International & Reinsurance News for October 2015
- Willis Reports Q3 Net Income of $117M, Compared to $7M Net Loss in Q3 2014
- Validus Reports $22 Million Hike in 3rd Quarter Net Income to $66.7 Million
- Aon’s Q3 2015 Net Income down 5%; 15% for 1st 9 Months
- Lloyd’s China, Tokio Marine Kiln & PICC Sign Intellectual Property Liability Deal
- XL Catlin Appoints Murias Senior Aviation Underwriter for Brazil
- Aviva CEO: Jump in New Business Will Allay Fears About Friends Life Acquisition
- New British Insurance Premium Tax Hike Could Further Squeeze Insurer Margins
- Arch Capital Reports Q3 Net Income of $74.5M, vs. $223.2M in Q3 2014
- Arthur J. Gallagher Creates Technical Advisory Board; Appoints Jack as Head
- Swiss Re’s 1st 9 Months 2015 Consolidated Net Income up 12% at $3.659 Billion
- Talbot Australia Appoints Crisis Management Underwriting Team
- Hiscox Appoints Waddell to Lead General Liability Team with Focus on U.S. Risks
- Swiss Re Estimates Its Tianjin Port Explosion Losses Will Hit $250 Million
- Argo Group Reports Q3 Net Income of $35.3M vs. $44.7M for Q3 2014
- Validus Group Appoints Zhou as China Representative
- Argentina Regulator Says Insurers’ Dollar Assets Cannot Exceed Liabilities
- Best’s Italian Insurance Sector Report Sees Growth Despite Weak Economy
- AXIS Q3, 9 Month Earnings Hit by Investments, Loss Events
- Ping An Profit Rises 32% as Higher Premiums Offset Stock Market Slump
- Insurers Unprepared for Costs of Climate Change, Warns UN Climate Diplomat
- Everest Re Reports Q3 Net Income of $88.6M, Compared to $274.9M in Q3 2014
- XL’s Q3 Operating Net Income Down to $70.8M on Integration Costs, Cat Losses
- Berkshire Hathaway Expands in Australia/NZ with Marine, Transport, Logistics
- Celebrities’ Mexican Holiday Homes Pummeled by Hurricane Patricia
- PartnerRe’s Q3 Earnings Impacted by EXOR Acquisition, ‘Difficult’ Market
- No ‘Significant Losses’ Expected from M7.5 Hindu Kush Quake: AIR Analysis
- Hackers Find New Battleground in Space, Targeting Satellites in ‘Trophy Attacks’
- Mexico’s Hurricane Patricia May Hit Catastrophe Bondholders
- Strong Quake Hits Afghanistan, Pakistan, India; Ongoing Search for Survivors
- Greenlight Re Posts Q3 Loss on Poor Investment and Underwriting Performance
- Allianz Launches Subsidiary in Kenya
- CNA Hardy Launches New Website
- Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser
- Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio
- Qatar Insurance Posts 20% Premium Rise for 1st 9 Months of 2015
- Mexico Losses from Hurricane Patricia ‘Won’t Exceed $200 Million:’ AIR Analysis
- Hurricane Patricia Targets Mexico; 400K People, Ports, Insurers at Risk
- Best Affirms Munich Re and Subs Ratings; Outlook Stable
- Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge
- Patria Re Set to Become First Mexican Insurer to Join Lloyd’s Platform
- Four Specialist M&A Underwriters Join Marketform to Write $77 Million Line
- Spain’s Insurance Market has Continued to Show Resilience: A.M. Best
- Cat 5 Patricia ‘Strongest Eastern North Pacific Hurricane on Record:’ NHC
- NHC Tracking Hurricane Patricia, as It Nears Mexican Coast
- ABIR Head Lauds Brazil Decision to Phase out Local Reinsurance Mandates
- ACE Q3 2015 Net Income Down 32.7% at $528 Million; Operating Income Up
- Towers Watson Focused on Irish Tax Edge in $8.7 Billion Deal with Willis
- Allied World Posts $51.6 Million Q3 Net Loss; GWP Increase
- PwC Concludes South African Insurers Seeking Technology Partnerships
- Lloyd’s Signs MoU with China’s Taiping Insurance Group
