International & Reinsurance News for July 2012
- Geneva Association’s Fitzpatrick Warns against Mixing Bank and Insurance Regs
- Earnings Reports: PartnerRe, Greenlight Re
- Willis Opens New ‘Superyacht’ Office in Barcelona
- Ratings Recap: Continental Re, Gulf Re
- Hiscox Post $197.5 Million 1st Half Profit; Childs to Become Chairman in 2013
- Evidence for Climate Extremes, Costs, Gets More Local
- More Earnings Reports: Validus Holdings, Montpelier Re
- Earnings Reports: Arch Capital, SCOR Group
- South Korea May Resume Iranian Crude Oil Imports Soon
- Allianz Adds London, Nice Stadiums to Its ‘Family’
- Best Affirms Lloyd’s UK, China ‘A’ Ratings; Outlook Stable
- ECB Head Sends Strong Signal Bank Will Act to Protect Euro Zone
- Earnings Reports: Aspen Insurance Holdings, Everest Re Group
- RSA Appoints New Construction & Engineering Head
- Insurance-linked Securities Top $2 Billion in Q2: Aon Benfield
- Arch Capital Names Lyons Executive VP, CFO
- Earnings Report: ACE Limited
- Typhoon Vicente Hits Hong Kong, but Only Minor Damage Reported: AIR
- Insurance is Key as Investment Frontiers Open, Says World Bank Exec
- ING in Restructuring Talks with EC, Dutch Government
- Dsouza Joins Argo Group in Dubai as Casualty, Professional Lines Underwriter
- Fairfax’s Watsa Raises Stake in BlackBerry Maker RIM to Nearly 10%
- China Drafts Rules for Insurers to Raise Private Equity Stakes; Trade Derivatives
- Japan’s All Nippon Airways Grounds Dreamliners, Citing Engine Corrosion Risk
- AIR Analyzes Fallout from Heaviest Rainfall to Hit Beijing since 1951
- UK’s Pioneer Underwriting to Launch Professional Indemnity Team
- AIR Expands Suite of Catastrophe Models for Australia
- Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned
- Super Rich Hold up to $32 Trillion in Offshore Havens
- China Rains, Floods Cause Many Deaths; Beijing Hit Hard
- Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations
- UIB Restructures Property Team to Promote Growth
- Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift
- Earnings Report: Beazley Group
- Montpelier Re Names Dalton President of Montpelier Underwriting
- Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor
- IRB Brasil Re Licenses RMS Cat Models
- Best Affirms Polish Re’s Ratings; Outlook Stable
- Heat Waves Need ‘Re-purposed’ Climate Research: Reuters Gerard Wynn
- Ratings Recap: CIBC Re, ACS (NZ) Ltd, CCR (Algeria)
- World Bank Head Warns No Region Immune to Europe Debt Crisis
- UK Insurers Paying $26.6 Million a Day for June Floods ABI Reports
- Russia Backs WTO Entry; U.S. Friction Persists
- Former Lloyd’s Head Lord Levene Named Starr International Vice Chairman
- RSA Updates Earnings Forecast after UK Weather, Italian Quake Losses
- Geneva Association Survey Targets ‘Inappropriate Regulation,’ Economic Crisis
- China Reinsurance Company Licenses AIR’s Suite of Cat Models
- EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts
- Australian Woman Wins Multi-million Thalidomide Payout from Diageo
- Iran Offers to Insure Foreign Ships to Skirt EU Ban
- Rain, Floods Cause Heavy Damage in Southwest Japan: AIR Analysis
- AIR Unveils Cyclone Model for India
- Finaccord Survey Finds Growth in EU Commercial Non-life Brokerage Receipts
- El Nino Indicators Ease; Still Expected in Late 2012
- IMF Cuts Global Growth Forecast as Emerging Economies Slow
- Chancellor Merkel Warns of Increased Global Warming if no Climate Deal
- Efforts to Tackle Somali Piracy Paying Off Says IMB
- Let the 2012 Olympic Games Insurance Challenges Begin!
