International & Reinsurance News for February 2007
- 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
- Caribbean Nations Establish Joint Disaster Insurance Pool
- Canada’s Sovereign Signs ‘Alliance Agreement’ with OneBeacon
- World Bank, Caribbean Nations to Discuss Fund to Insure Against Natural Disaster
- 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
- 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
- Powerful Quake Hits Northeast Indonesia
- 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’
- 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
- Lloyd’s Raises Novae Syndicate Assessment To ‘2+’; Outlook Stable
- 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
- 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
- ING Net up 14%
- Marsh UK Launches New “Fraud & Crime” Coverage
- 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
- Gamble Rejoins GAB Robins
- Swiss Re P/C Renewals up 14%; Conference Call Today
- Fitch Affirms Max Re Ratings; Off Watch/Negative; Outlook Stable
- 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
- Max Re Capital Reports Record Net Income; Conference Call Today
- Aspen Reports Q4, FY Record Income
- 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
- 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
- Aviva’s Delta Lloyd to Acquire Erasmus Group BV
- Best Lowers Tokio Marine Pacific Ratings
- 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
- 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+’
- 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
- 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
- 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
- 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
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