News – Page 433
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Online onlyBermuda faces rising competition abroad
Insurers are also beating paths to Dublin, Dubai, Zurich, and Luxembourg, says S&P
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Paris Re migrates Axa Re portfolio
Successful renewals despite non-renewals; expands credit and bond portfolio
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Aon in massive restructure
Broker to integrate risk and insurance broking services into Aon Risk Services
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Groves to head Marsh’s EMEA captive consulting
Jonathan Groves joins broker giant from Ace
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Endurance income increases to $521m
But premiums written in Q4 fall by 5.2% year on year
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Online onlyTornadoes tear through US Mid-South
Storms killed nearly 50 people and destroyed property across the Mid-South
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RenRe reports strong year despite ChannelRe
Operating income of $735.5m compared to $796.1m in 2006
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Fitch updates financial guaranty modelling
Also places Ambac, FGIC and SCA on ratings watch negative
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Online onlyMunich Re to open branch in Brazil
Munich Re will be represented by a subsidiary in São Paulo
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Online onlyXL reports $1bn loss for Q4 2007
Reinsurance premiums down 52.4% due to “timing differences” on large contracts
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SCOR opens P/C branch in China
The SCOR SE Beijing Branch will be headed by general manager Min Wu
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Hannover Re "satisfied" with renewals
Rate reductions smaller than anticipated despite soft market, CEO Zeller says
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Lords welcome EU Solvency II stance
Lords Committee welcome reform measures for insurance sector
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CCRIF announces new measures for 2008
Premiums down; attachment point decreased to one in 15 year events
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AXIS profits break the $1bn mark
2007 was a "milestone year" for the six-year-old Bermuda reinsurer, says CEO John Charman
