International & Reinsurance News for February 2011
- S&P Announces Rating Actions in Wake of Bahrain Unrest
- Hiscox Posts Good Earnings, Despite a ‘Difficult Year’
- Ritchie to Head New Argo Int’l. Paris Branch Office
- Best Affirms Endurance Specialty and Subs ‘A’ Ratings
- Aon Benfield Analyzes Chile Quake ‘One Year On’
- Ratings Recap: Zurich/Santander, Jasindo
- PartnerRe Makes Changes in Catastrophe Business Unit
- ‘Worsening Weather, Better Forecasting’ Could Prompt Force Majeure Changes
- A.J Gallagher to Acquire UK Agency Woodbrook
- New Zealand Quake Toll Rises as Hope Fades for Survivors
- Ratings Recap: Aegon, Grafton (Europe), AGA, Inbursa, Malayan
- RSA Posts Strong Results Despite Extreme Weather
- Willis’ Global Markets-International Names Wemyss CEO
- New Zealand May Use Cat Bonds to Recapitalize Disaster Fund
- Austen to Head Cooper Gay Singapore Brokerage Operations
- New Zealand Estimates Quake Toll at 98, Many More Missing
- RBS Recovery Undermined by Irish Losses
- European Insurers Dogged by Fresh Capital Fears
- Chartis Increases Construction Project Capacity to $125 Million
- Insurers May Face $3.5-$8 Billion New Zealand Quake Hit
- Aon Benfield Pushes for ‘Simplified Internal Model’ for Solvency II Approval
- Zurich in $1.67 Billion Deal with Santander for Latin American Distribution
- New Zealand Quake Kills at Least 65; Race to Reach Trapped Victims
- Iran Oil Tanker Operator Says Ship Insurers Decline to Renew Coverage
- UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment
- Argo Group Q4 Net Income Drops to $12.8 Million, FY to $82.6 Million
- Willis UK Broker Networks Add Six New Members
- Mitsui Sumitomo at Lloyd’s Expands Team; Hires Five Execs
- Aon Report Concludes P&I Clubs See Improvements on All Fronts
- Fairfax Financial Posts Q4 Loss on Investments
- AIG Taiwan Unit Sale Faces Union Hurdles
- Shippers Say Somali Piracy Threat Worsening by the Week
- Best Sees No Change in QBE’s Rating from Balboa Buy
- SCOR Sells U.S. Fixed Annuity Business
- Kidnap & Ransom: Negotiating Lives for Cash
- Swiss Re 2010 Net Income up on Buffet Loan Repayment, but Miss Forecasts
- Australia Weather Bureau Forecasts Reduced Risk from La Nina
- Study Finds Auto Insurance and Services Add Profits for Car Makers, Dealers
- Spencer to Replace Spiller as Argo International’s Non-Exec. Chairman
- Zurich Names Wright to Group Head of Human Resources
- Arch Capital Posts $227.7 Q4 Net Income; $816.7 Million Full Year
- Mercer Report Concludes ‘Trillions of Dollars at Stake’ from Climate Change
- Ecuador Court Orders Chevron to Pay $8.6 Billon; Company to Appeal
- Danish Warship Frees Ship Hijacked by Pirates
- Lloyd’s CEO in China Talks on Expansion
- S&P Reports Outlook for Int’l. Marine P&I Clubs is Stable
- Validus Group Posts $102.7 Million Q4 Net Income; $402.6 Million FY
- Endurance Reports $111.2 Million Q4 Net Income; $364.7 Full Year
- Alterra Capital Reports $79.7 Q4 Net Income; FY $302.3 Million
- Montpelier Re Posts $42.2 Million Q4 Net Income; FY $212 Million
- Correction: Zurich BOP Off 13% for 2010 at $4.9 Billion
- Munich Re Marine Head Warns Against Arms Race to Combat Pirates
- Long-range Somali Piracy Could Affect Insurance Costs, Conditions
- ICA Posts Revised Claims Figures for Queensland, Victoria Floods
- Everest Re Posts $257.8 Mn Q4 Operating Net Income; FY $518 Mn
- Ratings Recap: Westaim/Jevco, GCAN, Euro Arab
