European airlines self-insure plan crashes
12 March 2002
European airlines’ plans to set up a risk retention group to fund cover against war and terror-related risks have foundered…
International
Swissair beats US lawsuits
12 March 2002
The insurers of now-failed European airline Swissair were celebrating last week after a New York judge barred punitive damages being paid out to settle 20 civil lawsuits…
Terror here to stay, says Buffett
12 March 2002
Legendary investment guru Warren Buffett says the war on terrorism will probably never be won, which will have an effect on the global insurance industry…
THAT new name draws praise . . .
05 March 2002
There were surprises all round last week when British insurance giant CGNU announced it would change its name to the palindromic Aviva…
And a top result, too
05 March 2002
Usually a company changes its name because of a badly needed corporate makeover…
We have cheaper cover, AIG tells airlines
05 March 2002
Giant American insurer AIG hasn’t been slow in trying to block a move by US airlines to set up their own risk retention group…
Higher premiums hurt national economy: US study
05 March 2002
Do the higher price of insurance and difficulties in obtaining it hurt a national economy…
Claims denied in first Enron response
05 March 2002
The collapse of US energy giant Enron is likely to submerge insurers in a series of long and bitter court cases…
R&SA’s sun hidden in gloom of a loss
05 March 2002
Royal & SunAlliance has little to smile about after posting a $30 million loss for 2001…
Swiss Re takes WTC losses on the bottom line
05 March 2002
Swiss Re has posted a 2001 loss of about $29 million, mainly thanks to the continually rising estimates associated with the September 11 terrorist attacks…
Who could succeed Maurice Greenberg?
26 February 2002
It doesn’t take much to get tongues wagging about the future plans of AIG’s 76-year-old Chairman Maurice Greenberg…
Things are not as they seem
26 February 2002
Meanwhile, back in Bermuda, Jacques Blondeau, Chairman of French reinsurance giant Scor, told the conference that insurers must “face reality” in the current market…
Insurer and banker groups discuss merger
26 February 2002
And a piece of news to raise eyebrows in Australia…
Spill leads to compulsory cover demand
19 February 2002
Oil spilling on to a New Zealand beach from a grounded ship has brought to a head a call by the Insurance Council of NZ for compulsory insurance for all ships visiting the country…
Lloyd’s looking good for March 31 deadline
19 February 2002
Lloyd’s is looking a lot more confident about meeting its massive claims following the September 11 disaster…
Self-insurance looks attractive for US fliers, too
19 February 2002
US airlines are following the example of their British counterparts and investigating the formation of their own insurance operation…
Brokers face shotgun law-making
19 February 2002
Britain’s new government regulator, the Financial Services Authority, is preparing new laws to regulate brokers – and has set itself a daunting schedule to make it happen…
More money for new insurance regulator
12 February 2002
Britain’s Financial Services Authority will spend more than $64 million over the next year to regulate the country’s life and general insurance industries…
Terrorism – a factor for investors?
12 February 2002
If you can’t get insurance against terrorist attacks because your insurer won’t offer cover and your government doesn’t seem interested in making it possible…
DVT – the threat is bad enough, says UK court
12 February 2002
A British air traveller who sat in an economy class seat for too long has been awarded $1380 by a British court for being exposed to the risk of deep vein thrombosis…