International & Reinsurance News for March 2007
- Best Affirms Lloyd’s ‘A’ Ratings; Revises Outlook to Positive
- Best Assigns ‘A-‘ Ratings to German Insurer WuerttVers
- Fairfax to Buy More Cunningham Lindsey Shares
- Officials Laud New Japanese Quake Alert System
- Lloyd’s Posts Record Pre-tax Profit – Over $7 Billion
- Best Downgrades Steamship Mutual Bermuda and UK Ratings
- Best Affirms TT Club ‘A-‘ Ratings
- Fitch Upgrades Lloyd’s Ratings
- Best Affirms CastlePoint’s Ratings
- Swiss Re Chooses London for $982 Million Hybrid Capital Placement
- RMS Publishes ’60-Year Retrospective’ on 1947 U.K. Floods
- Equitas Completes Reinsurance Deal with Berkshire Hathaway
- Lancashire Promotes Burton, Whelan, Porter
- Aon Forms ‘Global Risk Consulting’ Unit
- Marsh to Apply for Qatar License
- S&P Rates Hibernian ‘A+’/Stable
- Best Rates Interglobal ‘B++’
- Best Affirms Hang Seng ‘A+’ Ratings
- Best Affirms NZ’s Tower Ratings
- Max Re Approved to Acquire, Operate U.S. E&S Company
- London Looks for ‘Best Marine Talent ‘
- Xchanging Prepares IPO
- CastlePoint IPO a Success
- Davis to Retire from Allied World
- AXA Increases Presence in Italy
- Marsh Report Finds More UK Captives
- Powerful Earthquake Rocks Japan; 1 Dead, 170 Injured
- Lloyd’s Underwriter Survey Again Puts ‘Managing the Cycle’ as Chief Concern
- Marsh Comments on UK’s ‘More Focused Business Management’
- Allianz Formalizes AGF Minority Shareholder Buyout Offer
- Plumeri Speaks to FSA on ‘Principles-based’ Regulation Decision
- S&P Rates Germany’s ARAG ‘BBB’
- Swiss Re Observes ‘International Water Day’ with $825,000 Red Cross Gift
- ABI Supports FSA’s ‘Principles’ Move
- Converium Says 14% ROE Proves SCOR Offer Too Low
- XL Names Muldoon Sr. VP – Strategy, Development and Planning
- TSR Updates Hurricane Forecast
- FSA Insurance Regulation to be More ‘Principles-based’
- Ark Syndicate Is Newest Lloyd’s MGA
- ABI Backs UK National Fraud Authority
- Allianz Joins Institutions to Urge Congress to Act on Climate Change
- S&P Puts Germany’s Union on CreditWatch Pending Merger
- Aon UK Partners with InterResolve for Liability Claims Processing
- International Bird Flu Summit Closes with Promise of Aggressive Campaign
- AXA to Buy Korean Direct Auto Insurer
- Dignat Joins Guy Carpenter’s New European Solutions Group
- Best Withdraws Insurance Corp. of Newfoundland Rating Due to Merger
- European Insurance Forum Puts Ireland in the Spotlight
- Study Reveals Potential for $100 Billion Earthquake Loss in Beijing, China
- International Labour Group Introduces Microinsurance Book
- Over 30 Countries Agree: Bird Flu Preparedness is Key
- ACE Canada Appoints Barkley as President, CEO
- S&P Sees No Ratings Change for Swiss Re Subsidiaries
- Willis Extends Plumeri’s Contract
- Marsh Expands Europe Specie Team
- Guy Carpenter Launches ‘SelectCat’ Reinsurance Pricing & Loss Index
- Swiss Re to Alter Structure as EU Re Directive Deadline Approaches
- S&P: Austrian Insurance Ratings Stable
- Aon Settles Benfield Suit
- Hiscox Profits up 186% to $388 Million
- Xl to Issue $1 Billion in Preferred Shares; Best’s Rating is ‘bbb’
- Lloyd’s Chairman Revues Asia’s Growth Prospects in Singapore Speech
- Best Upgrades, Affirms B.E.S.T. Re Ratings
- Rates UAE’s SALAMA ‘B++’
- Millea to Form Reinsurer with JP Morgan Chase
- EU to Promote Alternative Energy, Cut CO2 Emissions
- Catlin’s 2006 Results Rise on Wellington Acquisition
- Swiss Re sigma Study Details 2006 Natural, Man-made Disasters
- EQECAT to Unveil New ‘Offshore Energy Model’ for Gulf of Mexico
- Best Affirms R&SA ‘A-‘ Ratings
- R&SA Posts Strong 2006 Results
- Munich Re Releases 2006 Nat Cat Report; Focus on Climate Change
- S&P Says Pohjola Ratings ‘Unchanged’
- SCOR Presents its Case for Merger with Converium
- Max Re Name Change
- ACE Europe Introduces ‘Streamlined’ Professional Indemnity Product
- Waters Named White Mts. Re CEO
- Promina Shareholders Accept Suncorp-Metway Offer
- Marsh Comments on Effect of EU’s ‘REACH’ Regulations
- 22 Die, 118 Survive Java Air Crash
- Deadly Quake Strikes Sumatra
- RMS Ups Kyrill Loss Estimates
- Guy Carpenter, MMC Securities Release Cat Bond Survey
- AutoMart Signs up Chinese Insurers
- Willis Names Di Maria Sr. VP-Marketing & Communications
- Best Affirms Misr Ratings; Outlook Revised to Negative
- Best Affirms Al Chark Ratings
- Lloyd’s, FSA Approve Pembroke Managing Agency for Quanta
- Arch Announces $1 Billion Share Repurchase Program
- Swiss Re Completes Repurchase of 50% of GE Shares
- Small London Company Uses Computer Archive to Help Find Stolen Art
- Aon CEO Stresses Lloyd’s Need for ‘Speed of Access’
- Best Comments on Swiss Re Results
- ABI Urges More Young Driver Training, Passenger Limits
- Picasso Paintings Stolen in Paris
- Marsh Sees ‘Demand Surge’ in Romania’s Compulsory D&O Law
- Greenberg to Succeed Duperreault as ACE Board Chairman
- Swiss Re Net Jumps 98% to $3.76 Billion; Plans Share Buyback
- Best Revises 2007 Global Reinsurance Outlook to Stable
- S&P Raises Converium’s Ratings to ‘A-‘; Off CreditWatch; Company Comments
- Lloyd’s Launches Malaysian Subsidiary
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