International & Reinsurance News for May 2015
- Chubb Europe Renews Concours d’Elégance at Salon Privé Sponsorship
- Alberta Wildfires Burn for 6th Day, 10% of Oil Sands Crude Offline
- Factbox: Lloyd’s Chief, Other Leaders Offer Views on Britain’s EU Referendum
- Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions
- European Central Bank Warns of Risks to Insurers of Low Interest Rates
- ACE Appoints New Country President for South Africa
- Lloyd’s Appoints Pullicino as New Representative in Malta
- Ironshore International Enhances K&R Coverage for Latin America
- ‘All at Sea:’ Australia’s Search for MH370 Wreckage Under Scrutiny
- Low Interest Rates ‘Harmful’ to Insurers & Pension Funds: BlackRock CEO
- Xuber Reinsurance Survey Focuses on Regulation and M&A
- Some European Insurers, Pension Funds Build Loan Books to Rival Banks
- Julian to Head Tokio Millennium Re AG, UK Branch
- Wildfires in Northern Alberta Continue to Disrupt Oil Sands Production
- Aon’s Political Risk Map Highlights Western Countries Increased Terror Threats
- Jardine Lloyd Thompson Appoints Rozes as Group Finance Director
- Faure to Retire as Endurance’s CEO, Global Re; Young Named as Successor
- ING to Sell $1.3 Billion of Shares in Insurer NN Group to Institutional Investors
- Placing Platform Ltd. Selects Ebix for London Market Implementation
- A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors
- Generali Reorganizes German Business to Enhance Competitive Position
- Are Planes Safe? Hacker Case Points to Deeper Cyber-Risk Issues
- El Niño Strengthens as Pacific Temperatures Show Same Trend as ’97-’98
- PartnerRe Board Slammed by Activist Hedge Fund for Rejecting EXOR Bid
- Bermuda Monetary Authority Appoints Lespere as Chief Operations Officer
- AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change
- UK’s Regulator Criticizes Insurers for Failures in Handling Claims for SMEs
- PartnerRe Shareholders to Decide on AXIS Bid; Board Rejects EXOR Offer
- Montpelier Re to Hold Special Shareholders’ Meeting on Endurance Acquisition
- AXA to Acquire Large Commercial Risks Subsidiary of SulAmérica
- EXOR Refuses to Sweeten $6.8 Billion Offer to Acquire PartnerRe
- Ascot, Chaucer & Skuld Form Underwriting Consortium for Renewable Energy
- Zurich Aims to Cut Costs by $1B, Seeking to Reverse Earnings Decline
- Brokerslink Signs Partnership Pact with African Insurer Saham Finances
- Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion
- ‘Outside Forces’ are Changing the Industry: Markel’s Kumana Has Solutions
- AEGIS London’s Managing Director Moves to Canopius as Group CEO
- Berkshire Hathaway Specialty Names Emerson to Head Liability Claims in Canada
- AXIS Says Termination Fee Would Soften Blow if PartnerRe Deal Collapses
- Update: PartnerRe Says $6.8B EXOR Offer Unacceptable; Open to Negotiations
- AIG Acquires Controlling Stake in ING Employee Benefits Global Network
- CNA Hardy Appoints Magnus as Senior Underwriter for Energy
- Vienna Insurance Posts Lowest Q1 Profit Since ’09, Hit by Low Interest Rates
- Swiss Re Identifies Top Emerging Risks
- Solvency II’s Impact and Its Future Analyzed at EIF Conference
- SCOR Appoints Brémond as Group Human Resources Director
- Insurance Linked Securities Specialist Nephila Hired by Blackstone Vehicle
- ACE Launches New Corporate Travel Proposition in Sweden
- Berkshire Hathaway Specialty Launches Crime Protection Policy in Canada
- Two-Thirds of UK SMEs Not Aware of D&O Insurance: Allianz Research
