News
Bain report comes under fire
Insurers have dismissed suggestions in the Bain report on the future of the fire service - that the...
US group aims to be major UK player
US specialty insurance group HCC is set to make a push into the UK market, where it hopes to raise pr...
Brokers need regulatory help
Misys Insurance Management has warned that many brokers now "need to move fast" to prepare for regula...
What the papers said this week
THE EXPRESS Former royal butler Paul Burrell may not be able to claim an insurance payout over ...
Capital idea
The £14.25bn for Lloyd's capacity in 2003 represents a record figure for the market. But where will it come from and will it be enough to sustain the market in the long term? Carmine Papa reports.
Appointment at Lloyd's
Rolf Tolle, chief underwriting officer and a board member of the Faraday Group, has been named by L...
Government action expected
One of the recurring themes of 2002 has been compensation - in particular the increasing cost of it...
Harris quits Axa for Lloyd's
AXA this week became the second top-five UK insurer in three months to lose its head of claims. In Se...
Fraud boss rejects the "Poirot" approach
I read with interest Kevin Roberts' letter (Changes to fraud laws, Post Magazine, 12 December, p8) ...
Scor restructures
Scor plans to scale back its underwriting in the US and Bermuda and in unprofitable lines by 10%, o...
Rebriefs - Markel expects writing business soon
US (re)insurer Markel expects to start writing business at a new casualty facultative reinsurance d...
Rebriefs - SVB Holdings to stop
Lloyd's (re)insurer SVB Holdings is to stop writing US liability reinsurance as it sees better retu...
Gerling sells off reinsurance
The German (re)insurer Gerling plans to withdraw from the reinsurance market by the end of 2002 thr...
News in brief - Zurich subsidiary stops writing business
Zurich Financial Services's Bermudian subsidiary Centre has stopped writing credit enhancement busi...
Insurers in the US face claims after snowstorms.
Insurers in the US could face claims of $1bn for losses in the fourth quarter of 2002 after snowstor...
Arig seeks capital after rights issue fails
The Arab Insurance Group (Arig) has been in talks with its main shareholders in an attempt to raise...
Appointment at FFSA
The French Federation of Insurance Companies (FFSA) has created a committee to find a replacement f...
Marine insurers oppose plan
Marine insurers and brokers are opposing a plan by the International Maritime Organisation (IMO) to...
News in brief - Management of broker Glenrand to buy shareholding
The management of the London market (re)insurance broker Glenrand is to buy the shareholding of Gle...
Swiss Re's new London headquarters
The builder of Swiss Re's distinctive new London headquarters put on a light and laser display in N...
ABB seeks buyer for Sirius
Engineering giant ABB is believed to be actively seeking a buyer for its Stockholm-based reinsurer ...
reweb - First seen on the Reinsurance website
Reinsurance broker Benfield Group plans to list on the London Stock Exchange in the first half of 20...
UK revisits key legal issues
The UK courts tackled recurring issues such as aggregation and jurisdiction again in 2002, but some decisions increased uncertainty in areas of (re)insurance law. Dorothy Cory-Wright of law firm DJ Freeman reports.
Premium growth slows
A new report from Swiss Re shows just how hard the world's insurers were hit by claims and stock market turmoil in 2001. Ulrike Birkmaier and Camille Codoni crunch the numbers.