International & Reinsurance News for December 2011
- Willis Re Reports Jan. 1 Renewals Focus on Nat Cat Data
- Report: News Int’l. Ups Fund to Settle Illegal Hacking Claims to $155 Million
- Breast Implant Scandal Shows Regulators in Dark on Tracking Risks
- Guy Carpenter Analyzes 2011 Catastrophes; $108 Billion in Losses
- JLT Subsidiary Acquires Irish Broker FBD Insurance
- Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage
- ACE Acquires Ecuador General Insurer Rio Guayas
- November Storms in Southern Alberta Caused $195 Million Insured Loss
- Melbourne Storms Declared ‘Catastrophe;’ Full Year Insured Losses = $4.5 Billion
- Zurich Makes Two Investment Management Executive Appointments
- Scandinavia Hit Hard by Windstorm Dagmar AIR Reports
- ABI Seeks ‘Long Term’ Solution, Government Help to Cover UK Floods
- WTO Risks its Future by Keeping Doha Talks Alive
- Insurers Worry 2012 Will Top 2011 for Record Weather Disasters
- General Re Reported Interested in So. Korea’s Tong Yang Life
- Ratings Recap: Evergreen Re, Asian Re, Toa Re, Meritz
- Best Affirms Ratings of Sompo Japan and U.S. Subs; Outlook Stable
- Best Affirms Wind River Re, U.S. Subs Ratings; Outlook Stable
- Best Affirms NIPPONKOA’s ‘A’ Ratings; Outlook Stable
- Financial, Legal Woes Dogged Breast Implant Company
- Everest Re Estimates Thai Flood Losses at $100 to $125 Million
- Willis Report Highlights P&I Market’s Record Financial Results in 2011
- Ratings: Transsib Re, Tokio Marine Pacific, MAPFRE Panama, Union Nationale, Sovereign (NZ), Labuan Re, Tugu, ARIG
- QBE to Acquire Puerto Rico-based Optima Insurance Group
- FERMA Confirms Risk Managers’ Concerns with Supply Chain Insurance
- Best Affirms NIPPONKOA Insurance Company (Asia) Limited’s Ratings
- Willis President, Global Chairman Millwater to Step Down
- Spieler to Join Catlin as Group Chief Administrative Officer
- Best Affirms Beazley and Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings
- Best’s Rating Actions Spurred by EU Failure to Produce Debt Crisis Solution
- Beazley Confirms Interest in Acquiring Hardy Underwriting
- Tokio Marine to Buy Delphi Financial for $2.7 Billion
- Insurers May Open ‘Black Box’ Telematics to Escape Gender Ban
- Best Upgrades Swiss Re’s Ratings to ‘A+’; Outlook Stable
- Starr Expands Offerings Through Acquisition
- Ratings Recap: Brit, Ecclesiastical
- Best Affirms Lloyd’s Syndicate 2001 Ratings; Amlin AG, Amlin plc; Outlook Stable
- Swiss Re Sees Continued Emerging Market Growth; Profitability Squeeze
- AIR Analyzes Tropical Storm Washi’s Impact on Philippine’s Mindanao
- Storm Joachim Hits Northern Europe; AIR Sees No ‘Significant’ Losses
- IAG’s Malaysian Associate, AmG, Seeks to Acquire KurniaIAG
- Best Affirms Ratings of Inter Hannover UK; Outlook Positive
- Cat Assessment Firm PERILS Expands Coverage to Include UK Flood Risks
- Russian Oil Rig Sinks; More than 50 Feared Dead
- Best Places MAPFRE PRAICO Group’s Ratings on Review/Negative
- Flash Floods Kill More Than 530 in Philippines
- WTO approves Russia’s Membership after Marathon Meeting
- Ratings Recap: Aviva Canada, IRB-Brasil
- Best Affirms Aviva’s Ratings; Places them on Review/Negative
- Chevron Lawsuit Flags Brazil Investment Risks
- SCOR Estimates Thai Flood Losses at $185 Million
- Insurance Australia Group to Acquire New Zealand Insurer AMI
- IMF’s Lagarde Warns No Country is Immune from Rising Risk
- Best Downgrades Generali, Main Subs Ratings; Keeps on Review/Negative
- Best Downgrades MAPFRE RE’s Ratings; Placed on Review/Negative
- Best Places Ratings of Caisse Centrale de Reassurance on Review/Negative
- Liberty Mutual’s Guangdong Branch Opens for Business
