History
John Foord, founded in London in 1828, specialises in the valuation of commercial and industrial buildings, civils, structures, plant and equipment. As a truly independent advisory firm, delivering advice of the highest quality that minimize risk is central to our purpose. This commitment to quality is at the core of our business strategy, the focus of which is to build trust and transparency with our clients, the insurance and financial markets and wider society.
We support insurance companies, re-insurers, brokers and owners by assessing current reinstatement costs, indemnity values and actual cash values.
For financial reporting, lending and asset management requirements, we provide accurate defendable values and costs as well as documenting fixed assets.
All senior John Foord staff are either qualified with The Royal Institution of Chartered Surveyors or the Institution of Mechanical Engineers, or have internationally recognized quantity surveying, IT or engineering qualifications.
We support clients across 60 countries and have valued assets in over 80 countries. We typically value assets exceeding $400+ billion US dollars per annum.
1828
John Foord was established in London, United Kingdom as John Foord & Co by Mr Foord. It originated as a print business.
1835
First US mutual fire insurance company issues first policy
1859
The ship’s bell from French Frigate La Lutine is recovered from the wreck. It was hung in Lloyd’s Underwriting Room at the Royal Exchange and was rung when news of overdue ships arrived.
1863
Swiss Re signed its first reinsurance contract with Helvetia, one of its founding companies
1907
Cuthbert Heath created “excess loss reinsurance” in Lloyds
1912
Because the Titanic was considered unsinkable it had only been insured for half of its value
1991
John Foord opened a regional headquarters in Singapore
1995
John Foord opened a Wellington office in New Zealand
2000
John Foord opened a Thailand office in Bangkok, servicing the Thailand and Indochina markets
2008
John Foord was awarded Service Provider of the Year for the 12th Asia Insurance Industry Awards
2010
John Foord opened a UAE-Dubai office as the Middle East head office and celebrated its 20th year in Asia in Singapore
2011
John Foord opened a China representative office in Beijing
2011-2013
John Foord valued some USD5 billion of assets on behalf of clients impacted by floods in Bangkok
2012
Everest Expedition
2014
John Foord reopened a UK office to support major European insurance and financial markets
2015
Opened an Australian office in Sydney
2017
John Foord opened a regional office in Miami to service and support clients in the Americas region
2018
John Foord employed staff from 9 different nationalities across the globe and valued some USD167 billion of assets across some 72,000 locations
2019
John Foord presented at RIMS Annual Conference and Exhibition in Boston on: “Assessing replacement costs using big data and analytics”
2020
Michael Gallagher, former CEO of Aon Singapore, joins John Foord as the new chairman to grow Analytics Platform
2021
John Foord focuses on strategy to develop virtual solutions amid COVID-19 and development of the analytics platform
2022
John Foord accelerates global growth with three key hires in the London office, and new hires in Australia and Asia