News
Ex-SA heavyweight joins new rival venture.
A former Salvage Association heavyweight has resurfaced to front a new rival marine surveying compan...
Mutual liability is a testing claim
(Court of Appeal - 21 November 2001) The claimant, Hurstwood Developments (HD), was contracted to b...
Loss adjusting fee cuts mean more fraudulent claims go unchecked.
Despite what they continually preach, insurers permit fraudulent claims to go unhindered. Insurer...
October launch for new body.
A trade body for the replacement industry is now due to be formerly established in October, followin...
View from the Union - Roger Lyons
Roger Lyons, joint general secretary, Amicus The Equal Pay Act went onto the statute book in 1975. ...
Appeal: no proof of victimisation
(Court of Appeal - 18 December 2001) The appellant originally complained of racial discrimination a...
DBS Financial Management links up ...
Independent financial adviser support network DBS Financial Management has linked up with MediQuote ...
Floods return.
The Association of British Insurers this week called on the government to publish its long-awaited r...
Retired Kellogg gets senior job in Signet
Tom Kellogg, the former president and chief operating officer of General Re (now GeneralCologne Re), ...
PMA Re's pre-tax profit slumps by two-thirds
PMA Re made a $1.9m pre-tax profit in the year to the end of 2001 on net written premiums of $361m, c...
General Re posts $1.3bn loss
General Re has said it expects a pre-tax underwriting loss of $1.27bn for the fourth quarter of 2001....
Transatlantic in profit despite 11 September loss
Reinsurer Transatlantic Holdings made an $18.9m net profit in 2001 despite $139.8m of after-tax catas...
Scor scores 34% premium increase
The premiums earned by the French reinsurer Scor in 2001 totalled Euro 4890m; 34% higher on a compara...
Benfield researches bio-terror
In the wake of the US anthrax letters last year, Benfield Greig has published new research into bio-t...
Odyssey Re makes London changes
Odyssey Re is to reorganise its London market division and Brian Young is to succeed David Newman as ...
New CEO for Swiss Re UK
Ruurd de Fluiter is to take over from Martin Albers as chief executive of Swiss Re UK in July. Mr d...
Markel disappointed at 2001 performance
Markel Corporation sees some business potential in the gap in the US medical malpractice market left ...
WR Berkley loses more than expected
US (re)insurer WR Berkley said that it would make a net loss in the fourth quarter of $2.05 per share...
Pinsent appoints reinsurance head
Tim Burton, the group legal counsel at reinsurance intermediary Benfield, is to lead the national and...
Israeli reinsurance withdrawal has no effect
The withdrawal of a number of overseas reinsurers from underwriting compulsory lines in the Israeli m...
Rebriefs - AM Best.
Rating agency AM Best has assigned ratings to three new Bermudian reinsurers. Allied World Assurance...
Appointment at American Re
John Phelan is to succeed Ed Noonan as president and chief executive officer of Munich Re's subsidiar...
P&C performed poorly before WTC, says Fitch.
Even before the terrorist attacks on 11 September, 2001 was "truly a horrible year" for property and...
Primary concerns.
Consolidation among Europe's life insurers might be expected to mean increased retentions, but the statistics tell a different story. Paul Waterhouse of Standard & Poor's takes a look.