Stuart Collins (mailto:scollins@BIEurope.com)
LONDON?Aon Ltd., the London-based unit of Chicago-based brokerage Aon Corp., has appointed Robert Brown to head its U.K. corporate insurance business. Mr. Brown has been named chief executive officer of Aon Corporate, which includes the company?s large commercial insurance, professional...
LONDON?London-based brokerage, THB Group P.L.C., is to launch a general managing agency and will continue to look for acquisitions, in spite of disappointing results for the six months to Oct. 31, 2007. Earlier this month, THB withdrew its offer to acquire the Lloyd?s broking and overseas...
LONDON?The U.K. government is to push ahead with plans to establish an expert panel that will advise senior ministers on how best to respond to public risk events such as food scares and transport accidents, as well as address public concerns over issues such as genetically modified foods. The...
LONDON?Industries that rely on the U.K.?s marine environment?such as ports, shipping and fisheries?are likely to experience a significant impact from climate change, according to a report published Wednesday. Climate models predict fewer Atlantic storms in the future, but there will...
LONDON? Tokio Marine & Nichido Fire Insurance Co. Ltd., part of Tokyo-based Millea Holdings Inc., has reached an agreement to acquire Lloyd?s of London insurer Kiln Ltd. for £442.2 million ($897.9 million) in cash. The acquisition of Kiln will take a pivotal role in the expansion of the...
LONDON? Output from Fitch Ratings Ltd.?s capital model, has resulted in only a limited number of rating actions, and supports the rating agency?s belief that insurers in the United States and Europe are strongly capitalized. Three years in development, Fitch published the results of its...
HOUSTON? The guilty plea of three former Greenwich Nat West Ltd. bankers in a Houston court Wednesday, will remind European directors of the risks involved with U.S. business, experts say. The three U.K. citizens ? who were extradited from the United Kingdom 17 months ago to face charges...
LONDON?The second round of consultation on the transposition of the E.U.?s Environmental Liability Directive (2004/35/EC) into U.K. law has been delayed until next year. The government had expected to publish its second, and more detailed consultation in the fall. However, this is unlikely to...
LONDON?Two London-based insurers have reported that premium rates in 2007 have fallen in most specialty lines, although U.K. property and motor has stabilized. Brit Insurance Holdings P.L.C., which underwrites at Lloyd?s of London and through a separate U.K. insurance company, reported that...
SYDNEY, Australia?The commercial insurance market remains competitive with excess capacity and falling rates, according to a survey published by Aon Australia, a unit of Chicago-based brokerage, Aon Corp. Rate reductions for large corporate property risks were in the mid-to-high single digit...
