International & Reinsurance News for April 2015
- Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says
- AXIS Reports Q1 Operating Income of $136M on Low Catastrophe Losses
- XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9%
- Swiss Re Posts 17% Increase in Q1 Net income to $1.4 Billion
- Bermuda Sovereign Downgrade Does Not Affect Bermudian (Re)Insurers: S&P
- Ping An Profit Rises After Stock Rally Boosts Investment Returns
- Arch Capital Posts $277.9 Million Q1 2015 Net Income
- Tensions Rise in Nepal after ‘Weak’ Response to Deadly Quake
- UK Regulator Approves Xchanging’s Acquisition of Agencyport Europe
- SCOR Global P&C Posts 5.8% Premium Increase for April Renewals
- Willis Reports Q1 Fees & Commissions Down 0.9% at $1.081 Billion
- PartnerRe Ducks Questions in Call on EXOR’s $6.4 Billion Offer
- Callis Joins Lockton’s DC Office for Political Risk, Structured Credit
- Update: Nepal Says Earthquake Rebuilding to Exceed $10B, Will Take Years
- Endurance Specialty Holdings Appoints Engel as Chief Claims Officer
- PartnerRe Reports $231.7 Million Q1 Net Earnings; $150.5 Operating
- Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car
- Zurich Calls for ‘Supranational’ Oversight to Strengthen Cyber Security
- Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014
- XL CEO: ‘Reinsurance Sector Littered With Roadkill’, Playing High Stakes Game
- Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage
- Brand Damage, Financial Head Aon’s Survey of Top 10 Global Risks
- Insurers May Face Stock Sell-Off as Bond Yields Drop to Record Lows
- Guy Carpenter Unveils New Digital Strategy and Electronic Platform
- Berkshire Hathaway Specialty Expands Into Australia; Colahan Leads Region
- Deadly Quake in Nepal; Aftershocks, Weather Hamper Rescue: AIR Analysis
- AIA Reports 20% Hike in New Business During 1st Quarter
- Allied World Global Markets Appoints Geyman, AVP, Onshore Construction
- Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS
- Willis Ratings ‘Not Affected’ by Gras Savoye Proposed Acquisition: S&P
- German Soccer Club Insured for Revenue Losses; Policy Led by Catlin, XL
- Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%
- Swiss Re Corporate Solutions & IBM Offer Protection Against Cyber Attacks
- UPDATE: Claims, Loss Estimates from Australia Storm Climb
- Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M
- Willis Makes Firm Offer for Remaining Shares of French Broker Gras Savoye
- Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach
- Insurers Declare Catastrophe for Storm Battered Parts of New South Wales
- ACE Reports Q1 Operating Income of $745 Million; Net Income $681 Million
- Qatar Insurance Co. Posts 28% Q1 GWP Growth to $527 Million
- Willis Launches Risk Analytics Suite to Help ‘Proactively’ Manage Risks
- Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs
- A.J. Gallagher Acquires Majority Stake in Chilean Marine Specialist Bareyre
- EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule
- ACE Appoints Fletcher ACE Bermuda Chairman; Clabby, Gonsalves Promoted
- Cooper Gay Swett & Crawford Posts 2014 Growth; Overall Revenue up 13.4%
- 2015 Expected To Remain Challenging For Reinsurance: Best Special Report
- Climate Change to Worsen Nat Cat Impact on Creditworthiness: S&P Report
- Fairfield Steps Down as ANV CEO, Board Member
- CGSC in Partnership with GC do Brasil for Wholesale and New Products
- Guy Carpenter Launches Public Sector Specialty Practice
- Qatar Re Reports 60% GWP Increase; $16 Million Net Income
- Hundreds Drown off Libya; EU Leaders Forced to Reconsider Migrant Crisis
- Best Opens Singapore Office to Expand in Asia-Pacific Region
- Willis Takes On Big Banks Seeking Asia M&A under Walkiewicz and Guo
- Caribbean, Central American Countries Sign Cat Risk Insurance Partnership
- Aspen Insurance, Starr Companies to Form Joint Europe Property Venture
- Global Alliance Founder Wins License to Operate Mozambique Insurer
- TigerRisk Partners Appoints Ursano President
- CEOs of 43 Companies, Including Allianz, Call for Action on Climate Change
- EXOR Shuns Hedge Fund Strategy With $6.4 Billion Buyout Plan of PartnerRe
- PartnerRe Investor Fund Describes EXOR Bid as ‘Much Superior’ to AXIS Deal
- Philippines Eyes Catastrophe Bonds to Cut Post-Typhoon Rebuilding Costs
- Guy Carpenter Launches G-CAT® Canada Flood Model
- U.K.’s EC3\Legal Appoints Schrauwers as Chairman
- Walkiewicz and Guo Appointed Willis Capital Markets & Advisory Co-CEOs
- Brokerslink Restructures Board to Drive New Global Growth
- Willis Names Peller Fine Art, Jewelry and Specie Global CEO
- Reid to Become CEO of UK Retail at Arthur J. Gallagher
- Catastrophe Bond Issuance Breaks New Q1 Record: Aon Benfield Report
- Tokio Millennium Re AG Receives Authorization to Operate UK branch
