International News
News for August 2008
August 29, 2008
- RMS, AIR Tracking Gustav
- Commerzbank Poised to Buy Allianz's Dresdner Bank Subsidiary
- Best Affirms QBE's 'A' Ratings
- Max Capital Names Werle Exec. VP, Chief Risk Officer
- Ratings Roundup: York Fire, Tokio Millennium Re, BF&M Limited
August 28, 2008
- Killer Storm Gustav Gains Strength; Could Threaten U.S. Gulf Coast
- Maple Leaf Takes Blame for Food Poisoning Outbreak
- Willis Rebrands Irish Unit
- AIG Buys 18% Stake in China's MicroCred Nanchong
August 27, 2008
- Gustav Weakens over Haiti
- French Insurers Scor, CNP Post Higher Profits
- Willis Launches So. Africa M&A Practice
- S&P Report Says Oman Insurance Market Still Strong After 2007 Losses
August 26, 2008
- UPDATE: 12 Dead in Canada Food Poisoning Outbreak
- Hurricane Gustav Forms South of Haiti
- Kingsway to Sell York Fire & Casualty
- Swiss Re Urges Private-Public Partnerships to Tackle Climate Adaptation
- Turkish insurer TEB Sigorta Rebranded as Zurich Sigorta
- Best Removes XL's Ratings From Under Review; Assigns Stable Outlook
- Best Comments on Flagstone Re's Organizational Changes
- Ratings Roundup: Stoneheath Re, Insurance Australia, Toa Re
August 25, 2008
- Maple Leaf Foods Confirmed as Source of Deadly Canada Meat
- Insuring Olympic Gold Medals: How Much Are They Worth
- AIR Analyzes TS Nuri
- Insure Your Diamonds for Full Value Warns Marsh
- Lloyd's, RMS to Release Global Coastal Flood Report
- Zurich Offers Asset-backed Securitization in Ukraine
- Simoneau Returning as HUB International Quebec CEO
August 22, 2008
- Aon to Acquire Broker Benfield for $1.75 Billion
- QBE's First Half Results Show Gains
- Jeanbart Named Marsh CFO-Asia
- Ratings: MAPFRE RE, Novae, Syndicate 2007, Infrassure, Glacier Re, CLICO
August 21, 2008
- International Chamber of Commerce is Pessimistic on Global Economy
- Burma Rights Group Says XL, Chubb to Withdraw; Chubb Cites 'Inaccuracies'
- Chinese Hurdler Liu Xiang Will Forgo Insurance Claim
- Ratings Recap: Allianz (UK), Generali (France), Generali (Germany), BEST Re
August 20, 2008
- Somali Pirates Hijack Thai Cargo Ship with 28 Crew
- Taiwan Issues Warning for Typhoon Nuri
- Best Withdraws Some Ratings on Swiss Re Subs after Domicile Transfer
- S&P Raises International General Insurance Ratings to 'BBB+'
August 19, 2008
- Aon Launches UK Extortion Consulting with Police Expert
- Flagstone Re Holdings to Merge Bermuda, Swiss Operations
- Willis Names Tracey to Head Global Professional Services Group
- Best Affirms Generali's 'A+' Ratings
August 18, 2008
- UPDATE: Tropical Storm Fay Remains on Course for Florida
- As Sewers Age, Canada's Insurers See Mess of Claims
- Ratings Roundup: SALAMA, MBIA/Ambac (Chile), Misr, SJ China, Starbound, Great American
August 17, 2008
August 15, 2008
- AIR Updates Catastrophe Risk Modeling Systems
- Zurich Closes Acquisition of 50% Stake in Spain's Caixa Sabadell
- S&P Releases New Lloyd's Syndicate Financial Assessments
- HUB Makes Ontario Management Changes
August 14, 2008
- 'Dramatic' WTO Farm Deal Close If Talks 'Can Be Revived'
- PMI Group to Sell Australian Operations to QBE
- S&P: ING Ratings, Outlook 'Unchanged' by Q2 Profit Decline
- Ratings Roundup: Exporters, Endurance
