Dispute resolution schemes prosper
03 April 2002
New figures released by the Irish insurance ombudsman show a 24% increase in written complaints last year…
International
British insurers want a tax break, too
03 April 2002
Australia’s brokers aren’t the only ones arguing for cuts in premium taxes – British insurers are also cutting up rough at the windfall profits being enjoyed by their government…
Huppi under pressure over Zurich’s troubles
03 April 2002
Zurich global Chairman and CEO Rolf Huppi has been criticised by an internal report that claims he is responsible for leaving the company uncomfortably exposed to September 11…
Duncan Boyle takes top UK post
26 March 2002
Former Royal & SunAlliance Australia chief Duncan Boyle has become CEO of the company’s British operations…
Broker bodies merge
26 March 2002
Britain’s two largest broker bodies, the Association of Insurance Intermediaries and Brokers and the British Insurance Brokers Association have voted to merge…
Employers Re rumours worry ratings agency
26 March 2002
Is industry giant GE really planning to spin off its insurance and reinsurance operations..?
Munich Re shrugs off 9/11 with a profit
26 March 2002
Despite the unprecedented claims burdens of 2001, Munich Re has still reported strong growth figures for 2001 – even stronger than the previous year…
The hard market bites globally
19 March 2002
Swiss Re says insurance and reinsurance rates rose significantly during the January renewal period…
US extends airline terrorism coverage
19 March 2002
While the British and German governments are pushing for airlines to continue negotiating with insurers on terrorism coverage, the US looks to have agreed to extend insurance support…
We need wider terrorism cover, say British insurers
12 March 2002
British insurers have renewed calls for wider terrorism cover…
European airlines self-insure plan crashes
12 March 2002
European airlines’ plans to set up a risk retention group to fund cover against war and terror-related risks have foundered…
Swissair beats US lawsuits
12 March 2002
The insurers of now-failed European airline Swissair were celebrating last week after a New York judge barred punitive damages being paid out to settle 20 civil lawsuits…
Terror here to stay, says Buffett
12 March 2002
Legendary investment guru Warren Buffett says the war on terrorism will probably never be won, which will have an effect on the global insurance industry…
THAT new name draws praise . . .
05 March 2002
There were surprises all round last week when British insurance giant CGNU announced it would change its name to the palindromic Aviva…
And a top result, too
05 March 2002
Usually a company changes its name because of a badly needed corporate makeover…
We have cheaper cover, AIG tells airlines
05 March 2002
Giant American insurer AIG hasn’t been slow in trying to block a move by US airlines to set up their own risk retention group…
Higher premiums hurt national economy: US study
05 March 2002
Do the higher price of insurance and difficulties in obtaining it hurt a national economy…
Claims denied in first Enron response
05 March 2002
The collapse of US energy giant Enron is likely to submerge insurers in a series of long and bitter court cases…
R&SA’s sun hidden in gloom of a loss
05 March 2002
Royal & SunAlliance has little to smile about after posting a $30 million loss for 2001…
Swiss Re takes WTC losses on the bottom line
05 March 2002
Swiss Re has posted a 2001 loss of about $29 million, mainly thanks to the continually rising estimates associated with the September 11 terrorist attacks…