International News
News for August 2007
August 31, 2007
- Lloyd's Donates $110,000 to International Alert Peace Fund
- SCOR 1H Net up 77% to $247 Million
- ACE Expands Global Environment Coverage for US Multinationals
August 30, 2007
- S&P: Insurers' Investments 'On Solid Ground' Despite Subprime Credit Crisis
- River Levels Could Rise as More CO2 Makes Plants Less Thirsty
- UK Insurance Market Worth $352 Billion Says R&M Report
- S&P Revises Congregational & General Outlook on Capital Woes
- Ratings Roundup: Validus
- RAM CFO Leaves Post
- Fitzgerald to Head Marsh UK's HR Dept.
- Novae Names Elder Insurance Co. Underwriting Director
August 29, 2007
- Swiss Re: Nordic Region Storm Losses to Double by 2100
- Converium Q2 Net $46 Million
- Ratings Roundup: Vesta, Polish Re, Max Capital, BNY
August 28, 2007
- Dean Losses 'Manageable' Says Fitch
- Suncorp FY Net up 16.2% to $877 Million; Promina 'on Track'
- CRM Has No 'Material Exposure' to Subprime Crisis
August 27, 2007
- At Least 60 Die in Greek Brushfires
- Moody's: US Sub-prime Crisis has 'Limited Direct Impact' on European Insurers
- Quanta Repurchases Securities
- Ratings Roundup: CRC (Bermuda) Re
August 24, 2007
- Caribbean Insurance Pool Not Affected by Hurricane Dean
- IAG FY Net Hit by Storms
- Marsh to Work with Diamond Broker
- Best Upgrades Ratings on Northbridge Canada Operations
August 23, 2007
- AIR Estimates Dean Mexico Losses 'Unlikely To Exceed $400 Million'
- EQECAT Puts Dean Mexico Losses at 'Less than $250 Million'
- Fitch Sees Little Subprime Exposures in Latin American Banks, Insurers
- PartnerRe Centralizes Global Reinsurance Structure in Ireland
- S&P, Best Comment on PartnerRe's EU Centralization Move
- Hart Brokers Joins Willis UK Network
- Ratings Roundup: Hatherley, RenRe (debt) DR, Cathay Century
August 22, 2007
- Duathlon Organizers Buy Loch Ness Monster Coverage from R&SA
- RMS Estimates Dean Losses around $1.5 Billion
- Lloyd's to Unveil New Marine Policy Contract Wordings
- S&P Forecasts a 'Challenging Environment' for Global P/C Insurers
- SCOR's 1H Gross Written Premiums up 55% to $2.86 Billion
- Best Affirms SCOR Ratings; Upgrades Converium; Off Review
- Ratings Recap: XL, Allianz Global, Taiwan Fire, Emerson Re
August 21, 2007
- Cat Five Dean Slams Yucatan
- Marsh UK Warns of Possible E&O, D&O Liabilities from Subprime Defaults
- AIR: Dean Jamaica Losses Won't Exceed $1.5 Billion
- Best Offers Analysis on Securitization of Reinsurance Recoverables
- Hiscox Profits up 72% to $209 Million
- Zurich Launches New Direct Insurance Offering in Germany
- Ratings Roundup: MERITZ, Samsung
August 20, 2007
- Dean's Damages Delimited
- EQECAT Estimates Dean Losses Between $1.5-$ 3 Billion
- AIR Estimates Peru Quake Losses under $1 Billion
- QBE H1 Net up 56% to $740 Million
August 17, 2007
- Dean Turns Mean
- Kiln Reassures on Investments
- JLT in Saudi Joint Venture
- Montpelier Re Names Aman Sr. VP - Risk Management Officer
August 16, 2007
- Dean Becomes Season's First Atlantic Hurricane
- Zurich H1 Net up 33% to $2.684 Billion
- Aon: China Must Boost Quality Control to Win Over Product Recall Insurers
