The sudden collapse of energy giant Enron will have global consequences for many banks and insurance companies who were involved...
International & Reinsurance News
Munich Re, the world’s largest reinsurer, suffered a commensurately large loss in the 3rd quarter of €1.2 billion ($1.05 billion)...
Newly formed Bermuda-based insurer Allied World Assurance Co. (See IJ Website Nov. 27) announced that it has concluded an exclusive...
According to a report from Reuters News Agency, Aon Corp., the world’s second largest insurance broker, is in the process...
Maurice “Hank” Greenberg, the CEO of American International Group and Lloyd’s Chairman Saxon Riley met yesterday at a ceremony marking...
Standard & Poor’s assigned its single-‘A’-minus long-term counterparty and insurer financial strength ratings to Finnish insurer Sampo Industrial Holdings Insurance...
Swiss Re announced that its annual conference, “Year-end Economic and Insurance Industry review of 2001 and Outlook for 2002,” will...
Lloyd’s revised estimates of the net losses suffered by its syndicates as a result of the destruction of the World...
Bermuda’s XL Capital announced that it “is realigning” its Lloyd’s operations. As of January 1, 2002 it will take over...
Two of the world’s biggest insurance brokers are growing. Arthur J. Gallagher & Co. announced that it had acquired MRS...