International & Reinsurance News for July 2014
- Endurance Terminates Offer to Acquire Aspen
- Generali Expects to Reach Targets Earlier as Operating Net Rises
- RSA Commercial Business Makes New Executive Appointments
- Aon Names Bruno as Executive VP – Enterprise Innovation and CIO
- JLT Says Worst Rate Slump since 2001 Leading Insurers to ‘Naive’ Risk Taking
- RenaissanceRe Reports $120.8 Million Q2 Net Income; $93.6 Million Operating
- AXIS Capital Reports $191 Million Q2 Net Income; $173 Million Operating
- Willis Reports ‘Non-Operating’ Items Reduce Q2 Net Income to $47 Million
- Montpelier Reports $37 Million Q2 Net Income; $36 Million Operating
- XL Group Posts $279.3 Million Q2 Net Loss; $279.6 Operating Income
- S&P Report Finds Volume Increases as Prices Drop in the ILS Market
- Aon Benfield Analytics Releases Report on Lloyd’s
- New IFRS Standard to Significantly Change Insurers’ Financial Reports: A.M. Best
- El Nino Odds Reduced by Australia as Tropical Pacific Cools
- QBE Falls Most in 7 Months Amid 18% Profit Decline Forecast
- Hiscox Writes Less Reinsurance as Competition Hurts Pricing
- Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive
- State Bank of India Mulls Share Sales in Insurance, Asset-Management Units
- Aon Plunges Most Since 2012 on Reinsurance Revenue Decline
- COMMENT: Time to be Afraid – Preparing for the Next Big Solar Storm: Kemp
- UK MGAA Membership Hits $5.6 Billion Premium Mark
- UPDATE: Bad Weather Likely Cause of Air Algerie Crash – French Officials
- Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain
- Air Crashes Set 2014 on Course to Be Deadliest Since 2005
- AIA First-Half New Business Value Rises 23%, Led by China
- El Nino Seen Weak or Delayed for Several Months by Forecasters
- Validus Reports $153.4 Million Q2 Net Income; $315.8 Million 1st Six Months
- Air Algerie-operated Plane with 116 People Aboard Disappears en Route to Algiers
- AIG Identified As Lead Insurer in Taiwan Plane Crash
- Everest Re Posts $290.2 Million Q2 Net Income; $584.1 Million Half Year
- Airline War Risk Insurance Expected to Rise Due to Global Conflicts
- Allied World Reports $151.9 Million Q2 Net Income
- Best Comments on Insurance Implications of Malaysia Airlines Flight MH-17 Crash
- Typhoon Matmo Spares Taiwan from Major Damage; Moves to China: AIR Analysis
- TransAsia Air Crash off Taiwan Leaves 48 Dead, 10 Injured
- Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield
- Typhoon Matmo Targets Taiwan, Southeastern China: AIR Analysis
- Aon Launches ‘Technology-based Enhancement’ for WorldAware Solutions
- Smith to Head Guy Carpenter’s EMEA and Int’l. P&I Business
- Singapore Tells Airlines to Review Conflict Zone’s Risk Assessments
- Chairman Says Vietnam Insurer PVI Holdings 1st Half Profit to Beat Forecast
- ACE Limited Posts $779 Million Q2 Net Income; $1.513 Billion 1st Half
- XL Group Launches Cyber Liability Coverage in Brazil
- NHC Tracking Tropical Depression Two
- Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare
- Gen Re Announces Senior Appointments in Asia Pacific
- S&P Scores Global P/C Reinsurance Sector Risk As ‘Intermediate’
- More Data Can Increase Hurricane Exposure Understanding: ImageCat
- Allianz Backs ‘Legend’ Gross as Pimco Total Return Fund Lags Behind
- Typhoon Rammasun, Strongest Storm in Decades, Kills 18 in China
- Smart Meters Pose New Risks for Energy Industry
- Typhoon Rammasun Poised to Strike Hainan Province in China: AIR
- Malaysia Airlines Plane Crash Insurance May Pose Quandary
- Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash
- GFIA Supports Business 20 Initiatives to Promote Economic Growth, Stability
- McCafferty to Become CEO of UK’s Flood Re: ABI
- Typhoon Rammasun Passes South of Manila, Strengthening Expected: AIR
- Starr Companies Completes Majority Ownership of Chinese Insurer
- Best Assigns Ratings to Starr Property & Casualty Insurance (China)
- Emerging Capital May Sell Stake in Nigeria’s Continental Re
- Hamilton Re Forms Agency Agreement with Iron-Starr
- Why Isn’t Current Pricing Pain Impacting Reinsurers’ Ratings? – Litmus Analysis
