International & Reinsurance News for October 2008
- Piracy Attacks Boost Demand for Kidnap & Ransom Coverage
- Fairfax Q3 Profit up on Investment Gains
- Credit Crisis Hits Europe: Coface Lowers UK, Ireland, Iceland Ratings
- Marsh Warns Recession Fears Prompt Credit Insurance Scramble
- Aspen Posts $116.7 Million Q3 Loss; $91.4 Million 9 Month Profit
- Best Comments on Resignation of Ironshore’s Rock
- RI3K to Offer Free ACORD Data Messages
- Marsh Rolls Out New Binding Authorities for ‘Tough Times’
- ACE Europe Names Dmitriev Russia Manager
- Ace’s Greenberg Sees Business Opportunities from AIG Troubles
- Climate-warming Methane Levels Rose Fast in 2007
- S&P Affirms AEGON’s Ratings
- Ironshore’s President, Chief Underwriter Resigns
- Ratings: Max Capital, Flagstone Re (Africa), VIG RE, Alliance, Syndicate 1414
- RenaissanceRe Reports Q3 Net Loss of $231; $143.4 Million Operating Loss
- Zurich Estimates Gustav, Ike Claims at Around $600 Million
- Aspen to Release Q3 Earnings Today; Conference Call Details
- China Says Greenhouse Gas Emissions Catch up with U.S.
- Canada Insurance Regulator Eases Capital Guidelines
- ACE Limited Q3 Net Income Drops 92% to $54 Million
- Willis Adds 2 Execs to UK Commercial Broker Network
- Axis Capital Reports $249 Million Q3 Net Loss; $161 Million Operating
- S&P Affirms Hannover Re’s ‘AA-‘ Ratings and Stable Outlook
- Reinsurers Expect Financial Storm Will Cause Premium Increases
- Aegon Gets $3.75 Billion in Capital from Dutch Government
- Aon Redomiciles White Rock RRG from Gibraltar to Malta
- Aon Limited Appoints Chief Risk Officer
- Steamship Mutual Launches Luxury Yacht Liability Insurance Product
- RenaissanceRe to Release Q3 Results Today; Conference Call Details
- ACE Limited to Release Q3 Results Today; Conference Call Details
- China’s Life Insurers Post Disappointing Results
- Belgium’s KBC to Get $4.4 Billion Government Injection
- International Research Program Releases Call for Papers
- AXIS to Release Q3 Results Today; Conference Call Details
- Prudential Eyeing AIG Life Insurance Assets Beyond Asia, Says CEO
- S&P Says QBE, PMI Australia Ratings, Outlooks Unchanged
- Montpelier Re Q3 Operating Loss $55 Million; $142 Million Net Loss
- Arch Capital Q3 Underwriting Loss $38.5 Million; $26.4 Million Net Income
- Lockton Celebrates Opening of Shanghai Office
- Montpelier Re Forms Lloyd’s Managing Agent
- EC’s Barroso Says Crisis Needs Heightened Coordination
- Montpelier Re to Release Q3 Earnings Today; Conference Call Details
- Arch Capital to Report Q3 Results Today; Conference Call Details
- Haiti Hurricane Damage Estimated at $1 Billion
- PMI Completes Sale of Australian Mortgage Insurance Unit to QBE
- Ratings Roundup: CIBC Re, Exporters, Kenya Re, CISL
- Munich Re Chairman Affirms Group’s Financial Strength
- S&P Affirms ING’s Group Ratings; Outlook Remains Stable
- Everest Re Reports $233 Million Q3 Net Loss; $2.2 Million for 9 Months
- Platinum’s Q3 Earnings Report Shows $45 Million Net Loss
- Argo Launches International ‘Financial Products’ Coverage
- AIG to Offer Banks ‘Commercial Umbrella’ Endorsement for Basel II
- Chaucer’s Gustav/Ike Losses at $55 Million; Investment Loss $47 Million
- Willis Report Sees Minimal Insurance Impact from Credit Crisis – So Far
- Lloyd’s Estimates Gustav/Ike Net Claims at Around $2.34 Billion
- Allied World Completes Darwin Deal
- Endurance Issues Preliminary Q3 Earnings Analysis
- Loucaides Joins Lloyd’s Jubilee Managing Agency
- Bank of Beijing Eyes Buying into ING Insurance JV
- ING Seen up After Dutch Government Cash Deal; Taiwan Life Sale
- O’Keefe Joins Lockton UK
- Chartered Insurance Institute Report: a ‘Broke Britain’ for Young Adults
- Everest Re to Hold Q3 Earnings Conference Call Today
- Platinum to Report Q3 Earnings Today; Conference Call Details
- Risk Management Solutions Opens Beijing Office
- European Commission to Crack Down on Derivatives Risk
