International & Reinsurance News for March 2015
- Endurance to Acquire Montpelier for $1.8 Billion
- A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector
- Insurers Face Earnings Growth Challenges in Varying Global Economy: S&P
- Bank of Ireland Shares Fall 6%, as Fairfax Financial Sells Stake
- Aon Benfield Aggregate Study Confirms Reinsurer Capital Builds to $575 Bn
- ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton
- Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say
- AIG Seeks $507 Million Through Sale of Some of Its Shares in China’s PICC
- Cooper Gay Swett & Crawford Names Soares CEO for Latin America
- Co-Pilot’s Ex-Girlfriend Tells of his Psychiatric Problems; Big ‘Gesture’ Plan
- Yemen Conflict Adds to Worries for Ships Dodging Pirates, Terror
- ACE Appoints McDonald as Regional General Counsel for Eurasia & Africa
- Towergate Gets U.K. Court Nod for Plan to Restructure $1.49 Billion Debt
- Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years
- Update: Lufthansa Liability May be Unlimited; Insurance in Play
- Heavy Rains Cause Flooding in Usually Bone-Dry Chile Desert
- Guernsey’s Heritage Insurance Accorded Lloyd’s Registered Broker Status
- Catlin Joins London Natural History Museum’s Major Coral Reef Exhibition
- Analysts Say Low Interest Rates to Drag on Insurer Profits, Dividends Long-Term
- Earth’s Surface Rising in North America, Europe: After-Effect of Ice Age
- Meltdown at RSA’s Irish Unit Laid Bare at Dublin Employment Tribunal
- Yemen Conflict Could Disrupt Major Oil Shipping Route; Insurers Pull Back
- Germanwings Crash Shows Need for Protections Against Suicidal Crew Members
- Miller Appoints Milner to Help Build Cyber & Technology Book
- Shipping Losses Down in 2014 But New Threats Loom: Allianz
- Regulators Concerned About Risks in $75 Trillion Shadow Banking Sector
- EU, US Insurers Lost $400 Billion from Continued Low Interest Rates: Swiss Re
- Lloyd’s Reports US$4.9 Billion (£3.2 Billion) Profit for 2014, Level With 2013
- Co-Pilot Likely Crashed Germanwings A320 Deliberately: French Prosecutor
- IAIS’ International Capital Standards Have Ambitious Timeline: A.M. Best
- Giordano to Retire as Executive Chairman of Canopius US
- 2014 Insured Cat Losses below Average at $35 Bn: Swiss Re Sigma Report
- ACE Promotes Gandon, Etherington in Global Accounts for UK & Ireland
- China Faces Severe Threats From Climate Change: Beijing-Based Meteorologist
- Allianz Is Lead Underwriter for Crashed Germanwings Airbus A320
- Germanwings Airbus A320 Crashes in France; Survivors Unlikely
- UK Regulator to Review Insurers’ Use of Big Data and Dark Pool Risks
- Arctic Melt Creates Weakest Gulf Stream in 1,000 Years, Weather Shifts Expected
- UK Report Highlights Role of Insurance in Managing, Mitigating Cyber Risk
- A.M. Best: India Law to Raise Foreign Investment Interest in Insurance Sector
- IRB Brasil RE Seeks to More Aggressive Growth in Latam, Africa; Weighs IPO
- ACE Launches Enhanced Clinical Trials Liability Cover for UK Companies
- CN Railway’s Safety Record Deteriorated in 2014 Due to Poor Track Conditions
- Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan
- Willis Appoints Paasch as Global Head of ART Solutions
- Talanx Q4 Profit Rose 17% on Measures to Restructure German Retail Division
- ACE, Blackrock Seek Up to $1.3 Billion for Bermuda Reinsurance Venture
- Bank of England Says Will Apply New Insurance Regulations ‘Proportionately’
- ACE Strengthens Casualty Offering for Multinational Activities of Canada Firms
- A.M. Best Affirms Ratings of Third Point Reinsurance & Subsidiaries
- UK’s MGAA Launches Initiative to Support MGA Talent Development
- Willis Re Introduces Suite of Flood Analytics for Canada Insurance Market
- Ping An Profit Jumps 40% in 2014 on Strong Investment Returns
- IPCC Releases Complete Synthesis Report
- Vanuatu Villagers Provide Lessons in Survival After Cyclone Pam
- China’s Fosun and Ping An Insurance Vying to Buy $1.6 Billion Berlin Complex
- Natural Disasters Could Cost $750 Billion Annually in 15 Years: AIR Study
- ACE Appoints Tan in New Regional Head of Agency Role for Asia Pacific
- Food Concerns Mount in Vanuatu after Monster Cyclone Pam’s Passage
- Canada Transport Watchdog to Introduce New Tank Cars Ahead of Schedule
- Aon Benfield’s Impact Forecasting Launches New Blast Model for Terrorist Attacks
- AXA Sees Opportunity in Abandoned London Skyscraper, the Pinnacle
- ACE Launches Mobile App for Europe-Based Business Travel Clients
- Lloyd’s Opens Branch Office in Beijing to Access New Chinese Business
- Pacific Nations to Highlight Cyclone Pam, Insurance Pool in Climate Talks
- Industry Expertise, Data, Capital Can Help Reduce Global Disaster Risks: Interview
- A.M. Best Report: Caribbean General Insurers Still Profitable Despite Challenges
- Norway’s Storebrand Buys Real Estate, Mortgages to Escape Negative Yields
- ACE Promotes Sedov as Head of Property Risk Engineering for Eurasia & Africa
- Chances of El Nino More Likely After Tropical Cyclones: Australia Meteorologists
