International News
News for February 2008
February 29, 2008
- New China Financial Chief Could Speed Up Banking, Insurance Reforms
- UK's Aviva Posts $6.52 Billion Operating Profit
- Swiss Re Profit Down Less than Expected
- Guy Carp Analyzes Cat Bond Market
- White Mountains Re Management Changes
February 28, 2008
- Earthquake Strikes England; No Deaths Reported, Initial Damages $20 Million
- AXA Earnings: Net Income up 11% to $8.55 Billion; Conference Call Today
- AXA's Bébéar to Step Down
- Best Holds Stable Reinsurance Outlook
- Willis Exec Lists Industry 'Megatrends'
- MMC Shakes up Guy Carp; Zaffino Named CEO, Newhouse as Chairman
- ACE Expands Glasgow Office
February 27, 2008
- Aon Review Sees Harder Aviation Market
- Willis on Middle East Terrorism Insurance
- Norway's Prime Minister Opens Seed Vault in Arctic
- Lloyd's is a UK Leading Business Brand
- China's Ping An May Scale Back Massive Share Offer
- S&P Takes Various Rating Actions on European Monoline Securitizations
- Greaves to Head Marsh's UK Forensic Accounting, Claims Services Practice
February 26, 2008
- QBE Net Profits up 30% to US$1.786 Billion
- CNinsure Reports Q4, FY Financial Results
- S&P Takes Bond Insurer Rating Actions
- S&P Sees No Change in Aioi Ratings from Subprime Writedown
- CNinsure CFO to Resign
- Ratings Roundup: Sun Hung Kai, Zurich
February 25, 2008
- Munich Re 2007 Profit Rises 11.9% to $5.835 Billion
- Montpelier Re Q4 Net Drops; FY Net up Slightly; Book Value Increased
- Marsh's New Private Client Head Warns of Reliance on 'Standard Cover'
- Wood to Head Lockton's UK Engineering & Construction Treaty Team
February 22, 2008
- Lloyd's Analyzes Southeast Asia Terrorism Threat
- Chubb Offers Solutions to Art Ownership Disputes
- Catlin Seals $150 Cat Bond Purchase; Willis Advised on Deal
- Chubb Adds International Hull Insurance to Its Marine Offerings
- Research & Markets Issues Czech 'Snapdata' Report
- RenRe Announces 3 New Board Members
- Ratings Roundup: Empyrean Re, Storebrand, Ballantyne Re
February 21, 2008
- Allianz Releases 2007 Earnings Figures
- Zurich Offers Political Risk Insurance for Carbon Credit Projects
- Munich Re Sets Up $1.5 Billion Pandemic Risk Cat Bond Facility
- Platinum Reports Q4, FY Net Income Gains
- Willis Re Releases New Sub-Prime Professional Liability Research
- Research and Markets Analyzes UK General Insurance Competition
February 20, 2008
- Lloyd's Poll Finds Financial Instability is Main 2008 Risk
- Flagstone Re Q4 Net Income Drops; FY Net Earnings Near $168 Million
- Kingsway Reports Q4, FY Loss
- Oil Companies May be Under Insured as Prices Rise, Notes Marsh
- Lloyd's Market Reform Group Sees End of Paper Processing
- Swiss Re Registers as Admitted Brazilian Reinsurer
- Navigant Consulting Expands to Bermuda
- Caribbean Catastrophe Risk Facility Receives $2.4 Million from Ireland
- Willis 'CyPro' to Cover Business Interruption, Costs from Data Loss
February 19, 2008
- Swiss Re Stresses Role of Insurance at Climate Change Conference
- AXA Art Offers Security Checks after Swiss Theft
- 'Managing the Cycle' Remains #1 Priority Lloyd's Survey Finds
- Marsh Report on Europe Transport Highlights Regulatory, Liability Concerns
- Rating Agencies React to AXA's Acquisition of ING Seguros
- Chinese Regulators Cite Marsh as #1 International Broker
- Willis Expands UK Employee Benefits Practice
- Ratings Recap: BluePoint Re, Channel Re, RAM Re, Assured Guaranty, Steamship Mutual, Hannover Ltd., ARAG
February 15, 2008
- Association of British Insurers: Homes on Flood Sites 'Unsaleable, Uninsurable, Uninhabitable'
- Best Explains Takaful Rating Methodology
- RMS Launches 'Paradex' Model for European Windstorms
- SCOR Books Successful Treaty Renewals
- Springett to lead Marsh's Power and Utility Practice in Europe, Mideast, Africa
- Ratings Roundup: Mapfre, Platinum, China(Macau), Coastal Medical
February 14, 2008
- Zurich Net up 22% to $5.62 Billion
