International & Reinsurance News for June 2011
- Container Shipper Suspends Some Iran Operations over Sanctions
- AIR Analysis Sees Minimal Damage in Mexico from TS Arlene
- TS Arlene Lashes Central Mexico with Heavy Rains
- UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase
- Willis Re Sees Reinsurers Reacting as $48 Billion Losses Take Their Toll
- Serial Shocks Forcing World to ‘Think Long’
- Mitsui Sumitomo at Lloyd’s Names Rayner to Head P&C Underwriting
- S&P: Resilience of French Insurance Industry Will Be Tested Further
- Season’s First Atlantic Storm Powers Toward Mexico
- US, India Pledge Market Access Cooperation; Could Ease Insurance Barriers
- Accounting Issues Could Stall France’s Greek Debt Plan
- AXA UK Bans Lawyers’ Referral Fees; Calls for Whiplash Damage Reform
- Report Says South China Sea Disputes Could Lead to Asian War
- S&P Reports European Insurers Still ‘Nervous’ Despite Gains
- Sony Says Protecting Content Made It Hackers’ Target
- Bermuda Signs Tax Information Agreement with Indonesia
- Ascot Syndicate 1414 Increases 2011 Capacity to $1.038 Billion
- Many Aon Benfield Conference Delegates See 2014 Better for Solvency II Start
- Liberty Int’l., Liberty Syndicates Combine for Mideast Terror Risks
- FERMA Elects New Board Members
- LulzSec Hackers Say Disbanding After Last Data Dump
- Green Joins UK’s Miller Facultative Re Team
- China Accounting Scandals Put Big Four Auditors on Red Alert
- Banks, Insurers Move Closer to Deal on Greek Bailout
- Canada, Other Countries Block Asbestos from UN Hazardous List
- New Zealand Offers to Pay 5,000 to Leave Quake-Hit Homes
- Best Affirms Ironshore and Subs Ratings
- Ratings Recap: IGIUK, MAPFRE Re (Panama), Arab Misr, Gulf, Caribbean Alliance
- Aviva’s Accident Recovery Sale to Carlyle Won’t Change Ratings Says S&P
- Best Upgrades Lancashire’s Ratings to ‘A’; Outlook Stable
- Casualty Actuaries Should Consider Foreign Customs, Economics, Politics
- Rolls-Royce, Qantas Settle A380 Engine Dispute for $100 Million
- Swiss Re Sets Out Revised Leadership Structure
- Hooper Named CEO of UK’s Cooper Gay & Co.
- Liberty Mutual Appoints Huerta CEO of Liberty Seguros Spain
- Best Upgrades ACE Limited and Subs Issuer Credit Ratings; Affirms FSR’s
- Tokyo Electric Power Facing $1.1 Billion in Mental Distress Claims
- Europe Seeks to Get Insurers, Banks on Board Greek Bailout
- Amy Winehouse’s European Tour in Doubt; Insurance Coverage Too
- Best Upgrades Issuer Credit Rating of ACE European Group; Affirms FSR
- EU Urges Tariff Standstill as Doha Round Down Payment
- ACE Acquires All Shares of ACE Synergy Insurance Berhad in Malaysia
- Best Affirms Argo Group International and Subs Ratings
- DUAL Corporate Risks Appoints Blake Prof. Indemnity Underwriter
- Travelers Acquires Interest in Brazilian Surety Insurer JMalucelli
- Best Affirms International General’s Ratings
- Hurricane Beatriz Hits Mexico’s Pacific Coast
- Hackers Bring Down British Police Web Site
- Best Affirms Ratings of Marine TT Clubs in Bermuda and UK
- European Central Bank Head Warns of Widening Global Imbalances
- Liberty International Sponsors UK Charity Soccer Match
- Zurich to Acquire Malaysian Assurance Alliance Berhad
- Ships Tossed Ashore by Japan Tsunami Rescued
- Everest Re Names Addesso President; Doucette Chief Underwriting Officer
- Willis’ Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’
- ACE Names Farid Eid Filho Country President for Brazil
- Eqecat Defends Latest New Zealand Quake Loss Estimate
- New Zealand Quakes Drive Insurance Market Changes
- Best Affirms Lufthansa Captive Insurer Delvag’s Ratings
- Porrino to Join XL Group as Executive VP, CFO
- Aon Benfield Reports 6% Decline in Global Reinsurers’ Capital
