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…
International
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…
Lloyd’s faces new rash of asbestos worries
31 July 2001
Asbestos claims, which nearly decimated the Lloyd’s market and bankrupted many Names in the late 1980s and early 1990s, are beginning to impact on the market again…
Misys earnings up, but stock price down
31 July 2001
British IT giant Misys has seen its share price on the British stock exchange plummet nearly 30% despite posting a very respectable 22% profit increase last year…
Singapore deal gives CGNU 4 million potential customers
31 July 2001
British insurer CGNU has completed a bancassurance partnership deal with major Singapore bank DBS Group…
Zurich still on target
24 July 2001
International group Zurich Financial Services is battling the combined influences of weak financial markets, a strong US dollar and big catastrophe payouts to stick to its profit…
No deal, says Fortis
24 July 2001
Fresh from retreating from the Australian insurance market, Dutch – Belgian Group Fortis is not commenting on the renewed rumours of merger talks with British bank Lloyds…
EU v AIG + US = WTO no go
24 July 2001
American International Group, founded in Shanghai but now centred in New York, is providing a stumbling block to China’s entry into the World Trade Organisation…
CGNU signs on for e-links
24 July 2001
British telecommunications giant Cable & Wireless is moving out of the Australian market as it drops its share of Optus, but its new strategic direction – business telecom…
NZ Fire Service levy – are you liable?
17 July 2001
The NZ Fire Service levy can trap people and organisations who live overseas, according to that country’s largest broker organisation…
Swiss Re/Tokio Marine deal cuts exposure
17 July 2001
Swiss Re and Tokio Marine & Fire Insurance have announced a unique deal to cut capital costs…