International & Reinsurance News for May 2008
- RBS Extends Insurance Offer Deadline into June
- Izard to Retire from Endurance
- Secquaero Licenses AIR Worldwide’s CATRADER to Manage Cat Bonds
- AXA Gives Progress Report on its ‘Ambition 2012’ Project
- Starr Foundation Pledges $1 Million for China Earthquake Relief
- RMS Attends Chinese Regulatory Conference to Promote Data Standards
- S&P Report Foresees Improvement in UK Non-Life Insurance Sector
- Willis Strengthens Latin America Employee Benefits Practice
- Europe’s Insurers Lead M&A Activity Says Conning Report
- Ratings Roundup: Inter-Industry, Western Isles, PARIS RE, Fairfax, AmerInst, Omega, Lloyd’s Syndicate 958
- Generali Pulls Out of RBS Insurance Deal as Deadline Nears
- Marsh Reports on Power and Utility Companies’ Captives
- Global Coalition Calls WTO Service Proposals Disappointing
- ChinaGrowth to Acquire UIB Group
- Aon Receives Saudi License
- Hongler to Lead Zurich’s European Operations; Joins Management Board
- ACE Europe Names Drinan Distribution, Development Director for UK & Ireland
- China’s CNinsure Forms Two New Agencies
- Kuwait Offer $792 Million for Willis New Building; Sets Property Marker
- Zurich Favored to Buy RBS Insurance
- London’s City Risks Floods
- Swiss Re Receives Brazil License
- Insurance Australia Group CEO Steps Down After Rejection of QBE Bid
- Catlin Names Ibeson to Direct UK Operations
- ACE Contributes $1 Million to China Earthquake Relief
- Ratings Roundup: Civic Assurance, Ballantyne Re
- WTO Issues New Proposals for Services
- WTO Chief Sees June as Turning Point for Trade Deal
- Former Regulator Yongwei Ma Joins CNinsure Board
- Australia Approves AXIS Branch
- UK’s Co-Operative Insurance Launches ‘Sexy Green Car Show’
- PartnerRe to Issue $250 Million Senior Notes; Ratings in the ‘A’ Range
- Lloyd’s Members Approve Proposals to Modernize Governing Statute
- Zurich Frontrunner for Royal Bank of Scotland Insurance Buy
- U.S. Offers Political Risk Insurance for Investments in Palestinian Economy
- RMS Launches New Catastrophe Modeling Analysis Service
- Chubb Establishes $1 Million Fund for Asia Disaster Relief
- Lloyd’s Notes Increased Popularity and Value of Celebrity Autographs
- Man United Champion’s League Triumph Gives AIG Some Welcome News
- FSA fines AIG’s UNAT Sub $1.26 Million for Call Center Violations
- XL Holds ‘Global Day of Giving’
- Allianz in Talks on Dresdner Bank
- IAG Rejects QBE Proposal as ‘Inadequate’ – Offer Withdrawn
- Aon Re Global Names Thofern as CEO of German Branch
- Catlin Reorganizes Asia-Pacific Management Team
- Quy Joins Lockton Construction Team
- RI3K Receives 3 ACORD Awards
- RMS Launches ‘ExposureSource™’ to Increase Cat Model Accuracy
- China Quake Estimates: 50,000 Dead; $9.5 billion in Company Losses
- Proposals Issued for WTO Doha Deal
- Ratings Roundup: Gard M&E, Industriforsikring, Eureko, Echelon
- QBE Ups Offer for IAG; ‘Short of Fair Value’ Says Takeover Target
- EU Commissioner Sees ‘Makings of an International Trade Agreement’
- Willis, Lloyd’s Create Largest Launch Coverage for Eutelsat
- AIG: $1 Million for China Quake Relief
- Buffett Won’t Bid for Royal Bank of Scotland’s Insurance Unit
- S&P Rates AIG’s New Debt Offerings
- WTO Tells U.S to Cut Trade Barriers, Improve Exports
- PartnerRe Makes Executive Changes in Global Operations
- Munich Re, Aon Securitize Japanese Earthquake Risks
- Lyons to Succeed Jones as Chairman, CEO of Arch Worldwide
- Catlin Q1 Results in-Line with Forecasts
- Argo Group Completes Acquisition of Heritage Underwriting Agency
- Fitch: China Quake ‘Not an Immediate Capital Issue’ for HK Insurers’
- Marsh Appoints Stubbs to Construction Professional Indemnity Post
- Greenlight Re Posts Q1 Loss
- Lloyd’s Unveils 360 Project’s Latest Target: the ‘Liability Challenge’
