Japan’s life industry continues to weaken
11 June 2002
Japan’s life insurance industry is still in terrible shape, according to the latest reports collated by ratings agency Standard & Poor’s…
International
Munich Re becomes an ART dealer
04 June 2002
It has been a player before, but now Munich Re is moving into the alternative risk transfer market in a big way…
IP woes for World Cup sponsors
04 June 2002
World Cup sponsors’ brand values could diminish if planned protests against them go ahead, an intellectual property expert has warned…
NZ will soon feel the brunt of September 11
28 May 2002
Rising rates and a capacity shortage are beginning to be felt in New Zealand, a year after Australia was hit…
CGNU faces opposition over new name
28 May 2002
Forget the Toronto-based Jewish lesbian collective named Aviva – now some big guns are ranging against CGNU’s change of name…
Names get the better of Lloyd’s
28 May 2002
After much pressure from influential Names Lloyd’s has decided to scrap its plan to buy out wealthy individual investors…
World Cup takes Japan by storm
28 May 2002
Japanese businesses are taking advantage of weather derivatives – a recently introduced financial tool…
AIG gets life licence in China
28 May 2002
American International Group has been granted a licence to sell life insurance in Beijing…
Storms bring in huge bill for US insurers
28 May 2002
US insurers will pay out $1.4 billion for claims resulting from April storms…
Insurers warned of market “disconnect”
21 May 2002
Insurers have been put on notice to fulfill their role as carriers of risk or be replaced in an evolving industry…
Zurich finds a new CEO
21 May 2002
After months of uncertainty, Europe’s third-largest insurer, Zurich Financial Services, has given the CEO’s job to American Jim Schiro…
Berkshire Hathaway profits rise
21 May 2002
After suffering big losses from September 11, Berkshire Hathaway, the vehicle of US investment guru Warren Buffett, has announced a 51% increase in quarterly profits…
China separates insurance from banking
21 May 2002
In a move that reflects the old law that ruled US financial services for many years, China has made it clear that insurance and banking will be kept well away from each other…
US asbestos settlement – one of the biggest
21 May 2002
US chemical and paint manufacturer PPG and several insurers will pay out around $5 billion over 21 years in a bid to settle all outstanding and future asbestos claims…
Allianz reaps rewards… in insurance
21 May 2002
German giant Allianz has marked the first quarter of 2002 with a record profit…
WTC blowtorch turns on Willis
14 May 2002
Willis Chairman and CEO Joe Plumeri is a fast-talking, streetwise New Yorker…
Lloyd’s rethinks its Names strategy
14 May 2002
After months of brinksmanship, Lloyd’s Chairman Sax Riley has admitted that the recently announced plan to buy the market’s 12,000 unlimited liability Names out…
UK insurers face tougher capital adequacy rules
14 May 2002
Britain’s Financial Services Authority has decided to impose tighter capital adequacy rules on insurance companies to reduce the risk of a major company falling over…
US banks untroubled by lack of terror cover
14 May 2002
The lack of availability of terrorism cover since September 11 hasn’t stopped US banks from lending money for commercial projects…
When a new broker is a very big deal
14 May 2002
A company named JK Industries is set to launch an insurance broking business in 10 major Indian cities…