- Ratings Recap: Jubilee (Pakistan), Montana Re (notes), United
- Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re
- Best Affirms SCHWARZMEER UND OSTSEE (SOVAG) Ratings; Outlook Stable
- Bid Deadline Nears for ING’s Asia Insurance Business
- EU under Pressure to Delay Solvency II Insurer Capital Rules
- UK Auto Insurer Direct Line in Play as Private Equity Groups Circle
- Willis Obtains Commercial Lines Intermediary License from Guernsey
- South Korea Considering Resuming Iran Oil Imports: Gov’t. Sources
- Lloyd’s Marks First Anniversary of ‘Claims Transformation Program’
- 6 Month Insured Losses at $12 Billion; Nat Cats Less Costly: Munich Re
- EIOPA Releases Final ‘Own Risk and Solvency Assessment’ Report
- RSA Is Latest Insurer to Join Managing General Agents’ Association
- Towers Watson Appoints Howard Global Brokerage Leader; Eyre in New Post
- Ironshore Europe Makes 3 Executive Appointments for London Office
- Global Mobile Operators May Provide New Distribution Channels: Finaccord
- Iran Oil Shipments Skirting Tanker Insurance Ban
- Blackstone Backs ex-AIA Chief in ING Asia Sale Race: Source
- Japan Insurers Expand Cover to Boost Iran Oil Shipping Capacity
- Negative Rates and Currency Wars: Commentary by James Saft
- Russian Lawmakers Ratify WTO Entry
- Fitch Affirms Lloyd’s ‘A+’ Ratings; Outlook Stable
- ABI Chides UK’s Riot Compensation Scheme for Shortchanging Londoners
- Growing Amount of Space Debris Threatens Satellites: Allianz Report
- Best Assigns ‘A-‘ Ratings to S.A.C. Re, Ltd.; Outlook Stable
- Guy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses
- S.A.C. Re Begins Operations in Bermuda; $500 Million in Capital
- Kerr to Head BMS Growth in Australia, Asia-Pacific
- US Lawmaker Asks Tuvalu to Stop Reflagging Iran Oil Tankers
- Euro Zone May Be Fragmenting Faster than EU Can Act
- Guy Carpenter Report Focuses on Asia-Pacific 2011 ‘Climate Issues’
- Montpelier Re Names Dr. Gero Michel Head of Risk Analytics
- Death Toll Mounts from Floods in Southern Russia
- Catalina Holdings Acquiring Two Insurance Operations from HSBC
- Ratings Recap: Kuwait Re, Ageas, Al Fajer Re, Generali (Notes)
- UK Insurer Aviva Culls Units in Turnaround Drive
- Equipment Failure, Training, Inspection Flaws at Fault for Rio-Paris Crash
- Zurich Names Haugh to Newly Created Chief of Staff Position
- Black Heads Swiss Re’s Brazilian, So. American Reinsurance Operations
- Weather Forecasters Say El Nino Could Return in Q3
- Mitsui Sumitomo at Lloyd’s Names Burke CRO
- PERILS Updates Windstorm Andrea Loss Estimate to $422 Million
- Willis’ Faber Global Division Establishes Singapore Office
- BMS Launches Predictive Modeling Tool in Tie-up with Pinnacle Actuarial
- Willis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk
- No Let Up in Gloom for Europe’s Biggest Economies
- Guernsey Licenses 63 New Insurance Entities in First Five Months of 2012
- Best Affirms Lancashire’s ‘A’ Ratings; Stable Outlook
- Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn
- UK Watchdog Reviewing Regulatory Supervision after Libor Scandal
- CNA Completes Acquisition of Hardy Underwriting Bermuda Ltd.
- Ratings Roundup: Delvag, Ocaso
- RSA Inks Agreement w/ The Co-operative Insurance for Auto Claims
- MDS Group Launches HighDome, a Self Insurance Protected Cell Company
- Apple Pays $60 Million to Settle China iPad Trademark Dispute
- Scientists Conclude Rise in Sea Level Cannot Be Stopped
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