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…
International
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…
Airlines consider pooling their cover
12 February 2002
Meanwhile, 12 British airlines are contemplating forming their own buyers’ pool for terrorism insurance…
Lloyd’s wants more cash from investors
12 February 2002
Lloyd’s has made a $1.5 billion cash call on its investors, the second such call it has made since September 11…
… and another 15% rise this year, please!
12 February 2002
Some experts might be predicting a slowdown in premium rises over the next six months in response to the massive injection of capital into the global market…
Disciplined underwriting: great, but for how long?
05 February 2002
The September 11 attacks have at least made the US insurance industry more disciplined in its approaches to underwriting, but no one knows how long that will last…
Capital coming in won’t prevent rates going up
05 February 2002
Will the influx of capital into global reinsurance markets help to push premiums down..?
Swiss Re sells crucial insurer to Gerling
05 February 2002
The company responsible for insuring about $6.5 billion of Australia’s exports each year has been sold…
A little bit of tension at Lloyd’s
05 February 2002
Lloyd’s, still dripping red ink from bad years through much of the 1990s, is expected to make a call on its investors within the next week to stump up even more money to help…
Meanwhile, the Names dig in for their biggest battle
05 February 2002
As the remaining Lloyd’s Names dig into their pockets even deeper, they are also contemplating their future…
Tokio, Asahi break off the engagement
05 February 2002
Troubled Japanese insurers Tokio Marine and Fire – the country’s largest general insurer – and Asahi Mutual Life have called a halt to their planned March merger…
Workers’ comp – a pain in the US, too
05 February 2002
Australian politicians and insurers aren’t the only ones who think workers’ compensation schemes are unresponsive, clumsy and expensive…
Middle East shipping lines get a break
05 February 2002
While governments around the world continue to sit on their hands over reinsurers’ refusal to cover terrorism-related risks, shipping companies running to Middle East ports…