International & Reinsurance News for December 2007
- Best Affirms Asia Capital Re Ratings
- Barrales, Herrera Join Flagstone Re – Latin America
- XL Board Chairman Esposito Resigns
- Mass Toy Recalls – a Manufacturers’ Nightmare
- Ratings Recap: General (India), SCA, Successor Hurricane, Wing Lung, Dao Heng, Sovereign Assurance
- Munich Re 2007 Nat Cat Report Warns of ‘Rising Trend’
- ING to Sell Reinsurance Unit to Berkshire Hathaway
- Lloyd’s Insurers Consider Coverage for Commercial Space Flights
- Validus Inks Quota Share Deal
- Brazil Relaxes Collateral Requirements for ‘Alien Reinsurers’
- AXA to Buy 36.7 % Stake in Russia’s RESO
- Ratings Recap: Green Valley (Swiss Re), Aviva Canada, CSOB Pojistovna, Harbor Point Re, Hiscox
- Brazil Museum Uninsured for Stolen Picasso
- Willis Report Tackles Global Warming Impact on Risk Management
- AIR Estimates Insured Losses from New Zealand Quake at $192 Million
- Argo Group Begins Reorganization; Best Raises Peleus Re Ratings
- Lloyd’s Offers ‘Grinch’ Coverage
- Max Capital Increases Share Buy-back
- Best Revises XL’s Rating Outlook to Negative
- Marsh Appoints Nicholson to Head Scottish Operations
- Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion
- China Regulators Give Willis a ‘5-Star’ Rating
- Fitch Says UK Non-Life Insurers are ‘Well-Positioned in Challenging Market’
- Ratings Roundup: Insurance Australia Group, Bank of China
- New Study Reveals Estimates of Sea Level Rise May be Too Conservative
- S&P Lowers Kingsway Ratings to ‘BB+’; Outlook Negative
- S&P Announces Rating Actions on Bond Insurers; Teleconference Today
- Airline Insurance Market to Post Loss for Year; First Since 2000
- Russian Insurer NASTA to Operate under Zurich Brand Name
- Preliminary Swiss Re ‘sigma’ Report Estimates 2007 Cat Losses
- ACE Earnings Guidance for 2008
- Kingsway to Increase Lincoln General Reserves; Best Lowers, Reviews Ratings
- Catlin Purchases $225 Million in Cat Bonds; Best’s Ratings
- Ratings Recap: National Grid, HDI (Belgium), HDI (Germany), HDI (Italy)
- American Financial Takes 67% Stake in Lloyd’s Marketform
- RMS Comments on UK Flood Review
- Kingsway Picks Jackson to Succeed Star as President and CEO
- Integro Moves London Office
- Aspen Names Haldevang to Head Political Risk
- Ratings Roundup: TokioMarine/Nichido, Zurich Australia, ACE
- S&P Raises RenRe’s Ratings to ‘A’ and ‘AA-‘; Outlook Stable
- Gallagher Acquires 38.5% Stake in Jamaica’s CGM Group
- Marsh Names Richmond to Product Risk Consulting Team
- Ratings Recap: London General, AIG Global Trade, Kiln, PartnerRe (Europe), New Technology, Radian (Europe), Allied World
- Aon Sells Combined to ACE for $2.4 Billion; Sterling to Munich Re
- Munich Re to Acquire Aon’s Healthcare Insurer Sterling for $352 Million
- Gesick Named PartnerRe Chief Actuarial Officer
- Japan’s Millea Group to Buy Lloyd’s Kiln for $898 Million
- Guy Carp Publishes UK Flood Report
- Willis Expands Global Graduate Program after China Success
- Best Upgrades Company Ratings after Country Risk Methodology Review
- Zurich Establishes Asia-Pacific Corporate Business Unit
- UN Climate Chief Says US-EU Deadlock over Emissions Cuts Threatens Summit
- Ratings Recap: Temple, Munich Re, ERGO, Ecclesiastical, Ansvar, Unipol, Paris Re
- S&P Affirms AIG’s ‘AA’ Ratings; Asia Unit Upgraded to ‘AA+’; Outlook Stable
- Zurich Names Lehmann Chief Risk Officer; Foley CEO No. Am. Commercial
- Munich Re Hosts ‘ERGO Day;’ Highlights Primary Carrier’s Expansion
- Loyalist Confirms Brownstone Deal
- Insurance Australia Group Claims Report on Sydney Storms
- Lloyd’s Renews ‘Three-Year Plan’
- Study Finds Fault with Global Climate Change Models
- S&P Raises Royal&Sun Ratings to ‘A’
- Best Revises Zurich Outlook to ‘Positive,’ Affirms ‘A’ Ratings
- Lloyd’s Comments on Florida Changing Reinsurance Collateral Rules
- Ratings Recap: Russian Re, KAMP RE, Arab Group, NIPPONKOA (Asia), Tapiola
- Allied World to Buy Converium’s U.S. Reinsurance Operations
- Marsh Adds two Execs to Communications, Media and Technology Team
- Willis Names Van der Slikke VP – Canadian Energy Operations
- Best Appoints Charteris-Black Director – Global Financial Services
- Lloyd’s Nanotechnology Conference and Report Examines New Risks
- Gore Calls on U.S., China to Act on CO2 in Nobel Prize Speech
- ERGO Acquires 65% Stake in Korea’s Daum Direct Auto
- Gates Foundation Partners with Labor Organization for Microinsurance
- Sandler is New Ironshore Board Chairman, as Clements Steps Down
- Endurance Closes ARMtech Acquisition
- Ratings Recap: Thai Re, Aspen, Valiant, Qatar Insurance
- RMS Estimates High Level of Hurricane Activity for 2008-2012
- Research & Markets Releases ‘Snapdata’ Reports on India, Netherlands
- Ratings Roundup: Korean Re, Sunderland Marine
- Coastal Flood Peril Study: $3 Trillion Today – $35 Trillion by 2070
- Farstad Named Principal – Marsh International Risk Consulting
- American International Underwriters to Present Podcasts
- XL Completes GAPS Buy
- AXA Buys Ohio’s Matrix
- China’s CNinsure to Acquire Majority Stake in Insurance Adjuster
- Ratings Roundup: Everest Re, Bison, PMG, Liffey Re,
- US Wants to Join Climate Negotiations, Despite Resistance to Emissions Cuts
- Hardy Sets Sail for Bermuda; Redomiciliation Set for 2008
- Guy Carpenter Appoints Abrantes Senior Vice President, Iberia
- Ratings Recap: China (NZ), Hannover ReTakaful, Fairfax, Radian (Europe)
- New Report Reveals Future Exposure to Coastal Flood in Key Cities
- Baugh to Replace Glaser at AIG UK; Portalatin, Hernandez Move Up
- Watson Wyatt to Buy 20% Stake in South Africa’s Fifth Quadrant
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