International & Reinsurance News for August 2006
- Lloyd’s Outlines its Reinsurance Activities, Thunderbird Re Sidecar
- SCOR H1 Profit up 42% to $131 Million
- Category 3 Hurricane John Threatens West Coast of Mexico
- Beazley Posts $54 Million 1H Profit
- Seth Appointed New Director ACE European Markets
- Best Affirms ‘A-‘ Ratings on Hannover Re U.K. Sub
- Best Affirms Hannover Re’s “A” Ratings; Removes from Review
- Best Assigns Ratings to HDI, Gerling
- Washbourn Named New Head of London Market’s JWC
- AXIS Names Anderson to Executive Management Group
- Pettersen Joins Towers Perrin Reinsurance Bermuda Office
- UPDATE 2: Weakened Ernesto Crosses Cuba; Florida on Watch
- FM Global Places $300 Million Pacific Northwest Earthquake Cat Bond
- Aon Sub Acquires Israeli Broker Fredy & Ilan Beck
- Hiscox Launches New D&O Policy
- R&M Report Assesses Top U.K. General Insurers
- CIGNA to Acquire Interest in Thai Charoen Insurance
- Best Rates Greenlight Re ‘A-‘
- UPDATE 1: Hurricane Ernesto Menaces Haiti, Cuba; Florida in Storm’s Path
- TS Ernesto Threatens Gulf; Could Become Season’s First Hurricane
- IAG Fiscal ’06 Profit Off 13% to $655 Million
- ABI Surveys ICAS Implementation
- Benfield Opens Taiwan Branch Office
- ABI Advises Air Travelers on Lost Luggage, Packing, Flight Delays
- Best Affirms Swiss Re, GEIS, GE Frankona Ratings; Off Review
- Debby is Season’s 4th Named Storm
- Nurses and Firemen Top UK’s ‘Sexual Fantasies’ List
- Weather Suspected in Russian Plane Crash
- IDB Contracts with ABS Corporate Solutions/EQECAT for Cat Project
- Best Affirms Polish Re ‘B+’ Ratings
- SCOR, Highfields Dispute Update
- Best Assigns ‘bb+’ Debt Rating to Lexington’s Concord Re Sidecar
- NHC Tracking Tropical Depression 4
- European Reinsurers See Buying Opportunity in Scottish Re’s Problems
- Lockton to Acquire Forbes International Creating Biggest Private Broker
- Best’s E-Fusion Interview’s RI3K’s Letts on Electronic Exchange
- Lloyd’s Broker Oxygen Launches New Professional Indemnity Team
- Reforms in Japan Expected to Bring Influx of Lawyers, Lawsuits
- Best Reports on Reinsurers: ‘Humbled, But Most Not Broken’
- Fitch Keeps PXRE on Watch/Negative
- Best Affirms Kenya Re ‘B+ Rating
- Ward is New ACE ME/NA Head
- Best Affirms Cologne Re, Subs ‘A++’ Ratings
- AXA Gives Donnet Greater Role in Japan, Asia-Pacific; Penn to Head Australia/NZ
- Zurich 1H Net up 9% to $1.957 Billion
- New Lloyd’s Syndicate to Provide Amateur Sports Coverage
- QBE 1H Operating Profit up 20% to $452 Million
- China Economy Should Expand 10.4%
- Guy Carpenter Report Examines Impact of Nanotechnology
- Malaysia Allows Onshore Islamic Foreign Currency Services
- Best Places Lebanon’s Arab Re Ratings Under Review/Negative
- U.K. Climate Study Warns of Increased Disaster Risk for Next 200 Years
- London’s Web Connectivity Appoints Willison New Managing Director
- Best Affirms Glacier Re ‘A-‘ Ratings; Off Review; Outlook Negative
- HKMB Names Parker VP/Surety Solutions
- Typhoon Saomai Kills 214; $1.4 Billion Damage Estimated
- Lloyd’s Warns on Australian Stock Broker Coverage
- Aon Outsources London Market Processing Operations to Xchanging
- Powerful Typhoon Kills 83 in China
- AIG Sets IPC Offering at $27
- RenRe Promotes Fonner to Chief Risk/Investment Officer
- R&SA 1H Net up 22% to $451 Million
- Netherlands’ ING Groep Profit Up 30%
- British Police Thwart Aircraft Bomb Plot
- Hub Names Pauls to Lead Ontario Unit
- China Evacuates 433,000 Before Storm
- Best Rates Shackleton Re Debt Issues
- Best Affirms Lloyd’s Syndicate 1084, Chaucer Holdings Ratings
- Best Affirms RoyalStar ‘A-‘ Rating
- Guy Carpenter Opens Taipei Office
- Boucher to Retire as Endurance Worldwide CEO
- Quanta Posts $42.9 Million Q2 Net Loss; Loan Default Looms
- AIG to Sell its Stake in IPC
- Best Affirms NZ’s Civic ‘A’ Rating
- PXRE Heads Towards Run-off
- Allied World Q2 Net up 43% to $102.4 Million; Conference Call Today
- Malacca Straits Removed from War Risk List
- Aspen Names Sinclair President, COO
- White Mountains Re Names New Execs
- AXIS Q2 Net up 29% to $223.4 Million
- Converium’s Q2 Net up 33% to $62.5 Million
- Hannover Re on Track to Make Profit Goals; Q2 Net up 2% to $193.7 Million
- Best’s 2006 European review highlights common industry concerns
- Singapore Brokers Give Chubb ‘Best Claims Service’ Award
- ABI Welcomes Government’s Investigation of Travel Agent Policies
- Guy Carpenter’s GCFac Launches Structured Risk Finance Unit
- Willis Buying Majority Stake in Chile’s MGT Group
- Barette Rejoins White Mountains Board
- Early Allianz 1st Half Earnings Bulletin Shows Strong Growth
- Lloyd’s Research Reports on ‘What British Insurance Brokers Think’
- Kingsway Posts 36% Q2 Net Income Gain to $40.2 Million
- Swiss Re 1st Half Profit up 16% to $1.27 Billion
- Best Affirms MAPFRE RE’s ‘A+’ Ratings
- Charman to Challenge $90.6 Million Divorce Settlement Ruling
- Willis “Organic Growth” up 10% Despite Overall Q2 Net Income Decline
- Best Raises Fuji Fire’s Ratings to ‘A-‘
- UPDATE 3: Chris Downgraded to Tropical Depression
- UPDATE 2: TS Chris Weakens
- Munich Re Posts 143% Gain in 1st Half Profits to $3.47 Billion
- Press Named Transatlantic Director
- AIG Completes Acquisition of Taiwan’s Central Insurance
- AXA Posts Strong 1st Half; Earnings Conference Access Details
- Endurance Acquires $235 Million Collateralized Cat Reinsurance
- ACE Europe Says D&O Market Needs Clarity on Extradition
- XL to Restructure European Reinsurance Operations
- RenRe Posts Q2 Results, 32% Increase in Cat Premiums
- Guy Carpenter Names Carroll Sr. VP, Head of Broking for Australia, NZ
- Chubb Broadens Global Kidnap & Ransom, Extortion Coverage
- Whittington Names Birch as New Asia/Pacific COO
- UPDATE: TS Chris Gains Strength
- TS Chris Forms Off Windward Islands
- Guy Carpenter Beefs Up London Trade Credit/Political Risk Team
- Best Affirms Lloyd’s “A” Rating
- Max Re Posts $17.3 Million Q2 Net
- Hannover Re $150 Million Cat Bond Covers European Windstorm Risks
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