International & Reinsurance News for August 2015
- U.S. Chamber of Commerce Urges China to Open Insurance, Securities Markets
- Carvey Appointed Head of Treaty at Hamilton at Lloyd’s
- Tissot Named SCOR Group COO
- QBE Appoints Lingafelter as Managing Director of Asia Pacific Region
- S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model
- Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel
- Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett
- UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report
- Generali Signs Global Deal to Target High-Growth Markets via Smartphones
- China Detains Senior Officials, Port Executives After Deadly Explosions in Tianjin
- UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M Profit in H1 2014
- European Re/Insurers Well Positioned to Withstand Market Volatility: A.M. Best
- RMS and Taiwan’s MSIG Mingtai Collaborate on Typhoon Risk Insights
- UK Insurance & Finance Bonuses Well Below Pre-Recession Levels: Report
- UK’s Towergate Contributes to £20M ($30.9M) Gallagher Lawsuit Settlement
- Integro Acquires Entertainment Risk Management, London-Based MGA
- Lockton Brazil Appoints Neto as Deputy CEO
- Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion
- Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA
- JLT Risk Solutions Hires 2 Execs for Credit, Political & Security Risks, M&A Division
- ANV Underwriters Hires Lippert to Boost Professional Lines Portfolio in Europe
- Willis Appoints Wemyss as Global Head of Placement
- Fitch: Downward Pricing Pressures in Reinsurance Market Begin to Slow
- Typhoon Goni Makes Landfall on Japan, Causing Injuries, Evacuations
- Vienna Insurance Q2 Profit Drops 8.6% on Low Interest Rates in Region
- Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA
- Amlin’s CEO Philipps Dampens Market Rumors That Insurer Is for Sale
- Survey of Global Executives Reveals Business Threat of Poor Risk Oversight
- Ireland’s FBD Reports H1 Loss of $97.7M, Versus Profit of $6.8M in 2014
- Ping An to Boost Overseas Investments as China’s Economy Slows
- Insurance Policy Led by Catlin, XL Gives Cash Boost to German Soccer Team
- Shareholders in UK’s RSA Bracing for Lowball Bid from Suitor Zurich Insurance
- FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery
- Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project
- Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers
- Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
- EU Seeking to Cut Minimum Risk Weighting on Simple Securitizations
- Ping An Profit Jumps 62% in 1st Half on Investment Returns
- A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast
- Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
- Willis Completes Acquisition of Australia’s CKA Risk Solutions
- Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI
- Ireland’s FBD Could Sell as Much as $83M of Debt to Meet Solvency II Rules
- Willis Appoints Clarke CEEMEA Region Construction Industry Leader
- ILS Puts Reinsurance Market on a New Course: Twelve Capital’s Butler Explains How
- S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen
- EU Close to Easing Solvency II Capital Rules to Lure Asset-Backed Debt Buyers
- UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers
- Typhoons Goni & Atsani Moving Toward Taiwan, Japan, Korea: AccuWeather Report
- Tianjin Blast, Fires Initial Insured Loss Estimates at $1.0 to $1.5 Billion
- ACE Offers New D&O Products in Germany; Dünkeloh Named Financial Lines Mgr.
- EXOR CEO Embraces Grandfather’s Dealmaking Style to Revamp Agnelli Empire
- UPDATE: 112 Dead in China Blast; Access Blocked over Contamination Fears
- European Captives More Focused on Risk Mgmt., Investments: A.M. Best
- Integro Acquires UK’s AFL Insurance Brokers Aviation Division
- UnipolSai, Willis Capital Confirm Italian Cat Bond for Azzurro Re; 1st in Europe
- U.S. Forecaster Sees El Nino Likely to Last into Spring in No. Hemisphere
- Chinese Officials Give Scant Details on Cause of Tianjin Explosion and Fires
- Delta Lloyd Uncertainties Persist Amid Concern It May Need to Plug Capital Gap
- Switzerland Is 1st Nation to Lift Iran Sanctions; Re/Insurer Policies Affected
- UK Regulator Toughens Rules to Hold Insurers’ Execs Responsible for Failures
- Zurich Launches Management Liability Offering for SMEs in Australia
- International General Insurance Reports $16.2 Million 1st Half Earnings
- CCRIF Members Complete Enhanced Catastrophe Portfolios for 2015-16
- Huge Explosions & Fire in Chinese Port of Tianjin Kill 44; Firemen Missing
- Einhorn’s Greenlight Re May Gain $30.4M From China’s Currency Devaluation
- ACE Appoints Wazen as Head of North Africa
- A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market
- Willis Completes Acquisition of Taiwan’s Elite Risk Services
- Best Affirms and Withdraws Ratings of PaCRe Ltd.
- ‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report
- QBE Completes Sale of Argentine Workers’ Compensation Business
- Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study
- Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report
- Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns
- AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As
- Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War
- Howden UK Acquires Perkins Slade, Independent Broker
- S&P Maintains Ironshore on CreditWatch Negative Pending Fosun Approvals
- Willis Re Announces Sr. Leadership Posts for Jago, Hvidsten, Kent & Newman
- ACE Launches Website for Employers’ Liability Clients in UK & Ireland
- Typhoon Soudelor Kills at Least 9 in China After Lashing Taiwan, Killing 5
- Ireland’s FBD: Solvency Rule Program on Track as CEO Quits Unexpectedly
- UPDATE: Typhoon Soudelor Nears Taiwan; China Next: AccuWeather Report
- Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza
- France Expands Search for MH 370 Debris at Malaysia’s Request
- Zurich Insurance’s Investors Grow Impatient with CEO Senn’s Strategy
- AXA Enters Exclusive Negotiations to Sell Portuguese Operations
- RSA Reports 84% Jump in 1st Half Operating Profit
- UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims
- Europe’s ABS Market Promotion Hinges on Easing Insurers’ Capital Requirements
- Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014
- Zurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer
- Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims
- UPDATE: from AIR: Typhoon Soudelor Nears Taiwan as Season’s Strongest
- Malaysia Says Maintenance Records Prove Wing Part Is from Flight MH370
- AEGIS London Appoints King to Underwrite Global PI Book
- Endurance Reports Q2 Net Income of $76M, Versus $75M in Q2 2014
- AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
- Argo Reports 2015 Q2 Net Income of $27.9M, Compared to $38.6M in 2014
- Best Downgrades PartnerRe and Subs Ratings; Remains under Review
- U.S. Appeals Court Rejects Ecuador Challenge to $96 Million Chevron Award
- UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study
- Super Typhoon Soudelor Threatens China & Taiwan: AccuWeather Report
- Hannover Re Q2 Profit Rises 19% on P&C Earnings
- Greenlight Re Reports Q2 Net Loss of $39.6M on Investments, Legacy Business
- Lloyd’s Market Association Appoints Curtis as Director of Finance and Risk
- Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z.
- AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
- XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
- AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee
- Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS
- Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
- Marsh Completes Acquisition of UK-Based SME Insurance Services
- TigerRisk Enters China Market with Opening of Hong Kong Office
- Delta Lloyd’s CFO Resigns After Court Upholds Fine for Information Abuse
- Best Places Ironshore & Subs Ratings under Review with Negative Implications
- Willis Appoints Dussuyer Global Head of Natural Resources Industry
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