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Beazley covers US cats
Europe
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
S&P upbeat on region
Middle East
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
XL joint-venture in Brazil
Latin America
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Capital injection for China Re from state funds
Asia
Online Published Date:
15 September 2006
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796 - 15 September 2006
Risk management ends at the front door
North America
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Aviation
22.8, crash, fatalities
Russia: a Tupolev Tu- 154 airliner flying from southern Russia to St. Petersburg crashed in flames in eastern Ukraine, about 45 km north of the regional town of Donetsk. One hundred and sixty passengers, including 45..
Online Published Date:
15 September 2006
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796 - 15 September 2006
Natural catastrophes
22.8, earthquake
Ecuador: more than one million Ecuadorians were affected by the eruption of the Tungurahua Volcano. The government declared a state of emergency in the provinces of Bolivar, Chimborazo and Tungurahua, after the 5,029-metre volcano..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Marine
22.8, Scandinavian Star
inquiry, update
Denmark: there will be no new investigation by the Danish authorities into the cause of the fatal fire on board the ferry Scandinavian Star
in spite of allegations in the local press of a bungled police..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Liability, awards and settlements
23.8, asbestos settlement
US: Congoleum Corporation said that the Century Indemnity Company will pay $16.95mn to a trust set up for asbestos-related claims after the company signed a settlement agreement. Congoleum said the payment will be..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Road and rail
30.8, derailment, fatalities
Tibet: the world’s highest railway which runs from China to Tibet has suffered a blow to its credibility with the derailment of one of its new trains causing delays that affected more than 4,000 passengers. The 16-..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Property damage and business interruption
22.8, Channel Tunnel fire, disruption
UK: a fire broke out on a lorry being carried on a freight train through the Channel Tunnel. Thirty-four people had to be led to safety, rail services were suspended and Kent Police closed part of the M20...
Online Published Date:
15 September 2006
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796 - 15 September 2006
Late reports
21.8, collision, fatalities
Egypt: two trains collided in the Nile Delta, north of the Egyptian capital Cairo, killing at least 80 people and injuring more than twice as many. The accident happened early in the morning when a train driver apparently..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
XL Capital Ltd
In line with its peers, the group has radically reconfigured the way in which it measures and manages risk
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Rapid growth in number of FOE companies is becoming a great cause of concern for domestic companies
An EU insurer which establishes a branch in Hungary not only has access to head office insurance capacity, but also enjoys a huge cost advantage over its Hungarian-registered rivals
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Property and casualty index outperforms S&P 500
S&P index of property and casualty insurers has risen by nearly 5% since the beginning of August
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Life insurance growth outpaces general economic activity
Non-life premium growth, on the other hand, was slower in most countries than the rise in GDP which, according to Swiss Re’s latest sigma report, was largely due to a decline in premium rates in commercial lines such as aviation and marine, which had experienced sharp rate rises between 2001 and 2004
Online Published Date:
15 September 2006
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796 - 15 September 2006
Alex Letts: chief executive, RI3K
Why, after the recent collapse of Kinnect, more than 10% of the London market will trade electronically by this time next year
Online Published Date:
15 September 2006
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796 - 15 September 2006
Winter weather forces costly insurance payouts
Insurance losses from catastrophes could top NZ$100mn • Aviva to transfer 5,000 staff to offshore unit by January 2008
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
SCOR’s financial strength rating raised in time for renewal season
The reinsurer finds it way back to A grade status • Global prop cat reinsurance rates surge, largest rises in US and Mexico
Online Published Date:
15 September 2006
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796 - 15 September 2006
Irish non-life insurers defy gravity
Reserve releases boosted Irish insurers’ profits to unheard of levels in 2005
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
P&I market opens up in India on proposals for compulsory cover
IFFCO Tokio’s gamble on entering the P&I market last year looks set to pay off • Latin America 2006 first half results
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Analysts keep stable outlook on sector but are far from positive
The reinsurance market survived the 2005 hurricane losses largely in tact but some are sceptical about the next few years
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Reconfiguring the motor insurance value chain
Disaggregation of the motor insurance value chain is not only possible and happening already in key markets but that it is inevitable and desirable in all markets, says Richard McManus from PA Consulting Group
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
Outsourcing is back in fashion
Despite all the hype, growth in the UK insurance industry’s use of outsourcing has remained static over the past two years.
Ian Hubbard,
data services director of CDMS, says regulation is to blame. However, with most of the new rules already..
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
New regime on the cards
Growing sense that non-bank financial institutions need stronger regulation
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006
State cover for doctors
Medical malpractice premiums have risen to €18,000 a year in France
Online Published Date:
15 September 2006
Appeared in issue:
796 - 15 September 2006