London News

Marsh UK Launches New Hotel Cover

Marsh UK has launched a new hotel facility for individual hotels and small chains. The broker described its “Specialized Products Hotel Facility” as the “first product of its kind in the market” with “exceptionally broad” coverage – all lines cover, …

People and Places

Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects of Countrywide Insurance Services. He also will spearhead efforts to hire …

Lloyd’s Sets $1 Billion Debt Issue

Lloyd’s said it has met with a “positive response from a wide range of quality institutional investors” following its “road show ” to explain the terms for its proposed issue of £500 million ($991.6 million) of Tier 1 subordinated debt …

ACE Tempest Re Makes Several Executive Appointments

The Bermuda-based ACE Tempest Re Group, the reinsurance division of the ACE Group of Companies, has announced a series of executive appointments in its Bermuda, Europe and U.S. operations. Andreas Lewin, ACE Tempest Re President and CEO has been appointed …

Former AIG Exec’s Estate Makes Largest Donation to Mass. Art Museum

The Clark Art Institute in Williamstown, Mass., long known as a home for French and American paintings, is making room for a $90 million British invasion thanks to a donation from the foundation of Sir Edwin Manton. Works by Renoir, …

People

Countrywide Insurance Group named Steve Cardinal president and chief operating officer of Countrywide Insurance Services. As a member of Countrywide Insurance Group’s executive team, Cardinal will oversee all aspects of Countrywide Insurance Services. He also will spearhead efforts to hire …

Aspen Re Expands European Operations with Zurich Office

Aspen Re, a subsidiary of Aspen Insurance Holding Limited, announced the launch of Aspen Re in Europe along with plans to open an office, to be based in Zurich, that will act as the hub for Aspen’s European reinsurance activity. …

U.S. Extends Aid to Conn. Property Owners for April Storm Damage

The federal government has extended aid to private property owners to help repair damage caused by a powerful nor’easter in April. The decision, announced by Gov. M. Jodi Rell’s office, is a reversal of the Federal Emergency Management Agency’s initial …

UK Committee Adopts Contract Certainty Code of Practice

Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed to ensure policies continue to be fully …

NAS Insurance Offers Network Security Insurance

Encino, Calif.-based NAS Insurance Services has a new network security insurance called NetGuard, which covers allegations against an insured such as breach of privacy, identity theft, etc. NetGuard includes gvernment investigations defense cost insurance such as government investigations into HIPAA …