International News
News for January 2007
January 31, 2007
- ACE: Q4 Net $665 Million; $2.3 Billion Full Year; Conference Today, Details
- Allianz Kyrill Losses Around $452 Million
- Everest Re: Q4 Net Income $206 Million; $840.8 Million Full Year
- Carvill Issues 2006 Hurricane Report
- Marsh Names Cheung to Head UK Modeling Team
- Pateras Joins Integro (Bermuda) Healthcare Professional Liability Team
January 30, 2007
- Allianz Lecturers Urge EU Lead on Climate Change
- Hannover Re Estimlates Kyrill Losses Between $155-$233 Million
- RMS Finds Repeat of 1607 Floods Could Cost UK Insurers $25.5 Billion
- S&P Puts British Marine Ratings On CreditWatch/Positive
- Best Affirms Mitsui Sumitomo 'A+' Ratings
- S&P Upgrades Norway's Gard P&I, M&E to 'A+'
- Best Affirms MICO's 'B++' Ratings
- S&P Sees No Rating Change from Prudential' (UK) Sale of Egg to Citigroup
January 29, 2007
- Munich Re Estimates Kyrill Losses at $775 Million
- S&P Publishes Lloyd's Syndicate Review
- FERMA Urges Members to Develop Environmental Liability Products
- S&P Puts Munich Re Sidecar Aiolos on CreditWatch/Negative
- R&M Reports on Australian Insurers
January 26, 2007
AAMGA Leaders Conclude 'Fact-Finding' London Trip- Swiss Re Estimates Kyrill Losses at $181 Million
- Marsh Granted First 'Wholly-Owned' License in China
- Bermuda Monetary Authority Confirms Increased Incorporation Activity
- S&P Cuts Italy's Cattolica Ratings to 'A-'; Off CreditWatch
- Best Affirms Lloyd's Syndicate 609 Rating; Atrium's ICR
- Best Affirms Lloyd's Syndicate 570 Ratings
- S&P Revises Nürnberger Outlook to Negative
- Best Affirms Korean Re Ratings
- S&P Raises Southern Rock Ratings To 'BB'; Outlook Stable
- Willis Ltd. CEO Bucknall to Retire; Margrett Will Succeed
January 25, 2007
- Aon Unifies Global Company Risk Management in Bermuda
- RMS Puts Kyrill Insured Losses at $3.9 to $6.5 Billion
- FSA Lauds UK Insurers for Achieving 90% Contract Certainty
- UK Insurers Comment on Achieving FSA Contract Certainty Goal
- EQECAT Puts Kyrill Losses at $3.25 to $6.5 Billion
- PartnerRe Estimates Kyrill Losses Will Be Between $50-$65 Million
- Best Affirms, Withdraws Chevron Captive's Ratings
January 23, 2007
- China Backs Reinsurer with $4 Billion in Preparation for IPO
- Earthquake Rattles Indonesia, But No Major Destruction
- Swiss Re Backs Independent European Agency to Assess Nat Cat Risks
- Barrette Takes over as Chairman, CEO of White Mountains
- PartnerRe Reports on January Renewals
- Best Affirms Central Re Ratings
- XL Names Loeloff Sr. VP-Ratings, Development
January 22, 2007
- AIR Estimates Europe Storm Insured Losses at $5 to $10 Billion
- Marsh Names Baker, Smith to UK Management Posts
- S&P Rates Catlin Pref. Shares 'BBB'
- XL Expands UK Product Coverage
- ACE Launches UK Online Agency Agreement
January 19, 2007
- 28 Die as Storm Lashes Europe; Transport Chaos, Widespread Damage
- Kingsway to Acquire Robert Plan Renewal Rights
- ING Presents New Belgium Structure; Exclusive Focus on Bancasssurance
- Lloyd's Chairman Praises Indian Initiative to Open Markets
- Willis Strengthens Montreal Presence
- Best Sees No Change in Allianz Ratings Following Buy-Outs
- Best Affirms Jupiter Ratings
- S&P Rates Generali Notes
January 18, 2007
- Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities
- AXIS Reorganizes; Reding Named COO
- China, EU Start Trade Talks
