News
Moody's increases Lloyd's loss estimates
Rating company Moody's has forecast that Lloyd's would make a £2.2bn ($3.2bn) loss in the 2000 year o...
Swiss Re slips into loss in 2001
The reinsurance giant Swiss Re made a net loss after tax of SFr 165m ($99m) in 2001, compared with a ...
Terrorism reinsurance still scarce in US
US state insurance regulators have renewed their warning that there is still no readily available rei...
Arch Capital gets $179m to invest in (re)insurance
The Bermudian financial services company Arch Capital has made a net $179m from the public sale of 7....
Founder Clements leaves XL
Robert Clements, one of the founders of Bermudian (re)insurer XL Capital, has left the board of the c...
Gaviota Re ratings withdrawn
Luxembourg-based reinsurer Gaviota Re has requested that rating agency Standard & Poor (S&P) withdraw...
PXRe rating no longer on Creditwatch after capital injection
Rating agency Standard & Poor's has removed the Bermudian reinsurer PXRe from Creditwatch and maintai...
PXRe gets $150m of new capital
Three investors have put $150m into the Bermudian reinsurer PXRe, raising its capital to more than $5...
EU directive key to single market.
The European Federation of Insurance Intermediaries, BIPAR, this week welcomed the Council of Minist...
American Re executes management shake-up.
American Re has made sweeping changes to its senior management following its decision to transfer mo...
Appointment at MMA Insurance.
Broker-only insurer MMA Insurance has taken on Martin Smith in the newly-created position of complia...
RSA aims for top position.
Royal & Sun Alliance's new UK chief executive Duncan Boyle intends to make the company in country's ...
Optimum closes for new business.
Canadian insurer Optimum General is to cease writing new insurance business in the Atlantic region a...
Claims Direct seeks ATE insurer panel.
Personal injury intermediary Claims Direct has confirmed it is looking for a second and possibly thir...
ABI publishes research on stakeholder pensions.
Mary Francis, director general of the Association of British Insurers, this week said stakeholder pe...
RSA sets its sights on twenty brokers by 2005.
Royal & Sun Alliance could take stakes in up to eight independent brokers by the end of the year, an...
Relief for liability insurers as McDonald's wins hot tea court case.
Liability insurers breathed a sigh of relief last week, when fast food giant McDonald's won a High C...
Call for action.
The surge in personal lines fraud is proving to be a huge drain on insurers' coffers but there are a myriad of measures that companies can take to combat this crime wave - and not before time. Andrew Cox reports.
GEK asks EU to strike down a law in Germany.
One of Germany's largest state-backed health insurance companies, GEK, has asked the European Union ...
Commentary.
Appeal swung by harassment On 26 February 2002, the Court of Appeal heard four defendant appeals in ...
Insurers dispute cost of Euro integration.
The UK's two largest insurers have disputed figures produced this week by management consultants on ...
Yarl's Wood closes due to lack of cover.
More selective underwriting in the current market has been cited as a reason for the closure of the ...
Triumph factory will be restored to its original state.
Motorcycle manufacture Triumph has already begun remedial work to the section of an assembly line at...
Post footie competition kicks off.
Post Magazine's fifth charity football competition kicks off today (Thursday), with the first round ...