- Fairfax Financial Agrees to Sell 30% Stake in Brit to Ontario Pension Fund
- XL Launches Stand-Alone Auto Parts Recall Policy
- ACE Appoints O’Halloran as Environmental Risk Underwriter, U.K. & Ireland
- Old Mutual’s CEO Roberts Steps Down, Hemphill Appointed
- Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency
- Validus Holdings Promotes 3 Underwriting Execs in Bermuda
- Update: Italy’s EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal
- Willis Pursuing Lawsuit against JLT for Interference in FAJS Sale to Miller
- Vienna Insurance Misses 2014 Profit Estimates on $85 Million Heta Writedown
- DUAL Launches Marine Operations in The Netherlands
- Floods & Drought Amid Climate Change Cost Global Economy Billions: Oxford
- El Nino May Develop by June; Australia Issues Alert on Tropical Pacific Ocean
- A.M. Best: Takaful Operators Struggle With Fierce Competition, Profitability
- Ironshore Global Property Raises Energy Sector Capacity Limits to $35 Million
- Travelers to Buy Majority Interest in P&C Business of Brazil Joint Venture
- XL, Cobalt Underwriting Launch Shariah-Compliant Equine Product at Lloyd’s
- Aviva CEO & CFO Reduce Long-Term Bonuses After Voting Agency Concern
- DIFC Forms New Insurance Association
- Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View
- Former S&P Europe Insurance Head Clemens Joins Litmus Analysis
- RMS Releases Updated Europe Windstorm, North Atlantic Hurricane Models
- Best: Indonesia Insurers’ Reinsurance Buying Habits Could Affect Capital Ratios
- International Shipping Lines Suspend Port Calls to Yemen as Conflict Worsens
- Hastings Weighs IPO as U.K. Car Insurer Gains Market Share
- AXA Strategic Ventures Invests in ‘Big Data’ Startup Company, Evercontact
- ASEAN Open Market Will Benefit Region’s Insurance Industry: Best’s Report
- Beazley, Korean Re Form Partnership; Create Special Purpose Lloyd’s Syndicate
- Willis Urges Energy Underwriters to Innovate to Survive
- Windstorm Niklas Was Costliest Non-U.S. Event in Q1 2015: Impact Forecasting
- OneBeacon Explores Sale; China’s Fosun Interested: Sources
- A.M. Best: Insurers Must Consider Risks of U.K. Exit From European Union
- Canada Aims to Finalize Oil Tank Car Standards by End of April: Minister
- RMS Commends Tokyo’s Adoption of Nat Cat Quake Loss Reduction Plan
- DUAL Marine & Energy Forms Underwriting Partnership With CNA Hardy
- Willis Mexico Expands Footprint With Acquisition of Carsa Consultores
- Berkshire Hathaway Specialty Expands D&O Policies to Canada
- Ironshore Specialty Casualty Construction Offers Stand-Alone Crisis Event Cover
- XL Launches Security Insight Platform to Identify Global Business Risks
- Hub International Acquires Assets of Canada’s Cortex Financial
- ACE Launches High Net Worth Personal Insurance Business in Canada
- Solvency II Staggers Towards Finish Line: a Retrospective Analysis
- AIR Estimates Cyclone Niklas Insured Losses from $1.09 to $2+ Billion
- AXA Says Nigeria Election Process Will Benefit Overall African Economy
- Air Algerie Mali Crash Linked to Icing and Pilot Error, French Investigator Says
- QBE European Operations Names Menear as Director of Underwriting Operations
- A.M. Best: European Reinsurers Report Strong Results, Growth Limited
- ACE Launches Multinational Insurance Cover for U.K. & Ireland Customers
- Hub International Acquires Two Canadian Home Warranty Providers
- Bermuda Re/Insurers Post Strong 2014 Global Underwriting Results: ABIR
- German Aviation Authority Didn’t Know Crash Pilot’s Medical History
- AXA: Tighter Capital Rules on Too-Big-to-Fail Insurers May Threaten Recovery
- Ruoff Appointed Chief Executive Officer of Tokio Millennium Re
- Philippines Warns Tourists to Take Precautions as Typhoon Maysak Approaches
- Generali Strengthens International Management Team in Asia, LatAm, Europe
- Families of Germanwings Crash Victims Must Prepare for Differing Payouts
- Zurich Canada Launches Drone Insurance Product for Corporate Clients
- ACE Promotes Krishnan to New Head of Casualty Role for Eurasia & Africa
- Willis Appoints Scope as Chairman of its Bermuda Operations
- XL Group Creates Venture Capital Fund, XL Innovate; Hutton Named as Head
- BlackRock, ACE Raise $800 Million to Form Bermuda Reinsurer
- Extra-Tropical Cyclones Niklas and Mike Strike No. Europe: AIR Worldwide
- Hamilton Completes Sportscover Acquisition; O’Donohoe is MGA CEO
- Willis Re 1st View Report: Cycle Strained; ILS Funds Not Immune
- Allied World Completes Acquisition of RSA’s Hong Kong, Singapore Units
- PERILS Updates Insurance Industry Exposure Database & Adds Austria
- Catlin Completes Disposal of Investment in Box Innovation Group
- Philippines Braces for Super Typhoon Maysak; People Head to Beaches
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