International & Reinsurance News for August 2010
- Taiwan Regulator Rejects AIG Unit Sale
- Ratings Recap: Glacier Re, AXIS
- AIR Tracking Typhoon Kompasu, Tropical Cyclones
- Endurance Appoints Falcon as Head of Reinsurance for Latin America
- Best Affirms ‘A++’ Ratings of French Gov’t. Reinsurer Caisse Centrale
- UN Climate Panel Urged to Reform, Stick to Science
- India’s Economic Reforms in ‘Limbo’ as State Elections Near
- Sumatra Volcano Erupts after 400 Dormant Years
- Report AIG Decides against Strategic Investor for AIA
- Manulife, Ace among Bidders for NY Life Asia – Sources
- UK’s Arc Legal Launches Yacht and Marine Legal Expense Coverage
- Aon UK Warns Car Rental Companies on Upswing in ‘Crash for Cash’ Claims
- Ratings Recap: PartnerRe, Oriental
- Danielle Again a Category 2 Hurricane; TS Earl Forms in Atlantic
- Danielle Weakens; 90% Chance of Another Tropical Storm
- Report AIG to Decide on AIA Pre-IPO Sale by Next Week
- Ireland Stung by S&P Downgrade
- S&P Raises Validus’ Rating to ‘BBB’; Assigns ‘A-‘ Rating to Validus Re
- Lloyd’s Warns of Perils Related to Electric Grid Transformer Failure
- Best Affirms Allied World, Operating Affiliates ‘A’ Ratings; Outlook Stable
- Liberty Mutual Receives Approval to Begin Zhejiang Branch Operations
- CORRECTED Financial Figures: Best Affirms Sunderland Marine Ratings
- Hurricane Danielle Reaches Category Two Strength
- Beecher Carlson Appoints Mehta Bermuda Executive Managing Director
- HSBC in Talks with Old Mutual for 70% Stake in South Africa’s Nedbank
- Tropical Storm Danielle Continues to Strengthen in Atlantic
- Best Affirms Catlin Insurance Companies ‘A’ Ratings; Outlook Stable
- Best Affirms Ratings of Lloyd’s Syndicate 2003, Managed by Catlin
- Marsh Urges Review of Business Continuity Plans after Russian Fires
- Aon Benfield Launches Monthly Insurance Linked Securities Index
- Taiwan’s Legislature Approves China Trade Pact
- Japan Analyzing Damage to Tanker in Hormuz Strait
- Venezuela to Nationalize La Previsora Insurance Company
- RMS Releases ‘Australia Severe Convective Storm Model’
- Ratings Roundup: Infrassure, Africa Re, Ocaso
- ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’
- Marsh Risk Consulting Names Waterer to Head New Operational Risk Post
- Aviva States RSA Offer not in Shareholder Interest
- Colombia Air Crash ‘Miracle’ as Only One Death Reported
- Lloyd’s Exchange Continues to Gain London Market’s Acceptance
- AXIS Global Accident & Health Names Allen Senior VP Intl. Insurance
- Best Affirms MAPFRE RE’s A+ Ratings; Outlook Negative
- Ratings: Sunderland Marine, Continental Re, Abu Dhabi Ins., Oman Ins.
- Extreme Weather Seen Unlikely to Help Climate Talks
- EU, US to Hold November Summit in Portugal; Insurance on Agenda
- Marsh UK Consolidates Manchester Operations with Mercer
- ACE Names Keogh Vice Chairman
- UN Chief Appeals for Aid in Flood Ravaged Pakistan; U.S. Sends Help
- Report China Consortium Planning to Bid for 30% of AIA
- RSA Confirms Offer to Buy Aviva’s P/C Operations for $7.83 Billion
- Scientists Downplay Health Risks of Fires Near Chernobyl Nuclear Plant
- Survey: Double Dip Recession Tops Concerns of Europe’s Business Leaders
- Weather Experts Discuss Why Insurers, Others Need Better Warning Systems
- Ironshore’s Pembroke Syndicate to Expand Professional Indemnity Business
- China Loosens Restrictions on Insurance Investments
- UK’s Prudential Trims Cost of Botched AIA Deal
- India’s Nuclear Bill Gives Stiffer Penalties, Higher Insurance Costs
- ACE European Group Names Dixon as Regional Managing Director
- Pakistan Floods, Russia Heat Fit Climate Trend, Scientists Say
- Insurers Await Report on Japanese Tanker Attack
- Russian Troops Dig Canal to Keep Fires from Nuclear Plant
- Colin Weakens to Tropical Storm West of Bermuda
- Competition Benefits Europe, Middle East, Africa Insurance Buyers: Marsh
- Tropical Storm Colin Reforms, Heads for Bermuda
- Swiss Re Shuns Low-Margin Accounts; Weighs Where to Deploy Capital
- Mitsui O.S.K. Chief: Terrorism a Possibility in Damaged Tanker
- Catlin First Half Profit Falls
- Moscow Choked by Wildfire Smoke, Heatwave; Villages Burn; Planes Diverted
- Zurich Financial Appoints Orator as Chief Administrative Officer
- East London Experiencing Tenfold Increase in Extreme Rainfall: Lloyd’s
- Spain $1 Billion Lawsuit Over Sunk Tanker Dismissed
- European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
- European Life Insurers Hope Accounting Change Will Woo Investors
- U.S. Tightens Iran Sanctions
- Utilities Market Still Softening Despite ‘Mega’ Claims: Willis
- Wyman Named UK Head of Casualty for Torus
- Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events
- Ropner Launches First Party Shiprepairers Liability Product
- OneBeacon Broadens International Coverage Capabilities
- Russia Declares Emergency as Wildfires Kill 40, Displace Thousands
- Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit
- July’s Catastrophes Cause Widespread Losses Globally: Aon Benfield
- Ozeki Named Executive VP of Chartis Far East
- MetLife to Sell $3 Billion in Stock to Buy AIG Life Unit
- Cooper Gay Touts Ambitious Plan for New Business
- London’s Oxygen Insurance Appoints Rowlands Head of Office
- China’s Economy Set to Pass Japan’s as World’s Second Biggest
- Sun Life Sees China Premiums Doubling This Year
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