International & Reinsurance News for September 2006
- Benfield Report Sees Major Changes, Rapid Growth in Chinese Market
- IAG enters UK Market with Purchase of Hastings and Advantage
- Chaucer Forms Singapore Sub
- Benfield Acquires Norway’s Parisco AS, Parisco Marine AS
- CRM Schedules Spanish Language Courses in Mexico
- Best Puts R&SA Ratings on Review/Positive
- Starr Forms New Lloyd’s Syndicate
- Allianz Cornhill to Change Name; Continue Expansion
- R&SA Sells U.S. Business to Arrowpoint Capital; Terminates Stock Listing
- Best Rates Luen Fung Hang ‘A-‘
- Zurich Refinances $3 Billion Credit Line
- Benfield Reports on European Reinsurers Strong H1 Results
- Lloyd’s Posts $2.55 Billion H1 Profit
- Calyon Places $63 Million Pinnacle Securitization
- Bulgaria, Romania to Join EU
- R&M Report Finds Almost Half of Insurers Use Outsourcing
- SEC Charges Three Former RenaissanceRe Execs with Fraud
- ABI Asks for Comments on FSA’s Capital Adequacy Proposals
- India’s 3i Infotech Launches Internet Broker Platform
- Euler Hermes Finds ‘Imbalances’ Could Slow Growth of Global Economy
- Aon Re Global Names Richardson to Head Facultative Re Unit
- Swiss Re Confirms 2000 Job Cuts
- Munich Re Warns on Piracy Threat
- AIG Pledges $5.25 Million to Microfinance Project Headed by Ex- President Clinton
- Willis Launches Multinational Benefits Unit
- South Korean Insurer Sets Up Shop in Hawaii
- AXIS Opens New Bermuda HQ
- Fitch Assigns ‘AA+ Rating to AIG’s Dubai Subsidiary
- Glauber Rejoins XL Board
- Lloyd’s Tolle Discusses Reinsurance Securitization Growth
- Max Re Warns of Hedge Fund Losses
- UK’s FSA Warns on Sales of Invalid Auto Policies
- Chaucer Forms New Engineering Risk Underwriting Team
- Aon Forms ‘Affinity Worldwide’ Unit
- Alea Posts $10.7 Million 1H Loss; Continues Run-Off Operations
- Allianz Reaches Agreement with RAS, Employees for SE Plan
- PartnerRe to Publish ‘Loss Development Triangles’- Conference Call Details
- Max Re Launches Aviation Unit
- Lloyd’s Market Process Reform Gains Momentum
- Lloyd’s Implements Xchanging Claims Handling System
- Hurricane Gordon Nears The Azores; Could Hit Europe
- Park Group Expands into Canada with Opening of Toronto Office
- Best Affirms Singapore Re ‘A-‘ Rating
- Best Affirms Toa Re ‘A+’ Ratings
- Willis Sells London HQ
- Best Affirms Lehman Re ‘A+’ Ratings
- ACE Europe Appoints McConnachie Direct Marketing Director for A&H
- Quanta Sells Environmental Business to WSP Group
- Hurricane Lane Ravages Western Coast of Mexico
- ACE Bermuda Introduces New Specialized D&O Coverage
- Swiss Re May Sell ‘Gherkin’
- Eight Lloyd’s Members to Enter Offshore Energy Center Hall of Fame
- E&Y Survey: 80% of EU Insurers Start Solvency II Compliance; Will Affect U.S.
- Quanta Names Runoff Specialist Johnson President and CEO
- ACE Appoints Kirchgaessner Global Corporate Development Officer
- Aviva Targets 4000 Jobs, $470 Million Cost Savings at Norwich Union
- NASA Study Details Rapid Melting of Arctic Sea Ice
- Platinum Restructures Credit Agreement
- Best Affirms NZ’s Pioneer ‘B+ Rating; Revises Outlook to Negative
- R&M Report Analyzes Chinese Insurers
- Xchanging Completes Heath Lambert Data Processing System
- Reinsurers Adopt ‘Wait and See’ Posture at Rendezvous
- ACE Appoints Samson Chief Bermuda Administration Officer; White to Retire
- Hiscox 1H Premiums Up; Profits Down; Plans Bermuda Move
- Oxygen Re Enters Market
- Hamilton Joins Beazley Board
- NHC Tracking 3 Storms
- RMS Releases Germany River Flood Model
- Bonnar, Beaton Leaving Aspen
- Bermuda Feeling Winds, Heavy Rains from Hurricane Florence
- RI3K’s New ‘V3’ Trading System Promises Revolution in Processing
- Best Upgrades SCOR Ratings to ‘A-‘
- Singapore PM Urges Lloyd’s to Expand Asian Links
- AXIS Elects Bell Independent Director
- Zurich to Provide Dutch Export Credit Agency with Indonesia Cover
- Flagstone Re, Sirius Launch Aviation Reinsurance Cover
- U.K.’ s BCC, AIG Team up to Offer Small Business Solutions
- Guy Carpenter Study Shows Big Rate Increases in U.S., Mexico
- U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments
- AIR Expands Indian Office
- Best Affirms ‘A’ Rating of Markel’s Lloyd’s Syndicate 3000
- PartnerRe Re-Appoints Stanca to Board
- Best Affirms Markel Int. ‘A-‘ Ratings
- Best Affirms Converium’s ‘B++’ Rating; Outlook Raised to Positive
- CIGNA Extends International Health Care Service Links
- Best Affirms, Withdraws Tasman Pacific Ratings
- Wesfarmers Makes $534 Million Offer for Australian Broker OAMPS
- XL Gives Douglas, Sussman New Executive Roles
- RMS Opens Zurich Office
- Fitch Affirms Max Re ‘A’ Ratings
- Beazley Launches Lloyd’s Facility for U.S. Commercial Property Cat Risks
- FSA Fines Mortgage Insurer $106,000
- Hiscox Lloyd’s Syndicate ‘in Discussions’ on Bermuda Sidecar
- R&M Report Says U.K. Online Auto May Have 29% Market Share by 2009
- XL in Joint Venture with Brazil’s ITAU
- Ireland’s Quinn-direct to Create 1000 New Jobs
- Guy Carpenter, EQECAT Launch New Sea Surge Model for France, Sweden
- Florence Becomes Season’s 6th Storm
- Allianz Sells Four Season Healthcare for $2.67 Billion
- UPDATE 1: Hurricane John Strengthens; Baja California Threatened
- Fairfax Files H1 Results; Restated Prior Years Financials
- AIG’s Lexington Completes Quota Share Sidecar Deal with Concord Re
- Research & Markets Issues Study of China’s Insurance Industry
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