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International

Storms set us cat record tumbling

17 July 2001

The number of catastrophes hitting US properties has been trending down for the past five years – until the second quarter of this year, that is…

Allianz looks west

17 July 2001

Europe’s largest insurer, Allianz, is completing its $41.3 billion takeover of Dresdner Bank and making clear its expansion plans are centred on the US…

Brokers win round one in council stoush

10 July 2001

British brokers who have resisted signing up for the General Insurance Standards Council have won their first victory in their battle against the umbrella organisation…

Builders hit by independent crash

10 July 2001

The collapse of Britain’s Independent Insurance has many parallels with Australia’s HIH collapse ­– including major problems for builders…

UK insurer takes a tumble

03 July 2001

While the HIH drama has been the focus of attention in Australia, the British insurance market is also experiencing the collapse of a major insurer…

Malaysian move boosts QBE

03 July 2001

QBE has enhanced its earnings potential in Malaysia by signing an MOU to merge its general insurance business with local company MBfBhd…

All down in slowing US market

03 July 2001

The US general insurance industry has recorded a 5.4% drop in net income to about $10 billion for the first quarter of the year…

Three more for the Hall of Fame

26 June 2001

Three leaders of the global insurance industry will be inducted into the Insurance Hall of Fame when the International Insurance Society has its annual meeting in Vienna on July 9…

AXA Chiefs shrug off police detention

19 June 2001

Axa’s two most prominent global executives – Chairman Claude Bebear and CEO Henri de Castries – have found themselves embroiled in a tax avoidance investigation…

Insurers fund bailout

29 May 2001

British insurer Chester Street, which collapsed on January 9, will have many of its outstanding claims paid through a new industry-funded Financial Services Compensation Scheme…