Lloyd’s looks into China
07 May 2002
Lloyd’s Chairman Sax Riley has met with Chinese diplomats to discuss the possibility of the London market setting up an onshore reinsurance operation in China…
International
New boss for Marsh NZ
07 May 2002
Mega-broker Marsh has appointed a new management team for its New Zealand operation…
Maurice Greenberg gets two understudies
07 May 2002
After several years of controversy over possible successors to its long-time CEO, giant American insurer AIG has finally moved to fix the problem…
Lloyd’s makes risk management e-easy
07 May 2002
An “e-hub” designed to transfer and manage risk more efficiently is the latest technology to come from Lloyd’s technology team at lloyds.com…
Europeans get airline war risks scheme
07 May 2002
In a European version of the US Equitime scheme to provide airlines with cover for war risks, insurance brokers Aon and Willis have announced a joint project called Eurotime…
Allianz reaches for the sky
29 April 2002
German giant Allianz has combined with a number of international partners to develop a product that deals with aviation terrorism and war third party legal liability…
St Paul goes offshore – US goes ballistic
29 April 2002
The US Government is getting upset at the number of financial services companies setting up headquarters offshore, principally in Bermuda…
September 11: some developments
29 April 2002
Remember Larry Silverstein, the New York developer who was leasing the World Trade Centre towers…
Huppi quits Zurich
23 April 2002
First Zurich Financial Services lost its global CEO when Rolf Huppi stepped aside in the face of strident shareholder criticism of his recent performance…
Aon battles the bulge
23 April 2002
Higher expenses and a fall in revenue have seen Aon Corporation announcing a lower-than-expected first-quarter profit…
Lawyers keep reforms on ice
23 April 2002
New York’s state’s motor vehicle insurance reforms, detailed in the April edition of Insurance & Risk Professional, remain tied up in court by plaintiff lawyers…
Greenberg shows the way with a pay freeze
16 April 2002
Maurice Greenberg, CEO of US insurance giant AIG and grand old man of the global industry, has reacted in typically direct fashion to the company’s recent September 11-induced lower profits…
Ride the wave in Singapore
16 April 2002
The “early bird” discount for the third Singapore International Insurance Brokers Association Conference has been extended to this Friday, April 19…
Lloyd’s puts $9.4 billion into US fund
09 April 2002
Lloyd’s Chairman Sax Riley has proved as good as his word with the recent transfer of funds to meet the market’s estimated $13.2 billion September 11 commitments…
New company offers some terror cover
09 April 2002
Six European insurers have banded together to insure property on the continent against terrorist attack…
Zurich keeps its focus on asset sales
09 April 2002
Zurich has completed the sale of Scudder Investment Services to Germany’s Deutsche Bank, and is now in talks with Italy’s Generali Group to sell its businesses…
Europe decides to jump into an airline pool
09 April 2002
The European Union’s 15 governments have decided to see if they can form a pool to insure airlines against terrorist attack…
Renewals on hold as Asian insurers battle for a better deal
03 April 2002
Asian insurers are playing hardball with reinsurers over renewal terms, to the point that the April renewal season for Japan, India and Korea has had to be put back a month…
Things get worse for Andersen
03 April 2002
If claimants organising lawsuits over the Enron collapse thought things were confusing, the situation just got worse…
Liquidators appoint HIH connection for UK
03 April 2002
The HIH liquidators have selected British insurance services company Omni Whittington to manage the run-off of the company’s British operations…