- Typhoon Rammasun Makes Landfall in Philippines; AIR Analysis
- Record Settlement Reached in Australia Wildfire Class Action Lawsuit
- FCA Says Some Price-Comparison Websites Fail to Meet Standards
- Allianz Deutschland CEO Riess Sees No Need for Fresh German Cost-Cutting Plan
- Aspen Shareholders Should Reject Endurance Plan: Proxy Adviser Glass Lewis
- Shipwrecked Concordia Floated for Tow to Genoa
- Everest Re Group Names Carrier European General Manager
- Typhoon Rammasun Targets the Philippines; AccuWeather Report
- Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner
- ABI Proposes Initiative to Improve Policy Clarity for Customers
- Strong El Nino Seen Unlikely by Australia as Pacific Cools
- Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report
- Zurich Insurance to Double Green Bonds to $2 Billion on European Growth
- Generali to Sell BSI Unit to BTG Pactual for $1.7 Billion
- Aspen Shareholders Should Rebuff Endurance Board Plan, ISS Says
- Microsoft Says Cybercrime Bust Frees 4.7 Million Infected PC’s
- Ratings Recap: Lancashire, Qatar Insurance, Tunis Re
- TS Neoguri Makes Landfall in Kyushu; Continues to Weaken: AIR Analysis
- Allied World Adds Excess D&O to Product Offerings in Canada
- Ryan Re-Appointed as ‘Group on Earth Observations’ Secretariat Director
- Willis Appoints Chapman Middle East Regional Construction Industry Leader
- Insurance a Corporate Winner from India’s New Budget
- Golf Ball-Sized Hail Batters South African Insurers’ Earnings Outlook
- BTG Pactual Agrees to Purchase Ariel Re from Global Atlantic
- FERMA Agrees to Plan for European Certification of Risk Managers
- Aon Launches Entrepreneurs Program for Women-Led Businesses
- CCRIF Members to Benefit from World Bank’s First Cat Bond Issuance
- Guy Carpenter Appoints de Haas CEO of Benelux Region
- Dryad Maritime Reports ‘Increasing Threat’ of Piracy in Southeast Asia
- Typhoon Neoguri Approaches Kyushu: AIR Analysis
- Allianz Says Investments in Roads, Grids Lack Political Support
- Hub International Acquires Canadian Broker Gibson Insurance
- Rappaz to Head Qatar Re’s Global Liability Operations
- Typhoon Neoguri Lashes Okinawa; Heads for Kyushu: AIR Report
- Cat Bonds Totaling $4.5 Billion Issued in Q2 2014: Aon Benfield ILS Study
- Guy Carpenter Says Reinsurance Prices Squeezed by Oversupply
- Maritzen to Head New Endurance U.S. Commercial Property Operation
- Swiss Re’s New SONAR Report Investigates 26 Emerging Risks
- Typhoon Neoguri to Skirt Okinawa; Nears Kyushu Landfall: AIR Analysis
- Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis
- Cooper Gay, NMB Appoint Stephenson to Head Joint Reinsurance Unit
- Hiscox London Market Names Zelenoy to Build Lloyd’s Business in Brazil
- ACE to Acquire Brazil’s Commercial P&C Insurer Itaú Seguros
- Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
- Amlin Agrees ‘Non-Binding’ Terms to Increase Leadenhall Capital Stake
- Typhoon Neoguri Strengthens; Heads towards Okinawa, Japan
- Insurer Helvetia Agrees to Buy Nationale Suisse in $2 Billion Deal
- Arch Capital Makes Reinsurance Group Promotions; Management Changes
- Aspen & Endurance -‘Two Peas from the Same Pod’- Litmus Study Concludes
- CGSC Expands Wholesale Brokerage Business in Latin America
- Australia Sees Limited G20 Appetite on New Climate Change Steps
- Swiss Re Agrees to Purchase RSA’s Sun Alliance in China
- Zurich Insurance to Take $300 Million Loss on Russian Unit Sale
- Canadian Farm Flooding Seen Increasing Claims for Crop Insurance
- UN, IIS, Willis Urge ‘Convergence of Communities’ to Face Climate Change
- GC Securities Places $30 Million World Bank Cat Bond for CCRIF
- Catalina Completes Marine Liabilities Reinsurance Deal with Delta Lloyd
- Shares of ING’s NN Group Rise more than 5% in Stock Market Debut
- Brokers Say Reinsurance Prices under Pressure at Mid-year Renewals
- ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO
- European Insurance Federation Opposes Compulsory Environmental Liability
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