- Willis Capital Market Report Finds Decline in ILS Issues as Growth Stabilizes
- Munich Re Working with Clients to Develop Solutions for ‘Digitalization’
- Rivera Appointed CEO of Aon Benfield’s Colombian Reinsurance Business
- Lloyd’s CEO Beale, 5 Others in Insurance Named LGBT Role Models
- Zhang to Head New Odyssey Re Representative Office in Beijing
- ABI Notes UK Government Report Shows Rising Cyber Crimes
- Marine Crimes in SE. Asia at Highest Level in Years: Dryad Maritime Study
- Swiss Re Names Baertschi President of Reinsurance – Latin America
- AIR Analyzes Typhoon Koppu’s Heavy Flooding Impact on the Philippines
- XL’s Preliminary Loss Estimates for Tianjin-$100M, $30M for Others in Q3
- Wills GB Names Clayton to Head Construction Operations
- Slow Moving Typhoon Koppu Kills 4 in Philippines, Displaces Thousands
- Japan Post’s Bank & Insurer IPO’s Priced at ‘Top of Range’
- Norway’s Failure to Provide Solvency Guidance Unnerves Investors: Storebrand
- UN Climate Negotiators in Final Effort before Paris to Achieve ‘Post-Carbon’ Era
- Willis Re Unveils ‘Enhanced Approach’ for Catastrophe Risk Exposure
- BrokersLink Partners with 10 New Members, Launches New Product Strategy
- Why Australia’s IAG Decided to Halt China Expansion Plans
- Willis Appoints Vero as Natural Resources Industry Leader for CEEMEA Region
- Typhoon Koppu (a.k.a. Lando) to Hit Philippines with Heavy Rainfall Warnings
- EU, U.S. Insurance Organizations Call for ‘Full Inclusion’ in the TTIP
- 10 Oil & Gas Bosses Seek to Improve Image Before Climate Change Summit
- Lloyd’s Report Aims to Reduce Dangerous Liability Risk Accumulation
- Aspen Estimates Tianjin Explosion to Cost $30 Million; Nat Cats Total $20 Million
- AIG to Sell Central American Operations to ASSA
- Reith to Join Marketform Managing Agency as Chief Executive Officer
- UK’s Aviva Seeks Smaller Acquisitions in Other Countries After Friends Life
- Ironshore Named Oracle Team USA’s Insurer for 2017 America’s Cup
- XL Catlin Bermuda Creates New Prof. Lines D&O Excess Side A ‘DIC’ Policy
- Hiscox’s ILS Unit, Kiskadee, and Hiscox Re Announce 3 Senior Appointments
- Insurance Australia Scraps Plans for Further China Investment
- UK’s ‘Duty of Responsibility’ Rules to Extend to Insurance Executives
- Tropical Storm Koppu Forms in Pacific, Heading Toward Philippines, East Asia
- Air Accidents at All-Time Low, Despite MH17, Germanwings Crashes
- Jardine Lloyd Thompson Appoints Viswanathan as CEO, UK Employee Benefits
- Aon Benfield Issues ‘Latest Update’ Report on Lloyd’s
- Japan Post’s IPO Fully Subscribed After Two Days; at Least $10B to Be Raised
- W. R. Berkley Launches South Africa Treaty Unit; Paradine Named Senior VP
- PartnerRe Estimates China’s Tianjin Explosions to Cost Between $50m and $70M
- UK Regulator Looks to Change ‘Culture’ after Insurance Reporting Fiasco
- Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index
- Canopius Appoints Bailey as Global Head of Accident & Health
- ANV Appoints Helson as CEO for Lloyd’s Business
- Chinese Insurers Seek Strategic Tie-Ups, M&As to Tap Western Expertise
- Pension, Insurance & Sovereign Funds Scale Back Emerging Markets’ Investments
- Moody’s Index Aims to Measure Economic Impact of Terrorism
- Aubert Appointed CEO of UK-based Willis Limited
- Laws May Enforce Some Environment Treaties, but Not for Climate Change
- Latitude Brokers Completes Management Buyout of CGSC Stake
- Global Property Insurance Premiums Top $360 Billion: Finaccord Survey
- Markel International Appoints Loader as Senior Underwriter, Marine Trades
