LONDON - Britain's Court of Appeal upheld a $95 million award to the ex-wife of an insurance tycoon on Thursday, the largest judgment ever in a contested divorce in England and Wales.
The court rejected businessman John Charman's argument that a lower court's award of just under 37 percent of his assets for his wife of 29 years, Beverley Charman, was "grotesque and unfair."
John Charman, 54, who built up his fortune during his marriage, is president and chief executive of Bermuda-based Axis Capital Holdings Ltd., and former senior deputy chairman of the Lloyd's insurance market.
The couple divorced last year and have two adult children.
In the lower …