- Max Capital Reports Drop in Q4 Net Income; FY up 29% to $303 Million
- Lloyd's Applies for Brazil Re License
- Best Affirms Hardy's Lloyd's Syndicate 'A' Ratings
February 13, 2008
- AXA to Acquire ING Seguros
- Arch Capital FY Net up 19% to $832 Million; Q4 Down Slightly; Conference Call
- Validus Posts Q4, FY Gains; Conference Call Today, Details
- Ascot Announces New Appointments
- Ratings Roundup: CIBC Re, Groupama, Ballantyne Re
February 12, 2008
- Armed Robbers Steal $100 Million of Art Work from Zurich Museum
- Grant Thornton's Tucker Comments on Camden Market Fire
- UK's National Health Service Urges Brits to 'Sexercise'
- Accenture Solvency II Survey: Europe's Insurers Expect Manageable Costs
- Collins Expands Reinsurance Services to Europe
February 11, 2008
- Fire Destroys Part of London's Camden Market; No Casualties Reported
- Aon Integrates Risk Services Operations
- Appel to Head Aon Re Global; Other Appointments
- Quanta to Sell Remaining Lloyd's Interests to Chaucer
- Allied World Posts $469 Million 2007 Net Income; Q4 $123 Million
- S&P Finds Bermuda Insurers Face Rising Competition
- UK's Chartered Insurance Institute Beefs up Professional Standards Team
- Lockton Creates China Desk in London
February 8, 2008
- Marine Insurance Union Highlights Global Concerns
- India's Insurance Industry Faces Talent Shortage
- Research and Markets Analyzes Singapore Insurance
- Groves to Lead Marsh's Europe, Mideast, Africa Captive Consulting
- Munich Re Names Wright to Head UK Healthcare Unit
- Ratings Roundup: Southern Rock, KOT, Ceska
February 7, 2008
- Munich Re to Set up Brazilian Subsidiary
- Royal & SunAlliance Acquires Broker Fyfe Group
- AXA to Buy Out Turkish Partner
- Aspen Posts $489 Million FY Net; Q4 $135 Million; Conference Call Today
- Endurance Posts $521 Million FY Net, Despite Q4 Drop; Conference Call Today
- Lloyd's Renews Council and Franchise Board Seats
- Barr Joins Marsh's UK Environmental Practice
February 6, 2008
- XL Confirms $1.06 Billion Q4 Loss; FY Net $360.4 Million; Conference Call Today
- ACE FY Net Up12% to $2.578 Billion Despite Q4 Losses; Conference Call Today
- AIR Analyzes 'China's Worst Winter Weather in 50 Years'
- RenaissanceRe Q4, FY Earnings Decline on Writedowns; Conference Call Today
- White Mountains Book Value Gains, as Income Drops
- Aspen to Release Earnings Today; Conference Call Details
- Endurance Q4 Earnings Announcement Today; Conference Call Thursday
- Willis Set to Post Q4 Earnings; CEO to Speak Thursday
- Caribbean Cat Risk Facility Announces Changes for Renewals
- SCOR Receives Approval for Beijing P/C Branch
February 5, 2008
- AXIS Posts Strong Q4, Full Year Income Gains, as Net Tops $1 Billion
- ACE Earnings Release Today; Conference Call Details
- RenaissanceRe to Release Earnings Results Today; Conference Call
- PartnerRe 2007 Earnings Decrease on Investment Losses
- Lloyd's, London Market Association to Drive 'Claims Change Program'
- S&P: Monoline Problems to Have 'Limited Impact' on Japanese Financial Institutions
- Brown Named to XL's Executive Management Board
- ACE Names Faulkner as European e-Commerce Manager
February 4, 2008
- PartnerRe Earnings Announcement Today; Conference Call Details
- AXIS Capital Earnings Announcement Today; Conference Call Details
- Everest Re Earnings Report - $839 Million Full Year Net Income
- Zurich Expands in Norway, Denmark
- Benfield to Open Beijing Office
- Cooney Named Managing Director-Aon Capital Markets
- Research & Markets Report on Allianz UK
- Best Affirms Indian Insurer's 'A-' Ratings; Outlook Now Stable
- Ratings Roundup: South China Insurance, Transmonde, Bluewater
February 1, 2008
- Malaysian Hindu Mother's Insurance Case Highlights Religious Conflicts
- China's CNinsure Buys Majority Interests in 2 P/C Insurance Agencies
- Baloise and Gothaer in Merger Talks on German Insurance Operations
- Spaniard Suing for Own Car Damage from Hitting, Killing Bicyclist
- Canadian Ski Patrol, Insurance Brokers Issue Safety Warning
