Euro insurance stocks hit, too
18 September 2001
Plummeting insurance stocks in Europe will lift as demand for insurance services rise in the wake of the New York disaster, according to leading analysts…
International
One of Lloyd’s oldest collapses
11 September 2001
HIH-owned Lloyd’s syndicate Cotesworth & Co has collapsed after failing to find a financial backer…
Zurich set to do swap deal with bank
11 September 2001
Zurich Financial Services continues to have a rocky time on European markets, as rumours abound about its desire to exit its loss-making US operation Scudder Investments…
Swiss Re profits head down
11 September 2001
The stock market slump is catching up with major insurance companies…
Lloyd’s bleeds three-year-old red ink
04 September 2001
Lloyd’s of London expects to have lost about $4 billion in 1999…
Munich Re’s profit jumps 99%
04 September 2001
Things are looking good for Munich Re, the world’s largest reinsurer…
US workplace safety feeds bottom line
04 September 2001
Workplace safety has a positive impact on a company’s financial performance, according to 95% of US business executives…
Zurich reels under rumours
28 August 2001
How well is global financial services giant Zurich performing? Not well, if you go by the company’s share price in Europe…
US insurers push up premiums, too
28 August 2001
Australian insurance-buyers aren’t the only people making a fuss about rising insurance premiums…
AIG becomes number 1 insurer
21 August 2001
American giant AIG is close to cleaning up the final details of its takeover of American General Corp…
Premiums up, but investments let Allianz down
21 August 2001
Global insurer Allianz has blamed a 28% fall in investment income for its first-half profit fall of about 8%…
Singapore has a super boom
21 August 2001
Singapore’s Life Insurance Association is full of praise for the Government’s liberalisation of the state pension system…
What’s in a name: three times as much
21 August 2001
The capital amount required to join a Lloyd’s syndicate has been doubled to about $150,000, a move widely interpreted as a signal that the market wants more corporate…
Independent, but not that independent
14 August 2001
Michael Bright, the sacked founder and CEO of collapsed British insurer Independent, personally brokered the company’s reinsurance program, according to British…
Asia/Pacific performance prevents an Axa profit flatline
14 August 2001
Things haven’t gone too well for Axa in the first half of the year…
Hungry Europeans circle R&SA
14 August 2001
British insurer Royal & SunAlliance continues to be the centre of market speculation as cashed-up European insurers search for easy access to the British market…
CGNU raises its profit performance
07 August 2001
British insurance giant CGNU has pushed its first-half profits rise by 42%…
R&SA does better
07 August 2001
Royal & SunAlliance has also recorded a better-than-expected first half, although its profit rise was only 17% and at the low side of analysts’ forecasts…
Reinsurers find new ways to spread the load
07 August 2001
Zurich Re has sold its first “catastrophe bonds”, matching its exposure to US and European windstorms and a California earthquake…
Insurance surcharge for Sri Lanka
07 August 2001
Airlines flying into Sri Lanka now face a massive surcharge after three commercial jets were destroyed by suicide bombers at Colombo airport…