No deal, says Fortis
24 July 2001
Fresh from retreating from the Australian insurance market, Dutch – Belgian Group Fortis is not commenting on the renewed rumours of merger talks with British bank Lloyds…
International
EU v AIG + US = WTO no go
24 July 2001
American International Group, founded in Shanghai but now centred in New York, is providing a stumbling block to China’s entry into the World Trade Organisation…
CGNU signs on for e-links
24 July 2001
British telecommunications giant Cable & Wireless is moving out of the Australian market as it drops its share of Optus, but its new strategic direction – business telecom…
NZ Fire Service levy – are you liable?
17 July 2001
The NZ Fire Service levy can trap people and organisations who live overseas, according to that country’s largest broker organisation…
Swiss Re/Tokio Marine deal cuts exposure
17 July 2001
Swiss Re and Tokio Marine & Fire Insurance have announced a unique deal to cut capital costs…
AMP subsidiary faces loss of business
17 July 2001
A takeover bid in Britain is threatening a major AMP funds management unit’s business.…
NRMA’S Kiwi operation gets a rating
17 July 2001
NRMA’s New Zealand operation has been given an A–+ short-term rating by Standard & Poor’s…
Storms set us cat record tumbling
17 July 2001
The number of catastrophes hitting US properties has been trending down for the past five years – until the second quarter of this year, that is…
Allianz looks west
17 July 2001
Europe’s largest insurer, Allianz, is completing its $41.3 billion takeover of Dresdner Bank and making clear its expansion plans are centred on the US…
Brokers win round one in council stoush
10 July 2001
British brokers who have resisted signing up for the General Insurance Standards Council have won their first victory in their battle against the umbrella organisation…
Builders hit by independent crash
10 July 2001
The collapse of Britain’s Independent Insurance has many parallels with Australia’s HIH collapse – including major problems for builders…
Germany ups the cost of sickly health system
10 July 2001
Germany is taking moves to cut massive costs in its health care system…
Hope at last for Japan’s life insurers
10 July 2001
Ailing Japanese life insurers have had a lifeline thrown to them by the Government…
UK insurer takes a tumble
03 July 2001
While the HIH drama has been the focus of attention in Australia, the British insurance market is also experiencing the collapse of a major insurer…
Malaysian move boosts QBE
03 July 2001
QBE has enhanced its earnings potential in Malaysia by signing an MOU to merge its general insurance business with local company MBfBhd…
All down in slowing US market
03 July 2001
The US general insurance industry has recorded a 5.4% drop in net income to about $10 billion for the first quarter of the year…
Europeans focus on developing countries
26 June 2001
European insurers are turning their growth strategies to developing markets, according to a survey by consulting company Andersen…
Three more for the Hall of Fame
26 June 2001
Three leaders of the global insurance industry will be inducted into the Insurance Hall of Fame when the International Insurance Society has its annual meeting in Vienna on July 9…
Lloyd's continues to bleed red ink
26 June 2001
Lloyd’s continues to report its results three years after they happened…
AXA Chiefs shrug off police detention
19 June 2001
Axa’s two most prominent global executives – Chairman Claude Bebear and CEO Henri de Castries – have found themselves embroiled in a tax avoidance investigation…