International & Reinsurance News for September 2011
- Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure
- Global Insurance Rates Flat Overall in Q3 Says Marsh
- Climate Aid Progress May End Kyoto Rancor
- Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman
- Typhoon Nesat Hits Hainan Island, China Mainland; AIR Analysis
- North P&I Club, GRAY PAGE to Vet ‘Armed Maritime Security Providers’
- IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks
- Ratings Recap: Gulf, Unity Re, Connaught, Macau
- Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings
- Panel Reports Climate Change to Cost Canada Many Billions
- UPDATE: Fire Surges at Shell’s Singapore Refinery
- Typhoon Nesat Hits China after Pummeling Hong Kong
- Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
- Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon
- Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses
- Aon Appoints Waerseggers to Head European Power Business
- Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers
- AIR Analyzes Typhoon Nesat’s Impact on Philippines
- Cigna Acquires UK’s FirstAssist Insurance Services to Broaden Product Line
- Fire at Shell Singapore Refinery Contained
- LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products
- Huge Floods in Manila as Typhoon Nesat Hits Philippines
- Shanghai Subway Trains Collide Injuring More than 270
- Argo Group Opens Office in Dubai
- Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable
- Best Special Report: Finds Strong Reinsurance Demand in Middle East, No. Africa
- Genworth Creates Reinsurance Treaty for Mortgage Insurance in Europe
- Williams to Head Liberty International’s D&O, Financial Institutions Business
- Transatlantic in Talks with New, Undisclosed Bidder
- Hurricane Center Tracking Hurricane Hilary off Coast of Mexico; Atlantic Storms
- Ratings Recap: FM Global (UK), Tapiola
- Willis and XL Implement e-Accounting for London Market
- Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee
- Validus, Transatlantic Make Peace; Confidentiality Agreement Signed
- AXA Completes Sale of Canadian Operations
- Island Nations at UN Warn of Climate Disaster
- Swiss Re Policies Help Cholera Victims in Haiti, Poor Farmers in Africa
- Driverless Car Navigates Berlin Streets
- Aon Risk Appoints Bentele, Dalchow to New Global Crisis Management Posts
- ARIS Art Title Insurance Adopted as Protocol by Global Art Fund Manager
- AIR Estimates Typhoon Roke Insured Losses at $150 to $600 Million
- Liberty Syndicates Names Sakamoto to Strengthen Brazil Platform
- Miller Appoints Smith for Scandinavian Binding Authority
- UK’s Tawa Posts $11 Million 1st Half Profit
- Hurricane Center Tracking TS Ophelia; Poses No Immediate Threat
- AIR Report: Typhoon Roke Now Offshore; Passed Tokyo with Heavy Rain
- Wilford to Head Willis Global Aerospace; Smaje is New CEO; Hanrahan, President
- Lord Levene to Receive Rarely Given Gold Medal for Services to Lloyd’s
- Aon Benfield Conference Underlines ‘Complexity’ of Catastrophic Events
- Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’
- Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable
- Lloyd’s CFO Stresses Overall Strength after Record Loss
- Politicians, Investors Worry Over Shrinking Middle Class, Role of Social Media
- Ratings Recap: NIPPONKOA (China), Leadway, B&B, Montpelier Re, Milli Re
- Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path
- FERMA Elects Luzzi as Next President, Dennery as VP
- Malta, Slovenia Risk Management Associations Join FERMA
- Typhoon Roke Threatens Japan: AIR Report
- Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes
- Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’
- Marine Insurers Backing Armed Guards as Piracy Threat Grows
- Torus Acquires Broadgate, Lloyd’s Syndicate 1301
- EQECAT President on the Continuing Evolution of Catastrophe Models
- Italy Downgrade, Greek Worry Dominate Europe’s Financial Markets
- Whittington Sells UK Business to Finance Asia Expansion
- U.S. Court Unfreezes $18 billion Ecuador Award against Chevron
- Reinsurance Underwriting also Means Risk Management at Endurance
- Good News – Bad News from the Reinsurance Rendezvous
- Hamilton Joins UK’s Miller from Bowring Marsh
- Aon Report Concludes Piracy Threat Spreading to East Africa Coast
- Hurricane Maria Makes Landfall on Newfoundland; Now Post-Tropical
- Allied World, Transatlantic Call off Merger Deal
