London News

Willis Reports Strong Q4, FY Results

Global insurance broker Willis Group Holdings Limited posted strong results for the quarter and year ended December 31, 2006, reporting that commisions and fees increased by seven percent in 2006 up from zero percent in 2005. Separately, the Board of …

Marsh Names Former London Lord Mayor Brewer as Vice-Chairman

Marsh Ltd., the international broker’s UK division, announced that Sir David Brewer CMG, until recently Lord Mayor of London, is to fill the newly created role of Non-Executive Vice Chairman, subject to the approval of the Financial Services Authority. “Sir …

Swiss Re Sells London Office Building for $1.18 Billion

Swiss Re has agreed to sell its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion). The transaction is expected to close this month. Swiss …

Electronic Trading/Processing Surges at Lloyd’s

“A quarter of all premium transactions in the London market are expected to be handled electronically by the end of the month,” said a recent bulletin on the Lloyd’s web site (www.llloyds.com). The Accounting and Settlement Repository Board – the …

City Disaster Teams Share Lessons from Terrorist Attacks

Government and American Red Cross disaster experts from New York, London and Madrid — three cities hit by terrorist attacks in recent years — met last week in New York for a two-day conference to share experiences and improve response …

Willis Appoints D’Andre Executive VP to Head Global Corporate Practice

Willis Group Holdings has announced the appointment of Carla D’Andre as Executive VP of Global Sales and Marketing to lead the Group’s newly formed Global Corporate Practice. Prior to joining Willis, she was Managing Director at Aon Risk Services of …

Marsh Names Cheung to Head UK Modeling Team

Marsh announced from its London office the appointment of Man Cheung as Leader of its Modelling, Analysis and Design team in the UK. He will report to Eddie McLaughlin, the team’s Global Practice Leader, and will oversee the delivery of …

Chicago Park Group Promotes Peter Upjohn, Creates New Department

Chicago-based The Park Group, a wholesale insurance brokerage has announced the promotion of Peter Upjohn to the position of manager of the newly established Professional Liability Brokerage Department. Upjohn is responsible for the majority of the professional liability lines of …

Industry leaders debate regulation in wake of Democratic Congress shift

The Professional Liability Underwriting Society held its international conference in Chicago in late 2006. Moderating a conference panel, television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS and MSNBC, targeted his questions to a diverse group of insurance leaders …

People and Places

Argonaut Group Inc., based in San Antonio, reported that Gregory M. Vezzosi has joined the organization as executive vice president and chief operating officer. Vezzosi will report to Mark E. Watson III, president and chief executive officer, who explained that …