- China Re Will Sell Almost Half of $2B IPO to Cornerstone Investors
- Global Risk Partners Hires Lewer to Lead E-Trading; Lee for e-Trade Underwriting
- Willis Launches European Motor Risk Model for 3rd Party Exposures
- Typhoon Mujigae Hits So. China; Strongest Cyclone to Hit Region: AIR Worldwide
- JLT Acquires South Africa’s Eikos Risk Applications
- FERMA Forum Focuses on ‘Great Difficulties’ in an Ever Riskier World
- New FERMA President to Focus on Success of Professional Certification Program
- Thornton Named Managing Director of Global Risk Partners’ Retail Broking Unit
- Towers Watson Shareholders Plan to Vote Against Merger with Willis: Sources
- Willis Aims to ‘Shake Up’ UK Employee Benefits Market with PMI Health Acquisition
- Cyber, Reputation Risks Top List of CEO, Risk Manager Concerns: Marsh Survey
- Tischer Joins ANV Underwriters’ M&A Insurance Team
- Willis to Help Mobilize Global ‘Resilience Modelling & Mapping Forum’ for Nat Cat
- Run-Off Specialty Firm Catalina Agrees to Buy Allianz Suisse Re from Allianz SE
- ACE Appoints Divakaran as Marine Risk Manager for Asia Pacific
- Waiting List for Insurers to Get Seats on Lloyd’s Underwriting Floor Hits Record
- Validus Estimates Losses of $64 Million from China Port Explosion & Chile Quake
- AXIS to Close Australian Retail Operations, Cut 100 Jobs
- UK Insurers & Banks Must Appoint Whistleblower ‘Champion’ in UK Rules
- Japan Post’s IPO Listings – Which Include Insurer Unit – Could Raise Nearly $12B
- IRB Brasil Postpones IPO Amid Stock Market Turmoil: Reuters
- Validus Reaseguros Appoints Beltran as Head of Treaty Reinsurance
- Insurance Australia CEO Wilkins to Retire Next Month; Harmer Named Successor
- DUAL Launches New Private Clients Global Practice
- It’s a Tough Time for Reinsurers, but Their Defensive Strategies Are Working: S&P
- Dartigues Joins JLT Re’s Paris Office as Client Manager
- European Property Underwriting Forms Capacity Agreement with 3 Risk Partners
- Risk Managers Show Value with Their Understanding of Risk Tolerance: Willis
- ACE Enhances ACE Travel Smart for European Business Travel Insurance Buyers
- FERMA Launches 1st Professional Certification for European Risk Managers
- Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
- A.M. Best Affirms Zurich Insurance Ratings; Outlook Negative on Expected Losses
- A.M. Best: UK Non-Life Insurers’ Earnings Remain Under Pressure
- Markel International Names Hope as Senior Underwriter, Head of Mgmt. Liability
- Berkley Re UK Launches Global Facultative Property Unit; Galea to Lead Team
- Too-Big-to-Fail Insurers Face 10% Hike to Capital Requirements: Int’l Regulators
- Booth Joins DUAL as Non-Exec Chairman & Named Hyperion’s Non-Exec Director
- Competition, Customer Demand Worry Global SMEs but Optimism Rises: Zurich
- Endeavour Appoints Price to Drive Growth of U.S. & Canadian Specialist Business
- BB&T Buys 16.9% Stake in London-Based Miller; Willis to Keep Majority Interest
- Canopius Appoints Turner as Head of Specie
- ACE Offers Cover for Private Equity/Venture Capital Firms in Hong Kong, Singapore
- XL Innovate, XL Group’s Venture Capital Company, Acquires New Energy Risk
- UK Insurers Call for Collective Action to Address Climate Change
- World Energy Council Report Warns on Extreme Weather Risks
- Talboys Joins Miller for Sports and Leisure
- Best Affirms Lloyd’s Syndicate 510 [Tokio Marine Kiln] Ratings
- Zurich Announces Initiative to Fund Solutions to Social and Environmental Issues
- UPDATE: Joaquin Now a Major Hurricane; Nearing Bahamas
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