Aon Trade Credit UK (ATC) has appointed Phil Simmons, Kevin Finch and Nicola Smith, formerly of RK Harrison, to its credit insurance team. Simmons will be joining the ATC leadership team as commercial director, focusing on further expanding Aon’s major …
The UK’s Chancellor of the Exchequer, Alistair Darling, backed tougher Europe-wide financial regulation in a Times article on Wednesday, but stressed that the UK’s financial services industry must not be restrained in global competition. Darling came out in support of …
American International Group, Inc. (AIG) today said that it has closed two previously announced transactions with the Federal Reserve Bank of New York (FRBNY) that have reduced the debt AIG owes the FRBNY by $25 billion in exchange for the …
Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be light at the end of the tunnel, but the …
ACE announced the appointment of Tom Hillier in the role of Corporate Casualty Manager for London, based in ACE’s Leadenhall Street office. He will report to Graeme McGeachie, Corporate P&C Underwriting Manager, Southern Region. ACE noted that the “appointment follows …
Marsh’s London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and gaming (gambling) organizations. The new product, created by Marsh’s Financial and Professional (FINPRO) Practice in London, is available …
Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd’s of London for defense costs. Lloyd’s had advanced some legal fees under a directors and officers policy. But the insurer …
Lloyd’s and international insurer Beazley announced that underwriters placing business for the company now have access to the Lloyd’s Exchange. The processing system will enable them to “undertake electronic placing, endorsements and other market initiatives,” said the bulletin, adding that …
Michigan officials have ordered a Northville insurance agency, Henrickson Hoppens Agency, to immediately close down, accusing it of selling insurance and issuing insurance certificates without a license. The order extends to agents Germaine and Stephen Hoppens, whose licenses had been …
Aon UK announced that it has made six new appointments to its aviation team. “The move is part of Aon’s recruitment drive to bring in fresh thinking and further rejuvenate the strength of its service offering to clients,” said the …
