International & Reinsurance News for March 2011
- Rating Agencies Might Stop Reports Due to EU Threats Say Sources
- Cooper Gay Swett & Crawford Posts Combined Results; EBITDA $68 Million
- Jacobson Group Expands into International Marketplace
- AIR Releases New Northwest Asia-Pacific Area Wide Typhoon Model
- Liberty Mutual Authorized to Establish Guangdong Branch
- Willis Re: Japan Quake Not Enough to Turn Soft Market
- Lloyd’s ‘Confident’ It Can Cope with Japan Claims
- Cat Bond Investors Braced for Japan Disaster Hit
- Report: Engineers Knew Tsunami Could Overwhelm Fukushima Plant
- Best Puts Omega’s Ratings on Review/Negative; Syndicate 958 Unchanged
- Lloyd’s Annual Report: $3.5 Billion 2010 Profit; ‘Solid’ Says CEO
- U.S. Business Group Says Doha Round Hopes Fading
- 2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
- Piracy: Enough is Enough Say Shippers as They Seek Government Help
- Ironshore Canada Launches Specialty Casualty Division
- S&P Puts Montana Re Cat Bonds on CreditWatch Negative after Japan Quake
- Japan Reinsurance Prices Should Rise 50%: Analyst
- Chartis Receives High Response for Fuji Fire Share Offer
- IFRIMA Joins Call for Brazil to Rollback Insurance Law Changes
- Liberty Mutual Brazil Syndicates Expand Presence
- AIR Worldwide Estimates Japan Insured Losses up to $30 Billion
- S&P: Outlook Negative on 9 Japanese P/C Insurers; Ratings Affirmed
- Ratings Roundup: Topiary (Cat Bonds), Cardif, AMI, PhilNaRe
- Swiss Re Gives Proposals for Next AGM
- UK China Ambassador Opens Lockton’s Beijing Branch Office
- Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations
- Best Comments on First Asian Based Captive Rating
- XL Re Teams with Aon Benfield to Implement E-commerce Messaging
- Allianz Nat Cat Analysis: Economic Growth a Major Factor for Increased Losses
- UK Insurers Support Corporate Tax Reduction; Budget for Growth
- Insurer Shares Relatively Unaffected by Japan Damage Estimates
- Guy Carp to Develop Agriculture Microinsurance for Mozambique Farmers
- Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
- Hannover Re Estimates Japan Quake, Tsunami Losses at $355 Million
- Japan Govt. Estimates Quake, Tsunami Damages at $185 to $308 Billion
- Platinum Estimates NZ Quake, Aus. Flood Losses at $160 Million; Assessing Japan
- Best Places Topiary Capital Debt Rating under Review/Developing
- London Broker Sees Some Libya Claims, but Situation is Unclear
- AXIS Estimates NZ Quake, Aus. Flood Losses at $275 to $315 Million
- BIBA Calls for Realistic Regulation of UK Brokers
- Japan Disaster Shows up Flaws in ‘Just-in-time’ Production
- EU Prods China to Relax Restrictive Bank Ownership Rules
- Euler Hermes, China Pacific Team up to offer Trade Credit
- Ratings Roundup: NAGICO, Transmonde
- S&P Says Rating Actions on Japan Insurers Unlikely
- Wilkinson to Lead Willis’ Realigned International Business
- Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter
- Alliant Issues New Report on Insurable Risks in 175 Countries
- Swiss Re Estimates Japan Earthquake, Tsunami Claims at $1.2 Billion
- FERMA Calls for Withdrawal of New Brazilian Reinsurance Regulations
- MDS Acquires 50% Stake in Portuguese Auto Insurance Specialist
- Marsh Warns Japan Disaster Could Disrupt Global Supply Chain
- Airbus Placed Under Investigation over Rio-Paris Crash
- Lloyd’s Chaucer Lowers NZ Quake, Aus. Flood Loss Estimates; Assessing Japan
- Everest Re Puts NZ Quake Losses at $140 to $210 Million; CEO Comments on Japan
- Endurance Estimates $15 Million Aus. Flood Loss; $45 Million NZ Quake
- Alterra Gives Estimates Aus. Floods, Cyclone Yasi, NZ Quake Losses
- Supply Chain Concerns Grow as Japan Lacks Parts, Power, People
- EU Regulator: ‘No Major Threat’ to Europe’s Insurers from Japan Crisis
- Shipowner Calls for Suez Canal Boycott over Pirate Threat
- Global Fears Mount as Japan Takes Desperate Measures to Cool Reactors
- EQECAT Updates Japan Quake/Tsunami Analysis; Insured Losses $12-$25 Billion
- Lloyd’s Insurer Kiln Enters Liability Market
- XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C
- RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn
- Best Report Notes Growth in Panama Insurance Market
- SCOR Gives Preliminary View on Japanese Natural Catastrophes
- Montpelier Re Estimates $75 Mn NZ Quake Losses; $15 Mn Australian Floods
- Aspen Appoints Calaiaro as Sr. VP – Investor Relations
- Canada’s Manulife Says Japan Exposure ‘Less than $153 Million’
- Best Comments on Rating Impact of Japanese Earthquake/Tsunami
- Debate Begins: Will Japan Disaster Raise Insurance Rates?