- ACE Prices $450 Million Senior Notes; S&P Assigns ‘A-‘ Rating
- Aon Notes Need to Protect Art as Prices of Works Soar
- Aspen to Repurchase $100 Million in Shares from Founder Candover
- Strong to Direct Jardine Lloyd Thompson Asia Pacific Risk Team
- RMS Estimates China Quake Property Losses Could Reach $15 Billion
- Sovereign to Establish Dubai Office
- Ratings Recap: Arab Orient, Egypt Re, Trinidad and Tobago Insurance
- Zurich Q1 Net up 3% to $1.4 Billion
- Willis Shows Off New London Headquarters Building
- UK’s Chartered Insurance Institute Backs OECD Financial Proposals
- AIR Estimates China Quake Insured Losses Likely to Exceed $300 Million
- Hiscox Posts Mixed Q1 Results
- UPDATE: RMS Analyzes China Quake
- Strong China Quake Felt as far as Thailand
- Aon Re Global Acquires Peruvian Reinsurance Intermediary Cosegur Re
- UK’s FSA Examines Insurance Comparison Web Sites; ABI Comments
- S&P Lowers Kingsway’s Ratings to ‘BB’
- Willis Opens Malta Captive Operation
- AIR Notes Nargis Showed ‘Unusually Warm Sea-Surface Temperatures’
- Ratings Roundup: Panther Re, Travelers (Canada), Montpelier Re
- AIR Analyzes Tokyo Earthquake
- CastlePoint Q1 Net up 26% to $9.5 Million
- First Aid Flights May Reach Myanmar; Death Toll Could Exceed 100,000
- Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline
- European Utility Companies May be Underinsured, Warns Marsh
- Validus Forms Latin American Sub
- Eudy Joins RenRe as Senior VP
- S&P Report: Solvency II More Significant for European Insurers than Credit Crunch
- Munich Re Q1 Profit Down 19% to $1.2 Billion; Maintains 2008 Profit Targets
- New Study Calls for Broad Climate Fight, Not Just Gas Emission Cuts
- Kingsway Q1 Financial Results Hit Again by Lincoln Reserving
- AXA Q1 Group Sales Fall by 2.7% to $43.5 Billion
- MacNaughton to Join Max Cap Board
- Risk Management Solutions Analyzes Cyclone Nargis Devastation
- Willis Specialties Names Anderson, Dunlop, Wilkinson to Senior Posts
- No Rating Change for Swiss Re Following Write-Downs Says S&P
- Flagstone Re Q1 Net Down Slightly at $32.86 Million
- Argo Names Bullock Group CFO
- European Banks Expected to Sell Insurance Businesses as Credit Crunch Takes Toll
- Lloyd’s Amlin to Launch Insurance Risk Trading Venture
- Max Capital Group Q1 Net Down 90% to $7.75 Million
- Australian Minister: Food Crisis Could Spur Global Trade Talks
- Swiss Re Reports Q1 Net Income Drops 53% to $592 Million
- Max Capital Earnings Announcement; Conference Call Today, Details
- Argo Group Posts $36.9 Million Q1 Net Income; Conference Call Today, Details
- Thomas to Head New Argo Surety Unit
- CNinsure Expands in China’s Guangxi Province with New Acquisition
- UPDATE: Myanmar Death Toll Rises
- Ratings Roundup: Pacific International, Resolution, ING
- Myanmar Hit by Tropical Cyclone Nargis; Declares Disaster Zones
- UN IPCC Head Sees Possible Climate Change Deal in 2009
- Germany Says EU Must Be Firm in WTO Talks
- Buffett’s Berkshire Looking at Royal Bank of Scotland’s Insurance Unit
- Zurich Expands Singapore Branch
- Bermuda Q1 Earnings Recap: ACE, XL, Validus, RenRe, Endurance, Aspen, Montpelier Re
- Willis Keen on China Growth
- Aviva to Unite Business under Global Brand Name
- Roberts to Lead Marsh’s London Strategic Risk Practice
- Catlin Syndicate Leads Coverage for Europe/China Rail Cargo Link
- Gill to Head New Ernst & Young UK Run-off Operation
- S&P Reports on the ‘Evolving World of Property/Casualty Securitizations’
- S&P Revises its Outlook on Aegon and Core Subs to Negative; Affirms Ratings
- ING to Buy CitiStreet for $890 Million
- Lifting the Lid: Accounting Rulemakers to Speed Up Convergence
- Volvo’s 2020 Vision: The Injury-Proof Automobile
- Willis Reports First Quarter Profit Dip
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