Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
AGF 1st Half Net Up Slightly, Despite Fall in Equity Values
Sep 4 2002 // Assurances Generales de France (AGF), the French subsidiary of Germany’s Allianz, announced 1st half net income of €364 million*, a 1.4 percent increase over the same period last year, despite taking a €333...
German Insurers Set Up Terror Risk Vehicle
Sep 4 2002 // 16 leading insurance companies, including Munich Re, Swiss Re and Allianz, announced the foundation of “Extremus,” a jointly owned insurance vehicle which will provide excess coverage for losses caused by...
SCOR 1st Half Net Profit Down 58% to €21 Million – In Talks with Gerling
Sep 4 2002 // SCOR, France’s largest reinsurer, reported that its 1st half net income had dropped 58 percent to € 21 million* from € 50 million* in the same period last year, due to the now familiar problem of declining equity...
The Cincinnati Insurance Companies Named as Top Performer in Ward Survey
Sep 4 2002 // The Cincinnati Financial Corporation announced that the Ward Group has named The Cincinnati Insurance Companies as one of the nation’s top performers in both property casualty insurance and life and health insurance...
AXA Confirms 17% Increase in 1st Half Operating Earnings to €1.02 Billion
Sep 3 2002 // France’s AXA Group confirmed its earlier estimates (See IJ Website Aug. 21) by officially posting 17 percent growth in operating earnings to €1.022 ($1 billion) for the period ended June 30, compared to €876...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
S&P’s Maintains Negative Outlook for European Reinsurers
Sep 2 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
SOME COLO. WORKERS’ COMP LOSS COSTS TO DECLINE
Sep 2 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
Vesta’s Outlook Negative
Sep 2 2002 // Fitch Ratings affirmed “BBB-” insurer financial strength ratings of Vesta Insurance Group’s insurance subsidiaries. A “BBB-” rating was assigned to Florida Select Insurance Company (Florida...
WCIRB’s Summary of 1Q Experience Reveals Cont’d Price Increases
Aug 30 2002 // The WCIRB’s recently released summary of statewide first quarter 2002 experience shows sharp increases in insurer rates as well as continued deterioration in loss development. Average insurer rates on policies...
Near North Posts 20% Revenue Increase in 1st Half
Aug 29 2002 // Chicago-based broker Near North National Group announced a 20 percent increase in consolidated revenues and net income for the first half of the year, which it attributed mainly to increased business from clients, rather...
Contractors Meet with Mendoza to Address Concerns over Rising Liability Rates
Aug 27 2002 // A group of 25 insurance brokers and contractors recently met with Republican Insurance Commissioner candidate Gary Mendoza to discuss rising liability insurance rates in the Inland Valley, according to the Los Angeles...
ING Reports 2% Decrease in 1st Half Operational Net to $2.347 Billion
Aug 23 2002 // Holland’s ING Group surprised analysts yesterday when it released its first half results. Although operational net profit declined by 2 percent, most forecasts had expected even more negative figures. ING earned...
Hartford Fire Outlook Neg
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Hartford Fire Outlook Neg.
Aug 19 2002 // Standard & Poor’s said the outlook for Hartford Fire Insurance Co. and related property/casualty entities remains negative despite the trend toward improved earnings throughout the remainder of 2002. The...
Taiwan’s Chung Kuo Ins. Rated BBB+; Outlook Stable
Aug 16 2002 // Standard & Poor’s has assigned its triple-‘B’-plus insurer financial strength and counterparty credit ratings to Taiwan-based Chung Kuo Insurance Co. Ltd. (Chung Kuo), based on the company’s...
S&P’s Maintains Negative Outlook for European Reinsurers
Aug 16 2002 // Standard & Poor’s said that although the European reinsurance market is expected to remain hard beyond 2003, it maintains its negative outlook for the industry for the fifth year running, due to uncertainty over...
Nev. Health Premiums to Increase for Some Married Workers; Decreases for Others
Aug 13 2002 // Approximately 2,000 married Nevada State workers will see their health insurance premiums take a hike by nine percent in January, according to an Associated Press report. Some 3,000 State employees however, whose policies...
Shinkong Outlook Revised to Negative
Aug 12 2002 // Standard & Poor’s Ragtings Services has revised its outlook on Taiwan-based Shinkong Insurance Co. Ltd.’s single “A-” counterparty credit rating from stable to negative. The counterparty credit...
Workers’ Comp Loss Costs Expected to Decrease for Some Colo. Employers
Aug 12 2002 // Workers’ compensation costs for some Colorado employers may decrease on average about 10.2 percent later this year. Insurance Commissioner William J. Kirven III announced that the National Council on Compensation...
