International & Reinsurance News for April 2010
- Aspen Hit by Nat Cats as Q1 Net Income Falls to $18.3 Million
- Marsh Expands EMEA Trade Credit Practice; Smith to Lead Team
- EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk
- Max Capital, Harbor Point Shareholders Approve ‘Merger of Equals’
- ACE Posts $755 Million Q1 Net; Operating Income of $579 Million
- Zurich Expands Energy Units in Western U.S., Latin America
- Everest Re Posts $22.7 Million Q1 Net Loss; Operating Loss $73.8 Million
- Zurich Expands Global Market Capacity for Power Generation
- Aon Benfield Launches ‘MarketReView’ Reinsurance Platform
- Montpelier Re Q1 Net Income Hit by Chile Quake Drops to $9.9 Million
- RenRe Reports $165 Million Q1 Net Income; $116.5 Million Operating
- AXIS Posts $112 Million Q1 Net Income; $96 Million Operating Income
- Geneva Ass’n. Criticizes IMF’s ‘Stability Tax’ as ‘Contradictory’ for Insurers
- Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan)
- Arch Capital Reports $210.5 Million Q1 Net Income
- Aon Employs FAConnect Platform to Meet Facultative Chile Quake Demand
- EU Says Volcanic Ash Cost $2 to $3.3 Billion; Plans Airline Aid
- AIG Sale of Asian Unit AIA to Prudential Hits Snag
- Guernsey-Based Heritage Combines Two Protected Cell Companies
- Lockton Launches ‘Scope, Insurance’ for Surgery Outside of U.S.
- Best Plans Withdrawal of Canada Public Data Ratings; Will Maintain Interactive Ratings
- Chartis Forms Global Markets Division to Extend Passport Platform
- Marsh UK Adds HIBL Execs to Corporate Team
- Aon Report Concludes Aerospace Insurance Costs Continue to Decrease
- Transocean Says Insurance Covers $560 Million Oil Rig Loss
- Antigua ex-Financial Regulator Ordered Extradited in Stanford Case
- UK Insurers Call IMF Insurance Tax Proposals ‘Inappropriate’
- Zurich Estimates Chile Earthquake-related Losses at $200 Million
- Rivalry Haunts Prudential/AIA Integration
- FERMA Comments on EU’s New Block Exemption Regulations
- Lloyd’s ‘360 Report’ Examines Water Scarcity Threats to Business
- Ariel Re Names Hurst as CEO
- IronPro, JLT Facilities to Offer Legal Liability Coverages
- UK’s Brown Warns Banks of Compensation Claims
- Obama Memo Triggers Confusion Over Legality of Pirate Ransoms
- Why Economic, Market Risks of Ash Cloud Are Hard to Measure
- Flights Pick Up in Europe As Ash Risk Is Lowered
- Saudi Arabia Insurance Sector Poised for Growth
- Property, Agricultural Damage Not Major Concern from Volcanic Ash
- Flights Resume in Parts of Europe
- Chiquita Faces New $1 Billion Lawsuit by Colombian Families
- European Trade Chief Warns On Volcanic Ash Economic Impact
- If Ash Cloud Lingers, Economic Impact Could Rise Sharply
- UK’s Prudential Under No Pressure to Cut Price for AIG’s Asian Unit
- European Insurers Expect Little Hit from Volcano Fallout
- Italy’s Mt. Vesuvius Ranked as Europe’s Most Dangerous Volcano
- Icelandic Volcano Eruption Intensifies; Airline Travel No-Go
- Why Is Volcanic Ash a Threat to Planes?
- Death Toll from Southwestern China Earthquake Now at 300
- ACE Tempest Re Names Roberts Managing Director for International
- Report: Q1 Catastrophe Bond Market Sees Sustained Improvement
- ACE UK Launches Environmental Risk for Small to Mid-Sized Firms
- Global Reinsurers Enjoyed Solid Year in 2009, A.M. Best Reports
- How Microinsurance Plans Extend Healthcare in Africa
- Torus Names Smith to Launch Global Marine Practice
- Legal Uncertainty, Prisoner Releases Making Piracy Problem Worse
- Risk of Aging Europe Falls on Small Group of Pension Providers
- Rio de Janeiro Rescue Workers Hunt for Landslide Victims; 153 Dead
- Tower Australia Eyes AIA Insurance
- ACE Global Markets Makes Trade Credit Appointments
- 7.8 Earthquake Rocks Indonesian Island of Sumatra
- Earnings Pressure Encouraging Corporate Fraud in India: Survey
- South Korea Sends Destroyer After Pirates Seize Oil Tanker
- U.S. High Court Weighs Foreign Investors Suing in U.S. Courts
- Irish Re/Insurance Market ‘Holding up’ Despite Financial Crisis, Says DIMA CEO
- Marsh to Launch Service to Gauge Insurers Financial Strength
- Korean Oil Tanker Believed Hijacked by Somali Pirates
- Ratings Roundup: ASSA, Eurasia, Sung Hung Kai Properties
- Reyes Named as Zurich’s New Chief Investment Officer
- Piracy Insurance Premiums Take a Breather
- Lloyd’s Graduates First Student Group
- Willis Network Adds 6 New Members
- S&P Lowers AXA’s Ratings to ‘AA-‘
- Brockmann Named Marsh CEO for Latin America, Caribbean
- Marsh Warns New UAE Risk Mgmt. Rules to Impact Financial Sector
- S&P Revises Outlook to Stable on Zurich Operating Companies
- Marsh Completes Acquisition of HSBC Insurance Brokers
- FERMA Survey Polls Commercial Buyers for Feedback to Insurers
- U.S. Navy Captures 5 Pirates; ‘Mother Ship’
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