International & Reinsurance News for May 2014
- Changing Weather Patterns Mean an Uncertain Future and Increased Risks
- ABI Calls for Action as Fraudulent Accident Claims Rise by 18%
- CN Rail Sees U.S. Banning Older Rail Tank Cars for Oil in 3-5 Years
- Betancourt Joins York International for Latin American Financial Lines
- Cotter to Head New Allied World Office in Sydney, Australia
- Shipping Firms Shy Away from Iran Despite Deal to Ease Sanctions
- Willis Completes Acquisition of Specialist Broker Charles Monat
- Deep-Sea Search for MH370 Was in Wrong Place, Australia Says
- ING’s $2.7 Billion IPO to Test Buyer Appetite as Prices Fall
- Falling Reinsurance Rates by Cat Bond Competition Eroding Primary Prices: Zurich
- Ascoma International Group Joins Worldwide Broker Network
- German Insurers Say Schaeuble Amendment Will Scare off Investors
- XL’s Rosengarten on How Mega Trends Exacerbate Risks; It’s a Scary World
- Ratings Recap: Dominion, Ardellis, NAGICO, JRG Re
- Willis to Acquire Sweden’s Employee Benefits Provider Max Matthiessen
- Malaysia, UK’s Inmarsat Release Satellite Data on Missing Flight MH370
- Australia’s Suncorp Plans $462 Million Write-down, Cuts Growth Target
- Savage to Leave; Lloyd’s Announces Changes in Finance, Operations
- Saga IPO Raises $926.7 Million; Share’s Price at Bottom of Range
- Telecom Italia Owner Generali Says Plans to Sell Its Stake in June
- Cooper Gay Swett & Crawford Launches 1st MENA Operation in Dubai
- Willis Names Walkiewicz Managing Director Insurance Investment Banking
- Protecting Brand Names from Cyber Threats – a Growth Sector
- S&P Report Finds Companies Are Starting To Assess Climate Risks
- Brokerslink Splits EMEA Region to Boost African, Middle East Expansion
- Ratings Recap: HDI V.a.G/Talanx, TTB/TTI, Platinum Underwriters
- Global Re/Insurance CEO’s Sign on to Geneva Association’s Climate Risk Statement
- Record Flooding Impacts Southeast Europe: AIR Analysis
- S&P Report Concludes Re/Insurers Have ‘Coped Well So Far’ with Climate Change
- Lloyd’s Appoints Hu to Council; McGovern, Griffiths to Franchise Board
- Gibbs Appointed Managing Director of Cooper Gay Marine
- RSA to Sell Canada Broker Unit Noraxis to A.J. Gallagher for $460 Million
- ‘Mega Trends’; Optimism at the EIF 2014 Conference; DIMA CEO Interview
- Foreign Aid Arrives as Serbia, Bosnia Struggle with Record Floods
- Ratings Recap: PVI, PVI Re
- Europe Moves Ahead with Self-Driving Cars in Reponse to Google
- Protests Damaging Vietnam Industrial Zones Raise Investor Concerns
- Report Cites Crops Most Vulnerable to El Nino
- Canada Imposes ‘Absolute Liability’ Rules on Pipeline Spills
- Africa Launches First Catastrophe Risk Insurance Pool
- Marsh’s Gibbs Joins Cooper Gay Marine Division in London
- Generali Begins Talks on BSI Sale; Q1 Profit Up 9.4%
- Zurich Insurance Q1 Profit Up 20%
- Labor Unrest Follows Turkey’s Deadliest Mine Disaster
- Allianz Pressures Pimco to Reverse Withdrawals
- Allied World Offers Casualty Lines for Canadian Market
- Vietnam Protests Over China Oil Rig Damage Taiwan-Owned Factories
- Mullis Joins Miller in London
- Samsung Vows to Compensate Employees Over Cancer Claims
- China Insurance Regulator Warns Insurers on Investments in Debt
- EU Court Backs ‘Right to Be Forgotten’ in Ruling Against Google
- Criminal Charges Filed in Quebec Railway Crash
- Melting Antarctic Glacier to Raise Sea Levels: NASA
- Sukuk Templates Could End Delays Caused by Sharia Scholar Disagreements
- JPMorgan Appoints Davison Head of U.K. Financial Institutions
- There’s Devils in Big Data, but Help is Available from Inhance
- Best Upgrades InterGlobal’s Ratings; Removes from Under Review
- Best Downgrades Tower Group International and Subs Ratings
- Best Revises Insurance Holding Company and Debt Ratings: Companies Affected
- AXIS Names England Chief Underwriting Officer-International
- CME, SIX to Provide Collateral Management Services to Swiss Insurers
- Ascot Appoints Fitzpatrick as Executive Underwriter
- Swiss Re CFO Warns Cat Bond Yields May Attract Inexperienced Buyers
- Chances of El Nino Formation this Summer Now Exceed 65% – CPC Report
- Allianz Q1 2014 Profit Falls 2.9%, but Beats Estimates
- ACE Group Appoints Heard Sr. VP – Latin American Personal and Business
- Aon Benfield’s Impact Forecasting Highlights U.S. Losses in April Cat Report
- Strong Euro Decreases Munich Re’s Q1 Net Profit, Premium Income
- RSA Insurance Reports 15% Drop in Q1 Premiums amid Asset Sales
- Lloyd’s Report Says Climate Change Should Be a Constant Consideration
- Catalina Holdings’ Glacier Re to Handle Delta Lloyd’s Legacy Marine Liabilities
- Weakness in Pricing Lowers Reinsurers’ Q1 2014 Profits
- Best Affirms Endurance Specialty and Subs Ratings; Outlooks Stable
- ‘Inhance’ Launched to Plug Re/Insurers’ Cat Loss Information Gaps
- Swiss Re Posts $1.226 Billion Q1 Net Income
- XL Appoints Allen to Head New Financial Lines Team M&A Division
- Insurer Allianz Faces Shareholder Grilling over Pimco
- ING Q1 Profit Misses Estimates; Loan Losses Remain High
- XL Group’s Financial Lines Launches M&A Division, Allen to Lead
- Allied World Bermuda Launches the Thirty2°/Sixty4 Suite
- Global Insurers Plan to Increase Risk in Portfolios: Goldman Sachs Survey
- Best Reports Competition, Top-Line Growth Affected Saudi Insurers in 2013
- Australia Issues Further El Nino Alert as Event Seen Developing
- Willis Appoints Everling Netherlands CEO
- Afghan Rescuers Abandon Survivor Search in Worst Disaster
- Canary Wharf Security Alert Ends after Controlled Explosion
- XL Group to Sell Life Re Sub for $570 Million; Best Sees No Rating Change
- XL Group Posts $255.7 Million Q1 2014 Net Income; $238.6 Million Operating
- Allied World: Dividend Increase; New Share Repurchases; 3 to 1 Stock Split
- Müller to Head New Allied World Europe Onshore Construction Unit
- Korea Ferry Disaster Exposes Cozy Industry Ties, Soft Penalties
- RRJ, Temasek to Invest $1.8 Billion in ING Insurance Unit
- Munich Re’s First Quarter Net Profit Drops by 7%
- Montpelier Reports $90 Million Q1 Net Income; Operating $72 Million
- U.S. Chamber, BUSINESSEUROPE Urge TTIP Agreement Adoption
- AXIS Reports $152.6 Million Pre Tax Q1 Net Income; Operating $137 Million
- UK Underwriter APC Forms Professional Indemnity Team; Launches New Products
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