- Lloyd’s Channel Syndicate Appoints Campbell to Head Financial Lines Division
- AIR Lowers Insured Loss Estimates for Hurricane Irene in the Bahamas
- US Data Center Study Finds Arctic Ice Melts to Second Lowest Level Ever
- Ratings: AmerInst, Emirates, Jamaica Int’l., Salama/BEST RE, Colonial, Trust Re
- Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable
- Hub International to Acquire Canadian Broker Horizon Insurance
- Willis Appoints Peller as Argentina CEO
- Shareholder Adviser OK’s Allied’s Bid, But Nixes Approval by Transatlantic
- Travelers Promotes Coello to Assistant GM for Professional Risks in UK
- Lloyd’s Issues First Direct Insurance Policy in China
- AIR Updates European Wind, Earthquake Cat Models
- Validus Files to Replace Transatlantic Board
- U.S. Court Fight May Not Solve Chinese Accounting Mess
- Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P
- Willis’ Report Finds Airline Industry Losses Hit 5-Year Low
- Japan Marks 6 Months Since Earthquake, Tsunami
- Hannover Re Sees Reinsurance Prices Rising Up to 8%
- HSBC Insurance Chief to Step Down
- Reinsurance Rendezvous Kicks Off in Monte Carlo
- Reinsurers Eye Innovation As Prices Disappoint
- HBSC Selling Non-Life Insurance Business: Reuters
- Willis’ Exec Sees Possible ‘Historic Change’ in Reinsurance Market
- Best, S&P Positive on Reinsurers’ Capital
- Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director
- Fitzpatrick to Head U.S. Retail for Endurance Specialty
- White Mountains Rebrands Reinsurance As Sirius
- Global Property Insurance Market Remains Volatile: Aon Benfield
- Storm Nate Fizzles After Landfall in Gulf of Mexico
- Aon Benfield Study Finds Reinsurer’s Capital Recovers in Q2 from Q1 Losses
- Bermuda Signs Tax Agreement with South Africa
- Allied World Finds $80 Million in New Synergies with Transatlantic Merger
- Allied World Appoints Fleischmann as New VP for Direct Underwriting
- UK Managing General Agents Launch Official Representative Association
- Swiss Re Report Estimates 2011 First 6 Months Cat Losses at $70 Billion
- UK Government to Ban Personal Injury Referral Fees
- Argo Group’s Fine Arts Title Underwriter in Partnerships with Art Insurers
- Montpelier Group Names Schaper as President of Montpelier Re
- Best Report Concludes Canada’s Insurers Improve, But Risk Profile Rises
- AIR Estimates Talas Insured Losses between $150 -$600 Million
- Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable
- Best Affirms Allianz SE, Most Subs ‘A+ Ratings; Outlook Stable
- SCOR Confirms Earnings Targets; Strategic ‘Strong Momentum’ Plan
- Hurricane Center Tracking 3 Atlantic Storms: Katia, Maria and Nate
- ARAG Launches UK Divorce Insurance Product
- Travelers UK Names Sawyer Professional Indemnity Manager
- Best Affirms Ratings of Lloyd’s Syndicate 958 (Omega); Outlook Stable
- Swiss Re Study Forecasts ‘Continued Growth’ for Insurance Linked Securities
- Best Special Report Sees Reinvigorated Reinsurance Market
- UPDATE: ConocoPhillips Apologizes for China Oil Spill
- UPDATE: Killer Typhoon Talas Brings More Misery to Japan
- Hurricane Center Reports Katia Weakens; Tropical Depression 14 Forms
- HSB UK Names Kane Chief Underwriting Officer
- Aran Insurance Services to Offer Specialty P&C Programs in Canada
- Ratings Roundup: Ocaso, Mariah Re (Notes)
- Best Affirms Generali Deutschland and Subs ‘A+’ Ratings; Outlook Stable
- Xchanging Appoints Sadler as Insurance Chief Info Officer
- UK’s Justice Action Group Rebuts ABI’s Stance on Personal Injury Claims
- British Insurers, Business Heavyweights Support UK Legal Reform Bill
- Typhoon Talas Kills At Least 15 As It Passes Japan
- Typhoon Talas Heading for Japan
- AXIS Re Appoints Krenboeck Marketing Director for Latin America
- China Orders ConocoPhillips to Halt Output at Bohai Bay Oilfield
- Willis Develops New Coverage for Nuclear Exclusion Risk
- S&P Changes Willis Group Outlook to Positive; Affirms Ratings
- Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
- Columbus Direct Launches New Ash Cloud Travel Cover
- Allied World Launches Swiss Operating Company
- Katia Becomes Hurricane East of Leeward Islands
- English Football (Soccer) Season Kicks Off with Help from Insurance Industry
- UN Climate Head Says Durban Talks Can Deliver Results
- S&P Assigns ‘A’ Rating to Allied World’s Swiss Sub; Outlook Positive
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