- Best Issues Ratings Announcements on Fairfax Subsidiaries
- PartnerRe Appoints Miranthis to Board of Directors
- Pirates Hijack U.S.-bound Oil Tanker off Oman
- Chartis Launches Tender Offer for All Shares of Fuji Fire and Marine
- Willis Reports $89 Million Q4 Net Income; FY $455 Million
- Swiss Re Urges Australia to Use Cat Bonds as Disaster Risk Rises
- Lockton Warns Europe Organizations are on ‘Borrowed Time’ for Data Breaches
- Catlin Group 2010 Profits Fall to $406 Million on Cat Losses
- Zurich BOP off 13% for 2010 at $4.9 Bn; Net Income $3.4 Bn
- Best Affirms Fairfax, Caribbean Re Subs Ratings
- S&P Revises Outlook on UK’s Aviva: Ratings Affirmed
- Aon Warns Companies in Middle East to Plan for More Unrest
- Willis Makes Changes in its Reinsurance, Wholesale & Placement Units
- Climate Skeptics Remain Unpersuaded by Extra-warm 2010
- XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million
- AXIS Capital Posts $264 Million Q4 Net Income; FY $820 Million
- RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases
- Hijacked Oil Tanker Headed towards Somalia
- Wild Weather Could Push Miners to Heed Insurers’ Warnings; Reassess Risks
- Aon Warns UK Businesses Face Threat from Environmental Legislation
- PartnerRe Hit by Cat Losses, Reports Decreases in Q4, FY Net Income
- Beazley Extends Global Environmental Underwriting to Pollution Coverage
- Aspen Posts 34% Drop in Net Income for 2010 at $312.7 Million; Q4 $92.7 Million
- Beazley FY Profits Top $250 Million
- Wildfires Destroy Homes in Western Australia
- Lloyd’s Warns of Increases in Fraudulent Claims
- Russia’s $3.6 Billion VTB Bank Roadshow Hooks Italy’s Generali
- S&P Puts AXA Insurance on CreditWatch After Ireland Ratings Downgrade
- BofA Sells Balboa Insurance Portfolio to Australia’s QBE
- AIR Estimates Yasi Insured Losses between $356 Million and $1.5 Billion
- Aon Benfield Monthly Cat Report Highlights Australian Floods, Brazil Landslides
- Australian Natural Disasters Spark Renewed Call Action on Climate Change
- ACE Reports Q4 Net Income of $1 Billion; $3.1 Billion Full Year
- S and P Lowers Aviva Insurance Ratings from ‘A+’ to ‘A-‘ After Ireland Downgrade
- Cyclone Yasi Spreads Destruction in Queensland, But No Deaths Reported
- No Comment from QBE on Report of Talks to Buy Balboa from BofA
- Munich Re Estimates 2010 Profits at $3.35 Billion
- ICC Says Impact of Counterfeiting/Piracy to Reach $1.7 trillion by 2015
- Aon Benfield Natural Hazard Centre Hosts African Workshop on Disasters
- Willis, Atlas Set-up Malta-based Insurer to Underwrite UK Auto Liability
- La Nina Helps Fuel Monster Australian Cyclone Yasi
- Cooper Gay Launches European Markets Integrated Trading Unit
- Willis Names Parker to Lead Global Service Centers in Ipswich and Mumbai
- Willis Appoints Capurro to Lead UK Utilities Practice
- Best Revises Arch Capital and Subs Outlook to Positive; Affirms Ratings
- Ratings Recap: Everest Re (Canada), Cologne Re (Ireland), Gulf Insurance
- Model Boasts Good Track Record Predicting Political Hotspots
- Egypt’s Troubles Mean Companies Need to Reassess Risk, Says Marsh
- Flood-ravaged Queensland Braces for Tropical Cyclone Yasi
- So. Korea Shipping Firm Re-routes Container Ships due to Egypt Unrest
- Queensland Hit by TC Anthony, Perth by TC Bianca – RMS Report
- GCube Expands Solar Capacity to Half a Billion Dollars
- AXA Acquires 80% Interest in B&B Insurance in Belarus
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