International & Reinsurance News for July 2015
- Aon’s Q2 2015 Earnings Report: Total Revenue -4%; Net income -41%
- Brit Reports H1 After-Tax Profit of US$6.4M, Compared to $94.5m in 2014
- Arch Reports Q2 Net Income of $110.3M, Compared to $202.5M in Q2 2014
- Best Analyzes Changes to Brazilian Local Reinsurance Market
- UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services
- Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best
- Willis Appoints Messer Regional Leader for Latin American Aviation
- CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board
- Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study
- PartnerRe ‘Now Willing’ to Open Talks with EXOR: Sources
- Lloyd’s to Apply for Onshore Reinsurance License in Malaysia
- Swiss Re P&C Unit Misses Earnings Targets; Shares Drop
- Ironshore Int’l. Appoints Bamford to Head Global M&A, Tax; Ups M&A Capacity
- Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival
- Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s
- Generali 2nd Quarter Profit Rises 51% on Life Business
- Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima
- Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash
- RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M
- SCOR 2nd Quarter Net Income Rises 26% to $168 Million
- Crawford & Co. UK Launches ‘Customer First’ Initiative
- QBE Names Fagen as Group Chief Strategy Officer; Plant Is Promoted
- Geneva Association Study Analyzes Asian Flood Risks, Insurability
- AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014
- Hamilton Underwriting Limited Hires Carvey as Head of Treaty
- Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London
- Buffett Helps Ireland’s Vhi Insurance Avoid Bailout with $99M Subordinated Loan
- PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2
- Aspen Reports Q2 Net Income of $49M, Operating Income of $72.2M
- Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014
- Lloyd’s Supports Natural Catastrophe Resilience Plan Across Asia
- ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims
- India PM Modi Plans Expansion of Farmer Insurance before India State Elections
- Zurich Insurance Considering Bid for UK’s RSA
- PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis
- Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event
- China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B
- Hiscox Delivers H1 Pre-Tax Profit of £135.1M, Up From £124.6M in H1 2014
- UK’s Aviva to Target $3.9B in Renewable Energy Investments
- PartnerRe Holders Should Reject Merger with AXIS, Favor EXOR Deal, ISS Says
- Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal
- Beazley CEO Calls on Lloyd’s to Overhaul Data Systems
- Qin Lu to Head Aon Benfield, Aon Risk Solutions in China
- Generali Acquires MyDrive Solutions, a UK Data Analysis Firm
- Mt. Logan Re Ltd. Appoints Caponigro as Head of Business Development
- DUAL Acquires Oliva Underwriting, UK-based MGA
- ACE Creates New Head of Claims Role for Eurasia and Africa
- AIA New Business Value Advances 21% in First Half on China
- Beazley First-Half Profit Rises 16%, Led by U.S. Premium Growth
- DUAL Strengthens Latin America & Caribbean Team with Hayes Appointment
- Jardine Lloyd Sues Rival Howden Over Mass Resignation in Singapore
- ACE Appoints Stapleton VP, Cyber Insurance Manager – ACE Overseas General
- Elliot Joins International General (UK) as Political Violence Underwriter
- Allied World Reports Decreases in Q2 Net and Operating Income
- Beazley Launches New Insurance Product for Australian Expat Workers
- JLT Re Builds Programs & Binding Authorities Division with 3 New Hires
- India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz
- London Imports Climate-Related Risks Through Insurers, Supply Chains
- London’s IUA Supports Coordinated, International Approach to Drone Regulation
- AXIS CEO Halts Merger Activities as PartnerRe Seeks to Negotiate with EXOR
- AXA Enters Exclusive Negotiations to Buy Genworth Lifestyle Protection Insurance
- Allied World Global Markets Appoints Garrison Senior VP, Asia-Pacific
- First Half-Year Economic, Insured Cat Losses Below Average: Impact Forecasting
- ACE Q2 Profit Climbs in First Earnings Report After Chubb Announcement
- Berkley Forms Berkley Global Product Recall Management, Hires Lubrano to Lead
- Update: PartnerRe Reverses Stance, Seeks Talks with Hostile Bidder EXOR
- Liberty Int’l Underwriters Names McCarthy as Head of Global Crisis Mgmt. Unit
- Brazil Economy Challenges Re/Insurers; No Rating Impact Expected: A.M. Best
- Talbot Appoints Sonville Managing Director, Montero Underwriting for Latin Am.
