Ready for $100bn hit
Lloyd’s chairman Lord Levene said that the insurance industry was ready for a $100bn mega-catastrophe in the US. He also called for the US to confirm its stance on the Terrorism Risk Insurance Act (Tria), which makes the government the ultimate insurer if private insurers could not cope with a large-scale terrorist attack. First published 19 September
Brit protected cell
Brit Insurance will set up a protected cell reinsurance company, Rockhampton Insurance. The insurer said it intended to use Rockhampton for part of the outwards reinsurance programmes of its two principal insurance operations, Brit Insurance and Syndicate 2987. First published 19 September
Partner Broker expands
The Countrywide network extended its Partner Broker initiative to cover commercial business. It offers a range of products including property owners, liability and fleet. First published 19 September
Crawford pollution move
Crawford & Co launched an environmental pollution claims service. It said the move was a direct response to increasing environmental legislation. First published 20 September
CII online exams backed
A CII?survey found that the majority of its membership endorsed the online examination service as an improvement on the previous paper system. First published 20 September
HSBC risk appointment
Ian Robinson, currently chief operating officer at HSBC Insurance Holdings, will replace Ian Richardson as group business risk director of AXA UK on 31 December 2007.
First published 20 September
