International & Reinsurance News for February 2016
- Software Provider Vertafore Acquires Canada’s Keal Technology
- Chubb Appoints Marine Insurance Executive Team for Asia Pacific Region
- Best Revises Issuer Credit Rating Outlook for W. R. Berkley Insurance (Europe)
- G20 Puts ‘Brexit’ on List of Top Global Risks After Push by UK Government
- XL Group Proposes Moving Domicile to Bermuda from Ireland
- Hamilton Re Hires Davis to Lead Entry into Property Direct & Facultative
- Brazil & Samarco Close to Agreeing on Damages from Mining Disaster
- Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business
- Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020
- As UK Debate over Brexit Heats Up, Some Suggest Looking at Lessons of History
- XL Catlin Names Brookman Sr. VP, Alternative Capital, in Newly Created Role
- Third Point Re Reports 2015 Net Loss of $87.4M on Poor Investment Returns
- Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open
- Marsh Captive Solutions Names Thomas-Ferrand Head of Strategy & Operations
- RSA’s CEO Warns That UK Withdrawal from EU Could Have Negative Impact
- AXA’s 2015 Net Income Rises 12% on Life Insurance Sales in Europe, Asia
- AIA 2015 Net Income Drops 22% on Weak Asian Currencies, Market Volatility
- UK’s Towergate and Ageas Announce 5-Year Capacity Deal
- UK’s MGAA Elects New Board Members Birrell and Manchester
- Delta Lloyd Cuts Size of Rights Offer to $715 Million to Placate Investors
- Mars Recalls Chocolate Bars Made in Dutch Factory; Plastic Found in Snickers Bar
- Allianz Puts South Korean Life Insurance Unit on Block: Sources
- Update: Zurich Insurance Weighs Sale of Hong Kong & Singapore Units
- Bermuda-Based Mt. Logan Re Appoints Burke as Chief Financial Officer
- Brazil’s BB Seguridade Could Deliver Returns Near 60%, Despite Poor Economy
- Swiss Re’s 2015 Net Income Rises 31% to $4.6B; Q4 Profit Up to $938M
- Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers
- Swiss Re Appoints Mumenthaler as Group CEO, Succeeding Liès Who Is Retiring
- ‘Brexit’ Would Risk Economy & Jobs, Caution 200 Executives in Open Letter
- Hiscox Launches E-Trading System for U.K. Commercial Brokers
- British Corporate Leaders Will Likely Vote to Remain in EU: UK Business Groups
- Everest Appoints Downey as Deputy Chief Underwriting Officer
- Risk Accumulation Aggravated Zurich’s Tianjin Port Explosion Losses: Chairman
- Fiji’s Strongest-Ever Cyclone Flattens Entire Villages; Death Toll Rises
- Capital Adequacy Is Key Strength of Reinsurers in Difficult Market: S&P
- UK’s Aviva Beefs Up Fraud Screening in Commercial Motor Business
- What Will ‘Brexit’ Mean for London’s Financial Center? Some Questions Answered
- Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches
- Zurich Insurance Plans to Sell South Africa & Morocco Units: Sources
- Update: Aegon Reports Q4 Pretax Profit of $534.9M, Down 14% on U.S. Income
- Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates
- UK-Based Towergate Names Barnard as Chief Transformation & Change Director
- Efma & Accenture Launch Global ‘Innovation in Insurance’ Award Program
- A.M. Best Downgrades Ratings of China’s Hyundai Insurance After Tianjin Blast
- Global Aerospace Launches Online Aviation Insurance Platform
- Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO
- Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks
- Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance
- FACTBOX: What Will ‘Brexit’, a British Exit from the EU Look Like?
