International & Reinsurance News for September 2008
- AIG Unit Says No Plan to Sell Kazakh Business
- A.M. Best: Economic Climate May Trigger a Turn in U.K. Cycle
- AIG Agrees to Sell 50% Interest in London City Airport
- Fortis ‘in Play’ as Trichet Joins Emergency Talks
- Three New Surety Team Executives Join Marsh from Aon
- Axis Gustav-Ike Losses $310- $430 Million; Details Investment Exposure
- AIR Estimates China Typhoon Insured Losses at $100 to $250 Million
- Best Affirms Munich Re’s ‘A+’ Ratings
- Ratings Roundup: Sovag, Syndicate 2003, Polish Re, Tunis Re
- Growing Gulf of Aden Piracy Threat
- Hennessy Joins Navigators UK
- Best Affirms Catlin’s Ratings
- Swiss Re Writedowns Less than Feared, Keeps Financial Targets
- Lloyd’s Six Month Profits Fall 47.5% to $1.76 Billion
- Zurich Makes Group Risk Management Appointments in Europe, U.S.
- Willis Introduces EPIQ, for Environmental Risk Assessment
- Aon Study Concludes Airline Insurance Market ‘Hardening’
- PCI Tells U.S. Trade Commission China Insurance Link Important
- PartnerRe Ike Claims at $175-$200 Million; Lowers Gustav Estimates
- Aon Comments on EU Court Decision Limiting Age Discrimination Claims
- Sovereign Risk Appoints Demeyer as New Senior Underwriter
- Lister Joins AXIS Capital Board
- Murphy Joins Greenlight Re Board
- Singaporeans Cancel 5,000 AIG Policies
- Swiss Re Gustav, Ike Net Claims $300 Million; to Hold ‘Investors’ Day’
- S&P Sees More ‘Write-Downs’ Coming
- S&P: UK Construction, Manufacturing SME’s Face Greatest Default Risks
- Marsh Notes Increase in UK Class Actions Spurs Coverage Demands
- Diaz to Head Marsh’s New Client Technologies Unit
- ACE Europe Launches IT Security Policy
- Max Cap Details Gustav, Ike Losses; Interim Investment Results
- Lloyd’s Welcomes its New Graduates
- AIG Singapore Head Resigns
- Zurich Launches New Brand Campaign – Zurich HelpPoint Worldwide
- CNinsure Sees ‘Slight Decline’ in Revenues from New China Regulations
- Organizations Opposed to U.S. Insurance Tax Bill Issue Statement
- Hannover Re Gustav Losses Around $146 Million
- UK’s Chartered Insurance Institute to Warn Pols of Need for More Skills
- Ratings Roundup: Aviva, Sogaz, Eisenbahn, FM Global Mexico
- Page to Head Marsh’s UK SME
- Aon, Inmarsat in Space Partnership
- Zurich Completes Banco Sabadell Insurance Partnership Deal
- Best Puts Lehman Linked Cat Bonds Under Review – Negative
- Platinum Puts Gustav Losses at $15 Million
- Best Upgrades Hiscox Ratings to ‘A’
- Best Affirms Hiscox Lloyd’s Syndicate 33 ‘A’ Ratings
- Aon Warns ‘Poor Packaging’ in Fashion Industry Could Affect Claims
- Ratings Recap: AIG (Taiwan) Lehman Re, Swiss Re (Denmark), Connaught, Allianz (Austria), China Ins. (Singapore)
- PartnerRe Estimates Lehman Losses at $110 Million
- Gallagher Acquires UK’s Oxygen Insurance Managers
- XL Appoints Muldoon Senior VP, Global Treasurer
- AXA Notes AIG, Lehman Exposures
- Flagstone Re: Gustav, Ike Losses Around $85 Million, Investment Commentary
- AEGON’s Lehman Exposure $405 Million
- Lloyd’s Execs Comment on ‘Mixed Outlook’ for Marine Sector
- Japan Insurers, QBE Seen Eyeing AIG Assets; China Less Likely
- Swiss Re Details Exposures: Lehman $46 Million; AIG $178 Million
- Best Affirms, Withdraws Groupama Ratings
- Lloyd’s Sees NAIC’s Decision on Reinsurance Collateral ‘This Month’
- Reid Named Lockton London COO
- Buberl Named Zurich Swiss CEO
- Hansen Appointed as New President of Catlin Canada
- S&P Notes: ‘Nat Cat Bonds’ Closely Linked To Cedants’ Practices
- Bermuda Association Explains Reinsurance Risk Spreading Role
- Best Upgrades Allianz Global Specialty, Allianz France
- Marsh Sees Credit Crunch ‘Hardening’ Rates, ‘But Not Just Yet’
- Willis to Keep HRH’s Glencairn as Third Party Wholesaler
- S&P Report Analyzes 10 Years Of Natural Catastrophe Bonds
- RMS Estimates Ike Insured Losses up to $200 Million – So Far
- Best Lowers Lehman Re Ratings
- PartnerRe Estimates Gustav Losses Between $25 to $45 Million
- Broker Analyzes Flood Threats to UK Businesses
- Ratings Roundup: Greenlight Re, Polish Re, Rembrandt, Macau
- U.S. Sees Insurance Clampdown on Iran Over Nuclear Program
- Allied World Names D’Orazio Chief Underwriter; Bell Operating and Admin.