- DIMA CEO on Ireland’s Recovery and Facing Neglected Challenges
- Update: Russell Investment Exits Joint Venture With China’s Ping An
- ANV Holdings Forms Consumer Products Team for Lloyd’s Syndicate 5820
- ACE Appoints Kapoor as Terrorism & Political Violence Underwriter, UK & Ireland
- Arch Reinsurance Completes Acquisition of Dubai’s Gulf Re
- Finance Execs Question Effectiveness of Regulation to Prevent Future Crises
- MSIG at Lloyd’s Hires Eyres in Property Underwriting; Dougall Heads P&C
- Aon Benfield Launches Canada Flood Model to Help Manage Exposures
- European Insurance Forum Examines a Changing World
- ACE Appoints Hamzah as Regional Medical Malpractice Manager, Asia
- A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding
- Iran Flexes Military Muscle in Persian Gulf, Amid Rising Tensions
- Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist
- Marsh Appoints Porter-Wright as Leader of UK Specie Division
- El Niño Likely to Last Through Northern Hemisphere Summer: U.S. Forecaster
- Iranian Boats Fired Shots Across Bow of Singapore-Flagged Ship in Persian Gulf
- ACE’s 10 Tips to Help Brokers Place Effective Multinational Insurance Programs
- AEGIS London Hires Rouse as Casualty Underwriter
- Lloyd’s Market Association Announces 2015 Board Election Results
- Old Mutual Q1 Sales Rise 18% on Growth in Emerging Markets Business
- Howden Names Goh as CEO, Singapore Retail; Other Senior Execs Appointed
- RSA Appoints Thomas as Broker Relationship Director for UK, Western Europe
- Willis Re Launches $400M Reinsurance Facility to Cover Catastrophic Liabilities
- Update: Generali Q1 Operating Profit Rises 6% to $1.5B on Investment Income
- Growing Yemen War Risk Threatens Vital Sea Routes; Premiums Likely to Jump
- Toyota, Nissan, Honda Expand Global Recall Due to Faulty Takata Air Bags
- Use of Captives Rises for Non-Traditional Risks: Marsh
- RSA Appoints McKenzie as COO for UK, Western Europe
- Allianz Global Corporate & Specialty Names Kadow as Chief Agent for Canada
- Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle
- PartnerRe Is Reviewing Enhanced Rival Bid From EXOR
- El Nino Emerges; Asia-Pacific Region Faces Months of Disruptive Weather
- EXOR Raises Bid for PartnerRe by 5.8%, Aiming to Overcome Rival AXIS Offer
- Hiscox Reports 12% Hike in Gross Written Premiums on Good Claims Experience
- Best Sees Insurance Opportunities with Increasing Commercial Drone Use
- Super Typhoon Noul Delivers Glancing Blow to the Philippines: AIR Analysis
- Swiss Re sigma Report Examines Role of Insurance in M&A Deals
- Outflows From Pimco Cut Allianz Asset Management’s Q1 Profit by 14%
- Earthquake in Nepal Kills at Least 41, Injures Many, on Heels of April Temblor
- A.M. Best: Australia’s Nat Cat Losses Will Challenge Underwriting Profits
- XL Appoints Citigroup Veteran McQuade as Chairman After Catlin Acquisition
- AXIS Said to Value PartnerRe Deal by Viewing Montpelier, Catlin Acquisitions
- Arthur J. Gallagher Realigns UK Broking, Underwriting Operations
- European Insurers’ Dividend Growth Unlikely With Rock-Bottom Interest Rates
- UK Regulator Asks Insurers to Provide Transparency on Coverage Costs
- MAPFRE Posts $512 Million Q1 Pre-tax Profits; Revenues up 8.9% to $8.389 Bn
- $952 Million: PERILS Initial Loss Estimate for Windstorm Mike-Niklas
- China’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
- Italy’s EXOR to Consider Increasing $6.4B Offer for PartnerRe: Sources
- UK Elects the Conservatives, but Question of EU Status Remains
