Swiss Re cuts jobs
18 July 2006
Swiss Re will reduce its global workforce 17.5% by 2007 through layoffs and attrition as a result of its takeover of GE Insurance late last year…
International
Swiss Re predicts insurance profit rise
18 July 2006
Swiss Re expects global insurance industry profits to increase this year…
Heath Lambert backs out of merger
18 July 2006
Merger talks between London-based brokers Jardine Lloyd Thompson and Heath Lambert have been called off…
US told to prepare for big, big losses
18 July 2006
The US could face insured losses of $US100 billion ($133 billion) in a single year from catastrophic events in the near future, according to the Insurance Information Institute…
Aviva buys AmerUs
18 July 2006
UK Insurer Aviva has confirmed its acquisition of US life insurer AmerUs…
Credit Suisse delivers proceeds to shareholders
11 July 2006
Once you’ve sold a large international insurance company, what do you do with the proceeds of the sale..?
Aviva in AmerUs talks
11 July 2006
Aviva, the UK’s largest insurance group, is feeling amorous…
Hurricanes increase rates in Florida
11 July 2006
Experts are predicting a major storm in Florida this month, as key US home insurer Nationwide tries to increase its rates by as much as 99%…
Silverstein gives insurers a hurry-up
04 July 2006
World Trade Centre developer Larry Silverstein and the Port Authority of New York have sued seven insurers, stating they should hurry up and pay the money they owe…
JLT set to acquire Heath Lambert
04 July 2006
Shares in UK broker Jardine Lloyd Thompson Group jumped nearly 10% yesterday as rumours of an impending merger with major rival Heath Lambert Group swept through London’s…
Lloyd’s PR event ends in puddle
04 July 2006
It was to be one of those spectacular events that attract plenty of free media and get a strong message across…
British regulator to be reviewed
27 June 2006
Britain’s financial watchdog is to be formally reviewed by the UK Government…
Quake threat for LA
27 June 2006
A new study conducted by the Scripps Institution of Oceanography at the University of California has predicted the next earthquake to hit the southern section of…
Japanese insurer suspended over claims
27 June 2006
Japan’s Financial Services Agency has ordered the country’s second-largest property and casualty insurer to stop selling medical insurance because it failed to pay claims…
Allianz sheds 7000
27 June 2006
German insurer Allianz, Europe’s largest insurer, is about to experience some painful cost-cutting, with more than 7000 finance sector jobs to go…
R&SA slashes jobs but positive about future
20 June 2006
No 2 British insurer Royal & SunAlliance is cutting 1550 jobs, including 1000 in the UK, in a bid to save an extra £130 million ($221.9 million) in annualised expenses…
No 9/11 court expenses for Zurich
20 June 2006
Insurers have come out ahead of World Trade Centre leaseholder Larry Silverstein after their fierce court battle over the New York site…
AIG withholds theft information
20 June 2006
Computer equipment containing personal information related to more than 930,000 clients was stolen from a mid-western US office of American International Group…
Axa buys out Winterthur
20 June 2006
Axa has entered a definitive agreement to gain entire control over Winterthur Group from Credit Suisse for €7.9 billion ($13.5 billion)…
New CEO for Guy Carpenter
20 June 2006
Marsh & McLennan Companies has appointed former Benfield CEO David Spiller as CEO of the group’s global risk and reinsurance specialty business Guy Carpenter…