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International

Reinsurer assesses terrorism impact

27 May 2003

Swiss Re has produced a report identifying the “parameters of terrorism”. It also assesses terrorism risks, how risk has changed and how the risk community is dealing with…

UK brokers’ protests heeded

27 May 2003

British brokers appear to be closer to a compromise with the country’s Financial Services Authority, which wants to define any business turning over less than…

A bad summer for twisters

27 May 2003

Last week’s devastating windstorms in the central and south-eastern United States are the first sign that this northern summer is going to be a bad one…

Greenberg sees the bright side of SARS

20 May 2003

Maurice Greenberg, legendary CEO of AIG, has told shareholders that the outbreak of the deadly Severe Acute Respiratory Syndrome in Asia will boost life insurance sales in Asia…

Moody’s gloomy over US life

20 May 2003

Eight months after lowering its outlook for the US life insurance industry, ratings agency Moody’s has again served up more gloom…

Deutsche Bank gets out of Gerling

13 May 2003

Germany’s Deutsche Bank is giving up its 34.6% stake in ailing insurance and reinsurance company Gerling and taking up a stake in a reconstructed Gerling NCM…

Airlines to blame for 9/11, say lawyers

06 May 2003

Sixty families of September 11 victims are making their first forays into court to see if they can hold responsible the airlines which owned the aircraft that hit the World Trade Centre…

Willis stays on upward curve

29 April 2003

Willis, the third-largest global broker, is riding high thanks to soaring premium rates. President and CEO Joe Plumeri announced in New York that the group’s revenue rose 23%…

No one’s sneezing at SARS

29 April 2003

Travel insurers are withdrawing cover for people wanting to travel to countries affected by Severe Acute Respiratory Syndrome…

UK insurers count cost of reform

29 April 2003

British insurers are joining brokers in opposing a key plank in the Blair Government’s Financial Services Authority reforms…

Gerling sale – on again, off again

23 April 2003

The sale of German reinsurer Gerling isn’t going according to plan, with the sales efforts of owner Rolf Gerling and Deutsche Bank reportedly coming unstuck…

Insurer-reinsurer gap worries S&P

15 April 2003

Asbestos exposures and resulting differences between insurers and reinsurers in the US are “getting ugly”, according to Standard & Poor’s…

Down go Europeans’ ratings

15 April 2003

The ratings agencies have bounced Europe’s major insurers’ share values further down the slippery slope with credit rating cuts…

Lloyd’s returns a profit for 2002…

08 April 2003

Lloyd’s has returned a profit for the first time in six years, and CEO Nick Prettejohn says it’s been made possible by the market’s “resilience and disciplined approach at a time…

Gerling reinsurance sale approved

08 April 2003

A Frankfurt court has approved the sale of Gerling’s reinsurance division to Globale Management, setting aside a ban on the sale imposed by the German financial services regulator…