International & Reinsurance News for September 2015
- EU to Ease Capital Regulations for Banks & Insurers to Revive Growth
- London to Curb Uber with Driver Tests, Stricter Insurance Requirements
- Lloyd’s Chairman Criticizes Profit-Hungry Corporations, Which Risk Eroding Trust
- A.M. Best: European Insurers Continue Emerging Markets’ Growth – with Caution
- AIR Analyzes Taiwan, China Damages, Losses from Typhoon Dujuan
- Hurricane Warnings Issued as Tropical Storm Joaquin Gains Strength
- Tianjin Port Blast Chemical Contamination Likely to Boost Re/Insurers’ Losses
- Bank of England Governor: Insurers Face Huge Exposure to Climate Change Risks
- Update: Buffett Cuts Munich Re Shareholding, Responds to Reinsurance Slump
- Airbus and Atos to Create Cyber Security Products for Insurers, Other Industries
- Willis GB CEO Tells Insurance Industry It Must Embrace Diversity
- Hanover Insurance Announces 3 International Executive Appointments
- PERILS Lowers Windstorm Niklas Insured Loss Estimate to $927 Million
- Europe’s Rich Families – Such as EXOR’s Agnellis – Turn Dealmakers
- PartnerRe Files Definitive Proxy to Seal Acquisition by EXOR
- Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re
- XL Catlin Strengthens London Product Recall Underwriting Team
- Governments Make Pledges on Climate to Curb Temperature Rise – Study
- Zurich Canada Issues ‘White Paper’ on Drones & Risk Management
- Sommerrock Joins Geneva Ass’n. as Deputy Secretary Gen’l. – Insight Head
- ACE to Appoint Andrade to Head Future Int’l. Non-Life Insurance Operations
- Best Affirms ‘A+’ Ratings of Hannover Re and Subs; Outlook Stable
- Typhoon Dujuan Nears Taiwan with Rain, Wind; Airlines Cancel Flights
- Zurich Joins CityMobil2 to Test Automated Self-driving Buses in Europe
- Argo Names Snowden Sr. VP for Communications, Public Relations
- Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions
- Dujuan Strengthens; Threatens Ryukyu’s, Japan,Taiwan, China: AccuWeather
- Duperreault’s Hamilton Seeking Takeovers as IPO Likely
- EU Supervisors Face ‘Binding Mediation’ on Simple ABS Disagreements
- ADB, OECD Call for Governments, Insurers to Address Disaster Relief
- A.M. Best: Sub-Saharan Re/Insurance Markets Attract Capacity Despite Challenges
- Barrett Appointed Chief Financial Officer of Hamilton Underwriting Limited
- 1st Generali Global Graduate Program Launches with 20 Young Participants
- Swiss Re to Buy Guardian Financial Services for $2.5B, Hiking UK Portfolio
- Institutional Investors’ Fossil-Fuel Divestment Exceeds $2.6 Trillion
- QBE Relocates Wulff to Hong Kong, Anticipating Growth of Credit & Surety in Asia
- Markel International Appoints Hu to Head China Business
- Trying to Put a Price Tag on Volkswagen’s Emission-Fraud Scandal
- ACE Names Littooij European Product Champion, Small Marine Commercial
- Aon Outlines New Growth Paths for Re/Insurers at 14th Hazards Conference
- Overcapacity Weighs on Middle East, No. Africa Reinsurers: A.M. Best Report
- AIR Estimates Insured Losses from Chile Earthquake at $600M to $900M
- Endurance Names Gallagher as Chief Risk Officer
- RSA’s Hester Expects More Bids After Zurich Abandons Takeover Offer
- Monte Carlo 2015: Reinsurers Reexamine How They Do Business
- Beazley, Aspen and Brit Launch ‘International Cyber Consortium’ at Lloyd’s
- EU Weighs Solvency II Capital Relief for Insurers’ Investments in Infrastructure
- Fitch’s Rendez-Vous Roundup: 4 Hot Topics Affecting Reinsurance Industry
- Pacific Islanders Plead for Action on Climate Change as Sea Levels Rise
- Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers
- Saudi’s United Cooperative Assurance Gets Claim from Mecca Crane Collapse
- Zurich Abandons $8.7B Takeover of RSA After Forecasting Losses in P/C Business
- Gap Between Insured & Economic Losses Offers Business Opportunities: AIR
- Allianz Teams with Volkswagen, Bayer and BASF in Anti-Hacking Venture
- China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
- Violating Swedish Nuclear Drone Ban Will Land You in Jail, Void Insurance Cover
- Beazley Appoints Froese as Head of Aviation, Effective May 2016
- Bermuda’s OIL Group of Companies Names Olsson as President and CEO
- China Re Wins Hong Kong Stock Exchange Approval for $2 Billion IPO
- Cyber Attacks Bring New Clients – Including Insurers – to Defense Firms
- Insurance Sector Struggles to Innovate: KPMG International Survey
- JLT Employee Benefits to Buy Corporate Unit of Close Brothers Asset Mgmt
- Irish Insurers Face Higher Reserves; Fairfax Financial to Invest in FBD Holdings
- National Promises to Cut Carbon Emissions Will Not Be Enough: United Nations
- Governments Must Act to Cap Global Warming at UN Summit: Reinsurers
- Update: Quake off Chile Slams Waves into Coastal Towns; Death Toll Rises
- Guy Carpenter Report Examines Major Emerging Risks Facing Re/Insurers
