International & Reinsurance News for November 2010
- Catastrophes Cost World $222 Billion in 2010: Swiss Re
- AXA Sues ING in New York over 2008 Mexican Insurance Sale
- DIMA Clarifies S&P Ratings Bulletin on Ireland Debt, Re/insurers
- Best Affirms ‘A’ Ratings of NIPPONKOA Insurance Company
- US Sees Progress in Easing Climate Change Row with China
- CNA Canada Updates Global Master Policy
- France, Germany Say Euro Saved; Investors Remain Skeptical
- UN Climate Talks Seek to Bridge Rich-Poor Divide
- Ireland, EU Conclude $113 Billion Bailout
- Canada Revenue Agency Confirms Barbados Insurers Exempt Status
- Cooper Gay Restructures Marine Reinsurance Team
- Willis Marine Review Concludes Surplus Capacity ‘Defies Logic’
- Aon Benfield Launches New ‘ReMetrica’ Model for Solvency II
- S&P Revises Outlook on XL Group to Stable; Affirms Ratings
- UK MGAs Gather to Support New Managing General Agents’ Association
- UN Agency Concludes Greenhouse Gases at Record Levels
- Newly Formed Aliseo Re Enters Global Retrocession Market
- European Union Faces Both a Debt and a Communication Crisis
- Ratings Recap: Oil Casualty, Bison, East Africa Re, Kenya Re
- FERMA, BIPAR Conclude Business Intermediary Transparency Protocol
- Swiss Re: Investment Managers Face ‘New, Challenging Environment’
- Melting Siberian Permafrost Raises Tricky Climate Issue
- 10 Alleged Somali Pirates Go on Trial in Germany
- AIA Group Loses 2nd Senior Executive in a Week
- North Korea Shells South in Fiercest Attack in Decades
- Source Says Bids for AIG’s Taiwan Unit Seen as Early as December
- Markets, Partners Relieved as EU, Ireland Form Rescue Plan
- ABI Highlights Insurers’ Role in Helping Cumbria Flood Victims
- Allianz Warns Climate Change Could Hit Harder than Financial Crisis
- UK’s Football Ass’n.Insurers to Cover Star Player’s Wages after Injury
- RatingsRounup: Allied World (Notes), ZEP-Re, Evergreen Re
- Best Upgrades Zurich’s Ratings to ‘A+’
- New Zealand Coal Mine Blast Traps 27 Miners Underground
- UN Cancun Climate Talks Must Solve Forest Carbon Riddle
- Starr & Co Appoints Breeck as Head of Casualty for Germany
- Best Removes Bahamas First Gen’l., Cayman First Ratings from Review
- Best, S&P Put RenRe’s U.S. Operations under Review/Negative
- ‘Recruitment Scam’ Hits Lloyd’s; Warning Issued
- RenaissanceRe to Sell U.S. Insurance Operations to QBE
- Qantas Says Global A380 Fleet Needs to Replace up to 40 Engines
- Best Affirms Aioi Nissay Dowa ‘A’ Ratings; Outlook Stable
- CCRIF Details Payments to Members for Tropical Cyclone Tomas
- Hong Kong Broker Houlder Insurance Joins Assurex Global
- EU to Give Insurance Industry More Time to Prepare for Solvency II
- Aon Benfield Warns on Perils of European ‘Uncommon’ Storm Tracks
- Lloyd’s Comments on Approaching Implementation of EU’s Solvency II
- AIA Loses Key Exec. After IPO
- Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis
- Reinsurance Broker UIB Asia to Use AIR Catastrophe Models
- AXA Seminar Details Growth, Capital Management Strategy
- Willis Appoints Lack Executive Director of Downstream Energy Team
- Zurich Sells Stakes in Spanish Life and P/C to Unnim
- Hardy Rejects New Offer from Beazley
- Decades of Data Show Troposphere Is Warming Too
- Countries Finalize Anti-counterfeit Trade Pact Text
- RMS Appoints Weinthrop VP for Client Development in Europe
- Death Toll from Indonesian Volcano Eruption Passes 240
- Zurich Report Urges Truck Fleets to Reduce Crashes with ‘Telematics’
- Willis Appoints Two New Regional Managers to UK Broker Network
- Best Affirms AXIS Specialty, AXIS Capital Ratings; Outlook Stable
- Best Assigns Aioi Insurance Company (China) ‘A-‘ Rating; Outlook Stable
- Stability Board Says ‘Much Work to be Done’ to Secure Financial System
- Best Affirms Ratings of Lloyd’s Syndicate 609 (Atrium); Outlook Stable
- Ratings: Global Indemnity/Wind River Re, Connaught, Tugu Triple-S Propiedad, Arab Re
- Canada, China Reach Agreement on Insurance Investment
- BrokersLink Appoints Casanueva to Board of Directors
- Crawford Italy in Potential Acquisition Discussions with Studio Bolton
- Catlin’s Interim Statement Highlights Premium Gains
- Rolls Royce Engine Scare Highlights Wider Aerospace Risks
- Outcome of G20 Summit in Seoul
- Key Facts and Provisions of U.S.-South Korea Trade Deal
- EU Safety Regulator Orders A380 Engine Inspection
- World War I Remembered; Could it Have Been Different?
- Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
- Best Affirms Lloyd’s Syndicate 570 (Atrium) ‘A’ Ratings; Outlook Stable
- Aon Finds Business Interruption Demand Grows, but Insurers Back Off
- ING Plans Europe, U.S. Insurance IPOs
- Willis’ FINEX Appoints D&O, Professional Liability Lawyer as Director
- Best Affirms Hiscox Operating Companies ‘A’ Ratings; Outlook Stable
- Best Affirms Lloyd’s Syndicate 33 (Hiscox) ‘A’ Ratings; Outlook Stable
- Allianz Posts Strong Q3 Growth; Operating Profit up 2.3% at $2.9 Billion
- Aon Stresses Actuaries ‘Critical Role’ for Emerging Risks
- Munich Re Raises FY Profit Forecast on $2.72 Billion 9-Month Results
- Report AIG to Sell Asia Real Estate Business to Invesco
- Ireland Unveils New, Tougher Regulations for Banks and Insurers
- Zurich to Redeem $1 Billion in Debt
- Best Affirms Generali’s ‘A+’ Ratings; Outlook Stable
- Marsh Signs Exclusive Agreement with Iraqi Broker
- Seek U.S. Markets ACE UK Tells British Business, but Be Careful
- Cooper Gay Targets U.S. Casualty Business with London Appointment
- New Solar Cycle Poses Potential Disruption Threats Warns Lloyd’s
- Somali Pirates Release South Korean Tanker after Ransom Payment
- Fear of Volcanic Ash Leads to Flight Cancellations to Jakarta
- Qantas Grounds A380s for 3 More Days to Inspect Engines
- Ratings: First Capital, First Net, Trinidad & Tobago Ins., Harmony General
- Arc Legal to Offer Specialist Legal Protection for Air Crew
- Validus Posts $238.5 Million Q3 Net Income; $300 Million for Nine Months
- Travelers to Acquire Interest in Brazilian Surety Specialist J. Malucelli
- Somali Pirates Hijack Ship with 20 Passengers Aboard
- EU Regulator Flagged Potential Rolls-Royce Engine Problem in August
- Tomas Regains Hurricane Strength; Soaks Haiti Refugee Camps
- Aspen Appoints Beer to Board
- PartnerRe Reports $525 Million Q3 Net Income; $282 Million Operating
- Swiss Re Q3 Net Income Doubles at $618 Million; Berkshire Loan Terminated
- Lloyd’s to Open Russian Office
- Qantas Grounds A380s after Engine Failure Causes Emergency Landing
- XL Posts $77.5 Million Q3 Net Income; $175 Million Operating
- Argo Group Q3 Net Income $23 Million; $25.7 Million Operating
- French Reinsurer SCOR Group to Back New Lloyd’s Syndicate
- Zurich Posts $1.2 Billion Q3 Operating Profit; $751 Million Net Income
- Consolino Named Validus President; Will Continue to Serve as CFO
- TS Tomas on Track to Strike Haiti, Jamaica; May Gain Strength
- Liberty Mutual to Establish Joint P/C Venture with India’s Videocon
- Esser to Assume Additional Role at Cooper Gay, as Summers Resigns
- Alterra Capital Posts $82.8 Mn. Q3 Net Income; $222.7 Mn 9 Months
- Montpelier Re Reports $90 Million Q3 Net Income; Operating $61 Million
- Best Revises Hannover Re, Subs Outlook to Positive; Affirms ‘A’ Ratings
- Lloyd’s Royal British Legion Branch Hopes for $242,000 on ‘Poppy Day’
- Swiss Re Structures $386 Million ‘European Windstorm’ Notes
- Lloyd’s Warns of Contamination Hazards from Chinese Food Imports
- Flagstone Reports $37.3 Million Q3 Net Income; $82 Million for 9 Months
- AXIS Capital Reports $239 Million Q3 Net Income; $164 Million Operating
- Whitaker Named Sr. VP of Marsh Global Market Relationship Team
- Rogers to Lead Marsh ProBroker; Reid is Commercial Underwriting Mgr.
- ABI Comments on Report on Lawyers Professional Liability Coverage
- S&P Sees No Effect on AXIS’ Ratings from Change in CFO’s
- Canadian Insurers’ Earnings Results Seen Stronger, but ‘Messy’
- CCRIF Estimates $12.8 Million in Caribbean Losses from Tomas
- Endurance Promotes Anderson to Sr. VP
- Guernsey Signs Tax Information Exchange Agreement with China
- Zurich Finalizes Acquisition of Indonesian Life Insurer
- Haiti Braces as Hurricane Tomas Roars through Caribbean
- Best’s Katsipis Views on Reinsurance, Solvency II and U.S. Equivalence
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