International News for June 2009 Best Keeps IPC and Subs Ratings Under Review/Negative Marsh Launches Project Prof. Indemnity Insurance Facility for Construction Firms This is It: Massive Headache for Jackson Concert Series Promoters Cat Bond Market Still Seeking Collateral Solution Index Insurance Seen Helping Poor Farmers Cope with Global Warming Lockton Hong Kong Launches ‘After-Event’ Insurance Product Willis Forms ‘Strategic Alliance’ with British Retail Consortium for Insurance CGM Gallagher Appoints Tomlin and Rocheford to Sr. Management Positions Best Affirms Mitsui Sumitomo’s ‘A+’ Ratings Willis is Positive for Future of Offshore Wind Insurance Market Best Affirms Wind River Re’s ‘A’ Ratings, Stable Outlook Ratings: Argo Re, Heddington, La Colonial, Trinidad & Tobago, Lancashire, Brit Marsh: Europe’s Communications, Media, Tech Firms Focus on Risks Collector Car Specialist Hagerty Expands into Canada Microinsurance Industry Sees Profits from the Poor Pirates Free Cargo Ship Near Somalia, One Crewman Dead RMS ‘Underwriting Toolkit’ Provides Instant UK Property Risk Assessment Steamship Mutual Publishes 2009 ‘Management Highlights’ Zurich Names Schiavone to Head Global M&A Willis UK Broker Networks Mark 10 Years, 100 Members French Official Says No ‘Black Box’ Signals from Flight 447 Allianz Report Urges ‘Coordinated Solution’ to Combat Piracy Threat Best Affirms Fairfax, Subs Ratings Tropical Storm Andres Forms in Pacific off Mexico Key Australian Senator Condemns Proposed Pollution Laws Fischer Named to Head AXIS Re Reinsurer IPC Taking Bids From Suitors; Opposes Validus Bid Brit Insurance Announces ‘Possible Offer’ for Chaucer Holdings Ratings Recap: Continental Re, Best Meridian, Al Fajer, Caisse Centrale Re RMS Comments on Importance of UK Climate Impact Report AIG’s Taiwan Life Insurer Drawing Interest From J.C. Flowers, Fubon Air France Preparing First Payment to Crash Victims’ Families No Conclusions Yet in Air France Flight 447 Crash Probe Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum Irwin to Lead Marsh’s EMEA New Client Development SBJ Global Adds New Binding Authority Team AIG Picks Deutsche Bank, Morgan Stanley for Joint AIA IPO Role Marsh Urges UK Manufacturers to ‘Leverage Risk Management’ Plumeri Sees Financial Turmoil as an Opportunity for Insurance Industry Aon Calls for Lower Premiums on Greener Business Best Affirms Paris Re’s ‘A-’ Ratings S&P Places IPC Holdings and Related Ratings on CreditWatch/Negative S&P Affirms Max Cap’s Ratings – Off CreditWatch; Outlook Positive Red Cross Report Confirms 2008 Rise in Weather-Related Disasters Validus Threatens to Replace IPC Board if Agreement Not Reached ACE Opens Branch Office in Turkey Aon Launches Risk Financing Decision Platform Lloyd’s ’360 Report’ Analyzes Impact of Global Political Instability Worst of Global Crisis May Be yet to Come Says Head of IMF World Legislators Warn G8 Must Take the Lead on Climate Change Max Capital Terminates Amalgamation Agreement with IPC Int’l. Chamber of Commerce Calls on G8 to Avoid Economic Nationalism Ratings Roundup: TTB/TTI Club, Oman Insurance, Trust Re Reinsurers See ‘No Major Losses’ from Flu Pandemic Max Cap Says IPC Shareholders Have Rejected Merger Deal Den Dekker Elected FERMA President Aon Launches ‘Trade Manager’ to Combat Bad Debts Zurich Names Reiter as Group Corporate Responsibility Manager Zurich Appoints Howie CFO, CAO – Asia-Pacific/ Middle East WHO Poised to Declare First Flu Pandemic Since 1968 Towers Perrin Names Kozlowski to Lead P/C Consulting in SE Asia Marsh Survey Finds Financial European Risk Management Budgets Stagnant Guernsey Registers Increase in Insurance License Applications S&P, Best Rate Beazley’s Holding Co. Best Affirms Everest Re’s ‘A+’ Ratings; Stable Outlook Ratings Roundup: Elwood, CIBC Re, Mapfre Praico, RenRe Air France to Replace Speed Sensors; Searchers Find More Bodies, Debris Accenture Study Finds Insurers Continue Expansion Plans EU Ministers Vow Debt Curb; Broach Bank Supervision Marsh Warns of ‘Perfect Storm’ in UK Construction PI Insurance Market Guy Carp Report Details EU Developments Affecting Insurance Validus Increases Offer for IPC Caribbean Governments Renew Catastrophe Group Coverage ACE Europe Finds Lack of Risk Manager Authority in Financial Crisis RMS Completes Micro-Insurance Quake Project for Rural China Max Cap, IPC Propose ‘Cash Dividends’ as Part of Merger Deal Air France Crash Site Found: 17 Bodies, Wreckage Recovered Shrimpton Named as Catlin’s Senior Marine Hull Underwriter Air France Jet Likely Broke Apart above Atlantic Ocean Best Affirms Intact Insurance (former ING Canada) ‘A+’ Ratings Ratings Roundup: Fortis, Patria Re, CIRe Amlin to Buy Fortis Dutch Corporate Insurance Unit; S&P, Best Comment Aon’s 2009 Marine Insurance Outlook Association of British Insurers Warns of Regulation ‘Contagion’ New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict Air France Crash May Remain a Mystery Say Investigators Aon to Sponsor Manchester United Beginning with 2010-11 Season Argo Renames Lloyd’s Business as ‘Argo International;’ Enoizi New CEO WHO Official Says World Edging Towards Flu Pandemic AIG to Sell Argentina Consumer Finance Operations S&P Affirms Hannover Re’s Ratings, But Revises Outlook to Negative IAG Receives Around 4,000 Storm Claims Lloyd’s CEO Says Insurance May Play ‘Bigger Role’ in Poor Regions High Seas Search Continues for Air France Plane with 228 Aboard Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient IPC Notes Court’s Dismissal of Validus Scheme of Arrangement Lawsuit Panama Moving Slowly on Making Tax Haven Law Changes China’s CNinsure Acquires Hongzhengda UPDATE: Air France Rio-Paris Flight Missing over Atlantic after Storm Aon Trade Credit UK Launches New International Team International News Archives
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