International & Reinsurance News for August 2013
- Wal-Mart Says It Could Loan $50M to Bangladesh Factories for Workplace Safety
- Vienna Insurance Hurt by Spring Flooding Losses
- Lawsuit Against Sotheby’s Claims $218 Painting Is Actually a $16M Caravaggio
- Zurich Insurance CFO Named Ackermann in Suicide Note
- Ping An Insurance Profit Rises on Investments, Banking Income
- TD Bank Profit Falls 10% on Weather Insurance Costs
- Zurich Group Chairman Resigns After CFO’s Suicide
- Crop Insurer Says Saskatchewan Had 25% Fewer Acres That Were Too Wet to Plant
- AIG Names Coory Vice President for Corporate Marketing for Asia Pacific
- People Just Aren’t Afraid of Climate Change Yet: Sunstein
- Zurich Insurance CFO Wauthier Committed Suicide: Police
- Shareholders OK Sale of American Safety to Fairfax
- Arthur J. Gallagher Acquires Ottawa’s Dickinson & Associates
- Four Latin American Nations Agree to Remove All Trade Tariffs
- Zurich Insurance CFO Wauthier Found Dead
- China’s PICC Group’s Profit Rises as Premiums, Investment Income Climb
- Lance Armstrong, UK Newspaper Settle Libel Claim
- ING Sells South Korean Insurance Unit to Asian Buyout Firm MBK
- G20 Leaders Expected to Back Easy Rules on Shadow Banking
- July Hailstorms in Germany May Cost $2 Billion
- Canada Weighs Mandating Minimum Insurance for Railways
- Malaysia Legislates Jail for Shariah Scholars Over Insurer, Bank Breaches
- Brazil Insurer Continues Outperforming After World’s Largest IPO
- Xchanging Names Ahern as Fiduciary Lead for Brokerage Service Operation
- UK’s Ascent Launches General Liability Coverage for SME’s
- Liberty Mutual Appoints Campos as President of Liberty Insurance Singapore
- IAG Profit More Than Triples as Natural Disaster Claims Fall
- U.K. Banks to Pay $2 Billion for Card-Insurance Compensation
- BMS Appoints Douetil as Group CEO; Cook CEO of UK Broker Entity
- $56 Bn Economic Loss; $17 Bn Insured: Swiss Re’s 1st HY Disaster Report
- Allied World Asia-Pacific Launches ‘Side A’ D&O Coverage
- Willis Supports Antarctic ‘Pole Dash’ Expedition by Young Explorer
- Swiss Re Plays Key Role in Oxfam’s Bangladesh Flood Insurance Program
- Suncorp Group Net Income Falls 32% on Banking Unit Loss
- Cat Bonds Rally with Hurricane Season Advancing: Credit Market Recap
- Fukushima Plant Springs Another Leak in Battle with Radioactive Water
- QBE Net Income Falls 37% on Claims, Lower U.S. Premiums
- CCRIF Countries Renew Catastrophe Insurance Policies for 2013/14
- Catalina in Agreement with Fairfax for American Safety Acquisition
- Central New Zealand Shaken by M6.5 Earthquake: AIR Analysis
- Philippine Death Toll Rises in Worst Sea Tragedy in Five Years
- Amlin First-Half Profit Drops 17% as Catastrophe Claims Mount
- Commentary: Deep Oceans to Resolve Human Role in Global Warming
- Ratings Recap: Electrical Contractors, Al-Sagr, Alliance (UAE)
- Hong Kong’s Li to Tap ex-AIA Deputy as New Insurance CEO: Sources
- Canada Broadens Inspections of Aircraft Emergency Beacons
- Quebec Demands CP Railway Help Pay for Disaster Clean-up
- NHC Tracking TS Erin; Weather Front over Yucatan
- Iran Detains Tanker Carrying Iraqi Crude Oil to India
- Aon Unveils Enhancements to Bermuda Shorts Form for Excess Liability
- Anderson to Step Down as Head of Iron-Starr Excess Agency
- Global Economic Outlook Dims as U.S. Recovery Continues: ICC-Ifo Survey
- Zurich Insurance Profit Drops After Natural Disaster Losses
- Applied Systems Acquires Insurecom in U.K.