- AXA ART Makes Executive Changes; CFO Joins Board
- Third Point Re Reports Q1 Net Income of $50.5M, Up From $39.8M in Q1 2014
- Nepal Quake Impact ‘Minimal on Global Reinsurers;’ Locally Severe: A.M. Best
- Beazley Reports Q1 Premiums Up 6% to $546 Million
- More Market Pressures; Reinsurance Capital at $425 Bn: Willis Re Report
- Nepal Quake Biggest April Disaster: Aon Benfield/Impact Forecasting
- China Taiping Insurance Stock Jumps After Tech Moguls Join $1.7B Share Sale
- MSIG at Lloyd’s Appoints Wells, Radbourne in Property and Power Teams
- China Taiping Insurance Plans to Raise $1.7 Billion in Private Share Sale
- Zurich Profit Falls 4% on Decline at General Insurance Unit
- Munich Re Posts Q1 2015 $896 Million Profit; Lower Operating Results
- A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM
- ING’s First-Quarter Net Profit Rises 43% to $1.4 Billion
- AXIS Capital Could Attract Offer From Arch Capital: Report
- RSA Q1 Premiums Rise 1% to $2.3 Billion in Competitive Markets
- U.K.’s Aviva Turnaround Ahead of Schedule; 1st Quarter New Business Up 14%
- Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million
- RSA Global Consulting Appoints Schofield as Power Industry Expert
- SCOR Posts $196 Million Q1 Net Income; GWP up 17% to $3.5 Billion
- Allianz Profit Rises 11% to 1.82 Billion Euros Despite Outflows From PIMCO
- RenaissanceRe Reports Q1 Net Income of $167.8M, Up From $151M in Q1 2014
- India’s Raise of Foreign Insurers’ Investment Cap a ‘Positive Step’: AIA
- Shareholders Seek Clues to Allianz’s Plan for Pimco from New CEO
- RSA May Face Shareholder Backlash on CEO’s ‘Excessive’ Bonus
- EXOR Bid for PartnerRe Still Has Legs as Shareholders Weigh Offers: Real M&A
- Argo Group Posts $58.8 Million Q1 2015 Net Income; $29.3 Million Operating
- XL Catlin Unified Brand Launched With Global Marketing Campaign
- Endurance Reports Q1 Net Income of $100.3M, Up From $96.3M in Q1 2014
- Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products
- Canadian Oil Trains Shift to Carry Less-Volatile Crude
- Australian Storms Trigger ICA’s 5th Catastrophe Declaration for 2015
- In Land of Negative Yields, Even Conservative Insurers Eye Junk Bond Investments
- EXOR Says Remains ‘Fully Committed’ to Spurned PartnerRe Offer
- PartnerRe Rejects EXOR Offer; Confirms AXIS Deal w/ Enhanced Terms
- Best Affirms Ratings of XL and Subs; Removes from Under Review
- S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings
- QBE Appoints Huber as Head of European Liability
- Hiscox London Market Launches Stand-Alone Threat Product
- XL Looks to Illiquid Securities, Infrastructure to Boost Yields: McGavick
- Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
- Uber’s Office in Southern China Raided by Government: Xinhua News Agency
- Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014
- Nepal Quake Death Toll Exceeds 6,200; Rebuilding Costs Rise to $2B
- Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014
- Statement of XL CEO McGavick on Closing of Merger with Catlin
- U.K. Intermediaries Hyperion and R K Harrison Complete Merger
- Catlin Announces ‘Scheme of Arrangement’ with XL has Become Effective
- U.S., Canada Ready Oil Train Safety Measures
- Europe Calls for Tougher Limits on Super Greenhouse Gases (HFCs)
- Roscoe Appointed Head of London and European Broker Relations for Beazley
- Aspen Re Appoints Parker and Wedlock Within Asia Pacific Region
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