International & Reinsurance News for December 2008
- Association of British Insurers Warns of Increasing ‘Front End Fraud’
- Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re
- Munich Re 2008 Catastrophe Report Cites Role of Climate Change
- Steamship Mutual Launches Crew Pre-Employment Medical Exam
- Catastrophe Losses Up 7% in 2008, Making It One of Costliest Years for Insurers
- Report Japan Insurers Mitsui, Aioi and Nissay in Merger Talks
- Despite Financial Crisis, Climate Change Concerns Continue
- Best Sees No Rating Change for Munich Re from HSB Acquisition
- Ratings Roundup: Starr Insurance, Temple
- Ratings II: Zurich (Spain), HDI (Italy), National Grid, Cat Bonds of Ajax, Carillion, Newton
- Validus Enters Technical Lines Property Coverage with New Underwriter
- Marsh Expects Rise in UK Fraud Insurance Coverage
- Ratings Recap: Aspen, Munich Re (Malta), Qatar, Nissan, CMI, Takaful, Int’l.
- Swiss Re Signs $1.5 Billion Letter of Credit with JP Morgan
- Allianz Launches Economic Research and Strategic Development Division
- Tower and CastlePoint Set Shareholder Meetings to Approve Merger
- Best Affirms/Downgrades Swiss Re’s Ratings; Revises Outlook
- S&P Puts Everest Re and Subs Ratings on CreditWatch/Negative
- Willis Survey Finds ‘Financial Lines Insurance’ Increasingly Important
- ACE Releases 2009 Earnings Guidance
- Zurich Names Terryn P/C COO
- UK’s Chartered Insurance Institute Drops Australian Merger Plans
- Canada’s Maple Leaf Reaches Deal to Settle Listeria Lawsuits
- Ratings Roundup: Validus Re, IPC Re, Meritz
- Fitch Lowers XL Ratings to ‘BBB+’
- Ratings: Imagine, New Castle Re, E+S Re, Ship Owners, Labuan Re, Dongbu, Lemma, Scandinavian
- IAG to Exit UK Mass Market
- ‘Watchdogs’ Tout Reinsurance Early Warning System
- Kingsway to Cut Jobs, Costs
- BNP Paribas Calls Off Fortis Deal
- Swiss Re Study: 238,000 Dead, Losses $225 Billion from 2008 Catastrophes
- Best Affirms Sompo’s Ratings; Upgrades U.S. Subsidiaries
- Lord Levene Re-appointed Lloyd’s Chairman
- Willis P&I Review Finds Global Economic Crisis Hits Clubs’ Reserves
- S&P: Outlook on White Mountains Primary is Negative; Reinsurers Stable
- Ace Strengthens Environmental Team as UK to Implement New Legislation
- Munich Re, Risk Management Solutions Extend Research Agreement
- Marsh to Open 5th China Branch Office
- Chubb Stresses Key Role of Corporate Governance in China
- S&P Affirms Insurance Australia Group’s Ratings; ERM is ‘Strong’
- Willis to Work with Non-Exec. Directors Association on Liability Exposure
- Willis Sees Hardening in Airline Insurance Market
- Ratsma Joins Marsh Business Continuity, Disaster Recovery Team
- XL CEO Comments on S&P, A.M. Best Rating Actions
- Kensil to Replace Retiring Chokel as White Mountains Re CFO
- Flagstone Says No Madoff Exposure
- Aon Highlights ‘Emerging Risks’ for UK Businesses
- S&P Lowers XL and Operating Companies Ratings; Outlook Negative
- Aspen to Open Australia Branch
- Zurich Reorganizes Irish Subsidiary
- UK Accountants Could Face Legal Actions, Higher Premiums, Says Marsh
- Belgium to Appeal Freeze on Fortis Deal
- Ratings Recap: Exporters, MICO, Jupiter
- Fortis Shareholders Urge Belgium to Renegotiate Carve-up
- Ironshore Completes Marine Re Asset Purchase
- Aon Names Finnamore for Risk Management in Far East, Asia, Australia
- Best Rates Liberty Mutual Europe ‘A’
- Max Cap Says ‘No Known Exposure’ to Madoff Funds
- XL Comments on Market Rumors
- Lloyd’s Releases New Three-Year Strategic Plan
