reinsurance team that will seek to …

Judge Narrows N.Y.-N.J. Port Authority’s 9/11 Insurance Claim

The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District Court …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Baseball/Softball Insurance Nuts & Bolts: Francis L. Dean & Associates of Florida LLC is offering …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. EPLI Quick Indication Nuts & Bolts: Travis-Pedersen and Associates of Arizona has the ability to …