- Japan Scrambles to Pull Nuclear Plant Back from Brink of Disaster
- Fitch Ratings: Japan Quake/Tsunami Losses ‘Appear Manageable’
- Swiss Re Reaffirms Commitment to Japanese Market
- Japan Recovery and Reconstruction Cost ‘at Least $180 Billion’
- Japan Quake/Tsunami Loss Estimates Continue to Hit Insurers’ Shares
- All Eyes on Reactor Vessel as Japanese Nuclear Crisis Worsens
- Arch Estimates NZ Quake Loss at $35-$70 Million; Assessing Japan
- EQECAT Analyzes Specific Exposures from Japan Quake/Tsunami
- Lloyd’s Statement on Japanese Earthquake/Tsunami
- Commentary: The World Responds to Japan’s Agony
- Aflac CEO Says Exposure to Japan Quake/Tsunami is ‘Limited’
- Credit Suisse Estimates Japan Economic Losses at $171 to $183 Billion
- Analysts Describe Quake/Tsunami Impact on Japan’s P/C Insurers as ‘Limited’
- “Unexpected Nature” of Japan Quake Complicates Insured Loss Estimates
- $35 Billion Japan Quake Cost Estimate Weighs on Insurers
- AIR’s Japan Quake/Tsunami Insured Loss Estimates: $15 Billion to $35 Billion
- RSA Appoints East as New Managing Director of Al Ahlia Insurance
- Kane to Acquire HSBC’s Insurance Management Operations
- WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled
- Insurers’ Share Prices Fall on Japan Earthquake News
- Guy Carpenter Selected as New CCRIF Placing Broker
- UPDATE-2 Huge Quake Triggered Tsunami Kills 100’s in Japan; Pacific on Alert
- Lloyd’s Opens New Office in Rotterdam
- Ratings Roundup: Arab Union, GBG
- Damage Claims Threaten Munich Re’s 2011 Profit Goal
- Catlin’s preliminary NZ Quake Loss Estimates app. $125 million
- XL Estimates NZ Quake Losses at $70 to $85 Million
- Aon Risk Solutions Beefs Up, Restructures UK Professions Team
- Hannover Re Posts 2010 Growth as Net Income Tops $1 Billion
- Aon’s Electronic Media Forum, to Tackle Digital Credit Control Strategies
- ABI Selects Thoresen as New Director General
- S&P: EU Ruling on Gender Discrimination Likely to Have a ‘Neutral’ Effect
- Lloyd’s Tackles Mardi Gras Risks
- FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions
- Best’s Special Report Analyzes EU’s Solvency II Impact on Ratings
- MDS Holdings Launches HERCO Portugal
- QBE Completes Acquisition of RenRe’s U.S. Insurance Operations
- Guernsey Banking Director Quick to Succeed Colton as Insurance Director
- Suspected Colombian Rebels Kidnap 23 Local Oil Workers
- SCOR Reports 13% 2010 Net Income Gain to $582 Million
- ING to Repay 70% of Dutch State Aid by May 2011
- UN’s FAO Notes Climate Change, Biofuels Threaten Food Security
- Zurich Promotes Huerlimann to CEO-Global Corporate
- Taiwan Regulator to Rule on AIG Taiwan Unit Sale By End of First Half
- Insurance Council of Australia Supports National Disaster Insurance Review
- London Ship Insurers Add Libya to ‘High-risk’ List
- Markel International Expands in Spain with Barcelona Office
- Ratings Recap: Risk Re, Argus
- Aon Benfield’s Cat Report Highlights NZ Quake, Cyclone Yasi
- Berkshire Hathaway Enters India Insurance Market
- Best Places New Zealand’s Civic Assurance Ratings under Review
- Stempel to Manage New Crawford Office in Panama
- Best Comments on Impact of Christchurch Earthquake on New Zealand P/C Insurers
- Markel Appoints James to North American Property Treaty Reinsurance Team
- Tokio Millennium Re Receives Authorization for Australia
- Lloyd’s Market Association Issues Statement on Middle East Unrest
- JLT Sets up Japan Subsidiary
- Zurich Closes Sale of Unnim in Spain
- Crawford & Co. Completes Studio Bolton Acquisition
- Swiss Re Estimates Christchurch Quake Claims at App. $800 Million
- Climate Change to Drive up Food Prices
- ABI Describes EU Court’s Ban on Gender Use as ‘Disappointing’
- Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers
- Ratings Recap: Eurasia, Energas, Compania Internacional
- Chang Named Starr Casualty, Greater China Underwriting Manager
- S&P: Capital Remains ‘Key Rating Consideration’ for Multiline Insurers
- Zurich Reduces New China Life Stake to 15%
- QBE Group Posts $1.278 Billion 2010 Net Profit; $1.168 Billion Underwriting
- Validus Comments on NZ Quake Loss Estimates; Q1 Loss Activity
- Flagstone Re Estimates $60-$80 Mn in Queensland Losses; NZ Quake in Process
- EU Court Rules Insurers Cannot Link Risks to Gender
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