International & Reinsurance News for November 2015
- Lloyd’s Syndicates Join Forces to Help Emerging Markets Build Nat Cat Resilience
- Brazil to Sue BHP and Vale for $5.24B in Damages Caused by Burst Dam Disaster
- Delta Lloyd Plans to Raise $1.06 Billion in Rights Offer to Improve Capital Position
- Dutch Insurer NN Eyes Growth Through Acquisitions
- Sompo Japan Canopius Re Gets ‘A’ Rating; to Begin Writing Business on Jan. 1
- ACE Names Hudson as Global Head of Trade Credit Insurance Business
- Zurich Insurance Plans to Exit P&C Business in Middle East After Strategic Review
- ACE Announces Claims Leadership Team for Overseas General Insurance Division
- Hamilton’s Lloyd’s Operation Appoints 2 Senior Underwriters
- Planet Moves Closer to Dangerous Levels of Warming with 2015 Temperatures: UN
- 2 South African Insurers Bet $375 Million on West & North Africa Expansion
- Cyber Attacks on Private Sector a Growing Corporate Credit Risk: Moody’s
- CNA Hardy Continues U.K. Regional Expansion, with Opening of 5th Office
- Emerging Markets Are Growth Engines for Re/Insurance Industry: Swiss Re Report
- ACE Appoints Future Leadership Team for Chubb Group’s Latin America Region
- Market Responds to Suggestions that NN Group Acquire Delta Lloyd
- State-Backed Terrorism Reinsurance Fund Likely to Aid Paris Firms in Recovery
- Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO
- ACE Appoints Leadership Team for Chubb’s Far East Region
- ACE Appoints Leadership Team for Chubb Group’s European Division
- Allianz Aims to Increase Premiums by $6.9 Billion Annually
- 78 Major Firms Urge Governments to Use Carbon Pricing to Curb Global Warming
- Weather-Related Disasters Occurred Almost Daily in Past Decade: U.N. Report
- U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey
- London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey
- Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions
- ACE Names Future Leadership Team for Overseas General Insurance Operations
- ACE Makes Future Leadership Appointments for APAC Region
- China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
- Large British Insurers Get Major Exemption from Proposed EU Audit Rules
- RenaissanceRe Syndicate Mgmt. Names Brennan as CEO, Murphy as Chairman
- El Niño Helps Create Another Record Year for High Temperatures
- Validus Announces Senior Executive Appointments at Talbot Underwriting
- Brazil Mining Disaster to Lead to Stricter Insurance Standards, Oversight
- ACE Names Keogh as Executive Vice Chairman & Chief Operating Officer
- PartnerRe’s Shareholders Approve Acquisition by EXOR
- Travelers Appoints Casella as Senior VP, International Insurance
- Tower Watson Sweetens Willis Merger Offer by Doubling Special Dividend to $10
- Zurich Makes Changes to U.K. General Insurance Executive Team
- Buffett’s Favored Banker, Trott, Plans European Expansion with London Office
- A.M. Best Revises Outlook to Positive for Aspen and Its Subsidiaries
- Aon Benfield Names Nevard Chief Commercial Officer, Global ReSpecialty Unit
- Beazley Offers ‘Weather Guard’ in Australia for Weather-Related Revenue Losses
- Willis Weighs Increasing Offer for Towers Watson, Amid Opposition to Deal
- Mine Disasters Show Real Cost of Using Cheap Solutions for Waste Storage
- Tianjin Port Explosions to Cost Industry at Least $2 Billion: Insurer Filings
- Willis Launches Electronic Platform for Faster Premiums, Claims Payments
- Islamic State’s Business Model Must Be Disrupted: Bloomberg Editorial
- AXA’s Property Unit to Develop Tallest Skyscraper in City of London
- ACE Appoints Matthews as Claims Client Relationship Manager for UK & Ireland
- UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism
- El Niño Expected to Become One of Strongest on Record: UN’s Weather Agency
- Global Acts of Terrorism Cost $52.9 Billion in 2014 – Highest Price Since 9/11
- Storm Barney to Raise Flood Risk & Damaging Winds Across UK
- Marie-Jeanne Appointed Chief Data Officer of AXA Group
- Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA
- UK’s Xchanging Receives Takeover Offer from Software Maker Ebix for $684M
- Allianz Forms ‘Digital Transformation’ Unit; Various Senior Execs Appointed
- History Shows Economies Are Resilient After Terrorist Attacks
- Brazil Mine Disaster Could Devastate Ecosystem for Many Years
- HSB Engineering Insurance Launches Cyber Insurance Cover for UK SMEs
- Brazil Slaps Initial Fine of $66 Million on Mine for Burst Dam Disaster
- Integro Acquires Ellis Clowes, UK-Based Motorsports Specialty Broker