- Global Crisis Dominates A.M. Best’s London Conference
- Flagstone Re Buying Lloyd’s Marlborough Underwriting Agency
- Aon Announces Products Geared to Economic Crisis
- S&P Affirms ACE ‘A-‘ Counterparty Rating; ‘A+’ on Operating Companies
- Bermuda Lauds IMF’s Positive Assessment of Regulations
- Ascot Names Brooks New CEO; Reith to Assume Non-Executive Role
- ACE Extends Commercial D&O Offering into Lloyd’s
- Marsh Warns Economic Slowdown Increases Supply Chain Risk
- Catlin Issues Ike/Gustav and Investment Loss Estimates
- Best Comments on XL’s Preliminary Q3 Results
- India’s Tata Sons Eyes Stake in AIG Asia Unit, Sources Say
- S&P Article Finds Global Insurers Weathering Credit Turmoil – So Far
- W.R. Berkley Forms New Canadian Underwriting Operation
- Collins, Especializada Re Form Brazil Partnership
- Willis Management Malta Names Finn Executive Director
- Unlike Banks, German Insurers Unlikely to Need Government Cash
- Correction on ACE Limited Preliminary Q3 Earnings
- WTO Creates Financial Crisis Taskforce
- S&P Report Sees Opportunities In Saudi Arabia Insurance
- Willis Re’s Underwood Appointed to Board of Casualty Actuarial Society
- XL Estimates $1.65 Billion Loss But Beats Forecast
- Hurricane Omar Heads for Leeward Islands
- Marsh Urges ‘Smarter Risk Management’ to Beat Credit Crunch
- Everest Re Gives Preliminary Q3 Estimates; $246 Million Capital Loss
- RMS to Provide Data for ‘Specialist Climate Change Research’
- XL Gives Preliminary Q3 Estimates; Conference Call Details
- PartnerRe Releases Preliminary Q3, 9-Month Financial Figures
- ACE Announces Preliminary Q3 Earnings; $1.5 Billion Capital Loss
- Aspen Says Ike/Gustav Losses at $155 Million; Investments at $47.4 Million
- TriSystems ‘Universal Messaging’ to Support Electronic Lloyd’s Trading
- Ratings: AMI, Cattolica, Seguros ING, BNY
- Aon: Bermuda Markets Introduce Single Excess Follow Form
- AIR Describes Hurricane Norbert’s Passage over Baja California, Mexico
- FERMA Lauds EU Action on Captives
- Validus Estimates Ike/Gustav Losses at $185 Million
- HSBC Insurance Brokers Receives Qatar Financial Center License
- ACE Bermuda Increases Capacity for Core Excess Liability Product
- Best Lowers Debt Ratings on 3 Lehman-linked Cat Bonds
- Global Crisis Claims Japan Life Insurer, Markets Panic
- Best Upgrades/Affirms Arch Re, Arch Europe Ratings
- Aegon, Aviva Bolster Risk Hedges, EU Insurers’ Shares Rise
- Hurricane Norbert Threatens Baja California
- Munich Re CEO Confident of Group’s Financial Strength
- Marsh Appoints Van den Eynde to Lead its Major Global Clients’ Team
- CCRIF Pays Turks and Caicos $6.3 Million in First Hurricane Recovery
- Aon Calls for New Supply Dynamic in Global Food Sector
- French Finance Minister Calls Lehman Bankruptcy a Major Mistake
- Endurance Releases Hurricane, Financial Loss Estimates
- Europe Strives to Combat Financial Crisis in Unison
- S&P Places Fortis Insurance Units on CreditWatch
- Lockton Teams up with Canada’s BFL
- Best Reports on Europe’s Insurers
- BNP Paribas Acquires Fortis Bank, Insurance Assets in Credit Crunch
- Europe’s Risk Managers Meet as Financial Crisis Deepens
- Bermuda (Re)-Insurers Report Hurricane and Investment Losses
- Marsh: Top 100 UK Law Firms Pay Less for E&O than Smaller Firms
- AIG to Sell 3 Japanese Life Insurance Companies
- Swiss Re Partners with CelsiusPro for Weather Derivatives
- Willis Re Launches P&I and Marine Mutual Reinsurance Team
- XL Gustav, Ike Losses $195 to $270 Million; Minimal Investment Loss
- Analysts Say Zurich in Good Shape Despite Writedown
- Ratings Recap: Flagstone Re, Lehman Re, Lonpac, Allianz Suisse, Sunderland Marine, Ansvar
- ACE Estimates Gustav, Ike Losses at Around $315 Million
- Zurich’s ‘Impairment’ from Sigma Default $275 Million; WaMu $45 Million
- AIG’s Japan Unit Gets Capital for Stock Price Fall
- Kingsway Completes Sale of York Insurance to La Capitale General
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