London News

Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer

The Excess and Surplus Lines segment of Argo Group International Holdings, Ltd. has appointed Michael Fleischer as E&S segment chief underwriting officer. Fleischer will work closely with E&S segment businesses Colony, Argo Pro and Argo Specialty to help maximize profitability …

Japan Analyzing Damage to Tanker in Hormuz Strait

Checks on a Japanese oil tanker, damaged by a mystery explosion near the Strait of Hormuz oil shipping route, found a soot-like substance in a large dent in its hull, the Transport Ministry in Tokyo said on Wednesday. (See IJ …

Marsh Risk Consulting Names Waterer to Head New Operational Risk Post

Marsh’s London office announced the promotion of Richard Waterer to the newly created role of Head of Operational Risk for Marsh Risk Consulting (MRC) in the UK. He will report to Jeff Colburn, UK MRC Leader. Waterer will be responsible …

Lloyd’s Exchange Continues to Gain London Market’s Acceptance

Lloyd’s electronic Exchange has been in development for nearly two years, but it’s now increasingly a tool in more general use. A bulletin on the Lloyd’s web site (www.lloyds.com) states that the Exchange is already “seeing encouraging results, but the …

AXIS Global Accident & Health Names Allen Senior VP Intl. Insurance

AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited, announced that Giles Allen has been named Senior Vice President, International Accident & Health Insurance Operations. He is based in London, where he will manage the division’s international …

Extreme Weather Seen Unlikely to Help Climate Talks

Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance, has blamed mankind’s …

ACE Names Keogh Vice Chairman

ACE Limited announced from its headquarters in Zurich that John Keogh, currently the Insurance Chairman of the group’s Overseas General division, has been named to the additional position of Vice Chairman, ACE Limited and ACE Group Holdings. His responsibilities encompass …

Business Moves

Arthur J. Gallagher, Specialised Broking Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were …

Business Moves

Arthur J. Gallagher, Specialised Broking Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were …

Survey: Double Dip Recession Tops Concerns of Europe’s Business Leaders

The potential for a global double dip recession and its impact on trade in Europe, top the list of risks facing businesses according to new research conducted by the Economist Intelligence Unit (EIU) and co-sponsored by ACE. “Recession also creates …