Chubb Insurance reaps rewards too
06 August 2002
It looks like the hard market is rewarding more than one global insurer, with US insurer Chubb announcing a rise in net quarterly income of about $397 million compared to…
International
Outlook negative for NZ insurer
06 August 2002
CGNU (sorry, Aviva)-owned New Zealand Insurance has been downgraded by Standard and Poor’s from AA to AA- with a negative outlook…
Euro life insurers okay
06 August 2002
There is nothing wrong with the European life insurance industry, according to international rating agency Fitch…
Pool Re changed
30 July 2002
Pool Re, the British insurance pool being studied by Australian legislators and the local insurance industry, is to be expanded…
AIG enjoys rise
30 July 2002
While some of the middle-market players are feeling the heat, AIG is proving right those economists who say the giants of the insurance industry will recover first…
Marsh records a sound profit
30 July 2002
The flow-on effect is proving beneficial to mega-broker Marsh, which has reported a 15% increase in its second-quarter earnings…
Foiled again, but Names battle on
30 July 2002
The Lloyd’s Names who have fought a marathon series of court battles against the market with allegations of fraud have again been rebuffed by the British Court of Appeal…
St Paul asbestos payout causes high earnings loss
30 July 2002
US insurer The St Paul is continuing to struggle in the face of massive claims following – but not confined to – September 11…
US Eurostock sellout affects European insurers
30 July 2002
The insurance industry hasn’t often had to face problems with declining capacity, underwriting losses and falling equity returns all at the same time…
Lloyd’s goes for big changes
23 July 2002
Lloyd’s Chairman Sax Riley is expected to announce later this week changes involving thousands of “inactive” Lloyd’s Names who want to get out of the market…
FSA says UK is better regulated than US
23 July 2002
Britain’s key financial regulator, the Financial Services Authority, has tried to ease investor fears about worldwide corporate collapses and scandals, saying the UK is better regulated…
Allstate conquering allfinanz
23 July 2002
Looking for an example of allfinanz that works..?
Japan set to abandon terror fund plan
23 July 2002
Japan’s non-life insurers have turned their backs on plans to set up a terrorism fund, a move that could disadvantage Japanese insurers compared to their European and US competitors…
Weather changes affect communities
23 July 2002
Small changes in the weather such as slight temperature increases can have a dramatic effect on the community, similar to that of natural disasters…
Singapore insurers to come under scrutiny
23 July 2002
APRA’s new prudential requirements have formed the basis for corporate governance rules to be introduced in Singapore for the insurance industry later this year…
NY Bill will encourage fraud
16 July 2002
There’s trouble in New York’s uneasy motor vehicle insurance market, where insurers have refused to handle cover that is approved by a new state law…
Asbestos rewards: a lawsuit too far
16 July 2002
Only in America? We hope so…
Urgent calls for aviation pool
16 July 2002
As one European country cut its airlines off from government-back terrorism cover, aviation insurers are calling on the British Government not to follow suit…
GE halts sell-off
16 July 2002
General Electric Co has halted – or at least delayed – plans to split off its general insurance operations, the Wall Street Journal reported…
St Paul’s plans stalled again
16 July 2002
The St Paul has again postponed plans to spin off its reinsurance business into a new Bermuda firm called Platinum Underwriters Holdings…