Updates; Employers liability costs stabilize: Study.(APRA bans former HIH Insurance Ltd. executive from acting as a director)(Jardine Lloyd Thompson Group P.L.C. opens office in Japan)

Business Insurance, September, 2005

Employers liability insurance costs stayed stable or decreased in 2005 for most U.K. companies that took part in a recent Engineering Employers Federation study. The London-based organization surveyed 804 of its members in June and found that 62% of companies had either seen rates stay the same or decrease for their employers liability coverage.

In a similar survey last year, 91% of respondents said they had seen rate increases for the coverage. Employers liability insurance is mandatory in the United Kingdom. ARIG forms Takaful reinsurance company Arab Insurance Group has formed a reinsurance company that will comply with Islamic principles. Takaful Re Ltd. will begin underwriting all major lines of property business "well in advance of business renewals...

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