- Canada’s Intact Financial Corp. Invests in Metromile, Pay-Per-Mile Insurer
- Chubb Global Markets Names Wadhams as Chief Underwriting Officer, Aviation
- China’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy
- Starr Companies Expand Travel Insurance Services to Cuba
- British Departure from EU Would Put at Risk $670 Billion of U.K. Trade: Study
- Airplane Bomb Targeted Western Intelligence Officials: Al-Shabaab Statement
- Hiscox Hires Mackey as Energy Underwriter, Completing Energy Team
- Howard Succeeds Boyle as International Editor for Wells Media
- New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes
- Willis Group Reports (Pre-Merger) Q4 Loss of $24M, vs. Q4 2014 Earnings of $76M
- Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments
- Sompo Canopius Partners with UK’s SSBN for US Flood Models, Hazard Maps
- Norwegian Hull Club to Open Office in London
- Allied World Offers Trade Credit & Political Risk Products in Canada
- ‘Weird & Wacky’ Methods to Absorb Global Warming Pollution Viewed Too Risky
- ‘Brexit’ Will Create Real ‘Risks & Uncertainties’ for Lloyd’s & London Market
- Marsh Appoints Lobban as Senior Adviser on Cyber Risk
- Mapfre Posts 32% Drop in Q4 Net Profit to $132 Million
- Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed
- Update: Zurich Reports 4Q Loss of $424M, vs. Profit of $860M in Q4 2014
- January Weather Cost Global Economy $4 Billion-Plus: Impact Forecasting
- Top Generali Investors Making Their Influence Felt in Hunt for New CEO
- London-Based Brit Opens Singapore Office, Operating via Lloyd’s Platform
- Self-Driving Vehicles Meet Their Match When Snow Creates Sensor Blindness
- North Korean Shipping Company Evades UN Sanctions, Obtains Marine Insurance
- Generali Names Galateri as Interim CEO After Greco Departs for Zurich Insurance
- Integro Insurance Announces O’Shea Joins UK Film & Television Team
- Russian Hackers Moved Ruble-Dollar Rate at Regional Bank: Cyber-Security Firm
- 3 New Members Elected to the Council of Lloyd’s
- ‘Brexit’ Threatens Britain’s EU-Dependent SMEs: UK’s RSA
- Climate Change May Have Fueled Mosquito-Born Zika Outbreak: Scientists
- Sompo Canopius Announces a Simplified Organizational Structure
- London-Based Chubb Global Markets Names Marine Team Leaders
- P&I Sector’s Underwriting Discipline to Be Tested in Coming Renewals: A.M. Best
- CFC Underwriting, London-Based MGA, Expands Transaction Liability Team
- Russia Cracks Down on Financial Hacking Ring, Raiding Moscow Office: Sources
- Death Toll Rises from Taiwan Earthquake; Chip-Making Plants to Re-Open Quickly
- AXA Invests $84 Million in Africa Internet Group, Taking 8% Stake
- UK’s RSA Forms Partnership with Wipro to Provide IT Infrastructure
- Aon Reports 27% Rise in Q4 Net Income; 1% Decline During Full Year
- India Joins Nuclear Liability Pact, Opening Door to Foreign Reactor Investments
- Insured Property Loss from UK Storms Eva & Frank Estimated at $767.7M: PERILS
- Chubb Names Country Presidents to Lead Continental European Operations
- Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia
- Beazley’s ROE of 19% Will Be ‘Difficult’ to Sustain in Current Market: CEO Horton
- UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April
- Hyperion Announces Permanent Appointment of Bains as CEO of MGA DUAL
- RenaissanceRe’s Q4 Operating Income Is $135M, Down from $140.3M in Q4 2014
- Everest Re Reports Q4 Operating Income of $353.5M, vs $331.5M in Q4 2014
- Munich Re Reports Q4 Profit Remains Level at 700M Euros; Dividend Hike Ahead
- International Insurers Still Reluctant to Provide Cover for Iran Oil Cargoes
- RMS Releases Cyber Accumulation Management System to Manage Exposure
- Cyber Attack on Britain’s TalkTalk Telecom Cost $115M and 101,000 Customers
- Ryan Specialty Completes Purchase of M&A Specialist Hunter George & Partners
- AXIS Capital Reports Q4 Operating Income of $120M, Level with Q4 2014
- Zurich Prepared to ‘Walk Away From Some Risks’ to Improve Performance
- Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover
- Mitsui Sumitomo Insurance Completes Acquisition of ‘MS Amlin’
- Chubb Completes Senior Management Team for European Region
- UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC
- Marsh Appoints Powell as Claims Advocacy International Leader
- Willis Re Joins with Tech Firm, Measure, to Raise Drone Usage for Insurers
- Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG
- Marsh Appoints Davies as Global CEO of Bowring Marsh
- Asian, LatAm Financial Wage Rises Set to Outpace North America, Europe
- Dutch Insurer Delta Lloyd Still Faces Solvency II Uncertainties; Rights Issue Ahead
- Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process
- Chubb Launches Cyber Response Partnership with Crawford for Clients in Europe
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