International & Reinsurance News for March 2010
- Irish Financial Woes Dominate Discussion, Country’s #2 Insurer Taken Over
- El Nino to Influence Climate to Midyear
- 153 Remain Trapped in China Mine
- Irish Regulators Place Quinn Insurance Under Bankruptcy Protection
- Willis Group Donations for Haiti Top $400K
- Willis: Cat Losses in Q1 2010 Deliver Worst Ever for Reinsurers
- Relatives of Air France Crash Victims Sue in U.S.
- Lloyd’s CEO Richard Ward on a Successful Four Years
- Buffett Increases Stake in Munich Re to Nearly 8%
- Catlin Estimates Impact of Chilean Quake, Windstorm Xynthia
- UK’s Miller Enhances North American Property Capability
- Report AIA Senior Executives to Quit Before Prudential Takeover
- Violent Storm Hits Perth with Power Cuts, Flood and Hail Damage
- RMS to Collaborate with Asia Capital Re to Enhance Asian Cat Models
- Lloyd’s Posts 2009 Profits of $5.8 Billion
- London Science Museum Goes Climate Science Neutral
- Argo Group Estimates Q1 2010 Cat Losses at $25 to $35 Million
- EU Trade Chief Says U.S. Must Make First Move to Restart Doha Round
- Lack of Winter Snow Raises Canadian Forest Fire Concerns
- Ratings Recap: AXIS (notes), Jasindo
- Marsh Sees More IPO’s Fueling Demand for Prof. Liability Coverage
- AXIS Capital Prices $500 Million in Notes; S&P Assigns ‘A-‘ Rating
- Carter to Join Guy Carpenter as Vice Chairman – International Operations
- Volcano Erupts in Iceland, Hundreds Evacuated; Airspace Closed
- UK Risk Managers Warn of Harm to Business in New Solvency II Proposals
- UK Government Scraps Compulsory Dog Insurance Plan
- Cheng Joins Miller Singapore
- Tropical Cyclone Shuts Australia Coal Port, Threatens Sugar Fields
- WTO Needs ‘Political Miracle’ to Conclude Doha Deal in 2010
- Marsh: Environmental Liability Concerns Top Risk Management Agenda
- SCOR’s Preliminary Quake, Storm Loss Estimates Around $130 Million
- XL Estimates Chile Quake, Xynthia Losses at $160 to $230 Million
- Bermuda Concludes Cooperation Agreement with Swiss Regulators
- AXA to Delist ADS Shares from NYSE
- Big EU Insurers Pass Stress Tests
- Higgins Joins Miller Facultative
- CCRIF Considering Need to Expand Coverages after Haiti Quake
- Ratings Roundup: Middle East, China Taiping, LAWPRO
- Bermuda (Re)Insurance Association Releases Members’ 2009 Results
- Allied World Announces Executive Promotions
- Swiss Re ‘sigma’ Study: Insured 2009 Disaster Losses Cost $26 Billion
- Hiscox Estimates, Chile Quake, Xynthia Losses at $151 Million
- ACE Bermuda Names Jabon, Bacon for Professional Lines
- Zurich Considering New China Life Fundraising; Future P/C Growth
- FERMA Concerned about ‘Excessive’ Solvency II Capital Proposals
- Strong Quake Rocks Central Japan
- Windstorm Xynthia Losses Near $2 Billion: EQECAT Update
- Rivaz to Take Over from Kramer as Ariel Holdings CEO
- PartnerRe Prices $500 Million Sr. Notes: S&P Assigns ‘A’ Rating
- Lonmar Global Risks Launches in London
- Catlin Arctic Survey 2010 Explorers Begin Sea Ice Mission
- Ratings Recap: GIC India, Top Layer Re, AIA (Australia), PartnerRe (notes)
- Best Affirms RenRe Holdings, Operating Companies Ratings
- Marsh Names Sammeroff to lead UK Real Estate Development Team
- RenRe Gives no Quake, Storm Loss Figures, But They May be ‘Significant’
