Lloyd’s wants more cash from investors
12 February 2002
Lloyd’s has made a $1.5 billion cash call on its investors, the second such call it has made since September 11…
International
… and another 15% rise this year, please!
12 February 2002
Some experts might be predicting a slowdown in premium rises over the next six months in response to the massive injection of capital into the global market…
Disciplined underwriting: great, but for how long?
05 February 2002
The September 11 attacks have at least made the US insurance industry more disciplined in its approaches to underwriting, but no one knows how long that will last…
Capital coming in won’t prevent rates going up
05 February 2002
Will the influx of capital into global reinsurance markets help to push premiums down..?
Swiss Re sells crucial insurer to Gerling
05 February 2002
The company responsible for insuring about $6.5 billion of Australia’s exports each year has been sold…
A little bit of tension at Lloyd’s
05 February 2002
Lloyd’s, still dripping red ink from bad years through much of the 1990s, is expected to make a call on its investors within the next week to stump up even more money to help…
Meanwhile, the Names dig in for their biggest battle
05 February 2002
As the remaining Lloyd’s Names dig into their pockets even deeper, they are also contemplating their future…
Tokio, Asahi break off the engagement
05 February 2002
Troubled Japanese insurers Tokio Marine and Fire – the country’s largest general insurer – and Asahi Mutual Life have called a halt to their planned March merger…
Workers’ comp – a pain in the US, too
05 February 2002
Australian politicians and insurers aren’t the only ones who think workers’ compensation schemes are unresponsive, clumsy and expensive…
Middle East shipping lines get a break
05 February 2002
While governments around the world continue to sit on their hands over reinsurers’ refusal to cover terrorism-related risks, shipping companies running to Middle East ports…
Paddick wins regulator battle
23 October 2001
Fiesty British broker leader Andrew Paddick has taken on the might of the combined UK insurance industry and the Government, and won…
Liquidator wants the money back
23 October 2001
The ownership of funds held by brokers after the collapse of an insurer was a serious question in Australia following the collapse of HIH last March…
RSA closes reinsurance operation
23 October 2001
Royal & SunAlliance has suspended its reinsurance operations in London, but it’s not in response to the company’s estimated $381 exposure to the September 11 attacks…
Names face big cash call from Lloyd’s
23 October 2001
Lloyd’s is making a $2.26 billion cash call on its institutional investors as well as its private investors – the names – to meet liabilities flowing from the September 11 terrorist attacks…
Terrorist attacks: the cost so far
16 October 2001
Insurers exposed to the US terrorist attacks are still revising their estimates upwards…
US insurers seek a cover solution
16 October 2001
Several US insurers have noted the success of Britain’s Pool Re, a statutory body formed in 1993 to cover property-related damage caused by terrorism…
Even real estate groups want Government intervention
16 October 2001
Insurers aren’t the only ones wanting US Government backing…
PR challenge for insurers
16 October 2001
The spin-doctors are moving in on the global insurance industry, seeing an important sector in need of some expensive advice…
Airlines still pose a major problem
16 October 2001
The European Commission is investigating ways it can help airlines overcome new insurance and security costs being imposed on them after the September 11 attacks…
And airports are a worry, too
16 October 2001
Severe cuts in insurance cover for terrorism and war following the September 11 attacks is also likely to see many European airports close if they can’t get extended government protection…