- UK High Court Issues Restraining Order on Lloyd’s Former ‘Names’
- Lloyd’s, RMS Coastal Flood Study Urges Adapting to Changing Conditions
- Conf. Board Urges Tech Transfer to Reduce Greenhouse Gasses
- Chubb Expands Multinational Insurance Coverage Capabilities
- Ironshore Completes Pembroke Purchase
- Navigators Lloyd’s Syndicate Establishes Presence in China
- Hurricane Ike Triggers CCRIF’s First 2008 Hurricane Payout
- Best Reports on Canada’s P/C Insurers
- UPDATE: Ike ‘Growing in Size and Strength’ Says NHC
- S&P Reports Examine Reinsurers’ Risk Management, Pricing Trends
- S&P Reports Europe’s Insurers Fail to Differ from Other Financials
- PartnerRe to Repurchase Shares
- Willis Re Director Named to UK’s National Environment Research Council
- Lloyd’s Oxygen Opens Bermuda Subsidiary Company
- Endurance Management Postings Expand International Operations
- Goldman Sachs Rosengarten Named XL VP, Chief Enterprise Risk Officer
- Allied World to Open Swiss Branch
- Swiss Re Describes Reinsurers’ ‘Challenging Business Environment’
- Best’s Reinsurance Report Sees Strong Capitalization in a ‘Soft Market’
- Gao to Head Lloyd’s China Re Office
- James Joins Marsh Strategic Risk
- Reynolds to Head ACE’s International Personal Lines, SME Business
- Rendezvous Roundup: Guy Carpenter; Aon Global Re; Munich Re
- CCRIF Named Re/Insurance Initiative of the Year
- Lockton Granted China License
- S&P Report Says U.K. Auto Insurers Use of Prior-Year Reserves ‘Unsustainable’
- Ratings: Hull Club, Lloyd’s Syndicate 623/2623, Flagstone Re, First Net
- Hurricane Ike over Cuba, Heading for US Gulf Coast
- Reinsurers’ Investment Hit Won’t Stop Price Drop
- Reinsurers Under Pressure in Monte Carlo
- Rio Governor’s Lloyd’s Keynote Speech Evinces Brazil’s Economic Growth
- Fireman’s Fund Opens London Office for Film Underwriting
- XL to Host D.C Risk Conference
- Ireland-based Insurers Post Solid 2007 Results; GWP Over $31 Billion
- AIG Sees China General Insurance Business Growing
- Hurricane Ike Threatens Bahamas; Hanna Death Toll Grows
- Hanna Heading for U.S. – Ike Now a Category 4 Hurricane
- AXIS to Open Singapore Branch
- Catlin Sponsors Major Arctic Survey
- Willis Appoints McGeehan Exec. VP – Managing Director for Bermuda
- Integro Canada Names Dunn Chairman, Rankin President
- S&P Raises SCOR’s Outlook to Positive
- Axis CEO Says Deals on Horizon; Speculation Focuses on XL
- S&P, Best Rate Zurich Bonds
- Ratings Roundup: Unity Re, Continental Re, Luen Fung Hang
- National Snow & Ice Data Center Warns of More Arctic Sea Ice Decline
- Aon Specie Comments on New Players in London Market
- Fitch: Global Reinsurance Ratings Outlook Remains Stable
- Best Affirms Allianz (Italy) ‘A+’ Ratings
- Endurance Names Kent to Head London Reinsurance Operations
- AIR Analyzes Atlantic Hurricane Activity
- Allianz Sells Dresdner to Commerzbank for $14.23 Billion
- S&P Affirms Allianz ‘AA’ Ratings after Dresdner Sale
- Hanna and Her Siblings Roil the Atlantic
- Cat Bonds Buck Credit Crunch Says S&P Report
- Willis Report Finds ‘Inconsistencies’ in Weak Marine Market
- ACE Europe Launches New Pension Trustee Liability Product for Ireland
- Marsh Denies Planning Bid for Benfield to Counter Aon
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