International & Reinsurance News for April 2014
- ACE Limited Reports $734 Million Q1 Net Income; $777 Million Operating
- Willis Group Reports $246 Million Q1 Net Income; CEO Comments
- UK’s Saga Confirms Plan to Sell Shares in London IPO
- Willis to Relocate 3,500 Workers after Profit Misses Estimates
- ACE Completes Majority Stake Acquisition of Thailand’s Siam Commercial Samaggi
- Allied World No. Am. Launches ‘ForceField’ Product Suite in Canada
- Are Bermuda’s Re/Insurers ‘Victims of Their Own Success?’ S&P Report
- EU Exit Could ‘Wreck’ London as Financial Capital, Says City Lobby Group
- Q-Re Renamed as Qatar Re
- U.S. Removes Philippines from Piracy Watch List after 20 Years
- ACE Group Appoints Wixtead to Head Tempest Re; O’Donnell for Tempest Re USA
- ACE Appoints Bonneau Exec. VP-Global Underwriting; Zaccaria for No. Am.
- PartnerRe Reports $295.7 Million Q1 Net Income; $176.9 Million Operating
- Hartford to Sell Japan Operation to Orix in $895 Million Deal
- Malaysia Jet Search Enters New Phase with Expanded Subsea Hunt
- Aon Benfield Appoints Pardo as Peru CEO
- Aon Q1 Net Income up 25% to $325 Million
- Validus Reports Q1 Net Income of $162.4 million
- Willis Appoints Martin to Succeed Hearn as CEO of UK Division
- Best Affirms Wilton Re, U.S. Subs Ratings
- XL Group Opens Reinsurance Operations in Middle East; Adds Staff
- Chanona joins XL Group as Senior Marine Underwriter in Mexico
- UPDATE: Missing Malaysia Jet Search Likely to Take Years – US Official
- Mexico, Nicaragua Earthquakes Unlikely to Impact Insurance Industry: Fitch Ratings
- Powerful Earthquake Strikes off Vancouver Island Coast: AIR Analysis
- Everest Re Posts $293.9 Million Q1 Net Income
- Aspen Reports $120.4 Million Q1 2014 Net Income
- Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains
- Hackers Target Global Tanker, Container Shipping Fleet
- UK Insurer Saga Could Announce $5 Billion IPO Next Week
- Divers Continue Search as South Korea Ferry Probe Turns to Cargo
- Echo Re to Write Treaty Reinsurance in Latin America with Madroñero’s EGRM
- Sanlam Unit Buys Controlling Stake in MCIS Zurich of Malaysia
- China Regulators Draft Rules for Insurer Trusts
- Genworth Financial to Raise as Much as $700 Million in Australia Offer
- Aetna Completes Acquisition of UK-Based InterGlobal
- CNA Appoints Mueller Vice President – International
- Endurance Appoints Housley as Global Property Insurance Leader
- Report: Former EU Banker Urges Reactivate Securitization to Enhance Credit
- El Nino Seen Starting by July as UN Highlights Risk to Rice
- Markel Int’l. Appoints Tidey Assistant Marine Underwriter in Singapore
- Aspen Adopts Shareholder Rights Plan; Endurance Slams ‘Poison Pill’ Defense
- Lloyd’s Focuses on Brokers, MGA’s, Capital in New Details for ‘Vision 2025’ Plan
- Strong M7.2 Earthquake Shakes Acapulco, Mexico City: AIR Analysis
- Bermuda Re/Insurers Post Strong Results on Favorable Cat Loss Experience
- A Tough Sell: Insurance Coverage for a China Financial Crisis
- Broker/Insurer Combo Launch Food and Beverage Industry Contamination Coverage
- Mexico Broker AER Joins Brokerslink in Expansion Move
- Sompo Japan, Nipponkoa Looking for Growth beyond Traditional Assets
- Willis Exec Warns Mutual Insurers Face Increasing ‘Pricing Pressure’
- Poland’s PZU to Pay $498 Million for RSA’s Eastern European Units
- UPDATE: So. Korean Divers Search for Ferry Survivors; Re/Insurers Identified
- Beazley Enhances Worldwide Breach Response Services
- Best Affirms Montpelier Re Holdings and Company Ratings
- Elia Joins Argo Group as Chief Human Resources Officer
- Kerr to Head New Allied World Canada Branch Office
- 3rd IPCC Report: Greenhouse Gas Emissions Accelerate Despite Reduction Efforts
- South Korea Says 293 Missing After Ferry Sinks En Route to Jeju Island
