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September 2002/1

  • Court ruling should establish if concerns over potential legal liability may have influenced Willis' view on the occurrence issue. The WTC dispute between insurers, led by Swiss Re, and the WTC leaseholder Silverstein looks set to force broker Willis G
  • Zurich Financial Services (ZFS), has announced losses of $2bn for the first half of 2002. ZFS stated it has undertaken a thorough review of the adequacy of its non-life insurance and reinsurance reserves in consultation with an independent third party
  • The employee benefits giant is facing a possible 2 notch downgrade from the rating agencies as worsening equity markets increased exposure on run-off contracts Shares in CIGNA fell in reaction to the shock announcement of a $1.1bn pre-tax charge over i
  • The share prices of European insurers are tumbling as investors get the jitters over a series of worsening results and balance sheet strengthening capital raising exercises.
  • Few surprises in 6th and 10th quarters result forecasts for Syndicates demonstrates improved forecasting Updated estimates for the forecast results of syndicates in the 10th quarter of the 2000 underwriting year showed few significant deviations from e
  • Or do they? A failure to compromise on wordings may lead to further disputes. In the meantime, the franchise model rolls on. In the cynical world of modern politics, it’s not unheard of for more than one side to claim victory and so it proved at the re