Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the capital, Beijing, the first foreign company …
The St. Paul Companies have agreed to pay nearly $1 billion to settle outstanding claims and lawsuits related to asbestos. The news comes on the heels of PPG Industries’ agreement to a $2.7 billion settlement of outstanding asbestos claims against …
Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the capital, Beijing, the first foreign company …
A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before litigation ends.” Several recent developments seem to support that …
A year ago insurance consultants Tillinghast-Towers Perrin published a report that global claims settlements and jury verdicts in asbestos related cases could reach $200 billion from over a million claims “before litigation ends.” Several recent developments seem to support that …
The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the lead broker in placing …
The legal dispute between Swiss Re and Silverstein Properties, over whether the destruction of the twin towers of the World Trade Center constituted one occurrence or two, has spilled over to involve the Willis group, the lead broker in placing …
Capital fuels the insurance industry. It constitutes the reserves, pays the claims and provides the investment funds necessary to make a profit (excepting an aberration like 2001). However, the total amount of capital invested at anytime constantly changes—sometimes there’s too …
Capital fuels the insurance industry. It constitutes the reserves, pays the claims, and provides the investment funds necessary to make a profit (excepting an aberration like 2001). If the industry were a car or an airplane just the right amount …
Lloyd’s decision to begin reporting its syndicates profits and losses on an annual basis, rather than over three years, proved costly. Last year’s losses are estimated at £3.11 billion ($4.5 billion) overall, and WTC loss estimates rose slightly to £1.98 …