- Chile’s Mines and Refineries Escape Damage from Aftershocks
- China Tells United States to Do More on Climate Change
- Mandatory Microchips, Insurance Proposed for UK Dogs
- Everest Re Estimates Chile Quake Loss at $225 Million; Xynthia $25 Million
- RSA Acquires Renewal Rights to TrygVesta’s Marine Portfolio
- Lloyd’s Chairman Visits Japan, So. Korea; Urges Closer Ties
- Fitch Holds Conference on China’s Life, Non-Life Insurance Sectors
- Zurich Picks Perritaz to Replace Howie as Asia-Pacific/Middle East CFO
- Aftershocks Rattle Chile, as New President is Sworn In; RMS Analysis
- U.S. Trade Rep Describes Doha WTO Deal as Doubtful in 2010
- Swiss Re Estimates Chile Quake Loss at $500 Million; Xynthia $100 Million
- China and India Endorse Copenhagen Climate Change Agreement
- Reinsurers Say $4 to $7 Billion Chile Quake Loss ‘Unlikely’ to Raise Rates
- Ratings Recap: Swiss Re (Cat Bond), Transmonde, Sagicor, Bahamas First
- Bermuda Insurers, Reinsurers Oppose State Cat Fund Bill – HR 2555
- PartnerRe Gives Loss Estimates for Chile Quake, Windstorm Xynthia
- European Union to Issue Climate Warning; Tackle CO2 Loopholes
- UK’s Jubilee Agency to Underwrite Amateur Auto Race Drivers
- Aviva Exec Says Prudential/AIA Deal Creates Opportunities for Rivals
- Rising Rivers Flood Rural Australian Towns
- UK’s Met Office ‘Confirms’ Greenhouse Gas Role in Climate Change
- Keeble Joins ACE UK Environment Team
- Quake Hits Eastern Turkey; 58 Reported Dead; RMS Analysis
- Countries Raise Security in Malacca Strait after Terror Warning
- Death Toll from Chilean Quake ‘Unclear’ Says Government
- S&P Analyzes EU’s Proposed Solvency II Regulations on ‘Hybrid Capital’
- Singapore GIC, Qatar to Underwrite Part of Prudential’s Rights Offer
- Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
- Fitch Sees Chile Quake Losses Unlikely to Impact P/C Insurance Ratings
- CRM Holdings Reports $19 Million Net Loss in Q4
- Maritime Terrorism Could Have Global Economic Impact
- Magnitude 6.4 Earthquake Shakes Taiwan; AIR, EQECAT Analysis
- Max Capital to Merge with Harbor Point; Conference Call Today
- Rate of Glacier Melting May be Key Clue to Tracking Climate Change
- Prudential and AIG Execs Selling AIA Deal to Asia Staff
- AIR Updates Analysis of Damages from Chile Earthquake
- S&P Affirms Max Capital and Harbor Point Ratings
- Best Places Max’s Ratings on Positive Review; Harbor Point Unchanged
- El Nino Dissipating, But May Linger Through 2010
- Chile Steps up Search for Victims in Quake-hit Areas
- I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes
- AIR Estimates Windstorm Xynthia Insured Losses at $2 to $4.1 Billion
- Windstorm Xynthia Leaves a Trail of Destruction; RMS Analysis
- Catastrophe Firms Analyze, Estimate Losses from Chilean Quake
- S&P Puts ‘the Pru’ on CreditWatch / Negative on AIA Acquisition
- Ratings Recap: AIA/AIAB, SOVAG, Coface, PhilNaRe, Generali Rueck
- A Rundown of Anti-piracy Tactics Employed by Bulk Cargo Ships
- ‘Great Earthquake’ Strikes Chile; 700 Dead; 2 Million Affected
- Buesnel to Join Jubilee; Loucaides Named Development Director
- 50 Deaths Reported as Powerful Storm Strikes Europe’s Atlantic Coast
- Pru-AIG’s AIA Life Marriage Makes Strategic Sense But Carries Risks
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