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Class Action Reform hopes die in Senate floor farce
Despite cautious optimism that class action reform legislation might finally make it to the statute book, the Class Action Fairness Act went the same way as other recent tort reform initiatives as it died on the Senate floor last Thursday (8 July).
12 July 2004
C.N.A. boosts reserves by $308mn and sounds warning
US insurer C.N.A became the latest carrier to reveal sizable additions to loss developments last week when announcing a $308mn after-tax charge to second quarter earnings.
18 August 2003
St Paul disappoints analysts, looks to better 2004
US insurer St Paul disappointed investors last Wednesday (30 July) with earnings below a revised analysts’ consensus, and considerably down on previous projections.
04 August 2003
Hannover Re profit grows as premium shrinks
Hannover Re chairman Wilhelm Zeller once again declared his satisfaction at the German reinsurer’s interim results, as he confirmed that with half year operating profits of $375.4mn, the group was well on track to meet its annual targets.
16 August 2004
Executive Life saga set for closure
Crédit Lyonnais has announced that it has reached agreement with the United States Attorney's Office to settle a long running investigation into the French bank's 1991 acquisition of Los Angeles-based Executive Life Insurance Company. In a statement po
01 September 2003
Swiss Re study: Terror is insurable
As concrete barriers were erected around the Palace of Westminster last week, Swiss Re released a publication concluding that terrorism risks resulting in property and business interruption losses are insurable, even in the post-9/11 world.
27 May 2003
Bromley leaves Guy Carpenter
Geoff Bromley has left the global reinsurance broker, Guy Carpenter & Co, where he was chairman of the company’s non-Americas operations in Europe and Asia-Pacific, The Insurance Insider can reveal.
01 August 2007
AIG Life company receives Qatar license
American International Group's (AIG) life insurer, AIG Life, was granted a license to conduct its group insurance operations from the Qatar Financial Centre (QFC).
30 April 2007
Arch steps up D&O expansion with Chubb appointment
Arch Capital Group has recruited the former Chubb D&O specialist Ralph E. Jones III to lead its challenge into the US professional indemnity sector.
09 June 2003
Reinsurers’ reluctant to absorb US terrorism risks
Despite US legislation last year mandating insurers to provide compulsory terrorism cover, reinsurance companies appear reluctant to assume any of the new exposure. This was one of the many findings of the ratings agency Moody’s survey into the implementa
02 June 2003
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