International & Reinsurance News for August 2011
- Marsh Acquires Brokerage Business of Africa’s Alexander Forbes
- Report Says Asia to Add 1.66 Million Millionaires by 2015
- Irene Losses Won’t Trigger Policy Payouts – CCRIF
- Swiss Re Sigma Study Examines Government/Private Sector Coverage
- Ratings Roundup: MS Frontier, Abu Dhabi National
- Swiss Re Analyzes Effects of Economic Crisis on Nordic Insurance Market
- Travelers Promotes Lloyd’s Syndicate 5000 Underwriters
- Typhoon Nanmadol Departs Taiwan, Heads for China
- Tropical Storm Katia Forms in Eastern Atlantic
- Willis Develops Coverage for Nuclear Exclusion Risk
- P/C Industry ‘Adequately Capitalized’ Says Best, Despite Irene Losses
- AIR Estimates Irene Insured Caribbean Losses at $500 Million to $1.1 Billion
- Swiss Re Applies for Local Reinsurance Registration in Brazil
- 8 Dead as Typhoon Nanmadol Slams Northern Philippines
- Forecasters Track Additional Storms
- Best Affirms China Re and Subs ‘A’ Ratings; Outlook Stable
- UK Travel Insurer Columbus Direct Expands into German Market
- Willis Acquires Polish Broker to Expand Employee Benefits, Construction
- Irene Causes Extensive Property Damage on Smaller Islands in the Bahamas
- Bermuda’s Catalina Holdings to Acquire Residential Loss Control Holdings
- ACE Expands Environmental Team in London
- Willis, ACE Team-up for First ‘e-Accounting’ Processing in London Market
- Profits Soar at Australia’s IAG, but Outlook Hits Shares
- Caribbean Countries form Partnership to Develop Climate Change Strategies
- Recap of Forecasts for 2011 Atlantic Hurricane Season
- Australia’s Suncorp Profit Falls 42%; Hints at Capital Return
- ConocoPhillips Evaluating China Oil Spill Impact
- Official Says Germany Wants Armed Guards on Europe Ships
- Ratings Roundup: Continental Re, African Re
- UK’s Collinson Appoints Scott Wholesale Sales and Strategy Director
- Insurers Contribute over $17 Billion to UK Economy
- ACE Expands Terrorism, Political Violence Team; Biggas is New Underwriter
- U.N. Nuclear Chief Sees Added Safety Costs As Manageable
- Pirates Attack 2nd Tanker in 2 Days near Omani Port
- London’s Marine Insurers Say Libya to Stay on ‘High Risk’ List
- Electronic Endorsements Success Spreads across London Market
- S&P Revises Outlook on AEGON to Stable; Affirms Ratings
- Giggins Joins Miller’s Hong Kong Office for Asian Financial Risks
- Lancashire’s Shareholders Approve UK Tax Move Plan; Share Increase
- MMA Insurance UK Expands Commercial Auto Coverage
- Hurricane Irene – 1st of the Season – Could Hit Miami
- Aruba Police Probe Insurance Link in Missing Tourist Case
- Chinese Insurer Ping An Posts 33% Rise in 1st Half Profits
- XL Insurance Names Hookings as Australian Environmental Underwriter
- QBE 1st Half Net Profits up 53% to US$673 Million
- Best Affirms Oman’s National Life & General Ins. Co. SAOC Ratings
- Lloyd’s Marks 100th Anniversary of 1911 Act
- Bermuda Association Lauds Government Progress on Solvency II ‘Equivalence’
- Travel Insurers Pay $7 Million a Week to Stricken UK Travelers Says ABI
- Lloyd’s Levene, Marsh’s Duperreault Assess Insurance Industry
- Sarkozy, Merkel Push Euro Integration; No Joint Bonds
- China to Expand Investment Options for Overseas Yuan Holdings
- Legal & Professional Insurance, Marsh to Offer Small Firm Professional Indemnity
- Big Insurers May Escape Capital Surcharges Under Global Regulations
- UK’s Legal & Professional Ins. in Deal with Marsh for Small Firm Coverage
- Sarkozy & Merkel Face ‘Stark Choice’ in Euro Zone Talks
- Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
- Shell North Sea Pipeline Leak – ‘Substantial’
- EQECAT Models $260 Mn Windstorm Risk Cat Bond for French Nat’l Power Co.
