US looks at a natural catastrophe fund
01 August 2006
Meanwhile, legislation has been introduced before the US Congress to create a commission to examine and work out the best structure for a national catastrophe fund…
International
New insurance fraud watchdog on the case
01 August 2006
The Association of British Insurers has launched a new “Insurance Fraud Bureau” to expose organised insurance frauds…
$86.5 billion: the cost of a New York storm
25 July 2006
A storm hitting New York City this hurricane season could cause up to $US65 billion ($A86.5 billion) in insured damage, Lloyd’s America President Wendy Baker has warned…
US coastal rates still high
25 July 2006
Almost a year has passed since Hurricane Katrina struck the US, yet coastal commercial property insurance rates are still causing pain, up 300-600% for the second quarter…
Contentious US legislation mooted
25 July 2006
US legislation that allows life and property/casualty insurers to choose federal rather than state charters under an “optional federal charter” regulatory system may soon be introduced…
Canada at risk
18 July 2006
Canadian businesses are ill-prepared for climate change and will need to do more to adapt to the implications of global warming, according to Lloyd’s Chairman Lord Peter Levene…
Swiss Re cuts jobs
18 July 2006
Swiss Re will reduce its global workforce 17.5% by 2007 through layoffs and attrition as a result of its takeover of GE Insurance late last year…
Swiss Re predicts insurance profit rise
18 July 2006
Swiss Re expects global insurance industry profits to increase this year…
Heath Lambert backs out of merger
18 July 2006
Merger talks between London-based brokers Jardine Lloyd Thompson and Heath Lambert have been called off…
US told to prepare for big, big losses
18 July 2006
The US could face insured losses of $US100 billion ($133 billion) in a single year from catastrophic events in the near future, according to the Insurance Information Institute…
Aviva buys AmerUs
18 July 2006
UK Insurer Aviva has confirmed its acquisition of US life insurer AmerUs…
Credit Suisse delivers proceeds to shareholders
11 July 2006
Once you’ve sold a large international insurance company, what do you do with the proceeds of the sale..?
Aviva in AmerUs talks
11 July 2006
Aviva, the UK’s largest insurance group, is feeling amorous…
Hurricanes increase rates in Florida
11 July 2006
Experts are predicting a major storm in Florida this month, as key US home insurer Nationwide tries to increase its rates by as much as 99%…
Silverstein gives insurers a hurry-up
04 July 2006
World Trade Centre developer Larry Silverstein and the Port Authority of New York have sued seven insurers, stating they should hurry up and pay the money they owe…
JLT set to acquire Heath Lambert
04 July 2006
Shares in UK broker Jardine Lloyd Thompson Group jumped nearly 10% yesterday as rumours of an impending merger with major rival Heath Lambert Group swept through London’s…
Lloyd’s PR event ends in puddle
04 July 2006
It was to be one of those spectacular events that attract plenty of free media and get a strong message across…
British regulator to be reviewed
27 June 2006
Britain’s financial watchdog is to be formally reviewed by the UK Government…
Quake threat for LA
27 June 2006
A new study conducted by the Scripps Institution of Oceanography at the University of California has predicted the next earthquake to hit the southern section of…
Japanese insurer suspended over claims
27 June 2006
Japan’s Financial Services Agency has ordered the country’s second-largest property and casualty insurer to stop selling medical insurance because it failed to pay claims…