International & Reinsurance News for December 2012
- Ratings Roundup: Peak Re, Lakeside Re III Ltd
- Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact
- Lloyd’s: Increasing Civil Unrest Driving Political Violence Coverage Demand
- Events that Topped World Insurance News in 2012
- Zurich Transfers Eagle Star to RiverStone; Irish Banking Business to Dunbar
- Worst of Euro Crisis is Over, German Finance Minister Schaeuble Says
- Commentary: UBS and Too-Big-to-Punish – James Saft
- Any Prospects for Insurance Regulatory Changes in 2013?
- Plane Crash-Lands on Myanmar Road, 3 Killed
- Ratings Recap: Echelon, Nationale Suisse, MAPFRE Global Risks/Empresas
- UK’s Met Office Sees 2013 as Likely to be One of Warmest on Record
- S&P Sees No Change for Willis’ Ratings from Goodwill and Remuneration Changes
- New Zealand Trade Minister Groser Bids to Replace Lamy at WTO
- Argo Group Estimates Preliminary Sandy Losses between $45 – $55 Million
- Best Removes Flagstone Re from Review; Affirms Ratings
- Ratings: Aviva (Subs), Flagstone Re Africa, Arig, Salama, Bahrain Nat’l., BEST RE
- Best Affirms UK’s Ecclesiastical Insurance Office ‘A’ Rating; Outlook Stable
- Sandy Loss Estimates: Lancashire – $40 to $60 Mn; Maiden Holdings – $25 to $35 Mn
- Sandy Losses: Arch Capital – $170 to $240 Million; PartnerRe – $200 to $240 Million
- RSA Announces Sale of Dutch Caribbean Operation
- Australian Court Rules Workers’ Comp Covers Sex Mishap
- AXIS Capital Announces New $750 Million Share Repurchase
- W. R. Berkley Names Steen President of Berkley Canada
- PartnerRe to Acquire Calif.-based Presidio Re Group
- Cooper Gay Targets Treaty Business in Asia with Yip Appointment
- UBS Admits Fraud in Libor Rigging Scheme; To Pay $1.5 Billion Fine
- Swiss Re Estimates 2012 Economic Losses at $140 Billion; $65 Billion Insured
- Latest Sandy-Loss Estimates From Axis Capital, Platinum, Beazley
- IIF Report Concludes Capital Curbs on Insurers Will Add to Government Burden
- Talbot Appoints Schild as New Political Risk Underwriter
- Zurich Estimates Sandy Losses at $700 Million; $40 Million for Farmers Re
- Catlin Estimates Storm Losses from Sandy at around $200 Million
- Dirty Money Costs Developing World $6 Trillion, Led by China -GFI Report
- Ratings Recap: Jordan Plc, Builders Re S.A., Sava Re, Allianz (Notes)
- Geneva Association’s Response to IAIS Policy Report Urges Caution
- Best Special Report Focuses on Asia-Pacific Insurers Cat Loss Challenges
- Best Upgrades W.R. Berkley Insurance (Europe) ICR Rating; Affirms ‘A’ FSR
- Willis Launches New Insurance Facility for Offshore Decommissioning Risks
- AIG May Raise up to $6.5 Billion through AIA Share Sale – Sources
- HCC Global Financial Products to Offer Kidnap & Ransom Insurance
- Best Upgrades Issuer Credit Rating of Hiscox Group Subsidiaries; Affirms FSR
- S&P Rates Aon plc. Note Exchanges ‘BBB+’; Outlook Stable
- Best Affirms Russian Re’s ‘B+’ Ratings; Outlook Stable
- Hiscox Appoints Keith for Bermuda Healthcare Team
- London ‘City’ Scents Victory in EU Banking Union Deal
- IATA Reports World’s Airlines on Track for Safest Year
- Insurance Australia Group Selling All UK Operations
- Ratings Recap: Transsib Re, First General, Arab Re, TUCI
- P&I Club Renewals Face ‘Perfect Storm,’ Says Willis’ Report
- Lloyd’s, JLT to Cover Unprecedented Antarctic Winter Crossing
- XL’s Preliminary Loss Estimate for Hurricane Sandy around $350 Million
- Munich Re Announces Pischetsrieder to Replace Schinzler as Board Chairman
- Europe Deepens Union with ECB as Chief Bank Watchdog
- Aon Partners with Space Expedition Corp. for Space Traveler Coverage
- Munich Re in Performance Guarantee Deal with China’s Yingli Green Energy
- U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers
- U.S. Trade Rep Optimistic Trans-Pacific Talks Can Finish in 2013
- ACE Puts Preliminary Estimates of Sandy Losses at $380 Million
- James to Step Down as CEO of Lockton International
- Swiss Re Study Sees Economy Improving in 2013; Casualty Lines Recover
- Poor Nations to Seek UN Climate Change Compensation Payments in 2013
- S&P Says Reinsurers Faced Unexpected Risks from Hurricane Sandy
- HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case
- Geneva Association Analysis Compares 28 Banks’, Insurers’ Systemic Risk
- Despair after Climate Conference Inaction, but UN Still Offers Hope
- UPDATE: Chinese Group to Buy AIG’s Plane Leasing Unit for up to $4.8 Billion
- Storm that Killed 600 Turns to Threaten Philippines Again
- XL Appoints Wenzel as Senior Vice President, Capital Markets
- China Arbitrators Rule Against Injured Foxconn Worker
- Chinese Firms in Talks to Buy AIG Aircraft Leasing Unit
- Aon Benfield’s Monthly Cat Report Highlights UK Floods
- US Senate OK’s Russia Trade w/ Human Rights Bill; Angry Russian Reaction
- UPDATE: 7.3 Quake off Japan; Tsunami Warnings Cancelled
- Ratings Recap: Grain, Chartis (Europe), Boubyan Takaful
- APC Underwriting Agency Expands into Continental Europe with Holland Office
- Nicholls Joins Miller to Bolster Downstream Energy Team
- UPDATE: Death Toll from Philippine Typhoon Bopha Passes 270
- Travelers Increases Stake in Brazil’s J. Malucelli Joint Venture
- Montpelier Re Launches Blue Capital – Investors’ Asset Management Platform
- AIR Worldwide’s Analysis of Typhoon Bopha’s Impact on the Philippines
- Thai Group Buys Ping An Stake from HSBC for $9.38 Billion
- Transparency International Releases Latest Global Corruption Index
- Philippines’ Biggest Typhoon Kills at least 230; Hundreds More Missing
- Extreme Weather is New Normal, U.N.’s Ban Tells Climate Change Talks
- Thousands Flee as Typhoon Bopha Blows into Philippines
- Best’s Report on Bermuda Re/Insurers Sees over 10% ROE for 2012
- Highway Ceiling Collapse in Japan Kills 9
- Willis International Announces European Leadership Appointments
- Munich Re First to Offer Offshore Wind Energy Serial Loss Coverage
- FERMA Opposes EU Fund for Industrial Accident Environmental Liabilities, Losses
- Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable
- Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade
- Bermuda Re/Insurance Org. Elects XL’s McGavick CEO, Currie, Catlin as Deputies
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