News
LMAA rule revision.
The London Maritime Arbitrators Association has introduced new rules for arbitrations commencing thi...
New Zealand faces private medical cash flow problems.
The policyholders of one of New Zealand's leading health insurers could be forced to pay upfront for...
Aon securitises for underwriting spin-off
US-based broker Aon claims to have completed a first-of-a-kind securitisation by turning $450m of lim...
No US terrorism pool, predicts Fitch
The US Congress looks unlikely to set up a terrorism reinsurance pool in the near future, predicts th...
Alea gets $90m more
Institutional investors have put a further $90m into the Bermudian (re)insurer Alea Group Holdings (B...
Annuity and Life Re issue profit warning
Bermudian reinsurer Annuity and Life Re has announced that its profit for the fourth quarter of 2001 ...
Diversification risks to be scrutinised by insurers
As more and more European insurers diversify into the banking market, they need to scrutinise the rel...
Subscription market is back
The attacks of 11 September have prompted a return to the subscription market, according to Don Krame...
Scor forecasts Euro 250m loss for 2001
French reinsurer Scor is to cease writing US program business and withdraw from global health markets...
President resigns in face of major losses
Nissan Fire & Marine Insurance has announced the resignation of its president, Ryutaro Sato, after he...
NAIC probes state of reinsurance industry
The reinsurance task force of the US National Association of Insurance Commissioners (NAIC) is to hol...
Equitable not part of HBOS.
I'm sure it came as much of a surprise to HBOS as it did to me to learn that Equitable Life was now ...
Executive decisions.
When it comes to the hiring and firing of senior executives, careful preparation of employment contracts can help you avoid costly and time-consuming mistakes later, according to Kate Payne and Philippa Bogle.
BIBA: criticism wide of the mark.
It is unfortunate the author of the letter (BIBA and GISC are a disgrace, PM, 13 December 2001) did ...
Casino gambles on $45m payout.
A Palestinian insurer is being sued for $45m (£31m) by the owners of a casino closed by violence in ...
Caminco venture.
The Cambodian National Assembly has earmarked $13m (£9m) in the 2002 national budget to convert the ...
Limitation in abuse cases.
The House of Lords has considered instances where an employer may be vicariously responsible for sex...
Australia counts the cost of bush fires.
The cost of the bush fires in New South Wales has reached A$70m (£26m) and is expected to rise even ...
US: miles of cover.
A plan to allow companies to sell motor insurance by distance has been authorised by the Texas Legis...
Appointment at Cargo Solutions.
Cargo Solutions has recruited Nick Bignell as its business development manager. He joins from Willis...
Review sees new PCS boss.
Barry Woodward, the former head of Royal & Sun Alliance's commercial loss adjusting subsidiary Prope...
Architect's under fire not liable.
Bellefield Computer Services v E Turner & Sons & Ors (Technology and Construction Court - 9 November 2001).
Additional motor levy set to hit insurers hard.
UK motor insurers are set to face an additional multi-million-pound levy call when the Department of...
US tragedy blights good aviation year.
The terrorist attacks of 11 September blighted what was otherwise a good year for aviation safety, a...