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  • TRIA wins bipartisan support
    The American Insurance Association (AIA) has said there is strong bipartisan support for a prolonged life-span for the US Terrorism Risk Insurance Act of 2002 (TRIA).
    12 July 2004
  • 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
  • AWAC backs Vespasian to grow accident and health account
    Class of 2001 insurer Allied World Assurance Holdings revealed last week that it has entered into an agreement with the London based agency Vespasian Management Ltd to advise on the development of its accident and health reinsurance business.
    12 July 2004
  • Fitch: French non-life outlook positive, but challenges ahead
    Fitch Ratings announced it is maintaining its Positive outlook on the non-life sector in France, despite the coming downturn in the market and warnings of a looming price war.
    12 July 2004
  • 2004 Cat losses second lowest in 10 years
    Benign loss conditions in the US property casualty sector continued into the second quarter as insurers are expected to payout just $1.65bn in catastrophe claims – the lowest figure for the quarter since 2000.
    12 July 2004
  • Leaders set benchmarks for success at IIS seminar
    Underwriting discipline and capital management were very much at the top of the agenda as an expected 500 (re)insurance executives gathered at the London Hilton this morning (12 July) for the 40th annual International Insurance Society (IIS) seminar.
    12 July 2004
  • S&P positive on Swiss Re – with reservations
    Ratings agency Standard & Poor's (S&P) has assigned an “AA” senior unsecured debt rating to approximately EURO640mn of three-year mandatory convertible securities issued by reinsurer Swiss Re.
    05 July 2004
  • US insurers reap rewards in first quarter according to ISO
    Despite fears of declining rates, the first quarter of 2004 was a stunning year for US P&C insurers, according to data from the research firm ISO and the Property Casualty Insurers Association of America.
    05 July 2004
  • Kiln 510 burns through 2004 property capacity
    Lloyd’s insurer Kiln is close to topping out its £260mn Syndicate 510 property capacity for 2004, surprising the marketplace and leaving some brokers high-and-dry when it comes to placing renewal business.
    05 July 2004
  • AT&T issues $139mn writ over 9/11 insurance claims
    Telecommunications giant AT&T has filed a lawsuit against 15 insurers over allegedly unpaid property damage and business interruption claims relating to 9/11.
    05 July 2004
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