Swiss Re predicts recovery
01 April 2003
No 2 reinsurer Swiss Re has predicted a swift return to profit after announcing a net loss of $109 million for 2002…
01 April 2003
No 2 reinsurer Swiss Re has predicted a swift return to profit after announcing a net loss of $109 million for 2002…
01 April 2003
Another leading German company has taken a hit, with Allianz and its core subsidiaries being dropped by ratings agency AM Best from AA++ to A+…
01 April 2003
Businesses in the United States don’t want to purchase terrorism policies, according to a report from insurers…
25 March 2003
A natural catastrophes study by reinsurer Munich Re has found that Tokyo is the most vulnerable city on earth, in terms of natural catastrophes…
25 March 2003
Insurers will still cover airlines flying to and from the Middle East after the breakout of war in Iraq last week…
25 March 2003
A specialist terrorism insurer set up by six big insurance and reinsurance groups last April has been forced to shut its doors because people weren’t prepared to pay its prices…
18 March 2003
The tug of war continues in the UK over its new regulatory regime, with the release of the Financial Services Authority Consultation Paper 160…
18 March 2003
Comments from billionaire investor and reinsurance company owner Warren Buffett have created huge waves for Germany’s Gerling Group…
18 March 2003
Lloyd’s Chairman Lord Levene has called on underwriters and brokers to move away from the paper-bound system and embrace the 21st century…
11 March 2003
After about $4 billion in claims, the Great American Mould Disaster seems to be gradually disappearing…
11 March 2003
While Promina, for now the local branch of Royal & SunAlliance, gears itself up for its enormous Asia-Pacific asset sale, the London-based parent continues its horror run with investors…
04 March 2003
European giant Zurich Financial posted a widely expected $5.5 billion net loss for 2002 on an operating profit of $1.7 billion…
04 March 2003
London-based insurer Aviva – the former parent of CGU – has announced a 2002 general insurance profit of almost $2.5 billion…
04 March 2003
Just don’t mention the war…
04 March 2003
Britain’s new Financial Services Authority is putting some big hurdles in the way of insurance brokers, with most small businesses given the same consumer protection status…
25 February 2003
The US Senate has introduced legislation intended to cut back the horrendous onslaught of asbestos suits rocking the insurance industry…
25 February 2003
Dutch giant ING has recorded an operational profit for 2002 of $7.62 billion, almost equal to its 2001 results, but has refused to make any predictions for this year…
25 February 2003
A US poll shows that nearly 60% of Americans support the introduction of legislation to limit medical liability payouts…
18 February 2003
Britain is following Australia into a complete overhaul of the general insurance industry, with the Financial Services Authority announcing that it will begin regulating general insurance…
18 February 2003
After a shocker last week – announcing a $3.6 million charge for boosting claims reserves – AIG said this week it still expects to record a 2003 profit of around $16.6 billion…