August 13, 2008
- Zurich Posts $2.7 Billion First Half Net
- ING Q2 Net falls 25% to $2.86 Billion
- XL Expands Canada Aviation Team
August 12, 2008
- WTO Head Says Trade Deal Still Possible by Year-End
- Navigators Group Receives Approval for Brazil Reinsurance
- Marsh India Promotes Kedia to CEO, Country Manager
- Best Sees No Rating Change for NZ's Tower from Dropping Bank Deal
August 11, 2008
- Bermuda Monetary Authority Sets New Solvency II Compliant Rules
- Whittington Completes Sale of Americas Insurance to ISG Acquisition
- Kingsway's Q2 Net Income Rebounds from Q1 Loss to $6.3 Million
- Catlin Posts 21% Decline in First Half Net Income; GPW Top $2 Billion
- Allied World Q2 Net Income Drops by 35% to $79 Million
- Validus Files to Sell Shares; Best, S&P Assign Ratings
- Argo Group Bucks the Trend as Q2, H1 Net Income Increases
- CastlePoint Q2 Earnings Stable at $10.3 Million
- Greenlight Re Q2 Net $33.5 Million; Share Repurchase Plan Announced
- Ratings Roundup: HSBC Insurance, AXA Ireland, XL/Mangrove
August 8, 2008
- Munich Re Posts $2.1 Billion First Half Profit Despite Credit Crunch
- Lloyd's Europe Manager Highlights Expansion Plans
- RMS unveils New UK Inland Flood Model, EU Earthquake Model
- S&P: Munich Re Ratings 'Unaffected' by Reduced Earning Forecast
- Pehrson Joins Aon Re Global
August 7, 2008
- Credit Crunch Cripples European Insurers' Profits
- XL Completes SCA Bailout Plan
- Global Writedowns, Credit Losses Near $350 Billion
- Aon Launches 'Green Building Property Program'
- Best Affirms Tokio Marine/Nichido Fire 'A++' Ratings
- Ratings Recap: XL, Milli Re, One Beacon (Bermuda), Seguros Triple-S
August 6, 2008
- Swiss Re Q2 Net Income Drops 53% to $536 Million
- Aon Urges Early Preparation for Solvency II
- 3 Dead as Tornado Hits France
- AXIS Q2 Net Income Declines by 8% to $231 Million
- Max Capital Q2 Net Income Drops 20% to $74 Million
- Flagstone Re Q2 Net Income Increases to $41.9 Million
- Willis Re Names Three Executives to Drive Global Growth Strategy
August 5, 2008
- Swiss Re to Acquire Barclay's Run-off Life Business for $1.47 Billion
- Best Sees Growing Interest for Euro-Captives' Ratings
- New European Cat Bond Uses RMS Paradex for Risk Analysis
- Tokio Millennium Re to Use AIR's U.S. Crop Model
- Gribben Named to Direct Willis Global Sales Team
- Catlin to Use EQECAT'S Gulf of Mexico Offshore Energy Model
- Babcock Named as PartnerRe's Group Finance Director
- ACE Europe Names Bartolo to Manchester Environmental Risk Post
- Ratings Roundup: AXIS, Itau XL, Topiary/Platinum
August 4, 2008
- Munich Re CFO Sees More Writedowns in Third Quarter
- Marsh Survey of National Oil Companies Finds Increased Risks
- AXIS to Release Q2 Results Today; Conference Call Details
- ACE Europe Upgrades Irish D&O Cover
August 1, 2008
- Bermuda-based Companies Second Quarter Earnings Reports
- Lloyd's Appoints Egan as First Country Manager for Ireland
- CNinsure Affiliates Receive High Rankings
- Reinsurance, Investments Decrease Fairfax Q2 Profit by 84%
- Underwriters Exercise XL Options
- PartnerRe Amends, Extends Equity Forward Sale Agreement; Repurchases 1 Million Shares
- Ratings Roundup: Congregational, Abu Dhabi National