- International General Insurance Co. Appoints Mauduit as Head of PI
- Tokio Solution Appoints Lane and Harigai as Co-CEOs
- UK’s Xchanging Receives Takeover Bid from Computer Sciences Corp. for $640M
- Zurich Insurance Plans to Replace CEO Senn, Reports Swiss Magazine
- German Advisers Warn Europe’s Low Interest Rate Policies Risk Financial Stability
- Climate Risk May Hit Equity Portfolios as Investor Sentiment Shifts: Study
- Aspen Insurance Appoints McElroy as Global Head of Environmental
- Arch Capital Group Ltd. Names Grandisson President & Chief Operating Officer
- Brazil Vows to Make BHP & Vale Pay Fine & Cleanup Costs for Mine ‘Catastrophe’
- Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market
- Allied World Global Markets Appoints Lisi to Augment Healthcare Team
- ISS Advice on Willis-Towers Deal ‘Encourages’ Short-Term Shareholder Activism
- Proxy Advisers Recommend Towers Watson Shareholders Vote for Willis Merger
- Allianz Group’s AGCS Names Fellows Head of Market Management Canada
- Update: Senior Bradesco Insurance Executives Killed in Brazil Plane Crash
- Insurers Face Claims of $600 Million from Brazilian Mine Disaster: Sources
- The Perilous North Atlantic – Europe’s War Time American Lifeline
- RMS: Cat Bond Analysis Reveals Market Predictions of Price Bottom Are Optimistic
- Inclusion on List of Too-Big-to-Fail Insurers May Alter Business Strategy: Fitch
- Xchanging Wins 3-Year Services Deal Supporting Lloyd’s Asia Platform
- Aspen Launches Singapore Operation via Lloyd’s Platform; 2 Senior Execs Hired
- EU Expected to Agree to Securitization Plan by Year End, to Boost ABS Market
- Global Temperature Rise on Track to Hit Half-Way Point of ‘Tolerable Threshold’
- AXA to Buy Charter Ping An in Philippines, Eyeing P&C Growth Opportunities
- Zurich to Cut 440 Jobs at U.K. P&C Insurance Unit as Part of Cost-Cutting Program
- London’s Development of Islamic Products Enhances Position as Insurance Hub
- VW Engineers Admit Rigging CO2 Emissions over Job Fears: Report
- U.K.’s Allianz Insurance Appoints Watts as Head of Casualty Claims
- Hyperion Appoints BP CIO, Grobler, as Group Chief Information Officer
- Willis ‘Disappointed’ that Tower Watson Shareholders Advised to Reject Merger
- Russian Air Crash Bomb Theories Highlight Insider Threat to Aviation Security
- ACE Appoints Brown as Political Violence & Terrorism Underwriter at AOG Unit
- Zurich Prefers Using $3B in Excess Capital on Purchases, Not Shareholder Payouts
- Global Cat Losses in October Likely to Top $10 Billion: Impact Forecasting Report
- Allianz’ Q3 Profit Down 15% as Earnings Decline at P&C, Asset Management Units
- Towers Watson Investors ‘Should Reject’ Merger with Willis: Advisers
- Generali Q3 Profit Falls 18% on Decline in Life Insurance Business
- China Asked to Revise Draft Cyber Security Rules Affecting Insurance Industry
- Update: RSA Reports 1% Rise in NWP Despite ‘Distraction’ of Zurich Bid
- Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P
- Zurich Insurance Q3 Profit Falls 79% on Losses from Tianjin Port Explosions
- Munich Re Q3 Profit Declines 29% on Investment Earnings
- London’s IUA, Singapore Reinsurance Ass’n. Announce Partnership Pact
- Aspen Insurance Appoints Cohen as President and Chief Underwriting Officer
- Japan Post’s IPO Raises $12B in Country’s Biggest Privatization Since 1987
- Canada’s Economical Insurance Moves Closer to Becoming Public Company
- UK Chief Regulator Appeals to Insurers as She Fights to Keep Top Job
- Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
- Willis Appoints Baudouin as Mexico CEO
- UK’s Direct Line Hikes Motor Premiums as Result of Claims Inflation
- IGI (UK) Appoints Hall and Gosling to Construction and Engineering Team
- UPDATE: Chapala Threatens Yemen with Flooding, High Winds: AccuWeather
- Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery
- Aegon, Transamerica’s Owner, Added to FSB’s List of 9 Too-Big-to-Fail Insurers
- A.M. Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
- Update: Investigators Expected to Quickly Unravel Mystery of Russian Plane Crash
- BHSI Launches D&O & Professional Indemnity Policies in Asia
- ACE Expands Political Risk & Credit Division to Japan; Takagi Named as Manager
- US and UK to Hold Joint Exercise to Test Cyber Security of Global Financial Firms
- Unusually Strong Cyclone Chapala Nearing Oman, Yemen: AccuWeather
- Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models
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