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Kiln first to offer new Lloyd’s War cover
Kiln plc revealed last week that it is the first Lloyd’s insurer to offer Long-term and Domestic War on Land insurance, a new class of cover which combines both multi-year international war insurance with domestic war on land.
12 January 2004
Parmalat scandal: Europe catches Enronitis
Italian firm goes into meltdown; limited D&O cover available The ongoing investigation into the Parmalat accounting scandal has raised questions about insurers' exposures to the collapsed Italian long-life milk, juices and biscuits conglomerate. In
01 January 2004
Kiln to exit 557
Specialist Lloyd’s insurer Kiln has announced that it will withdraw from Syndicate 557 under its 2005 business plan, allowing the syndicate to become, in its words, “entirely Names-owned”.
01 September 2004
Broking giants count cost of Spitzer
Both Aon Corporation and Willis Group Holding Ltd – the second and third largest global brokers respectively – demonstrated the ongoing cost of the investigations into broker compensation practices when announcing their 2004 financial results last week.
14 February 2005
Swiss Re: Life premiums will rise with expanding waistlines
Despite recent action to spoil the appetite of the US plaintiff bar to launch obesity class action suits against the food industry and its insurers (see IQ Winter issue), the increasing prevalence of expanding waistlines is too significant an issue for th
13 April 2004
CNA bags big Q2 earnings rise
On 29 July it was the turn of insurer CNA to post its results for the second quarter of 2004.
09 August 2004
Allianz pays funds to HIH
Allianz Australia agreed last month to pay A$120mn to the creditors of HIH, the Australian insurer which collapsed in 2001 with debts of around A$6bn.
09 February 2004
Reserve charge hits XL earnings
As expected, Bermudian giant XL Capital last week (27 July) reported a 68 percent drop in second quarter earnings as the $191mn pre-tax reserve charge revealed earlier in the month fed through to the bottom line.
01 August 2005
Allstate rides wave of prosperity
Northbrook-based insurer Allstate has said net income for the second quarter of 2004 surged 76 percent, helped by increases in property-liability underwriting income and lower catastrophe losses.
26 July 2004
Fitch ups outlook on global reinsurance
Ratings agency Fitch has revised its rating outlook for the global reinsurance sector to Stable from Negative.
02 August 2004
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