- Allied World Europe in Strategic Agreement with UK’s Gravity Underwriting
- Japanese Airline Finds Faulty Wiring on Dreamliner Fire Extinguishers
- Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale
- Loeb’s Third Point Re Set for IPO as Einhorn’s Truck Bet Shows Insurers’ Risk
- India’s MRPL to Receive Iranian Oil Cargo after 4-Month Gap
- Ratings Recap: Eni Insurance, Gulf Re
- Aon Extends Partnership with NFL for International Series in 2013-2014
- Tropical Cyclone Utor Slams Philippines, Heads towards China: AIR Worldwide
- FSB Examines ‘Too Big to Fail’ Insurers; CIRC Expands Insurers’ Investments
- ACE Promotes Salmon, Germano for European Casualty
- Cat Bonds, Sidecars Keeping Reinsurance Rates Low Says Guy Carpenter
- Best Affirms Generali, Main Subs Ratings; Outlook Remains Negative
- Asiana Offers San Francisco Crash Victims $10,000 Payout
- Best Affirms Alterra Capital and Subs Ratings; Outlook Stable
- Fairfax Increases Offer to Buy American Safety to $30.25 Per Share
- Liberty Mutual’s Shandong Branch Ready to Open for Business
- Catlin Group Six Months Underwriting Results Steady; Net Income Falls
- No Ratings Change for Syndicate 2010 from Lancashire Acquisition Says Best
- Best Sees No Change in Lancashire’s Ratings from Cathedral Acquisition
- Collected Forecasts for 2013 Atlantic Hurricane Season
- Railway in Quebec Train Disaster Gets Canada Bankruptcy Protection
- Swiss Re Posts $786 Million Q2 Net Income; But P&C Combined Ratio 100.7%
- Aon Benfield’s July Cat Report Confirms Canada’s 2nd Billion Dollar Loss
- Munich Re Licenses AIR’s Updated Crop Insurance Models for U.S., China
- Kenya Resumes International Flights After Fire Shuts Airport
- ACE Appoints Russell Regional Sr. Prof. Indemnity Underwriter UK/Ireland
- ING Eyes More Cost Cuts as Profits Top Forecast; Insurance Divestment Planned
- Argo Group Reports $31.7 Million Q2 Net Income; $64.4 Million 6 Months
- MMA Railway to Stop Transporting Oil after Quebec Crash
- Mitsui Sumitomo at Lloyd’s Hires 2 Professional Indemnity, D&O Specialists
- Hannover Re Q2 Net Rises 29% on Investment Income
- Greenberg’s C.V. Starr in Group Buying Tokyo Building for $1B
- Willis Re Bermuda Names Harden as New CEO
- New Zealand’s ‘100 Percent Pure’ Image Questioned after Dairy Scare
- Lloyd’s Comments on Record Cannes Jewelry Heist
- Floods Impact Munich Re’s Q2 Net Profit; Still on Track for FY $4 Billion
- Catalina Receives New Equity Commitment from Managed Funds
- Insurers Help Drive European Share Prices to New 2-month high
- ABI Calls On UK Government to Enact ‘Whiplash’ Reforms
- Aviva Considering Sale of India Life Insurance Stake Say Sources
- Ratings Recap: Patria Re, Arab Insurance, Provident Insurance (NZ)
- RSA Posts Lower than Estimated Profit as Investments Decline
- UK’s Miller Appoints Quy as Producer for Cyber Cover
- QBE Sets Aside ‘Immediate Needs’ Payouts for Spain Train Crash Victims
- Oil Explosion in Quebec Train Crash ‘Abnormal’ Says Investigator
- Fairfax Provides American Safety with Waiver under Merger Agreement
- Cat Bond Issuance Hits 6-Year High: Aon Benfield ILS Report
- Corporate ‘Sleuths’ on Edge after China Detains Foreign Consultants
- CP Rail Subcontracted to MMA in Quebec Train Crash; Coverage an Issue
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