- Rescue Teams Battle to Reach Outer Vanuatu Islands Devastated by Cyclone
- Insurance Industry Presence Supports UN’s Disaster Risk Reduction Quest
- ‘Can You Do Your Best For Me?’ Former RSA Irish CEO Asked Chairman
- S&P Removes AXIS, Partner Re from Credit Watch; Affirms Ratings
- FERMA President Graham to Join UK’s Airmic
- ACE Bermuda Expands D&O Cover for Non-North American Multinationals
- Berkshire Hathaway Specialty Insurance Names Head of Singapore Energy Business
- Stable Emissions Show Growth & Mitigation Possible: World Bank Envoy
- Vanuatu Government Declares State of Emergency After ‘Monster’ Cyclone
- Severe Tropical Cyclone Pam Makes Landfall on Vanuatu: AIR Report
- Nat Cat Risks Aggravated by Persistent Extreme Weather Conditions: Munich Re
- Indonesia Shariah Insurance Growth Attracts AIG: Islamic Finance
- Third Point Re Says It’s a Real Insurer as IRS Weighs Tightening Tax Rules
- RSA Irish Staff Wept Recalling Pressure From Former Boss, Tribunal Hears
- India Insurance Bill Could Attract More Than $3 Billion in Foreign Investments
- ACE Makes New Appointments for Its Casualty Business in Asia Pacific
- India Raises Insurance Investment Cap in First Big Win for Modi
- SCOR Global P&C Appoints Gavazzi, Rousseau in Treaty Underwriting Area
- A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
- Canada Proposes Tough New Oil Tank Car Standards
- RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean
- Generali Q4 Profit Drops 75% on Higher Impairments
- Low Insurance Penetration Creates Asia-Pacific Opportunities: Aon Benfield
- RSA Upgrades to Cloud Computing With Amazon Web Services
- Munich Re Continues Buying Back Shares Amid Falling Profit
- Lloyd’s Opens Specialist Underwriting Platform in Dubai
- Former RSA Executive Says ‘Pushed Under Bus’ by Bullying Accusation
- Royal Bank of Canada Is Reviewing Future of Volatile P/C Insurance Unit
- Verisk Analytics to Buy UK’s Wood Mackenzie in $1.937 Billion Deal – Source
- Willis Expands Affinity Business into North America, UK
- Series of Train Derailments Worries Canada’s Transport Minister
- Low Catastrophe Claims Help to Boost Full-Year Profit for Hannover Re
- RSA Used Irish Unit to Offset Poor Results Elsewhere in Group: Former Exec
- Great American Insurance Group to Launch Singapore Operation
- EU Submits U.N. Climate Pledge; Urges U.S., China to Follow
- Forecasters Warn of New Australia Cyclone Formation; Marcia Claims
- Insurers, Brokers and Clients Express their Views on the Industry
- ACE Launches PI Insurance Solution for European Technology Firms
- Report on Missing Malaysia Airlines Flight 370 Says Locator Battery Expired
- Derailed Canadian National Train Carrying Crude Oil Is Still Burning
- Aon Benfield Cat Report Focuses on U.S. Snow/Ice and $1 Billion+ Losses
- SCOR Welcomes Sompo Japan Nippokoa Share Purchase; No Changes Seen
- Wilson Named CEO of Travelers Europe
- Willis Expert: Aviation Industry is Under-Prepared to Deal with Cyber Risks
- ACE Appoints Scott-Young as Claims Director for Continental Europe
- SCOR CEO Says Quantitative Easing Inflicts ‘Huge Costs’ on Euro Zone Insurers
- Sompo Japan Nipponkoa Plans to Buy 15% Stake in French Reinsurer SCOR
- Russia Will Suffer Ukraine Economic, Political Fallout for Years: Euler Hermes
- Argo Insurance Offers New Excess Casualty Facility
- Hedge Fund, Sandell Asset Management, Forms Bermuda Reinsurer
- Brokerslink Chairman Says Brokers and Broker Networks Must Adapt or Decline
- India Tops List of Countries at Risk From River Flooding, Analysis Shows
- Totten Insurance Group Acquires Quebec-Based Wholesaler NBS
- U.K.’s Aviva Reports 6% Increase in Operating Profit for 2014
- MENA Insurance CEO Club Expands as Regional AIG, Zurich Heads Join
- Management Changes as XL and Catlin Gear-up for Deal Closure
- Aon Risk Solutions Identifies 5 Big Geopolitical Risks for 2015
- China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law
- ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer
- China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk
- It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots
- One-Quarter of British SMEs Fail to Read Their Full Insurance Policy: Research
- MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments
- Merger of Hyperion & R K Harrison Approved by Boards, Shareholders
- U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written
- JLT Australia Buys Recovre, a Provider of Workplace Health & Safety Services
- Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism
- RenaissanceRe Completes Acquisition of Platinum Underwriters
- Amlin, Hiscox Say They Plan to Remain Independent Amid Flurry of M&As
- Ireland’s FBD Holdings Reports Worse-Than-Forecast Operating Loss, Weak Outlook
- UK Regulators Toughen Vetting Process for Senior Financial Services Roles
- Allied World Offers Product to Airbus’ Customers With Runway Safety System
- ACE Forms Travel Insurance Partnership with Transavia Airlines
- JLT Rebrands Bermuda Unit; Senior Management Changes Announced
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