International News
News for September 2006
September 30, 2006
September 29, 2006
- IAG enters UK Market with Purchase of Hastings and Advantage
- Allianz Cornhill to Change Name; Continue Expansion
- Starr Forms New Lloyd's Syndicate
- Best Puts R&SA Ratings on Review/Positive
- Chaucer Forms Singapore Sub
- CRM Schedules Spanish Language Courses in Mexico
- Benfield Acquires Norway's Parisco AS, Parisco Marine AS
September 28, 2006
- R&SA Sells U.S. Business to Arrowpoint Capital; Terminates Stock Listing
- Zurich Refinances $3 Billion Credit Line
- Benfield Reports on European Reinsurers Strong H1 Results
- Best Rates Luen Fung Hang 'A-'
September 27, 2006
- SEC Charges Three Former RenaissanceRe Execs with Fraud
- Lloyd's Posts $2.55 Billion H1 Profit
- Bulgaria, Romania to Join EU
- Calyon Places $63 Million Pinnacle Securitization
- R&M Report Finds Almost Half of Insurers Use Outsourcing
September 26, 2006
- Euler Hermes Finds 'Imbalances' Could Slow Growth of Global Economy
- Aon Re Global Names Richardson to Head Facultative Re Unit
- ABI Asks for Comments on FSA's Capital Adequacy Proposals
- India's 3i Infotech Launches Internet Broker Platform
September 25, 2006
- AIG Pledges $5.25 Million to Microfinance Project Headed by Ex- President Clinton
- Munich Re Warns on Piracy Threat
- Swiss Re Confirms 2000 Job Cuts
- South Korean Insurer Sets Up Shop in Hawaii
- Willis Launches Multinational Benefits Unit
September 22, 2006
- Lloyd's Tolle Discusses Reinsurance Securitization Growth
- Glauber Rejoins XL Board
- Fitch Assigns 'AA+ Rating to AIG's Dubai Subsidiary
- AXIS Opens New Bermuda HQ
September 21, 2006
- Aon Forms 'Affinity Worldwide' Unit
- UK's FSA Warns on Sales of Invalid Auto Policies
- Allianz Reaches Agreement with RAS, Employees for SE Plan
- Alea Posts $10.7 Million 1H Loss; Continues Run-Off Operations
- Max Re Warns of Hedge Fund Losses
- Chaucer Forms New Engineering Risk Underwriting Team
September 20, 2006
- Lloyd's Market Process Reform Gains Momentum
- PartnerRe to Publish 'Loss Development Triangles'- Conference Call Details
- Lloyd's Implements Xchanging Claims Handling System
- Max Re Launches Aviation Unit
September 19, 2006
- Hurricane Gordon Nears The Azores; Could Hit Europe
- Park Group Expands into Canada with Opening of Toronto Office
- Quanta Sells Environmental Business to WSP Group
- Best Affirms Lehman Re 'A+' Ratings
- Willis Sells London HQ
- Best Affirms Toa Re 'A+' Ratings
- Best Affirms Singapore Re 'A-' Rating
- ACE Europe Appoints McConnachie Direct Marketing Director for A&H
September 18, 2006
- Hurricane Lane Ravages Western Coast of Mexico
- Swiss Re May Sell 'Gherkin'
- Eight Lloyd's Members to Enter Offshore Energy Center Hall of Fame
- ACE Bermuda Introduces New Specialized D&O Coverage
September 15, 2006
- E&Y Survey: 80% of EU Insurers Start Solvency II Compliance; Will Affect U.S.
- Quanta Names Runoff Specialist Johnson President and CEO
- ACE Appoints Kirchgaessner Global Corporate Development Officer
September 14, 2006
- NASA Study Details Rapid Melting of Arctic Sea Ice
- Aviva Targets 4000 Jobs, $470 Million Cost Savings at Norwich Union
- Best Affirms NZ's Pioneer 'B+ Rating; Revises Outlook to Negative
- R&M Report Analyzes Chinese Insurers
- Platinum Restructures Credit Agreement
September 13, 2006
- Reinsurers Adopt 'Wait and See' Posture at Rendezvous
- Xchanging Completes Heath Lambert Data Processing System
- ACE Appoints Samson Chief Bermuda Administration Officer; White to Retire
September 12, 2006
- NHC Tracking 3 Storms
- Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move
- Hamilton Joins Beazley Board
- RMS Releases Germany River Flood Model
- Oxygen Re Enters Market
- Bonnar, Beaton Leaving Aspen
September 11, 2006
- Bermuda Feeling Winds, Heavy Rains from Hurricane Florence
- RI3K's New 'V3' Trading System Promises Revolution in Processing
- Singapore PM Urges Lloyd's to Expand Asian Links
- Best Upgrades SCOR Ratings to 'A-'
- AXIS Elects Bell Independent Director
- Zurich to Provide Dutch Export Credit Agency with Indonesia Cover
September 8, 2006
- Guy Carpenter Study Shows Big Rate Increases in U.S., Mexico
- U.K.' s BCC, AIG Team up to Offer Small Business Solutions
- Best Affirms Converium's 'B++' Rating; Outlook Raised to Positive
- U.S., Swiss and EC Approve AXA's Acquisition of Winterthur; Executive Appointments
- Best Affirms Markel Int. 'A-' Ratings
- Best Affirms 'A' Rating of Markel's Lloyd's Syndicate 3000
- PartnerRe Re-Appoints Stanca to Board
- CIGNA Extends International Health Care Service Links
- Flagstone Re, Sirius Launch Aviation Reinsurance Cover
- AIR Expands Indian Office
September 7, 2006
- Wesfarmers Makes $534 Million Offer for Australian Broker OAMPS
- XL Gives Douglas, Sussman New Executive Roles
- Best Affirms, Withdraws Tasman Pacific Ratings
- RMS Opens Zurich Office
September 6, 2006
- Fitch Affirms Max Re 'A' Ratings
- FSA Fines Mortgage Insurer $106,000
- Beazley Launches Lloyd's Facility for U.S. Commercial Property Cat Risks
September 5, 2006
- Florence Becomes Season's 6th Storm
- Hiscox Lloyd's Syndicate 'in Discussions' on Bermuda Sidecar
- R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009
- XL in Joint Venture with Brazil's ITAU
- Ireland's Quinn-direct to Create 1000 New Jobs
- Guy Carpenter, EQECAT Launch New Sea Surge Model for France, Sweden
September 1, 2006
- UPDATE 1: Hurricane John Strengthens; Baja California Threatened
- Research & Markets Issues Study of China's Insurance Industry
- Fairfax Files H1 Results; Restated Prior Years Financials
- Allianz Sells Four Season Healthcare for $2.67 Billion
- AIG's Lexington Completes Quota Share Sidecar Deal with Concord Re