London News

Marsh UK Names Stacey VP-Construction, Power & Utilities

Marsh UK announced the appointment of Steve Stacey as Senior Vice President, Client Development, of its Construction, Power & Utilities (CPU) Practice. He joins Marsh from his previous position as a partner at Jardine Lloyd Thompson. He will be based …

Marsh UK Launches New “Fraud & Crime” Coverage

Marsh UK announced that it has “developed a pioneering new product addressing the fraud and crime risks faced by financial institutions.” Describing the coverage as “the only product of its kind,” Marsh said its new “Crime and Damage Policy has …

WKF&C Adds Insurance Agents’ Professional Liability Coverage

WKF&C Agency, Inc. has expanded its professional liability facility to include coverage for insurance agents and brokers. The nationwide managing general agency for excess and surplus lines said the coverage, written by underwriters at Lloyd’s of London, would be available …

Guy Carpenter Makes Management Changes

Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has announced a number of changes to its executive leadership teams in North America, the United Kingdom and Europe, effective immediately. David Priebe, 47, …

New Wholesale Broker, Camford National, Opens in N.J.

Lebanon, N.J.-based Camford National Insurance Brokers LLC, has opened as a specialty lines wholesale insurance brokerage serving property/casualty agents and brokers both nationally and internationally. Camford National will specialize in serving excess & surplus lines and industries with hard-to-place risks. …

People and Places

The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new assignments are for one year: International Insurance Relations Committee: chair, Diane Koken, commissioner, Pennsylvania Insurance Department, and vice chair, Dorelisse Juarbe Jiminez, commissioner, Puerto …

Declarations

Common thread “The common threat that brought us together is terrorism. That was our springboard.” Jonathan Edmondson, operations manager of the British Red Cross, at a meeting in New York of government and American Red Cross disaster experts from New …

New Markets

D&O for Small Public Cos. Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can …

New Markets

Trucking Nuts & Bolts: AIX Group, Inc., a specialty insurance holding company, has formed a program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between …

Max Re Changes Sr. Management; Hynes to Retire; Roberts, Tees, Bourdages Assume New Posts

Bermuda-based Max Re Capital Ltd. announced that CFO Keith S. Hynes has indicated his intention to retire, effective April 1, 2007. The bulletin noted that Hynes, “who is currently one of the longest-serving insurance company CFOs in Bermuda, will be …