International News for February 2007 Caribbean Nations Establish Joint Disaster Insurance Pool Canada’s Sovereign Signs ‘Alliance Agreement’ with OneBeacon Lloyd’s Hardy Licenses Use of AIR’s Cat Models Ping An to List Shares in Shanghai ICAP and JLT Announce Joint Venture Trigg to Head Marsh EMEA RMP SCOR Makes Hostile Bid for Converium; Offer Rejected Marsh CEO Opens National Oil Company Conference with a Warning Best Affirms Syndicate 1225 Ratings Hannover Re Securitizes App. $1.32 of Reinsurance Recoverables World Bank, Caribbean Nations to Discuss Fund to Insure Against Natural Disaster ABI Responds to UK Treasury’s Travel Insurance Regulation Proposals XL to Repurchase $1 Billion in Shares S&P Reports Japanese Insurers Facing Increasing Scrutiny French Insurance Giant AXA’s 2006 Profit Rises 18% Swiss Re Closes ‘Gherkin’ Sale Fairfax Q4 Net $159 Million; $227 Million Full Year Blackstone and DLJ Merchant to Sell Some Aspen Shares RenRe to Develop ‘WOW’ Hurricane Study Model Marsh Names White as FINPRO Practice Leader for Europe AIG Expands Captive Operation to Guernsey Building Materials Firm Sued Over Australian Asbestos Compensation Plan Allianz Preliminary Earnings Report–Net Income up 60% to $9.2 Billion Best Comments on SCOR/Converium Best Rates Skandia ‘A’ S&P Takes Bluewater off CreditWatch S&P Ratings on Moscow Re Unchanged By New Ownership Zaffino to Retire as Guy Carp Chairman Allianz, Munich Re Endorse Global Roundtable Climate Change Accords Allianz and Sistema Sign Purchase Agreement for Russia’s ROSNO ABI Notes Imminent Closure of UK Uninsured Driver ‘Loophole’ Powerful Quake Hits Northeast Indonesia Lloyd’s Raises Novae Syndicate Assessment To ’2+’; Outlook Stable Hynes Named Willis Canada President, CEO Platinum Posts $86 Million Q4 Net; $330 Million Full Year Max Re Names Rainey Executive VP & CFO of Max Europe Holdings Best Comments on January Reinsurance Treaty Renewals Marsh UK Names Stacey VP-Construction, Power & Utilities Best Affirms Wing Lung Ratings SCOR Acquires 32.9% of Converium; Makes Unsolicited Bid; S&P Comments ING Net up 14% Marsh UK Launches New “Fraud & Crime” Coverage Best Affirms Odyssey Re Ratings R&M Issues Belgian Study Montpelier Re Q4 Net $140 Million; $362 Million FY; Book Value up 33% Best Sees No Change in Zurich Ratings CII Launches Broker Academy Zurich BOP up 48% to $5.9 Billion Aon Re Global Management Changes Max Re Board Changes Converium Comments on Renewals; Webcast Today, Details S&P Withdraws Some Ratings on Spain’s Mapfre after Restructuring S&P Affirms, Withdraws Toro Ratings after Generali Acquisition; Nuova Tirrena Ratings Lowered, Withdrawn Hiscox Acquires Dutch Art Insurer’s Renewal Rights Arch Capital Reports $239 Million Q4 Net; $692.6 Million Full Year Zurich Acquires Majority Stake in Russia’s NASTA Allied World Posts $128.4 Million Q4 Net; $442.8 Million Full Year Zurich’s Kyrill Claims Around $150 Million S&P Revises Atlantic & Western Re’s Class A & B Notes to ‘D’ Best Assigns Ironshore ‘A-’ Rating Guy Carpenter Makes Management Changes Benfield Names Lazarus to Head Australia Facultative Solutions Willis Taps into Supercomputer to Analyze Climate Change, Nat Cats Gamble Rejoins GAB Robins Swiss Re P/C Renewals up 14%; Conference Call Today Fitch Affirms Max Re Ratings; Off Watch/Negative; Outlook Stable Allied World Earnings Release Today – Conference Call Details FSA Releases 2007/8 Business Plan; ABI Reacts Positively Willis Calls for ‘Transparency’ at European Commission Public Hearing Max Re Changes Sr. Management; Hynes to Retire; Roberts, Tees, Bourdages Assume New Posts Max Re Capital Reports Record Net Income; Conference Call Today Aspen Reports Q4, FY Record Income Aviva’s Delta Lloyd to Acquire Erasmus Group BV Best Lowers Tokio Marine Pacific Ratings Eckert to Retire as Zurich COO S&P Puts Eurus Notes on CreditWatch/Negative after Windstorm Endurance Posts Record $198.8 Million Q4 Net ; $498 Million Full Year XL Q4 Net $471.1 Million; $1.72 Billion Full Year Willis Reports Strong Q4, FY Results Cayman Islands Securitizations Grow Marsh to Host Dubai Oil Conference Guy Carpenter Appoints Junnarkar CFO Aspen to Release Q4, Full Year Results Today; Conference Call Details South Takes Over as Marsh UK CEO Marsh Outlines Avian Flu Risks RenaissanceRe Reports Record 2006 Net Income of $761.6 Million RenRe Finalizes Settlement with SEC R&M Issues China P/C Report AXIS 2006 Net Income $925. 8 Million Council of Lloyd’s Confirms Member Appointments Best Affirms, Withdraws Ratings on Egypt’s Al Mohandes 25 Die as Indonesian Floods Worsen ACE Plans $500 Million Debt Issue Marsh Names Former London Lord Mayor Brewer as Vice-Chairman Liverpool Victoria Names Colinshaw Sr. Broker to Head ABC Insurance RenRe to Post Q4, Full Year Financials; Conference Call Details Willis Posts Earnings on Wednesday; Conference Details Best Upgrades Swiss Re’s GE Acquisitions to ‘A+’ Fitch Upgrades ACE Financial Strength, Debt Ratings Best Affirms Platinum’s ‘A’ Ratings Electronic Trading/Processing Surges at Lloyd’s XL’s Kyrill Losses – $60 to $75 Million S&P Puts Norway’s Bluewater on Watch/Negative RMS Creates ‘Climate Change’ Position to Evaluate Impact on Risks AXA Posts Earnings Gains in all Sectors Transatlantic 2006 Net Income up 1130% over 2005 UK’s Liverpool Victoria to Acquire CSMA Road Service 9 Dead, 200,000 Homeless as Floods Inundate Jakarta Swiss Re Sells London Office Building for $1.18 Billion QBE Acquires Cumbre Seguros AXIS Kyrill Losses at $40-$55 Million Allianz to Integrate Italian Units Arch Insurance Names O’Donnell to Head Executive Assurance Unit Converium Announces Changes in Global Executive Committee PartnerRe to Release Q4, Full Year Results Monday; Conference Details IPCC Climate Change Report: Human Activities Linked to Global Warming Frakes Retiring from Everest National Willis Appoints D’Andre Executive VP to Head Global Corporate Practice Marsh Names Wendin to Head Japan Client Services in EMEA Best Affirms QBE Ratings; Off Review Best Assigns ‘A-’ Ratings to South China Insurance Co. Zurich Increases Microinsurance Focus Avery to Leave Aspen Board Converium Estimates Kyrill Claims between $32 to $46 Million Barrette Resigns as Director of Montpelier Re ACE Europe Global Markets Study Highlights Political Risk Concerns International News Archives
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