Japanese stay home as premiums head north
02 October 2001
Japan’s outgoing tourism market, a major source of revenue for Australian tour operators, is drying up rapidly, and so is the insurance cover travelers used to take for granted…
02 October 2001
Japan’s outgoing tourism market, a major source of revenue for Australian tour operators, is drying up rapidly, and so is the insurance cover travelers used to take for granted…
02 October 2001
Shipping companies will also feel the heat from the US terrorist attacks through higher premiums…
25 September 2001
The terrorist war on America has caused chaos in the global insurance industry…
25 September 2001
It’s not only liability that’s drying up. Morgan Stanley said the capacity of the reinsurance market worldwide to take risk, currently around $120 billion annually of premium…
25 September 2001
The US Government has legislated to limit non-passengers’ ability to sue US airlines…
25 September 2001
Meanwhile, the Australian Government has joined European governments in guaranteeing the third-party liabilities of its remaining major airline as the global insurers cancel war and terrorism risks for airlines…
25 September 2001
The Lloyd’s War Risks Committee is demanding that shipping companies inform Lloyd’s of plans to send ships into most of the Middle East’s ports and waterways, including the Arabian Gulf…
25 September 2001
One major question that insurers affected by the New York catastrophe want cleared up quickly is this: was the terrorist attack on America an act of war..?
25 September 2001
Terrorist leader and accused New York attack ringleader Osama bin Laden allegedly financed the attack by short-selling insurance stocks like Axa, Swiss Re and Munich Re…
25 September 2001
There is a “plus” – if there can be such a thing – for the insurance industry in all this chaos…
25 September 2001
AMP has sold its general insurance business in NZ to Royal and Sun Alliance for around $60 million…
25 September 2001
Five major Japanese life insurers – Asahi Mutual, Meiji, Mitsui Mutual, Sumitomo and Yasuda Mutual – have been placed on credit watch by Standard and Poor’s…
18 September 2001
As long as the insurance claims from New York’s World Trade Centre tragedy don’t exceed $US50 million, the global insurance industry will be okay…
18 September 2001
Plummeting insurance stocks in Europe will lift as demand for insurance services rise in the wake of the New York disaster, according to leading analysts…
11 September 2001
HIH-owned Lloyd’s syndicate Cotesworth & Co has collapsed after failing to find a financial backer…
11 September 2001
Zurich Financial Services continues to have a rocky time on European markets, as rumours abound about its desire to exit its loss-making US operation Scudder Investments…
11 September 2001
The stock market slump is catching up with major insurance companies…
04 September 2001
Lloyd’s of London expects to have lost about $4 billion in 1999…
04 September 2001
Things are looking good for Munich Re, the world’s largest reinsurer…
04 September 2001
Workplace safety has a positive impact on a company’s financial performance, according to 95% of US business executives…