- Tokio Marine to Acquire All of Hawaii’s First Insurance for $165 Million
- Tropical Storm Gert Strengthens, Will Brush Bermuda
- Ratings: Sunderland, Citadel Re, Alliance (Dubai), Oman Ins., SCRe (Morocco)
- UK Insurers Welcome PM’s Pledge on Compensation Scheme
- Best Affirms Infrassure’s ‘A-‘ Ratings; Outlook Stable
- Chinese Bullet Train Maker Halts Some Production
- Mitsui Sumitomo Appoints McDermott Syndicate 3210 Active Underwriter
- Event Cancellation Coverage for UK Riots Rarely Applicable
- ABI Assures UK Business Owners of Insurance Coverage for Riot Losses
- Aon Benfield Sponsors Updated Atlas of Natural Disaster Risk in China
- Sources Say New China Life Files for up to $4 Billion IPO
- NMS Report Highlights Continued Somali Piracy; New Threat in Gulf of Guinea
- Flagstone Realigns Management; Prestia Named CEO Flagstone U.S
- Sony Says London Warehouse Fire May Affect UK Deliveries
- SCOR Finalizes Acquisition of Transamerica Re
- Cooper Gay Swett & Crawford Appoints Kruger as First Group CIO
- ABI Explains UK Riot Coverage; Damages Estimated to Exceed $162 Million
- Britain Burns: Riots Spread through UK Cities
- UK’s Sportscover Snares Badminton Tournament Coverage
- ABI Reacts to London Riots; Details of Insurance Coverage
- Lloyd’s: Drought Caused Subsidence Costliest Natural Hazard in Parts of Europe
- Marine Insurers Add Benin to Risk List after Attacks
- Guiry to Succeed Doubtfire as Marketform CFO
- S&P Revises Outlook on Platinum to Negative; Affirms Ratings
- Best Revises Alterra, Operating Subs Outlook to Negative; Affirms Ratings
- Hannover Re Posts $313 Million Net Income for 1st Half 2011
- European Insurers’ Greek Hit Fuels Debt Concerns
- Shell Faces First Nigerian Oil Spill Claims in UK
- Despite Q2 Profits Munich Re Posts $297 Million 1st Half Loss
- Typhoon Muifa Drops Heavy Rains on Philippines; Moving to China
- Tropical Storm Emily Breaks up over Haiti; Still Threatens Rains
- Aon Benfield Monthly Report Highlights Increased Global Storm Activity
- Insurers Prop up European Shares Ahead of ECB News Conference
- Tropical Storm Emily on Path toward Haiti
- ING Wavers on Insurance IPO Plan
- Catlin Hit by $201 Million Net Loss for 1st 6 Months
- Lee to Succeed Haste as RSA Group Chief Executive
- Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action
- CCRIF Builds Regional Capacity for Storm Impact Forecasting
- UK’s ABI Details Increase in Fraudulent Claims – $29 Million per Week
- Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%
- Ratings: Gulf Re, Heddington, Cooperativa Seguros, Contractors Bonding (NZ)
- Wafer to Replace Berger as Alterra’s Reinsurance CEO
- Second Quarter Earnings Reports: PartnerRe
- Willis’ Leisure Industry Report Highlights Vulnerability to Cyber Attacks
- Maritime Intelligence Service Offers Advice on Armed Guards on Ships
- Tropical Storm Emily Heading for Puerto Rico, Hispaniola
- When Rating Agencies Judge the World – an Analysis
- China Mulls Creation of New Regulator for State Financial Sector
- Insurers Interested in ING European, Asian Units
- Validus Urges Transatlantic Talk About Takeover Offer
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