News
Tradition fights changes.
As reinsurers reel from the US terrorist attacks, many will view Italy as a quiet, traditional backwater, but, explains John Sanders, that does not necessarily make it an easy country for reinsurers to do business in.
Rebriefs - Aon.
Broker Aon has set up a task force to advise clients on the best use of captives in the hardening ma...
Friendly and flexible.
Extraordinary times can lead to extraordinary behaviour. The unprecedented events of 11 September ha...
Bermuda gets supervisor.
Bermuda has created the new position of supervisor of insurance as the first move towards creating a...
Court allows Jaffray appeal.
The UK Court of Appeal has granted 220 Lloyd's Names permission to appeal against the High Court jud...
Rebriefs - Lloyds.
Rating company Fitch has estimated that Lloyd's will make losses of £1.5bn ($2.2bn) in the 1999 open...
Former Aon chief is new Accidentcare CEO
Mike Eve, the former chief executive of Aon Risk Services, has been named as the new chief executive ...
Ace issues legal proceedings against Charman
Bermudian insurer Ace has started legal proceedings against former Ace chief executive John Charman....
Government reaffirms commitment to terrorist cover
The government reaffirmed its commitment to providing retrocessional cover for terrorist acts in resp...
XL reports Q3 loss of $840m
XL Capital's combined ratio leapt to 223% in the third quarter of this year as it reported a net loss...
IPC Re posts record losses
Bermudian property catastrophe reinsurer IPC Re has recorded its worst ever quarterly results, follow...
St Paul losses prompt review
St Paul is to review its international and healthcare business after reporting heavy third-quarter lo...
St Paul makes heavy third quarter loss
Insurer St Paul has reported a heavy loss of £375m for the third quarter as it paid out massive claim...
Legal action over WTC
A British subsidiary of reinsurer Swiss Re has gone to court seeking confirmation that the destructio...
S&P predicts £5.4bn loss for Lloyd's
Rating agency Standard & Poor's has estimated Lloyd's gross loss relating to the 11 September terrori...
Law firm makes mutual move over small claims
Beachcroft Wansbroughs has launched a new division, called Mutual Law, to deliver a low-cost service ...
Swiss Re seeks to block double WTC claim
Swiss Re has gone to court to seek clarification on whether the attacks on the World Trade Center com...
HSBC plans new reinsurer
HSBC Investment Bank has said it is seeking backers for a new reinsurance company. "Our corporate f...
Government renews aviation cover
The government has renewed its terrorism insurance cover for the aviation industry for another 30 day...
Pru in Korean swoop
UK insurer Prudential has acquired the multi-distribution based Korean life insurance YoungPoong Life...
Bupa: Long term regulation plans don't go far enough
Bupa has welcolmed the today's Treasury announcement that the selling and marketing of long term care...
Fraud allegations lead to arrests
City of London police have made of number of arrests in connection with allegations of fraud involvi...
Post Magazine scoops top award
Post Magazine has scooped the award for the best general insurance trade publication 2001 in the Asso...
Amlin revision.
Lloyd's insurer Amlin has revised its estimate of net losses arising from the terrorist attacks of 1...