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  • International News Digest - September 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    01 September 2004
  • London News Digest - September 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    01 September 2004
  • RIMS demands greater disclosure over PSAs
    The Risk and Insurance Management Society (RIMS), the powerful trade body for US insurance buyers, has added to the controversy over brokers’ commissions by recommending they should disclose all payments received from insurers, even if not asked to by the
    31 August 2004
  • Insurers sued over Enron crime policy
    Disgraced energy company Enron filed lawsuits against St Paul Fire & Marine, Chubb unit Federal Insurance and Great American Insurance over their alleged refusal to pay on a crime loss indemnity policy covering senior staff.
    31 August 2004
  • Lloyd’s begins Central Fund showdown with Swiss Re
    The showdown between Lloyd’s and its Swiss Re led reinsurers over the failure to pay more than £300mn of claims on the Central Fund reinsurance contract began today (31 August).
    31 August 2004
  • SCOR shows further improvement
    Revitalised French reinsurer SCOR continued the turnaround from its perilous position of a year ago as it reported improved half-year figures last Thursday (26 August) and set out its “Moving Forward” plan for underwriting and capital allocation over the
    31 August 2004
  • Munich Re gets AM Best affirmation
    Bavarian behemoth Munich Re had its AA rating affirmed by Fitch Ratings last week (26 August) following strong half-year results, but the agency warned of lingering concerns over US reserving and earnings still below par as it held its outlook at Negative
    31 August 2004
  • Arch confirms Metcalf appointment
    As predicted in last week’s Insider Week (number 136), Arch Insurance Company (Europe) Ltd (Arch Europe) has bolstered its management by appointing former XL London Market chief executive Nick Metcalf to the newly created role of director of underwriting.
    31 August 2004
  • ISO estimates $6.8bn Charley bill
    An authoritative estimate of insured property losses from Hurricane Charley emerged last week (25 August) with the ISO’s Property Claim Services (PCS) unit releasing a preliminary estimate of $6.8bn.
    31 August 2004
  • Swiss Re upbeat on profits growth
    Swiss Re, the world’s second largest reinsurer, saw its interim profits double on the back of benign underwriting conditions and strong investment returns in the first half of the year.
    31 August 2004
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