New NRMA firm does well
27 February 2001
State Insurance, the newly acquired NZ arm of NRMA, has recorded an after-tax profit of $NZ31.3 million on net premiums of $NZ344.2 million…
International
Online reinsurer attracts Scor
20 February 2001
French reinsurer Scor has signed up to join inreon, the independent internet-based reinsurance exchange…
Fortis moves into Malaysia
20 February 2001
Malaysia’s largest banking group has agreed to sell 30% of its insurance businesses to Dutch/Belgian financial services company Fortis…
Insurers' pact probed
20 February 2001
One of Europe’s largest insurers, Italian firm Assicurazioni Generali, is in big trouble over comments attributed to its chief executive alleging a…
ACE beats its own forecast
20 February 2001
ACE Ltd has recorded a 61% rise in profits for the last quarter of 2000…
More Winterthur business sold
20 February 2001
Bermuda-based XL Capital will buy the large corporate insurance business of Credit Suisse for $US600 million…
Canada joins reform push
13 February 2001
Canada is the latest country to introduce wide-ranging reforms to its financial services sector…
Quake costs
13 February 2001
Further to our item last week on January’s earthquake in the Indian state of Gujurat, local general insurers have now revised the assessment of their exposure…
Quake bill for indian insurers
06 February 2001
Many of the thousands of buildings flattened by last Friday’s earthquake in the Indian state of Gujurat are insured, although the total payout is expected to be modest by…
Old Cases, New Action
06 February 2001
Asbestos-related claims burned insurers worldwide and led to the near-collapse of the Lloyd’s market in the early 1990s…
Going, going, to AIG
06 February 2001
The world’s largest insurer, American International Group, is close to buying failed Japanese life insurer Chiyoda Mutual…