- S&P Sees No 'Immediate Impact' on Allianz Ratings from AGF Buyout
- Best Withdraws GE Re Ratings
- AIG Europe, Accenture Sign 10-Year Outsourcing Agreement
January 17, 2007
January 16, 2007
- Lloyd's 2007 Capacity up 10% to $31.5 Billion; Franchise Director Comments
- Tiner to Leave FSA
- Massive Malaysian Floods Leave 17 Dead, 100,000 Evacuated
- AXA Ratings 'Unaffected' by Paris Re Sale says S&P; Comments on Guarantee
- Zurich Ireland Opens Branch Offices in Belgium and Italy
January 15, 2007
- U.N. Climate Expert Says Leadership Needed on Global Warming
- London Market Reform Group Unveils 2007 Business Process Plan
- Best Affirms Lloyd's Syndicate 2007 Ratings; Syndicate 1007 Withdrawn
- James Leaving Lloyd's for Lockton
January 12, 2007
- Vietnam Joins WTO
- IBC Aims to Convince Canadian Drivers' to Pay Attention
- Catlin Updates Progress on Wellington Acquisition/Integration
- Allianz Buys 2 German Wind Farms
- S&P Puts NZ's Simply Insurance on CreditWatch
January 11, 2007
- Swiss Re Global Risks 2007 Report Highlights Increasing Threats
- Best Affirms All Hiscox Ratings
- ACE Europe Management Changes; New Roles for Pryce, Furgueson, Furby
- Best Affirms China International Re Ratings; Revises Outlook to Stable
- IAG Completes Equity Group Purchase
January 10, 2007
- Moss to Succeed Harvey as Aviva Group Chief Executive
- Tony Markel Comments on Lloyd's
- UN Climate Chief Decries Lack of Leadership on Global Warming
- UK's ArmorGroup to Acquire Neil Young Associates
- AXA, India's Bharti to Form P/C Group
- Converium's CFO Comments on Company's Financial Progress
January 9, 2007
- ACE Tempest Re Canada Formed; Petalas Named President
- Monsoon Floods Hit Malaysia
- Best Affirms New Castle Re Ratings
- Best Affirms Lloyd's Syndicate 382 Ratings; Assigns Ratings to Hardy Underwriting Group
- RMS Purchases HailCalc Europe
- S&P Assigns 'BBB' Rating to Catlin Debt
- Marsh Names Bagnall Sales and Development Leader of London FINPRO Office
January 8, 2007
- Ironshore to Offer Scarce Nat Cat Coastal Commercial Coverage
- Catlin Comments on 2006
- Mitsui Establishes Lloyd's Agency
- Best: QBE Ratings Under Review/Negative; Winterthur US/Positive
- Winterthur Swiss Ratings Unchanged from QBE Deal Says Best
- Best Affrms NTI 'A-' Ratings; Assigns Negative Outlook
- S&P Rates EDF Captive 'AA-'
- S&P Says Sava Re Ratings Unaffected by Recent Acquisitions
- ACE Europe Expands IT Policy
January 5, 2007
- QBE to Acquire Winterthur US from AXA for $1.16 Billion
- S&P Comments on, QBE-AXA-Winterthur US Deal
- Best Assigns Ratings to Catlin Debt
- Aeolus Receives Additional Capital
- Best Affirms NZ's Sovereign Ratings
January 4, 2007
- DaimlerChrysler Reaches Deal with Insurers Over Class Action
- UK'S Met Office Forecasts 2007 as Potentially Hottest Year on Record
- Vietnam Partially Privatizes 71 Key Companies Including Insurer
- Swiss Re Employees Could Get Over $4000 Each for Less CO2
- S&P Raises Winterthur Ratings to 'A+' as AXA Completes Purchase
- Lee Named Assured Guaranty (UK) Asia Manager
January 3, 2007
- Lloyd's Endorses New Reinsurance Dispute Resolution Protocol
- Bermuda Grants License to Advent Re
- Best Affirms AGF's 'A+' Ratings
- HRH Completes Glencairn Purchase
- Watson Wyatt to Consolidate Dutch Branch
- Best Affirms HK's Dao Heng Ratings
- Best Affirms HK's Sun Hung Kai Ratings
January 2, 2007