International News
News for December 2007
December 31, 2007
- XL Board Chairman Esposito Resigns
- Mass Toy Recalls – a Manufacturers' Nightmare
- Best Affirms Asia Capital Re Ratings
- Barrales, Herrera Join Flagstone Re - Latin America
- Ratings Recap: General (India), SCA, Successor Hurricane, Wing Lung, Dao Heng, Sovereign Assurance
December 28, 2007
- Munich Re 2007 Nat Cat Report Warns of 'Rising Trend'
- ING to Sell Reinsurance Unit to Berkshire Hathaway
- Lloyd's Insurers Consider Coverage for Commercial Space Flights
- Validus Inks Quota Share Deal
December 27, 2007
- Willis Report Tackles Global Warming Impact on Risk Management
- Brazil Museum Uninsured for Stolen Picasso
- AIR Estimates Insured Losses from New Zealand Quake at $192 Million
- Brazil Relaxes Collateral Requirements for 'Alien Reinsurers'
- Argo Group Begins Reorganization; Best Raises Peleus Re Ratings
- AXA to Buy 36.7 % Stake in Russia's RESO
- Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
December 24, 2007
December 21, 2007
- Best Revises XL's Rating Outlook to Negative
- Fitch Says UK Non-Life Insurers are 'Well-Positioned in Challenging Market'
- Max Capital Increases Share Buy-back
- Marsh Appoints Nicholson to Head Scottish Operations
- Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion
- Ratings Roundup: Insurance Australia Group, Bank of China
- China Regulators Give Willis a '5-Star' Rating
December 20, 2007
- New Study Reveals Estimates of Sea Level Rise May be Too Conservative
- Russian Insurer NASTA to Operate under Zurich Brand Name
- S&P Announces Rating Actions on Bond Insurers; Teleconference Today
- Airline Insurance Market to Post Loss for Year; First Since 2000
- S&P Lowers Kingsway Ratings to 'BB+'; Outlook Negative
December 19, 2007
- Preliminary Swiss Re 'sigma' Report Estimates 2007 Cat Losses
- Kingsway to Increase Lincoln General Reserves; Best Lowers, Reviews Ratings
- ACE Earnings Guidance for 2008
- Catlin Purchases $225 Million in Cat Bonds; Best's Ratings
- Ratings Recap: National Grid, HDI (Belgium), HDI (Germany), HDI (Italy)
December 18, 2007
- American Financial Takes 67% Stake in Lloyd's Marketform
- Kingsway Picks Jackson to Succeed Star as President and CEO
- RMS Comments on UK Flood Review
- Ratings Roundup: TokioMarine/Nichido, Zurich Australia, ACE
- Aspen Names Haldevang to Head Political Risk
- Integro Moves London Office
December 17, 2007
- Aon Sells Combined to ACE for $2.4 Billion; Sterling to Munich Re
- Munich Re to Acquire Aon's Healthcare Insurer Sterling for $352 Million
- Gallagher Acquires 38.5% Stake in Jamaica's CGM Group
- S&P Raises RenRe's Ratings to 'A' and 'AA-'; Outlook Stable
- Gesick Named PartnerRe Chief Actuarial Officer
- Marsh Names Richmond to Product Risk Consulting Team
- Ratings Recap: London General, AIG Global Trade, Kiln, PartnerRe (Europe), New Technology, Radian (Europe), Allied World
December 14, 2007
- Japan's Millea Group to Buy Lloyd's Kiln for $898 Million
- UN Climate Chief Says US-EU Deadlock over Emissions Cuts Threatens Summit
- Guy Carp Publishes UK Flood Report
- Zurich Establishes Asia-Pacific Corporate Business Unit
- Best Upgrades Company Ratings after Country Risk Methodology Review
- Willis Expands Global Graduate Program after China Success
- Ratings Recap: Temple, Munich Re, ERGO, Ecclesiastical, Ansvar, Unipol, Paris Re
December 13, 2007
- Study Finds Fault with Global Climate Change Models
- Lloyd's Renews 'Three-Year Plan'
- Munich Re Hosts 'ERGO Day;' Highlights Primary Carrier's Expansion
- Insurance Australia Group Claims Report on Sydney Storms
- Loyalist Confirms Brownstone Deal
- S&P Affirms AIG's 'AA' Ratings; Asia Unit Upgraded to 'AA+'; Outlook Stable
- Zurich Names Lehmann Chief Risk Officer; Foley CEO No. Am. Commercial
December 12, 2007
- Lloyd's Comments on Florida Changing Reinsurance Collateral Rules
- Best Revises Zurich Outlook to 'Positive,' Affirms 'A' Ratings
- S&P Raises Royal&Sun Ratings to 'A'
- Ratings Recap: Russian Re, KAMP RE, Arab Group, NIPPONKOA (Asia), Tapiola
December 11, 2007
- Gore Calls on U.S., China to Act on CO2 in Nobel Prize Speech
- Lloyd's Nanotechnology Conference and Report Examines New Risks
- Allied World to Buy Converium's U.S. Reinsurance Operations
- Marsh Adds two Execs to Communications, Media and Technology Team
- Willis Names Van der Slikke VP - Canadian Energy Operations
- Best Appoints Charteris-Black Director – Global Financial Services
December 10, 2007
- ERGO Acquires 65% Stake in Korea's Daum Direct Auto
- Gates Foundation Partners with Labor Organization for Microinsurance
- Sandler is New Ironshore Board Chairman, as Clements Steps Down
- Endurance Closes ARMtech Acquisition
- Ratings Recap: Thai Re, Aspen, Valiant, Qatar Insurance
December 7, 2007
- RMS Estimates High Level of Hurricane Activity for 2008-2012
- Research & Markets Releases 'Snapdata' Reports on India, Netherlands
- Ratings Roundup: Korean Re, Sunderland Marine
December 6, 2007
- Coastal Flood Peril Study: $3 Trillion Today - $35 Trillion by 2070
- AXA Buys Ohio's Matrix
- China's CNinsure to Acquire Majority Stake in Insurance Adjuster
- American International Underwriters to Present Podcasts
- XL Completes GAPS Buy
- Farstad Named Principal - Marsh International Risk Consulting
- Ratings Roundup: Everest Re, Bison, PMG, Liffey Re,
December 5, 2007
- US Wants to Join Climate Negotiations, Despite Resistance to Emissions Cuts
- Hardy Sets Sail for Bermuda; Redomiciliation Set for 2008
- Guy Carpenter Appoints Abrantes Senior Vice President, Iberia
- Ratings Recap: China (NZ), Hannover ReTakaful, Fairfax, Radian (Europe)
December 4, 2007
December 3, 2007