16 January 2002 14:54 [Source: ICIS news]
LONDON (CNI)--German chemicals company BASF confirmed on Wednesday that it is considering creating a reinsurance company following an increase in premiums after the terrorist attacks in the US last September.
BASF said it is considering a reinsurance project following unsatisfactory results from contact made by both the company and the German chemical industry association (VCI) with the German government regarding reinsurance problems.
A BASF spokeswoman was unable to comment on whether other companies were involved in the talks to create the new company. According to German reports, BASF has been in discussion with various blue chip companies, including engineering giant Siemens and airline Lufthansa.
She stressed that no decisions have yet been made to create a reinsurance company.
Siemens declined to comment on its potential involvement. Nobody from Lufthansa was immediately available.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections