Rates levelling, but not softening
29 July 2003
The US-based Council of Insurance Agents & Brokers (CIAB) says there are “signs that an appetite for new business is returning to the insurance marketplace”…
International
German insurers accused of price-fixing
29 July 2003
Is it a case of collusion, or just a case of the regulator not understanding insurance…?
Gerling gets a handout
29 July 2003
Troubled German insurer Gerling appears to have secured its future with a promise by local investors to fund the company to a level sufficient to obtain a Standard & Poor’s ratings…
Mould claims capped
29 July 2003
Florida’s legislature has moved quickly to head off mould claims similar to those which have crippled the insurance industry in Texas…
Willis pulls in 200% more profit
29 July 2003
The No 3 global broker, Willis, has returned another big result for the first six months of this year, with a 200% profit rise…
US making moves to tort reform
22 July 2003
Tort reform for the United States…?
New York tries some risk transfer
22 July 2003
New York Mayor Michael Bloomberg has found a way to deal with slippery pavements that have cost the city hundreds of millions of dollars in lawsuits…
Lunch with Warren Buffett: priceless
15 July 2003
If you really want to get some insights into what’s going on in the insurance world, we suggest you get seven friends to join you in bidding for lunch with legendary industry investor…
Asbestos bill is doomed, says Greenberg
15 July 2003
Leading US insurers don’t believe the asbestos bill being prepared in the US Senate will even make it to the debating stage, says Sunrise Exchange News reporter Monique Hodgetts…
Tiner takes over at Britain’s FSA
15 July 2003
Britain’s Treasury has stepped away from the traditional civil service to find a new CEO for the Financial Services Authority, plumping instead for former Arthur Andersen consultant…
Munich Re gets its China licence
15 July 2003
Swiss Re has lost the race to be the first international reinsurer to get its operating licence from the Chinese Government, pipped at the post by Munich Re…
Health plan costs trap US employers
15 July 2003
US employers who pay for their employees’ health insurance as part of their salary package are being caught up in the country’s rising medical expenses problems…
AIG bulks up in Japan life market
15 July 2003
American International Group’s decision to buy two GE-owned insurance businesses at once gives some idea of the group’s awesome financial strength…
FSA softens rules for small business
08 July 2003
British brokers are breathing sighs of relief following a decision last week by the Financial Services Authority to drop its plan to give small businesses the same status…
Heath Lambert for sale, says newspaper
08 July 2003
The scramble for market share at the top end of the broker market is still in full swing, with Marsh & McLennan reportedly close to buying British broker Heath Lambert…
Gerling sells Canadian operations
08 July 2003
German insurer Gerling has sold Gerling Canada Insurance Company to a group of private fund management companies for an undisclosed sum…
Aon returns to New York
01 July 2003
Global broker Aon has opened new offices in lower Manhattan in New York, less than two years after suffering its darkest hour in the September 11 attacks on the World Trade Centre…
AIG boosts its Japan presence
01 July 2003
AIG Chairman Maurice “Hank” Greenberg is beefing up his company’s presence in one of its traditional markets, Japan…
Another Greenberg re-emerges
01 July 2003
Evan Greenberg has been appointed President of Bermuda-based insurer Ace, putting him in the prime position to succeed CEO Brian Duperreault…
Asbestos bill is progressing
01 July 2003
Amazing as it may seem, the US Senate seems close to getting together asbestos legislation that works…