- Midyear Renewals Show Early Signs of Price Stabilization: JLT Re Report
- RSA Promotes Middle to Role of Global Telematics Partnering Director
- Germany’s Talanx Invests in Renewable Energy to Counter Low Interest Rates
- No Competing Offers to EXOR Deal Received by PartnerRe
- Hiscox Merges Casualty Reinsurance Teams; Pascall Leads New Team
- Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As
- Swiss Re CFO: Some Reinsurance Deals in Time May Prove ‘Adventuresome’
- Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
- XL Catlin Strengthens Team in Mexico with 3 Senior Appointments
- Alibaba’s Finance Arm Plans $188 Million Investment in Cathay Insurance
- Aon Launches Cat Model for Marine & Energy Insurers
- Reinsurers Seek New Markets, Underinsured Risks to Ease Price Pressures
- JLT Specialty Says Lloyd to Step Down as CEO; Knowles Named Successor
- Cardinal Re Launch Takes Hiscox’s ILS Assets to More Than $600 Million
- Guy Carpenter Execs Discuss Reinsurance Trends at Rendez-Vous Panel
- Canopius & Sompo Form Global Reinsurance Unit, Sompo Canopius Re
- Sequant Re Names Baillargeon as Chief Underwriting Officer
- ProSight Specialty Managing Agency Appoints Furgueson as Managing Director
- Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
- Reinsurers Expect Continued Downward Pressure on Pricing During 2016
- Who Will Be Next? M&A Trends to Be Eyed at Monaco Reinsurance Meeting
- Marsh Makes Offer for Jelf Group, UK-Based Independent Broker
- New ILS Records Set During 12 Months Ended June 30: Aon Securities Report
- Third Point Re: ‘It’s Tough Out There’ with Ongoing Influx of Capital Market Capacity
- Woodford Investment Cashes in Amlin Stake After Record Takeover Offer
- Japan Flooding After Record Rains Leaves 3 Dead, 23 Missing
- China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
- Markel Corp. to Acquire CATCo, Bermuda-Based ILS Specialist
- QBE Asia Pacific Appoints Allan as General Manager – Claims, Asia Pacific
- Asta Managing Agency Launches Everest Syndicate 2786
- Willis Re Report: Capital Growth Eases as M&A, Capital Mgmt. Accelerate
- Heavy Rains Cause Floods in Japan; Thousands Evacuated; Fukushima Leak
- Update: Lloyd’s of London H1 Profit Decreases 28% on Competitive Pressures
- Energi of Canada Launches P&C Program for Energy Construction
- XL Catlin Forms New Leadership Team for Germany
- SCOR’s ‘Optimal Dynamics’ Plan Producing Results
- RSA’s Sale of Latin America Operations ‘Could Ease’ Zurich Takeover
- Global Reinsurers’ Capital Remains Stable on Underlying Basis: Aon Benfield Report
- Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability
- Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
- Clarke Appointed PartnerRe President as Acquisition by EXOR Progresses
- Castel Underwriting Agencies Appoints Powell as 1st Claims Manager
- Zurich to Arrange $8.4 Billion in Financing for Takeover of UK’s RSA: Sources
- Xuber Survey Finds London Insurance Execs Fear ‘Brexit’
- BHSI Enters Australia Construction Insurance Market; Appoints Team Execs
- RSA to Sell Latin American Business to Suramericana
- Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
- Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report
- Cost of Tianjin Explosions Could Reach $3.3 Billion: Guy Carpenter
- Aon Benfield August Cat Report Highlights Global Droughts, El Niño, Typhoons
- Zurich Names Terryn General Insurance CEO, as Kerner Steps Down
- Hiscox Appoints Berg-Winters as Head of UK Claims
- Generali Appoints Hodges as Head of IT Systems
- Tier 1 Reinsurers More Resilient than Smaller Firms in Current Market: Fitch
- DUAL M&A Liability Team Open for Business in Frankfurt and London
- Emerton and Fisher Join Allied World’s Expanded Casualty Team
- A.M. Best: Reinsurance Sector Faces New Reality Shaped by Abundant Capacity
- S&P Report Urges Discipline as Reinsurers Adjust Exposure to Cat Risk
- Generali Hires Ex-Morgan Stanley Credit-Trading Head Khazen
- Towers Watson & Cambridge to Provide Usage-Based Auto Insurance Market Info
- Lloyd’s City Risk Index Shows $4.6 Trillion GDP at Risk in 301 Cities
- National Emissions Plans Fall Short to Limit Climate Change – UN Study
- Dutch Court Rules Gas Producer NAM Must Compensate Quake Zone Homeowners
- Study Says European Insurers’ Assets under Management Hit $11 Trillion
- ACE Promotes 6 in International Energy Team
- Hindson Joins Argo Group as Chief Risk Officer
- Hurricane Strikes Cape Verde in East Atlantic — First Time Since 1892
- Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
- Qatar Re to Change Corporate Domicile to Bermuda
- Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself
- As Climate Talks Resume, Divisions Between Poor & Rich Nations Highlighted
- El Nino in Pacific Strongest Since Record Event in 1997-1998
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