International & Reinsurance News for January 2011
- Lloyd’s Market: ‘No Direct Threat’ to Suez Canal Shipping
- Suez Shipping Operating Normally Despite Egypt Unrest: Marine Insurers
- Investors Face Rising Risks However Egypt Plays Out
- EU Says Giant ‘Motherships’ Give Somali Pirates New Reach
- UK’s Amlin to Acquire Lead Yacht Underwriters
- Perryman Appointed Sales and Marketing Director of Willis UK & Ireland
- Insurance Council of Australia Takes New Initiatives in Wake of Floods
- Pulsar Re Files Suit against Lehman to Recover $450 million
- S&P Japan Ratings Downgrade Hits Insurers
- PartnerRe Provides January 2011 Non-Life Renewal Data
- XL Insurance Names Báez-Safa Chief U/W Officer, Professional Lines Commercial Risk
- Ironshore Expands Political Risk Division for European Platform in Dublin
- Davos Leaders Warn on Food Inflation, Speculation amid Mideast Unrest
- Swiss Re Calls for Increased Role for Public-private Partnerships in Disaster Relief
- Australia Imposes New Tax to Fund Flood Recovery
- UK’s Managing General Agents Take Further Steps to Create Association
- RMS Analyzes Terrorist Attack at Moscow’s Domodedovo Airport
- ACE Group Appoints Hager to Head Japan P&C, A&H Business
- Huber Named as New Project Coordinator for FERMA Team
- Manley to Join Zurich’s Board
- Ratings Recap: Tunis Re, National Grid, Endurance (repurchase), Caribbean Alliance, La Colonial, RoyalStar
- Toyota Recalls 1.7 Million Vehicles as Quality Woes Mount
- Catlin Readies Launch of 3rd Arctic Survey; Focused on World’s Ocean Currents
- UK’s Amlin Acquires J R Clare Underwriting Agencies
- S&P Publishes Updated Insurers’ Economic Capital Models
- Best Revises Outlook on Italy’s Cattolica; Affirms Ratings
- 35 Dead, over 150 Injured by Suicide Bomber Attack on Moscow Airport
- Guernsey Statement: ‘No Plans’ to Seek Equivalence under Solvency II
- Alarming Array of Risks Faces World Leaders in Davos
- Zurich Study Focuses on Insurance, Technology for Emerging Consumers
- XL Insurance Appoints Wullimann General Manager – Nordic Region
- Malaysian Navy Nabs Somalis in Second Raid on Pirates
- Australian Flood Crisis Could Continue for 10 More Days
- Zurich’s ‘Pushing the Boundary’ Report Focuses on Risk ‘Uncertainty’
- China’s Continental, Korea’s Daewoo INS Join Assurex Global Broker Network
- Best Affirms RSA, Operating Companies, Ratings
- Korean Navy Rescues Hijacked Crew; Kills 8 Pirates
- Capgemini/Efma Report Urges ‘Re-focusing,’ ‘Operational Efficiencies’
- New Climate Data from WMO Shows World is Warming
- FERMA VP Spells Out Challenges for 2011
- Rising Rivers Swamp Another Australian Town
- Qantas Aiming to Settle with Rolls-Royce over A380 Engine Failure
- At Least 207 Missing in Brazil Floods; 741 Dead
- Guy Carpenter Establishes New Facultative Team in Iberia
- RSA Posts 2010 Weather Impact Update; 2011 Outlook
- Best Upgrades Unifund Assurance Rating; Affirms Ratings of RSA Canada Members
- Aon’s New Political Risk Map Shows Rising Levels, Despite Financial Recovery
- Insurance Industry Worries about Growing Risks from Climate Change
- Barclays Warns Reinsurers at Risk from $6 Billion Australia Flood Insured Losses
- Allianz Global Corporate & Specialty Launches New Website
- Australia Floods Could be Costliest Natural Disaster Ever
- Somali Pirates Release 1 Ship; Hijack Another
- Marsh Names Blakey to Head Asian Aviation Practice
- Miller Appoints Global Trade Credit Specialist
- New Study on Piracy Estimates Cost to Global Economy at $7 to $12 Billion
- Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door
- Willis Appoints Holmes Managing Director for Middle East
- Argo Group Announces Management Changes
- Lockton Opens Beijing Branch Office
- Cooper Gay Swett & Crawford Expands Reinsurance in Mexico
- Brazil Flood Death Toll Rising; Roads, Houses Destroyed
- Australia Begins Flood Cleanup; Insurer Compassion Urged
- Weakened World Economy Continues to Face Multiple Global Risks
- Study Says Climate Change Link in Hurricane Losses Decades Away
- Argo Group Updates NZ Quake Loss Estimate to $12 Million
- Best Affirms Ratings of American Safety Insurance Holdings Subsidiaries
- Ratings Recap: InterGlobal, B&B Insurance, Grupo Nacional
- AIG Agrees to $2.2 Billion Sale of Taiwan Life Unit
- Australia Floods Inundate Brisbane; 16 Dead
- Sloan Mason Partners with Reinsurers to Expand Marine Coverage in Latin America
- Australian Floods to Cost Insurers, Reinsurers $1 Billion
- Insurers, Industries Affected by Australia’s Floods
- Floods Head for Australia’s Brisbane, Many Evacuate
- Reinsurance Prices Should Remain Soft in 2011: Reports
- Hub Acquires Assets of Canadian Broker Grande Prairie
- AIG Set to Announce Sale of Taiwan Life Unit
- Canadian Climate Study Forecasts ‘Global Warming for Centuries’
- Brisbane Faces Flash Flood Threat
- Canopius Launches Swiss Reinsurance Operation; Seeks Omega Deal
- Lloyd’s Looks to Gov’t. Reforms to Reduce Skyrocketing Legal Costs
- 5 New Appointments Strengthen Mitsui Sumitomo at Lloyd’s U/W Team
- Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed
- Omega Raises NZ Quake Estimates to $16.8 Million; Australia Floods
- Ratings Recap: Tokio Marine Pacific, Malaysian Re, Kazakhinstrakh, Ansvar
- Swiss Re Places $97 Million Windstorm Cat Bond for Groupama
- Willis Energy Facility Provides Additional Capacity for Oil/Gas Sector
- Abel to Head Brokerage Operations of Cooper Gay Non-marine Team
- Swiss Re Concludes $170 Million Successor X Cat Bond Placement
- Australia Floods Cause ‘Catastrophic Damage’
- Ironshore Forms Dublin Subsidiary; Marry Named as CEO
- Ratings Recap: Century Insurance (Guam & Saipan), Taiping Re
- Everest Re Group Finalizes Acquisition of Heartland Crop Insurance
- Mapfre Global Risks Is Lead Insurer for Spanish Satellite
- AIG Receives Alternative Proposal for Taiwan Unit
- Relief Flights Reach Flood Stricken Australian City as Waters Rise
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