News
Kiln aims for £500m capacity for 2002
Lloyd's insurer Kiln intends to increase group underwriting capacity to £500m for the 2002 year of ac...
AIG launches PMI for small business
AIG Europe has launched what it describes as a new type of group health insurance for smaller busines...
PPB will not raise levy
The Policyholders Protection Board has decided it has sufficient funds to cover claims up to N2, the ...
RSA suspends reinsurance underwriting
Royal & SunAlliance (RSA) has temporarily suspended its inwards reinsurance underwriting while it rev...
Names must stump up £786m
Lloyd's Names have been asked for £786m ($1.1bn) to cover expected losses in the market and to boost ...
Davies forecasts new solvency regime
The Financial Services Authority is not set to return to the old solvency regime for insurers followi...
QBE acts to build war chest
Australia's QBE Insurance Group, which is a dominant player in the Lloyd's market, is to raise up to ...
US government reveals safety net plan
The US government has put forward a plan to help property and casualty insurers re-establish a commer...
Job losses possible as Crowe halts MBO talks
Lloyd's managing agent Crowe has announced that management buy out negotiations have halted and that ...
Plug pulled on i2i-link
The insurer-backed industry initiative, i2i-link, has decided not to proceed with the creation of its...
Amlin ups WTC losses and increases capacity plans
Lloyd's insurer Amlin has revised its estimate of net losses arising from the terrorist attacks of 1...
Alder Life sale completed
The sale of life syndicate Alder Life to Wren by Ockham, announced at the end of August, has now been...
IPC Re increases terrorism loss figure
IPC Re of Bermuda has increased the estimate of its losses from the 11 September terrorist attacks in...
Management shake-up at Alexander Forbes
Alexander Forbes has restructured the management of its retail risk services businesses following las...
Hartford quits non-US reinsurance
US reinsurance group The Hartford has put its non-US reinsurance business — worth $150m of annual pre...
US cuts Lloyd's deposits for terrorist liabilities
US regulators have temporarily cut the sum that Lloyd's must deposit in reinsurance trust funds for p...
Clearing the decks.
As the number of asbestos-related claims creeps up, employers' liability insurers on both sides of the Atlantic are facing troubled futures. Decision-makers need to sit down and agree a common approach, if the industry is to deal with outstanding cases…
Labour costs rise.
The cost and rate of labour turnover has reached record levels, according to an annual survey by the...
Eureko reaches agreement with PZU.
Pan-European insurer Eureko aims to become an Eastern European insurance powerhouse after finally re...
Actuaries abandon industry.
They have been much maligned as the esoteric statisticians who have failed to make provisions for th...
NU makes HNW push.
Norwich Union is set for a major push into the high net worth sector, with the launch of its first n...
Chordiant deal for Accenture.
Global consultancy Accenture has expanded its insurance offering through a partnership deal with US ...
Double the money?
Lloyd's and the other insurers of the World Trade Center could have to payout twice for damage to th...
Resolving the unresolvable?
Mike Reeves explains how loss adjusters are planning to deal with the aftermath of the terrorist atrocities in the US. He acknowledges that decisions made now could change the future face of adjusting.