- S&P Publishes Bermuda FAQ Report
- Mullin Elected to ACE Board
- S&P Reports on Australian P/C Insurers
- S&P Reports New Zealand P/C Insurers Still Face Price Pressures
- Rating Roundup: WUBA
August 15, 2007
- NHC Tracking TS Dean
- Hiscox Takes 49% Stake in UK Broker Allison & Partners
- Middle East Insurance Report from R&M
- RenRe Promotes Richardson to Sr. VP
August 14, 2007
- NSIDC Reports Arctic Sea Ice Continues Accelerated Melting Trend
- ACE Overseas New Construction Unit
- Allianz Sells Property Portfolio to IVG
August 13, 2007
- Fourth Tropical Depression Forms
- UK's Met Office Predicts Warmer Near Term Global Temperatures
- AXA 1H Net up 16% to $4.37 Billion
- Aviva's First Half Global Sales up 25% to $38.8 Billion
- Validus Posts Q2 Net of $70.8 Million
- Bromley Named Vice-Chairman of Aon Re Global
- Rating Roundup: BF&M
August 10, 2007
- AEGON Q2 Net Drops on Credit Woes; Plans $1.37 Billion Share Buyback
- R&M Reports UK Personal Lines Brokers Losing Business
- AIG to Acquire German Insurer, Wuba
- Flagstone Re Q2 Net Drops 53% on Flood, Wind Losses
- Berkley Names Robson to Head New Australian Re Operation
- Ratings Recap: Scottish Re, Macau Ins., AEGON, Generali (Austria), Allianz (debt), Sinosure
- ACE UK Expands Reading Branch
August 9, 2007
- Marsh UK Advises on Foot and Mouth Disease Outbreak
- ABI Estimates UK Flood Losses at $6.1 Billion; Supports Climate Change Bill
- SCOR/Converium Merger Pact Final Settlement; Share Issue
- Max Cap Announces Refinancing
- ACE Overseas Makes Accident/Health Management Appointments
August 8, 2007
- Allied World Reports $123 Million Q2 Net; Conference Call Today
- R&SA Posts $482 Million H1 Profit Despite UK Flood Claims
- AXIS Q2 Net Rises to $252 Million
- Argonaut, PXRE Complete Merger; Officers Named; Financial Statement
- Rating Roundup: Pohjola
August 7, 2007
- Swiss Re Q2 Net up 45% to $1 Billion; Analysts' Conference Call Today
- S&P: Capital Management, ERM, Solvency II Concern European Insurers
- Flagstone Re Earnings Call Thursday
- Evans Joins White Mountains as Executive VP-Global Reinsurance
- Guy Carpenter Names Bedford Broking Head - UK Facultative
- Ratings Recap: Sirius, Guaranteed Weather
August 6, 2007
- Munich Re Posts $2.95 Billion H1 Net Profit; Raises Earnings Forecast
- Marsh Comments on Increased UK Corporate Responsibility Laws
- S&P: Asia-Pacific Banks/Insurers U.S. Subprime Loan Impact Limited
- Marsh Acquires Heath Lambert's Finnish Unit
- CastlePoint Posts $10.5 Million Q2 Net
- Flagstone Re Takes Majority Position in Cayman's Heritage Holdings
August 3, 2007
- Generali H1 Net up 26.7%; To Sell Nuova Tirrena, Resume Share Buyback
- Hannover Re H1 Operating Profit up 15.8% to $641 Million
- Aviva Estimates UK July Flood Costs at $336 Million
- Ratings Roundup: Luen Fung Hang; Allianz UK; Groupama
- Andersen to Head New Marsh Nordic Captive Management Unit
August 2, 2007
- Zurich Estimates UK June Flood Losses at $400 million
- RenRe Reports $193.7 Million Q2 Net
- Endurance Posts $135.3 Million Q2 Net
- Endurance Names Guenther Chief Re Underwriting Officer for London
August 1, 2007