International News
News for March 2007
March 30, 2007
- Best Affirms Lloyd's 'A' Ratings; Revises Outlook to Positive
- Fairfax to Buy More Cunningham Lindsey Shares
- Best Assigns 'A-' Ratings to German Insurer WuerttVers
March 29, 2007
- Lloyd's Posts Record Pre-tax Profit – Over $7 Billion
- Officials Laud New Japanese Quake Alert System
- Fitch Upgrades Lloyd's Ratings
- Best Downgrades Steamship Mutual Bermuda and UK Ratings
- Best Affirms CastlePoint's Ratings
- Best Affirms TT Club 'A-' Ratings
March 28, 2007
- Equitas Completes Reinsurance Deal with Berkshire Hathaway
- Aon Forms 'Global Risk Consulting' Unit
- RMS Publishes '60-Year Retrospective' on 1947 U.K. Floods
- Swiss Re Chooses London for $982 Million Hybrid Capital Placement
- S&P Rates Hibernian 'A+'/Stable
- Marsh to Apply for Qatar License
- Lancashire Promotes Burton, Whelan, Porter
March 27, 2007
- Xchanging Prepares IPO
- London Looks for 'Best Marine Talent '
- Max Re Approved to Acquire, Operate U.S. E&S Company
- Best Affirms NZ's Tower Ratings
- Best Affirms Hang Seng 'A+' Ratings
- Best Rates Interglobal 'B++'
March 26, 2007
- Powerful Earthquake Rocks Japan; 1 Dead, 170 Injured
- Marsh Report Finds More UK Captives
- CastlePoint IPO a Success
- AXA Increases Presence in Italy
- Davis to Retire from Allied World
March 23, 2007
- Lloyd's Underwriter Survey Again Puts 'Managing the Cycle' as Chief Concern
- Allianz Formalizes AGF Minority Shareholder Buyout Offer
- Marsh Comments on UK's 'More Focused Business Management'
March 22, 2007
- Plumeri Speaks to FSA on 'Principles-based' Regulation Decision
- ABI Supports FSA's 'Principles' Move
- Swiss Re Observes 'International Water Day' with $825,000 Red Cross Gift
- S&P Rates Germany's ARAG 'BBB'
March 21, 2007
- FSA Insurance Regulation to be More 'Principles-based'
- TSR Updates Hurricane Forecast
- Converium Says 14% ROE Proves SCOR Offer Too Low
- XL Names Muldoon Sr. VP - Strategy, Development and Planning
March 20, 2007
- Allianz Joins Institutions to Urge Congress to Act on Climate Change
- ABI Backs UK National Fraud Authority
- Ark Syndicate Is Newest Lloyd's MGA
- S&P Puts Germany's Union on CreditWatch Pending Merger
- Aon UK Partners with InterResolve for Liability Claims Processing
March 19, 2007
European Insurance Forum Puts Ireland in the Spotlight- AXA to Buy Korean Direct Auto Insurer
- International Bird Flu Summit Closes with Promise of Aggressive Campaign
- Dignat Joins Guy Carpenter's New European Solutions Group
- Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
March 16, 2007
- Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China
- Over 30 Countries Agree: Bird Flu Preparedness is Key
- International Labour Group Introduces Microinsurance Book
March 15, 2007
March 14, 2007
- S&P Sees No Ratings Change for Swiss Re Subsidiaries
- Willis Extends Plumeri's Contract
- Guy Carpenter Launches 'SelectCat' Reinsurance Pricing & Loss Index
- Marsh Expands Europe Specie Team
March 13, 2007
- Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
- Aon Settles Benfield Suit
- Hiscox Profits up 186% to $388 Million
- Xl to Issue $1 Billion in Preferred Shares; Best's Rating is 'bbb'
- S&P: Austrian Insurance Ratings Stable
March 12, 2007
- Lloyd's Chairman Revues Asia's Growth Prospects in Singapore Speech
- EU to Promote Alternative Energy, Cut CO2 Emissions
- Catlin's 2006 Results Rise on Wellington Acquisition
- Rates UAE's SALAMA 'B++'
- Best Upgrades, Affirms B.E.S.T. Re Ratings
- Millea to Form Reinsurer with JP Morgan Chase
March 9, 2007
- Swiss Re sigma Study Details 2006 Natural, Man-made Disasters
- Best Affirms R&SA 'A-' Ratings
- EQECAT to Unveil New 'Offshore Energy Model' for Gulf of Mexico
March 8, 2007
- Munich Re Releases 2006 Nat Cat Report; Focus on Climate Change
- R&SA Posts Strong 2006 Results
- S&P Says Pohjola Ratings 'Unchanged'
March 7, 2007
- 22 Die, 118 Survive Java Air Crash
- Marsh Comments on Effect of EU's 'REACH' Regulations
- SCOR Presents its Case for Merger with Converium
- Max Re Name Change
- ACE Europe Introduces 'Streamlined' Professional Indemnity Product
- Waters Named White Mts. Re CEO
- Promina Shareholders Accept Suncorp-Metway Offer
March 6, 2007
- Deadly Quake Strikes Sumatra
- Guy Carpenter, MMC Securities Release Cat Bond Survey
- RMS Ups Kyrill Loss Estimates
- AutoMart Signs up Chinese Insurers
- Best Affirms Misr Ratings; Outlook Revised to Negative
- Best Affirms Al Chark Ratings
- Willis Names Di Maria Sr. VP-Marketing & Communications
March 5, 2007
- Aon CEO Stresses Lloyd's Need for 'Speed of Access'
- Small London Company Uses Computer Archive to Help Find Stolen Art
- Swiss Re Completes Repurchase of 50% of GE Shares
- Lloyd's, FSA Approve Pembroke Managing Agency for Quanta
- Arch Announces $1 Billion Share Repurchase Program
March 2, 2007
- Greenberg to Succeed Duperreault as ACE Board Chairman
- Picasso Paintings Stolen in Paris
- Best Comments on Swiss Re Results
- ABI Urges More Young Driver Training, Passenger Limits
- Marsh Sees 'Demand Surge' in Romania's Compulsory D&O Law
March 1, 2007