- EU Edges Closer to Climate Change, Stimulus Deals
- Zurich Concludes Partnerships with 3 Non-Profit Organizations
- AIG Promotes Mucerino, Thomas, Portalatin, Baugh at International Unit
- Willis Appoints Sampaio Brazil CEO
- Best Affirms Zurich Ratings; Revises Outlook to Stable
- Best Affirms Max Capital Ratings; Revises Outlook to Positive
- International Union of Marine Insurance Issues New Piracy Warning
- S&P Finds European Insurance Holds Up Despite Market Conditions
- S&P Affirms ING Ratings; Outlook Revised to Negative
- Willis Research Scientists Unveil ‘Groundbreaking’ Hurricane Models
- AXIS Capital to Acquire Managing General Agent Dexta
- AIR Updates Earthquake and Typhoon Models for Japan
- Marsh Launches Public Sector Practice for Scotland
- Ratings Roundup: Mapfre, Ghana Re
- AXA, Metlife, Prudential, China’s CIC in AIG Talks
- Lloyd’s Welcomes NAIC Proposals on Reinsurance Regulation Modernization
- NAIC to Examine Proposal to Modify Reinsurance Collateral Requirements
- Swiss Re Sees ‘Severe Recession;’ Insurers Should Preserve Capital
- Ambitions for 2009 UN Climate Pact Fade in Poznan
- Best Says Flagstone Re’ ‘A-‘ Ratings ‘Unchanged’
- ‘Made in China’ Label Battered by Product Contamination Scandals
- Irish Pork Recalled in Dioxin Scare
- Willis’ CEO Praises Risk Managers as Potential Financial Crisis Heroes
- S&P Affirms Allianz Mexico Ratings; Outlook Stable
- Ratings Recap: HDI (Italy), Provident, Polish Re, Arab Insurance Group
- Foreign Companies Review Security after Mumbai Attacks
- Marsh Warns EU Companies of E&O Risks from Chemical Regulations
- Ace Europe Names Duncan to Head P/C Unit in Ireland
- Fitch Announces Rating Actions on AIG’s Latin American Subsidiaries
- Ratings Recap: China Ins (NZ), Wagram (EDF), Ecclesiastical, Ansvar, Russian Re, ZEP Re
- Everest Re Names Jones Pres., COO; Gallagher Vice-Chair CUO
- Aon Launches ‘Loss of Earnings’ Piracy Insurance Policy
- Hiscox to Expand US Business
- Max Capital Issues Investment Update
- Kingsway Sets Shareholders’ Meeting to Vote on CEO’s Removal
- Lloyd’s Names Eutebach Market Relations Manager – Germany, Austria
- Catlin Strengthens Product Recall Teams in Sydney, London
- Swiss Re sigma Report Analyzes Emerging Markets, Takaful
- Best Affirms Amlin and Lloyd’s Syndicate 2001 Ratings
- UK’s Chartered Insurance Institute to Hold Counter Terrorism Workshop
- Partner Re Raises Ike Loss Estimates
- Marsh Sees Recession as Creating Opportunities for UK Companies
- Aon Launches New Global Specialty Business Unit
- S&P Raises Hiscox (UK) Ratings to ‘A’; Assigns Stable Outlook
- Zurich Closes Brazil Acquisitions
- Ratings Recap: Eureko, Steamship, QBE (Notes), SOLID
- Fairfax to Buy Rest of Northbridge for $550 Million
- Best Releases Study of Asian Insurers
- Insurers Ponder Risk of Encouraging Trees to Fight Global Warming
- Munich Re Chairman Sees Improving Results in 2009
- China Insurers Dodge Financial Crisis Bullet, But Risks Loom
- S&P Analyzes Nat Cat Market
- New Willis UK Community Broker Network Signs Up First 10 Members
- AIG Agrees to Sell Private Bank to Dubai’s Aabar Investments PJSC
- IAG increases Stake in Malaysian General Insurer AmAssurance
- Best Affirms White Mountains and Subsidiaries Ratings
- RenRe’s WeatherPredict Acquires Assets of Commodity Hedgers
- Unibanco, AIG in Joint Repurchase Plan of Brazilian Joint Venture Shares
- ACE Europe Names McKellar Director for Scotland
- Aon Appoints Lawson to Head UK Trade Credit
International & Reinsurance News Archives