- Catlin Re Switz. to Open Madrid Office; Augments Underwriting Staff
- S&P Lowers, Withdraws Ratings on First Takaful
- Guernsey Seminar on Solvency II Assesses Rejection of ‘Equivalence’
- Zurich to Transfer London Run-Off Business to Swiss Re
- Smith to Join Swiss Re as President, CEO Americas; Ozendo Retiring
- Ratings Recap: PartnerRe (notes), Mariah Re (notes), Montana Re (notes)
- Latest Christchurch Quake Caused Significant New Damage
- Zurich Financial to Open Reinsurance Unit in Booming Brazil
- AEGIS London Approves $1 Million in Premium Credits for Members
- Ascot Appoints Karns to Houston Underwriting Unit
- ARAG Appoints Layton for Business Development in Southeast UK
- HSB Engineering Names Tingus to Head HR
- Best Sees No Ratings Change from Allied World, Transatlantic Merger
- Vietnam Insurance Market Readies for Foreign Insurers, New Regulations
- Latest New Zealand Quake Causes Up to $5 Billion in Damages: Eqecat
- Quakes Again Rock New Zealand’s Christchurch
- China Approves Capital Increase for Liberty Mutual China Subsidiary
- More Workers May Exceed Japan’s Radiation Limit
- Insurers Meet in Canada on United Nations Sustainability Principles
- Mexico Buys $400 Million of Disaster Insurance
- International Monetary Fund Cyber Attack Boosts Calls for Global Action
- Transatlantic, Allied World Agree to Merger
- Swiss Re to Reinsure Ethiopian Microinsurance Project
- Climate Talks Floundering without Ministers
- Lloyd’s Highlights Potential Impact from Cyber Crime, Data Loss
- MAPFRE RE Opens Paris Branch Office
- Cooper Gay Hires Directors for Latin American Downstream Energy
- Ratings Roundup: Attorneys’ Liability, AMI
- ACE Report Examines Potential Impact of Solvency II on Captives
- Adrian is First Hurricane of 2011 Pacific Season
- Taiwan Conditionally Approves AIG’s Nan Shan Life Sale
- Bowden joins Lloyd’s Marketform as D&O Underwriter
- S&P Raises Allied World’s Ratings
- AXIS Capital Announces Leadership Change at AXIS Re
- Finance Industry Warns of Transatlantic Discord over Derivative Rules
- New Aon Terrorist Risk Map Includes Mideast, No. Africa Unrest
- Sea Transport Firm May Drop Dutch Flag over Piracy Rules
- Best Places AXA Canada, Intact Financial Ratings under Review
- HDI-Gerling Hires Appleton as UK, Ireland Liability Head
- Starr International Invests in China’s Dazhong Insurance Co.
- Everest Re Names Gourgeon as European General Manager
- Travelers Europe Appoints Felisky as Chief Risk Officer
- Lloyd’s Welcomes North American Brokers
- Need for Global Insurance Standards Driven by Financial Crisis, Solvency II
- 3,500 People Evacuate as Volcano Erupts in Southern Chile
- Catlin Launches Service Initiative for UK, Lloyd’s Brokers
- Germany Says Beansprouts May be Cause of E.coli Infections
- Living with Solvency II; A Top Regulator Gives His Views
- Hackers Attack Another Sony Network; Post Data on 1 Million Users
- Aviva Hires Friends Provident ex-CEO Matthews for UK Unit
- Europe’s Lethal E.coli Strain May be Deadliest Yet
- Bain Joins UK’s Miller from Marsh
- Ratings Roundup: Island Heritage, Patria Re
- S&P Affirms Platinum Underwriters and Operating Subs Ratings
- Validus Launches ‘AlphaCat Re 2011’ Sidecar
- ICC Denounces Growing Protectionist Trend in G20 Countries
- Russia Bans EU Vegetables Due to E.coli Fears
- Ironshore Europe Expands, Opens Office in London
- Best Affirms Platinum Underwriters and Subs Ratings
- ACE Elects Two New Directors to Board
- Intact Financial to Acquire AXA’s Canada Operations for $2.684 Billion
- Swiss Re to Acquire $2.62 Billion in Assets from American Life
- Aon Benfield Publishes Report on Lloyd’s
- Brit Opens Lloyd’s Service Company in Australia
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