- Update: EXOR Lifts PartnerRe Bid, Breaking Elkann Vow on Final Offer
- Global Reform of Tax Systems to Hit Insurance Industry: London’s IUA
- RKH Appoints Schlossmacher as Co-Managing Director of Financial Risks Division
- Gallagher Buys 65% of ARM Re, Colombian Energy & Construction Specialist
- Timeline: Sweetened AXIS Bid Brings Battle for PartnerRe to Boiling Point
- Re/insurance Market Conditions Will Lead to More M&A Activity: A.M. Best
- Tropical Storm Nangka Batters Japan with Heavy Rain, High Winds: AIR Report
- Head of UK Financial Watchdog Resigns; Government Refuses to Extend Contract
- Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View
- EU Aviation Safety Agency Makes Recommendations after Germanwings Crash
- Guy Carpenter Predicts El Niño Event Will Bring Fewer Tropical Cyclone Landfalls
- Willis Capital Sees More Strategic Restructuring in Reinsurance Programs
- Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion
- Update: AXIS Capital, PartnerRe Sweeten Deal with Higher Special Dividend
- Cobalt Secures Major Property Portfolio for 90 North through Lockton
- Aerospace Underwriters Analyze Potential Liability from Growing Use of 3-D Printers
- Q2 Cat Bonds Issuance Nearly $3 Billion: Aon Securities Report
- AIR Estimates Typhoon Chan-hom Insured Losses Less than $354 Million
- Willis to Acquire PMI Health Group, UK-Based Healthcare Adviser & Broker
- Allianz: Hedge Funds Are Opportunity for Insurance Industry, Not Threat
- Willis Dealmaker Walkiewicz Hires Shea for Capital Markets Role
- Xuber’s Bermuda Roundtable White Paper Summarizes Executives’ View of M&A
- Number of Food Recalls and Their Costs Are Increasing: Swiss Re Report
- JLT Australia Deploys NetSuite Cloud Solution to Run Entire Business Life Cycle
- Iran Accord Would End Sanctions on Many Industries Including Re/Insurance
- Typhoon Nangka Continues on Course towards Japan: AIR Analysis
- International Underwriting Association Elects New Market Committee Leaders
- Lloyd’s Receives Approval to Open Colombia Representative Office
- A.M. Best: Volatility of China Stock Market Not Expected to Hit Insurer Ratings
- ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal
- Fairfax Offers to Buy 26% of Indian Brokerage IIFL for $255 Million
- UK Insurers Ponder Implications of Premium Tax Increase
- Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re
- As Nine Storms Roar Across the Pacific Ocean, Two Forces Are to Blame
- Liberty International to Expand Chilean Business with Purchase of Penta Security
- Willis Appoints Aubert to Executive Committee of London & Int’l Brokers’ Assn.
- Exposing Insurance Frauds Saves UK Customers $5.588 Million a Day: ABI Study
- Swiss Re Corporate Solutions Names Wally Country Manager South Africa
- Typhoon Chan-hom Loses Strength as It Moves Toward Korean Peninsula
- PartnerRe Weighs New Deal Terms with AXIS to Fend Off EXOR’s Rival Offer
- UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack
- Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability
- A.M. Best: Eurozone Insurers Remain Robust Despite Instability in Greece
- Willis Asia Appoints Chan, Luah to Key Posts in Affinity Marketing, SME’s, HCB
- Bermuda Adopts Solvency II ‘Equivalency’ Measures for ‘Open Insurance Markets’
- Hedge Fund Sandell Criticizes PartnerRe for Shunning $6.8B EXOR Offer
- Insurance Managers Association of Cayman Appoints Deputy Head of Insurance
- Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II
- China’s Draft Cyber Security Law Worries Multinationals, Internet Providers
- Guarantee, Bullfrog Insurance Partner for Canada Small Business Online Cover
- Typhoon Chan-hom Tracks toward SE China, May Graze Taiwan: AIR Report
- ACE Doubles Terrorism, Political Violence and War Insurance Capacity
- Cooper Gay Swett & Crawford Appoints Padilla Gen’l Manager-Parts of Lat. Am.
- Aon Benfield’s June Cat Report Highlights China Rains, Floods, U.S. Storms
- Allianz Global Corporate & Specialty Appoints McNulty as Head of Claims in Canada
- ACE Appoints van Ratingen as Country President for the Philippines
- AXIS & PartnerRe Consider Sweetening $6.2B Merger Agreement: Sources
- UK Chancellor of Exchequer Angers Insurers by Raising Premium Tax
- Colosso to Retire as CEO of Howden UK
- Rincón to Head New W. R. Berkley Subsidiary-Berkley Int’l Seguros Colombia
- PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million
- Altitude Risk Adds General Insurance Corp. of India to Capacity Providers
- As Strong El Nino Looms, Cloud Seeding Gets a Tailwind
- Marsh & McLennan Agency Enters Canadian Market with Purchase of Vézina
- UK Accounting Watchdog Probes Former Employees of RSA’s Irish Unit
- El Niño Forming in Pacific Is Turbocharged by Tropical Cyclones
- Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks
- Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job
- G7 Endorses African Risk Capacity Program as Model for Climate Insurance
- Swiss Re Corporate Solutions Opens Madrid Office
- JLT’s Thistle Insurance Appoints Williams as Managing Director, Robinson as COO
- DUAL Appoints Watson as Chief Claims Officer
- UK’s Towergate Announces Changes to Executive Team
- RSA Appoints Towergate’s Egan as Executive Director and Group CFO
- Aon Benfield Calls for More Industry-Wide Cat Modelling Initiatives
- PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan
- Willis 1st View Reinsurance Report on Pricing Finds some Stabilization
- Reinsurance Industry Faces Uncertain Future as Time Moves On
- XL Catlin Appoints Plessis as Head of Emerging Markets
- Beazley Launches Business Travel Insurance in Australia
- TransAsia Plane Crashed in February After Faulty Sensor, Errors by Pilots
- Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals
- DUAL Enters Central, East European Market with Launch of DUAL Polska
- Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal
- Corbett to Join Hyperion Insurance Group as Group CFO
- ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author
- Indonesia Military Plane Crash Puts Focus on Aging Aircraft
- Castel Appoints Nugent Chief Underwriting Officer to Prepare New MGA Cells
- Catalina Completes Portfolio Transfer of Quinn Insurance Legacy Liabilities
- World Economic Forum Sees Finance/Insurance Industry in Digital Firing-Line
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