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…
International
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…
US counts the cost of crashes
01 October 2002
For those vehicle insurers lamenting their lot in the Australian market, vehicle crashes in the year 2000 cost the US more than $421 billion…
Scor drops Gerling
24 September 2002
French reinsurer Scor Re has stepped away from negotiations to buy Gerling Re’s life business and some non-life reinsurance operations…
Insurers pull out of China
24 September 2002
More than 20 foreign insurance companies which entered the China insurance market after the World Trade Organisation agreement was ratified are now pulling out…
Ireland bans contingency fee advertising
24 September 2002
Now it’s the Irish Government joining the attack on the compensation culture. It has announced new regulation banning lawyers from advertising for compensation business…
Brokers in UK warned
24 September 2002
Just a note for brokers and agents feeling a little harassed by all the compliance pressure…