Insurer News – Page 602
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Agenda
Coming soon: the hard market
Hurricane and investment losses are tipped to push up reinsurance rates.
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FeaturesThis is a job for the experts
Wars and terrorist attacks will never fit traditional frameworks for assessing risk. But that does not mean they can’t be covered. Kai-Uwe Schanz and Doron Zimmermann outline a new intelligence-based model for underwriters.
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FeaturesCash on tap
Insurers hate referral fees and brokers say they and their clients can live without them. But the payments look unlikely to vanish any time soon. Chris Wheal finds out why.
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NewsABI: income tax hike will deter City talent
Attracting financial services professionals will be a ‘problem’, says industry body.
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NewsStockwatch
Last week the FTSE 100 plunged below the 4,000 mark as recession fears hit the markets, with financial and mining stocks suffering the worst losses. French and German markets were also hit hard. But the FTSE bounced back this week; there was even a surge following Alistair Darling’s pre-Budget report.The ...
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NewsDivision in Europe set to delay Solvency II
France and Germany want to water down proposals on group supervision.
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NewsCII forced to change its mind on new name
Feedback shows that members ‘want to keep insurance in the title’.
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NewsInsurers responsible ‘at time of exposure to asbestos’, says court
Mesothelioma victims claim victory after Mr Justice Burton spurns Bolton case ruling that policies triggered only on diagnosis.
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News AnalysisDrama on the high seas
The hijacking of the Sirius Star – part of a surge in piracy – has focused attention on marine insurance. Saxon East finds how a move from traditional cover to kidnap and ransom policies could help calm the nerves of ship owners.
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Online onlyAIG CEO to work for $1 until end of 2009
Liddy forgoes salary and bonuses as troubled insurer freezes executive wages.
