International & Reinsurance News for February 2009
- Former Swisslife CFO Accused of Embezzlement
- British Insurer RSA to Cut 1,200 Jobs
- UK Treasury Chief: Banks Must Clean Up, Rebuild
- Cooper Gay: Premiums Rise as Reinsurers Recover
- Report Urges Phased Reform of EU Financial Oversight
- AIG’s Hopes for Sale of Asian Life Unit AIA Rest With 3 Bidders
- Swiss Re Explores How Insurers Can Better Utilize Scenario Planning
- Guy Carpenter Receives Grant to Create Microinsurance Facility
- AIG Seen Willing to Give Up Majority Control of Asia ‘Jewel’ AIA
- China’s Dangerous Mines: 74 Die, 114 Injured in Latest Accident
- Kingsway Financial Loss Worse Than Forecast
- Willis Announces International Appointments in Global Placement Unit
- Guyana Insurer Blames Stanford Group for Losses
- UK’s Prudential Sells Taiwan Insurance Units
- France’s Winter Storm Klaus Property Losses Pegged at $1 Billion Euros
- Rynsard Named Senior Manager at Steamship Mutual
- BNP Paribas Has Q4 Loss; Braced for Tough Year
- Russia: Global Warming to Cause Droughts, Floods
- A.M. Best Downgrades Kingsway & Several Subsidiaries
- Aegon, L&G See More Defaults, Insurer Woes Continue
- Reinsurers Seem Ready to Flex Muscles, Raise Prices by Double-Digits
- Montpelier Re to Release Q4, FY Earnings Today; Conference Call Details
- RenRe Q4 Loss $44.6 Million; FY Income Drops 95% to $29 Million
- AIG to Sell Tokyo Building, Puerto Rico Hotel, Dubai Properties
- Markel Appoints Nilsson Claims Manager for Sweden
- Fitch Report ‘Remains Negative’ on Bermuda Insurance Market
- Validus Q4 Net Income Drops 73% to $37 Million; FY Net $53.1 Million
- Ratings Recap: Fuji Fire, Munich Re (Mauritius), Ballantyne Re
- Best Indicates 2008 Loss Won’t Affect Catlin Group’s Ratings
- Swiss Re CEO Aigrain Resigns; Lippe to Succeed Him
- S&P Affirms XL and Subsidiaries Ratings; Outlook Remains Negative
- Max Capital Posts $94 Million Q4 Loss; $175 Million FY Loss
- Willis Fourth Quarter Net Income Falls 35% to $62 Million
- Everest Re Posts $16.6 Million Q4 Net Loss; $18.7 Million FY Loss
- Validus Re to Release Q4, FY Earnings Today; Conference Call Details
- UK’s Serious Fraud Office to Probe AIG Financial Products Unit
- Everest Re to Release Q4, FY Earnings Today; Conference Call Details
- Australia’s Sportscover Offers Assistance to Insureds Hit by Bushfires
- Fitch Sets Out Ratings Evaluation Criteria Focused on Investment Crisis
- Validus Re Opens Singapore Office
- S&P: Fortis Insurance on Credit Watch, Negative; Holding Co./’Developing’
- XL Capital Posts $1.43 Billion Q4 Loss; $2.63 Billion Full Year
- S&P Lowers Kingsway’s Ratings to ‘B’; on CreditWatch/Negative
- Max Capital to Hold Earnings Conference Call Today
- Willis to Release Q4 Earnings Today; Conference Call Details
- Glencairn Forms Energy Division
- Storms Hit France, UK, Switzerland
- Australia Bushfies ‘a Climate Change Wake-up Call’ Say Experts
- Australia Police Declare Bushfire Disaster a ‘Crime Scene’
- Risk Management Solutions Issues Initial Report on Australia Bushfires
- AXIS Capital Q4 Net Down 57%; Full Year Declines by 66.7%
- XL to Announce Q4, FY 2008 Results Today; Conference Call Details
- Ratings Recap: NEMI, United, swisspartners
- Australian Bushfires Kill 131, Dozens More Missing
- Thai Bank Acquires AIG Bank, Card Business; S&P: ‘No Rating Change’
- Lloyd’s Community Program Celebrates 20th Year
- AXIS to Release Q4, FY Earnings Today; Conference Call Details
- Kingsway Insurance Warns of Loss; Vows to Restructure
- S&P, Best Put Swiss Re’s Ratings on Negative Credit Watch
- Lloyd’s Makes Appointments to Council and Franchise Board
- UN Secretary-General Says Domestic Politics Undermine Climate Fight
- Aspen Reports Q4 Profits Down 83.9%, 78.8% Full Year
- Willis Survey Finds Increasing Litigation Risk for UK Financial Firms
- Allied World Q4 Net Income Down 83.9%; Full Year Drops 60.8%
- Swiss Re to Post $862 Million 2008 Net Loss; Buffett to Invest $2.6 Billion
- Willis Forms Global Placement Entity
- S&P: Irish Non-Life Market-‘Testing in 2009’, But ‘Fundamentally Robust’
- Best Comments on ING Canada Sale
- S&P Withdraws, Affirms Ratings of Several ‘Minor AIG Subsidiaries’
- Zurich Reports $3 Billion 2008 Net Income; Operating Profit $5.2 Billion
- PartnerRe Q4 Net Drops 52% to $95.3 Million; FY Down 94% to $46.5 Million
- ACE Q4 Net Income Drops 96% to $20 Million; $1.2 Billion Full Year
- S&P Foresees ‘Tough Times’ for Russian Insurers In 2009-2010
- Best Places Ironshore’s Ratings Under Review with Negative Implications
- Steamship Mutual Releases ‘Collision Course’ DVD
- Aspen to Announce Q4, FY Results Today; Conference Call Details
- Swiss Re Pays Price for Uncertainty
- ING to Sell Part of ING Canada
- Max Cap Names Spivak Bernstein Sr. VP – Investor Relations
- Ratings Recap: New Castle Re, Generali (Hungary), Allianz Risk Transfer
- S&P Raises AXIS and Subs Ratings; Outlook Stable
- S&P Withdraws Emerson Re Loan Rating; Other Ratings Unaffected
- DiSipio to Lead New AXIS Accident & Health Business
- Ratings: Swiss Re (Canada), New India, Transsib Re, HDI, Willow Re (Notes), Euro Arab
- ACE to Release Q4, Full Year Earnings Today; Conference Call Details
- Lockton Launches Outsourcing, Data Breaches Risk Management Service
- Best’s Solvency II Analysis Concludes Financial Crisis Impacts Insurers
- Marine Insurance Group Sees ‘Tough Times’ for Insurers
- S&P Takes Rating Actions on Aurora, Unipol, UGF Ahead Of Merger
- Argo Group Forms Casualty & Professional Risks Division
- Transatlantic Holdings Q4, Full Year Income in Sharp Drop
- PartnerRe to Release Q4, FY Earnings Today; Conference Call Details
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