- RSA U.K. Chief Brown to Leave in First Resignation under Hester
- Ratings Recap: Samsung Europe, Transmonde, MAPFRE PRAICO, Ocaso
- London-Based MGA Nexus Forms New Specialist Product Line
- Best Upgrades Ratings for Most ACE Limited Subsidiaries; Outlooks Stable
- AIR Worldwide Appoints Guin Executive VP to Direct Research Program
- Will Ratings Concerns Hinder Reinsurer M&A, Hedge Fund ‘Play’? -Litmus Analysis
- XL’s CEO McGavick Says He’s Open to Deals for Life Reinsurance Unit
- Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’
- Cyclone Ita Landfall in Queensland as Cat 4; Cat 3 as It Moves Inland: AIR Analysis
- Willis Highlights Coverage Gap of $100 Million in Uninsured Cargo Losses
- Willis Strengthens Capital Markets Unit in Asia, London
- Firefighters Battle Killer Blaze in Valparaiso, Chile
- Magnitude 7.6 Quake, Heavy Waves Strike Solomon Islands
- Impact Forecasting to Launch Combined Chile Quake/Tsunami Cat Model
- Global Reinsurer Capital at All-Time High of $540 Billion: Aon Benfield
- Aon’s New Political Risk Map Highlights ‘BRICS’ Increased Risks
- Catlin Establishes General Aviation Consortium at Lloyd’s Asia
- UN Climate Report Seeks ‘Clear-Cut’ Economics to Guide Actions
- Chile Quake, Tsunami Losses Unlikely to Affect Local Insurers’ Ratings: Fitch
- Axa Eyes Sale of U.S. Reinsurer
- Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s
- London’s Office Boom Revives Talk of Building Tallest Skyscraper
- European Insurers Shifting Investments Into Loan Market, Acting Like Banks: Moody’s
- Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions
- Dubai Sees Another Boom on Horizon, Promises Prudent Management
- Brazilian Lender BTG to Launch Insurance Units in Latin America
- IMF Sees Global Growth Gaining Along with Rising Risks in Emerging Economies
- 70% Chance of El Nino Extreme Weather Event in 2014: Australian Meteorologists
- Hiscox Re Names Bakhshi, Thakrar Chief Officers
- China Relaxation of Insurance M&A Rules Could Invite More Global Firms
- Ng Joins Miller’s Treaty Reinsurance Team in Hong Kong
- Scientists Warn: Prepare Now for Next Nuclear Plant Accident
- Stolen Marquis de Sade’s Sex Manuscript, Insured by Lloyd’s, Returns to Paris
- Arthur J. Gallagher to Buy Australian Wesfarmers’ Insurance Brokerage
- Malaysian Plane Tragedy Increases Pressure for Plane Tracking after MH370
- Arthur J. Gallagher Buys New Zealand’s Mike Henry Brokers
- Canada Supreme Court Agrees to Hear Chevron in $9.1B Ecuador Case
- Canadian Pacific Backs Insurance Mandate for Firms Shipping Oil by Rail
- Allianz Expands in Canada to Energy, Mining Markets
- Zurich CFO’s Widow Rejects Insurer’s Report on Suicide; Zurich Defends Probe
- Alibaba’s Grand Vision for E-Commerce Empire Includes Insurance
- UN Climate Chief Calls For ‘Urgent Transformation’ of Oil, Gas to Green Energy
- Ratings Roundup: Malayan Insurance, China Taiping, Energas
- U.K. Financial Markets Watchdog Under Fire for Insurance Leak
- S&P Revises Outlook on CGSC to Negative; CEO Comments
- Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects
- Enstar and Stone Point Capital Complete Torus Acquisition
- Zurich CFO’s Widow to Confront Insurer at Annual Meeting; Company Defends Probe
- Huge Earthquake off Chile’s Northern Coast Triggers Tsunami
- April Renewals Confirm Reinsurance Rates Continue to Fall: Willis Re Chairman
- Catlin’s Comments on IPCC Report Stress Need to Minimize Risks
- PERILS Issues Updated Europe Industry Exposure Database for 2014
- Ironshore Canada, IronPro Division Appoint M&A Execs
- Italy, France Threaten European Growth: Swiss Re Economist Kurt Karl
- Chubb Appoints Barr as European Environmental Manager
- 2013 Floods Prove Positive Results from Defense Measures: Munich Re
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