International & Reinsurance News for January 2014
- Best Affirms Swiss Re, Europe Affiliates ‘A+’ Ratings; Outlook Stable
- Commentary: Swatch Fire Losses and Contingent Business Interruption Coverage
- U.S. FAA Cuts India Aviation Safety Ranking as Standards Not Met
- UK Insurers to Pay Out $701 Million from December, January Floods
- Arch Capital Closes Acquisition of CMG Mortgage Insurance, PMI Operating Platform
- Prior Experience Heightens Perceptions of Disaster Risks
- El Nino May Return as Pacific Ocean Shows Signs of Warming
- Warming Climate Caused by ‘Human Influence’ Says IPCC’s Latest Report
- Sunderland Marine Members Vote for Merger with North of England P&I Club
- Oasis’ ‘Open Source’ Cat Model – a User Friendly Game Changer?
- Near Record $7.1 Billion in Cat Bonds Issued in 2013: Willis Capital Markets
- ACE Reports Q4 Net Operating Income of $824 Million; FY $2.317 Billion
- Aon Releases Terrorism, Political Violence Map; Retail, Transport Most at Risk
- Iran Oil-Shipping Insurance Seen Unusable on Lack of Clarity
- Oasis Consortium of 21 Insurers, Brokers Launches Independent Cat Model
- Oil Train Catastrophe Risk Weighs on Insurers: Kemp
- Ratings Recap: Ocean Re, RoyalStar, Echelon
- Cargo Specialist Franks Joins Marketform Underwriting Team
- Xchanging Strengthens APAC Ties with New Office in Singapore
- Aon Supports Observation of Today’s ‘Data Privacy Day’
- Willis Connects US and Global Facultative Operations
- Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead
- Companies Can’t Stop Data Theft at Reasonable Cost: Execs at Davos
- Canada, U.S. Safety Agencies Urge Fast Action on Oil-by-Rail Cars
- JLT Acquires Hong Kong-based Lambert Brothers Holdings
- Pacific Trade Partners Working on Final Stages for Agreement: U.S. Official
- S&P Reinsurer Ratings Downgrades ‘Very Controversial’ – Litmus Analysis
- Aon Benfield Securities Completes Europe Windstorm Cat Bond Windmill I Re
- Altitude Risk Partners Launches 1st Underwriting Cell on Castel’s MGA Platform
- Aviva CFO Regan Resigns after Four Years to Join QBE
- IAG Updates FY14 Guidance: GWP Down, Margins Up
- Generali Will Sell BSI Group ‘for Sure,’ CEO Greco Says
- Reinsurance at Crossroads As New Factors Sweep Away Old Habits
- Zurich Considering Deal to Resolve Panama Canal Dispute
- Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates
- Willis Launches Global Human Capital & Benefits Practice
- S&P Reinsurance Report Warns of ‘Negative Rating Actions’
- Global Situation is Creating a New ‘Lost Generation’: David Cole-Swiss Re
- Arctic Ocean to Get ‘Polar Code’ Shipping Rules; Will Lower Insurance Costs
- Endava Appoints Fegan to Lead its Insurance Division
- Magnitude 6.2 Quake Strikes New Zealand’s North Island: AIR Analysis
- Somali Pirates Driven Off in First Attack of 2014
- Car Use No Longer Growing in Developed World, But Why?
- Iglesias Succeeds Knight As President of Allied World North America
- Philippine Floods Kill 34 People
- Investors Should Support Global Warming Fight, UN Climate Chief Says
- Montpelier Re Appoints Brookman Sr. VP, Head of Capital Markets
- Marketform Strengthens Marine Team with McKellow Appointment
- PERILS Initial Loss Estimate for Windstorm Xaver is $925 Million
- Threats from Cyber Crime, Terrorism Under-Rated by Captives: Aon Report
- Japan Oil Buyers to Return to Private Insurance for Iran Imports
- China, India, Brazil Join U.S. As Among Biggest Contributors to Global Warming
- State Farm Canada Selling Insurance, Mutual Fund Businesses to Desjardins Group
- Cooper Gay Australia Creates Wholesale Division; Hyde Named Production Head
- Worsening Wealth Gap Is World’s Biggest Risk: World Economic Forum
- Europe to Relax Reinsurance Ban on Iranian Oil Exports Next Week
- Europe to Experience More Droughts Due to Climate Change
- Best Affirms, Withdraws Arden Re’s Ratings after Operations’ Sales
- Chubb Europe Launches Updated ‘MasterPackage’ for Technology Companies
- United Nations Explores Climate Change Solutions; Urges Carbon Dioxide Removal
- Tepco Rebuilding Plan Approved
- Uninsured Losses from Natural Disasters Growing: Swiss Re
- Pioneer Underwriters Launches Sub-Syndicate 1980 with Liberty’s 4472
- Cat Bond Coverage Reaches Record $20 Billion: Aon Benfield ILS study
- Everest Re’s Special Purpose Reinsurer Reaches $370 Million of Capacity
- Top 10 Corporate Risks in 2014: Allianz Risk Barometer
- German Public Sector Insurers Unlikely to Merge: Fitch
- RSA Launches New Restaurants and Hotels Policy
- Global Natural Disasters Cost Insurers $45B in 2013: Impact Forecasting
- Global Financial Regulators Eye Systemically Risky Non-Banks
- EU Sanctions Relief for Iran Includes Lifting Insurance Ban
- ACE Buying 69% Stake in Thai Insurer
- Pressure Mounts to Improve Oil-Rail Safety; Older Tank Cars in Canada Crash
- China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion
- Zurich No. Am. Names Kleiman as Canada VP, Regional-Commercial
- Weill, Former Citigroup Chief, Named Chairman of Cohen’s Former Reinsurer
- Nationale Suisse Granted Singapore Insurance License
- RSA Creates ‘Personal Lines Intermediated Division’
- Willis to Acquire Specialist Broker Charles Monat Limited
- RSA Fires Executives as PwC Probe Reveals Inaccurate Reporting
- Oil and Gas Fire as Canada Train Derails after Emergency Brakes Activated
- MGAA Sets February 24 as Date for Board Elections
- Europe Hit by $2.25 B Economic Loss: Impact Forecasting December Cat Report
- Zurich Names Dickie Chief Operations and Technology Officer
- Baloise Germany Agrees to Eliminate 400 Jobs Over Four Years
- India Refiners Delay Iran Oil Imports on Failure to Get Reinsurance
- Aon Benfield Securities Places $250 Million Cat Bond for QBE’s VenTerra Re
- Argo Group Establishes New Sidecar for 2014, Harambee Re
- Marsh to Acquire Scotland-Based Central Insurance Services
- Norwegian Air CEO to Meet Boeing over Dreamliner Problems
- Munich Re’s Review of 2013 Cat Losses Focuses on Weather-Related Events
- Catlin’s Insurance Co. Opens Singapore Branch
- Qualitas Aided by Pena Nieto Car Insurance Law: Corporate Mexico
- Yahoo Says Some Ads on its European Sites Spread Malware
- RSA Shares Soar on Report Irish Unit May Need No More Fresh Capital
- Swiss Re Shares Drop as Reinsurance Renewal Prices Fall: Zurich Mover
- Australia Swelters from Record Heat Wave; Bushfire Warnings Issued
- Lloyd’s Underwriters Warn of Rising Danger from Cyber Terrorism
- Tropical Cyclone Christine Hits Australia’s Pilbara Coast: AIR Worldwide Analysis
- Capital Capacity Softens January Renewal Rates up to 25%: Willis Re Report
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