Levene signs on at Lloyd’s
12 November 2002
Lord Levene of Portsoken was confirmed yesterday as the new Chairman of Lloyd’s, ensuring the reform drive of his predecessor, Sax Riley, will continue…
International
Buffett moves in on Lloyd’s, too
12 November 2002
They must be doing things right at Lloyd’s, because Warren Buffett is now a significant investor…
Willis turns around to profit
05 November 2002
Dynamic Willis Chairman and CEO Joe Plumeri has pulled the formerly ailing company into a $55 million third-quarter profit – a dramatic turnaround…
Gerling: what happens next?
05 November 2002
The exit of sixth-largest reinsurer Gerling from the non-life reinsurance market is going to cause a few problems for the rest of the reinsurance industry, according to European sources…
US healthcare premiums keep on rising
05 November 2002
Australia’s health insurance premium problems are being mirrored in the US, where premiums have risen 13% over the past year…
Insurance cycle may fade away
05 November 2002
The traditional insurance cycle may soon be a thing of the past, according to Standard & Poor’s…
Britain tightens up insurance regulation
29 October 2002
Watch out, British insurers and brokers, here comes the FSRA! It feels like it, anyway, as UK Treasury Financial Secretary Ruth Kelly announced proposals to regulate the sale…
US unveils its terrorism insurance plan
29 October 2002
The US Government has finally got a plan to supplement terrorism claims as far as the fractious Congress…
Indonesia seen as marine risk
29 October 2002
Lloyd’s underwriters have reacted to the worsening security situation in Indonesia by placing the entire country under special premiums…
US life companies aren’t too bad: S&P’s
29 October 2002
Standard & Poor’s is continuing to slash the ratings of US life insurance companies, but now it’s tempering its actions with soothing words…
Gerling Re: slowly expiring
29 October 2002
What’s happening with German reinsurer Gerling Global, which has taken some severe hits lately and is now on the “critical” list…?
R&SA denies US pullout
29 October 2002
Royal & SunAlliance has denied a US investment bank’s suggestion that the troubled British insurer may put some of its US general insurance business into run-off…
Mohl gets British regulator offside
22 October 2002
New AMP CEO Andrew Mohl might be enjoying a honeymoon with his shareholders, but he’s ensured himself a hostile relationship with Britain’s Financial Services Authority…
Europeans resurrect Lloyd’s saga
15 October 2002
Lloyd’s Chairman Sax Riley is pushing ahead with his reform program, despite the threat of a revolt by thousands of Names who have the power to force compromises…
Reinsurers under scrutiny
15 October 2002
The Organisation for Economic Co-operation and Development is increasing its surveillance of reinsurance companies in response to concerns that the financial health…
US terror bill still hangs in the balance
08 October 2002
Friday was the deadline given by US President George Bush to the lawmakers responsible for finalising the terror insurance bill…
Report claims British failed to regulate Lloyd's
08 October 2002
The British Government has failed to follow European laws in regulating Lloyd’s of London, according to a draft report by EU member Roy Perry…
S&P’s downgrades Swiss Re
08 October 2002
Swiss Re, the world's number 2 reinsurer, has had its much-envied AAA ratings downgraded by Standard & Poor’s…
WTC saga: Silverstein loses latest round
01 October 2002
The terrorist attacks on the World Trade Centre last year have been adjudged by a New York court to be one event…
Major insurer dumps Texas home insurance market
01 October 2002
Farmers Insurance, one of the largest US general insurers, has moved out of the Texas homeowners’ insurance market, citing a $2.3 billion loss in the state over the past two years…