International & Reinsurance News for March 2012
- IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation
- MAPFRE ASISTENCIA Launches Subsidiary in Malta
- Total Considers Options to Extinguish North Sea Gas Flare
- Iran Oil Costs to Surge with EU Ship Insurance Ban
- Ratings Recap: Saturn, CCR, Arch (Pref. Shares)
- 10.36% Stake in MAPFRE AMERICA Sold for $324 Million
- Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’
- Plan Now for Climate-related Disasters Warns U.N. Report
- Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable
- Lloyd’s Posts $822 Million Overall Loss for 2011
- $370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re
- Total: “May be Months” to Stop North Sea Gas Leak
- Ratings Recap: ACS (NZ) Ltd., Transmonde, Risk Re, Ansvar Australia
- Best Affirms AGA International (Ex-Mondial Assistance) Ratings; Outlook Stable
- AIR Analyzes Chile Quake: No Tsunami; Minimal Damages Reported
- Quake Hits Central Chile; No Deaths or Serious Damage Reported
- OECD Says Euro Zone Public Debt Crisis Far from Over
- Seafarers’ Org. Lauds EU’s Extension of Somali Anti-piracy Operations
- Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster
- EU Council Extends Somalia Counter-piracy Operation; OK’s Coastal Missions
- U.S. Intelligence Report Sees Global Water Conflict Risks Rising
- ING Puts $775 Million Thailand Bank Stake up for Sale – Sources
- Allianz Confirms 2011 Earnings; Warns 2012 Won’t Be Easier than 2011
- EU Agrees to Some Iran Oil Insurance Exemptions – Until July
- Guy Carp’s Moczarski Named Chairman of MarshMac Companies Int’l.
- Ratings Recap – Notes, Pref. Shares: Swiss Re, Fairfax, AXIS, Munich Re
- Chevron, Transocean Charged in Brazilian Oil Spill
- CNA Inks Deal to Acquire Hardy Underwriting for $227 Million
- U.S. Chamber, European Business Call for Removing Transatlantic Trade Barriers
- Celent Survey Forecasts Insurers to Spend $140.6 Billion on Technology in 2012
- Howie Joins Everest Re; to Become New CFO
- U.S. Exempts 11 Countries from Iran Oil Sanctions; China, India Exposed
- AIR Assessing Damage Picture from Mexico’s Earthquake
- Major Quake Rattles Mexico; No Significant Damage Reported
- Aon Benfield, Build Assure Launch Latent Defects Product for Builders Federation
- Starr Companies Granted Singapore License; Tat Yoong Named Principal Officer
- EU Fails to Agree on Exemptions for Iran Oil Transport Insurance
- Brazilian Prosecutor to Charge Chevron Cannot Stop Oil Leak
- FSA’s Chief Executive Sants to Step Down in June
- ABI Calls for Lawsuit, Health and Safety Regs Reform to Help UK Business
- Blunt to Head New Sportscover Specialty Lines Division
- Tropical Cyclone Lua Hits Northwest Coast of Australia as Cat 4 Storm
- A. J. Gallagher Acquires Canadian Broker BenefitLink Resource Group
- Venezuelans Threaten Mass Lawsuits for Faulty Breast Implants
- IMF Head Sees Global Economy on Recovery Path, but Risks Remain
- Development Bank Plans Natural Disaster Fund for Latin America
- HDI-Gerling UK Appoint Blanco as International Liability Underwriter
- Willis Warns Companies to ‘Wake up to Cyber Threats,’ Liabilities
- EU Foreign Ministers Set Talks on Tanker Insurance for Iran Oil Embargo
- Thailand’s Thanachart Bank Ready to Sell Insurance Ops Say Souces
- PCI Applauds Global Regulators’ Expanded Timeline for G-SII Rules
- AIG, Atradius Execs Join Micro-insurance Investor LeapFrog for Africa, Asia
- Allianz Teams with Experts to Assess Climate Change Impact on Insurers
- PERILS Lowers Loss Estimates from Windstorm Joachim to $377 Million
- ABI Warns UK Homeowners of Subsidence Risks from Drought
- Ultimate Risk Solutions Names Nicolini Senior Advisor for Europe
- Hannover Re Board Approves Legal Change to Societas Europaea
- Munich Re Confirms 2011 Profit at $937 Mn; Forecasts $3.3 Bn in 2012
- Best Affirms RSA Canada, Subs and Holding Company Ratings
- Talbot, Abu Dhabi Insurer End Joint Venture; Continue Commitment
- Best Report: Saudi Arabia’s Insurance Market Adapts to Change
- Debt Ridden India Makes More Claims on Its Insurance Giant
- $27.2 Billion Lawsuit Against Big Tobacco Starts in Montreal
- Rajab Appointed Aon Benfield’s New CEO for Middle East, North Africa
- Willis Names Bellone for Europe Capital Markets & Advisory Unit
- ICA Declares Flood Zone Catastrophe; Economic Losses May Top $1.5 Billion
- Japan Marks One Year Since Earthquake – Tsunami Disaster
- Geneva Association Report: 2011 an ‘Annus Horribilis’ for Insurance Industry
- Armour Group Forms Specialty Securities Unit
- Greece Averts Immediate Default with Bond Swap Deal Success
- UK Gov’t. Minister Lauds Willis Tech Product; Stresses Innovation Importance
- UK Broker BMS Launches New Global Construction Initiative
- IAG to Restructure CGU Operations; 600 Jobs to Go
- QBE Forming Global Reinsurance Business – QBE Re
- Survey Finds Emerging Markets’ Growth in Auto Financial Services
- Thai Reinsurance Expects 2012 Loss from Floods
- Willis Chief on Non-Traditional Risks Facing Airlines; Asia-Pacific Growth
- Ratings Recap: Grupo Nacional, GBG
- Willis Receives Approval for New China Office in Chongqing
- HSBC Sells General Insurance Business to AXA, QBE for $914 Million
- Markel International Acquires UK Managing Agent Quay Underwriting
- Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable
- UPDATE: S&P Sees No Rating Change for Ariel Re from C&S Sale to Arch
- MAPFRE Group Licenses Risk Solution Products for Companies
- Bondholder Group Sees Over $131.8 Trillion Greek Default Risk
- Ratings Recap: CIS (Panama), Guild, Eurasia, Halyk-Kazakhinstrakh
- Endorsements for All Business Classes in London Go Electronic Says LMG
- ABI Head Warns EU Solvency Rules Must Not Deter Growth, Investment
- Arch Capital to Acquire Ariel Re’s Credit & Surety Reinsurance Operations
- Best, S&P React to Ariel Re Sale of Bermuda, Zurich Units
- AIG to Sell $6 Billion Worth of AIA shares to Repay U.S. Bail-out
- Goldman Sachs Acquiring Ariel Re Bermuda Operations
- Pirates Thwarted in Attack on Nigerian Tanker
- Japan Refiners Eye Force Majeure Clauses Due to Lack of Insurance
- Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
- Google Privacy Policy Violates European Law, Agencies Say
- Fired Olympus Boss Woodford Launches Wrongful Termination Suit
- Greece Has Not Triggered CDS Insurance Payments: ISDA
- HSBC Close to $1B Insurance Sale to AXA, QBE: Reuters
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