- Best Downgrades Allianz and Subs Issuer Credit Ratings; Affirms FSR
- Swiss Re Estimates 2011 Economic Cat Loss at $350 Bn; Insured Loss $108 Bn
- Europe’s Austerity Zeal Risks Killing the Patient
- Regulatory Investigations Top Directors’ List of Concerns: Willis/Overy Survey
- Best Affirms West of England Ship Owners ‘A-‘ Ratings; Outlook Negative
- Munich Re Describes Climate Conference Results as ‘Disappointing’
- Willis Launches Global Insurance Placement Tool
- Hub International Enters Latin American Market with Harmonia Tie-up
- S&P Sees ‘Highs and Lows’ for Canadian P/C Insurers
- Ratings Roundup: BEST Re, BCRe, TUCI
- India’s Private Insurance Market Keeps Growing – Slowly but Surely
- Canada Pulls Out of Kyoto Climate Change Protocol; First Country To Do So
- Charman to Retire as AXIS CEO, President; Benchimol Chosen as Successor
- Navigators Launches International Defense Costs Coverage
- Northern UK, Scotland Battered by Windstorm Friedhelm: AIR Analysis
- Lippe to Step Down as Swiss Re CEO
- Willis Group Acquires Italian Broker
- New U.N. Climate Deal Struck; Critics Say Gains Modest
- Best Reports on Bermuda’s Challenges; Torus’ O’Donohoe Comments on Diminished Role
- Liberty Syndicates Name Sprent to Head Global Financial Risks
- India’s Reliance Capital Eyes General Insurance Stake Sale w/in 6 Months
- S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
- IRCM Creates New Marine Facility
- UK Insurance Association: Solvency II May Help or Hinder EU Growth
- Willis: Power Market Review – Still No Hard Market, Despite Losses
- Europe Moves Ahead with Fiscal Union; UK Isolated
- Willis Re Spots Downward Trend UK Auto Claims; Premium Increases
- Aon Benfield Report Analyzes Financial Impact of Catastrophes on Reinsurers
- Munich Re Estimates Thai Flood Claims around $670 Million
- AXA, Generali Said to Advance in HSBC General Insurance Sale
- Ratings Recap: China Taiping (NZ), Ansvar (NZ), Nationale Suisse
- Lloyd’s Report Finds Customer Loss, Staff Shortages as Business’ Top Fears
- Latest Analysis Concludes Foreign Insurers Missing Out on China Party
- Chinese Court Rejects Apple Lawsuit over iPad Name
- Aon Benfield Monthly Cat Report: Thai, Europe Floods Costly for Insurers
- Natural Disaster in China Would Severely Disrupt Global Supply Chains
- Starr Sets up Global Casualty Practice
- Swiss Re sigma Report Highlights Progress in P/C Product Innovation
- Swiss Re Estimates Thai Flood Claims at $600 million; Subject to Uncertainty
- RSA Names Slingsby Global Program Director-Global Specialty Lines
- Panel Urges Legal Action in Damning Report on Japan’s Olympus
- Fleet of Ferraris Ruined in Japan Sportscar Pileup
- Zurich Backs Global Trade Finance Program Expansion
- Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
- Best Affirms Ratings of Aioi Nissay Dowa Insurance (China)
- Parker Named to Head P/C Specialty at Aon’s Global Brokerage Center
- Sciemus Appoints Former Aon Exec Mahoney as Chairman
- DUAL Corporate Risks Adds More D&O Capacity from Aspen, Pembroke
- Willis Strengthens So. Africa Role with Pickering Appointment
- Bank of India to Buy 51% of Bharti AXA Asset Manager
- Aon Benfield Reports China Reinsurance Premiums up 70% since 2005
- DUAL Starts Specialty Reinsurance Business
- Stormy Sun Could Knock Out Power Grids: Allianz
- Dallamore Joins Howden as Consultant in Asia
- Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril
- India’s Insurance Regulator Issues IPO Guidelines
- Russian Aviation Safety Facing Criticism After Hockey Team Crash
- Allied World to Write Reinsurance in Malayasia
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