Regulation
New role for Leitch.
Sandy Leitch, the chief executive of Zurich Financial Services, has been appointed to head the gover...
Frasin takes risk.
HSBC Insurance Brokers has launched a new financial services operational risk consultancy through it...
Unlocking hidden assets.
Equitable Life recently found itself forced into a corner over its reserves and eventually put itself up for sale. Michael Brown says that insurers can unlock their hidden assets and boost their policyholder surplus.
Strikes to push up rates.
Premiums are set to rise for marine strike and delay cover following an increase in claims and indus...
Spiralling claims.
Employment is just one area in which claims look set to spiral following the introduction of the Human Rights Act. Sue Jenkins and Rachel Dineley find out why employment practices liability cover could be an employer's best friend.
More benefits for the poor.
It would be more effective to expand current federal health plans for the poor than to give them tax...
Swiss Re sees rates increase
Swiss Re is benefiting from rate increases in its non-life business and expects rates to rise at leve...
DP Mann to write aviation business
Lloyd's managing agent DP Mann is to start writing aviation (re)insurance for the 2001 year of accoun...
Lloyd's losses loom.
The publication of Lloyd's 1998 figures failed to raise much cheer at One Lime Street last week. Wit...
Open form revamped.
Internationally-recognised salvage agreement the Lloyd's Open Form, carried on the bridge of virtual...
Britannic gets First Active.
Britannic Assurance has acquired 60% of online mortgage specialist First Active Financial for £57.2m...
IFS unveils general insurance qualification.
The Institute of Financial Services, part of the Chartered Institute of Bankers, has launched a basi...
Can CII rise to training test?
The decision by the Institute of Financial Services, an offshoot of the Chartered Institute of Banke...
New open market for solicitors' professional indemnity insurance.
The new open market for solicitors' professional indemnity insurance got underway last week, with an...
Reliance in buyout talks with Candover
US insurer Reliance Insurance Company is in exclusive talks with buyout specialist Candover Investmen...
Shipping forecast.
Next week, London is the venue for the annual International Union of Marine Insurers conference, as underwriting losses in this sector look set to continue. Eric Alexander reports.
Zurich grow on improved underwiting
Zurich Financial Services Group has reported a growth in sustainable net income of 21% from $915m (£5...
LaSalle sees rates increase.
LaSalle Re's latest results provide further evidence that reinsurance rates are improving. The Berm-...
Schell becomes president of St Paul Re.
Mike Schell, managing director of St Paul Re UK (pictured), has been appointed to the newly created ...
Appointment at Secura Belgian Re.
Jan Leflot is to take over as managing director and president of Secura Belgian Re when Andre De Bon...
Markel hit by Terra Nova acquisition.
Troubled Markel International - created from the former Terra Nova operations which Markel bought in...
Full of surprises.
Russia has restrictions on foreign (re)insurers, a reputation for financial impropriety, a changing taxation system and only a theoretical commitment to liberalisation. Yet foreign firms are keen to tap the potentially huge market.
No deal for American Re.
New Jersey-based American Re's proposed acquisition of United National Group (UNG), the Pennsylvania...
Avoiding the vanilla.
Last year's catastrophes are taking their toll on reinsurers' results and rates still refuse to harden significantly. Richard Willsher asks whether the future for reinsurers lies away from selling the vanilla-flavoured reinsurance cover of old.