International News for October 2010 Lockton: Commercial Lines Capacity ‘Remains Plentiful’ Tropical Storm Shary on Track to Hit Bermuda by Tonight European Union Agrees on Positions for Cancun Climate Talks Sources Say Allianz and Partners Plan UK Fast-rail Bid North Atlantic Oscillation Condition May Affect Europe’s Winter Weather China’s Legal System: an Insurance Perspective ACE Global Engineering Network Launches Industry Fact Sheets AIA Shares Surge 17% on Trading Debut in Hong Kong U.N. Nagoya Meeting to Protect Nature Splits on Targets London Broker Oxygen Strengthens Construction Specialty Team Aspen Q3 Net Down 36% at $92.8 Million; Conference Call Today ACE Q3 Net Income of $675 Million, up 37%; Operating $688 Million RenaissanceRe Q3 Net Income $204.8 Million; Operating $90.9 Million Ratings Roundup: Dah Sing, Qualitas, Nissan Global UK Insurance Broker Jailed over Costa Rican Corruption Fish Processing Ship with 111 Aboard on Fire off UK Global Regulators Call for Curbs on Credit Rating Agencies IAG Reaffirms Fiscal Year 2011 Earnings Guidance Best Places Brit’s Ratings Under Review with Negative Implications Lyndon-Stanford Joins Miller’s Facultative Reinsurance Team Best Affirms Torus Insurance and Operating Subsidiaries Ratings 272 Die in Indonesia Quake, Tsunami; Aon Benfield Analysis ACE to Acquire New York Life’s Operations in Hong Kong and Korea Forecast AIA Shares Set to Rise by 11% on Debut after Record IPO Canada’s Sun Life Selling Reinsurance Unit to Berkshire Hathaway New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re Arch Capital Posts $141.6 Q3 Net Income; Operating $130.7 Million Munich Re Sees Growth in Renewable Energy; Comments on Renewals ABI Expresses ‘Disappointment” on UK Gov’t. Plans to Cut Flood Funds Brit Insurance Accepts Takeover Offer from Investment Fund Bermuda Insurers Collaborate on Healthcare Offerings Junge & Co Renames Reinsurance Division ‘Cooper Gay Germany’ Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions Torus Names Kuprianczyk to European Professional Lines Team Hurricane Richard Hits Belize; Could Reach Mexico’s Oil Fields TS Richard Set to Become Hurricane; Hit Yucatan AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range Catlin Re Switzerland Expands Underwriting Staff Report Concludes Invasive Species, Climate Change, Form ‘Deadly Duo’ Willis Acquires Prestige Office Building in Birmingham, UK Sources Say Demand Hints AIA IPO Pricing Near Top End U.N. Urged to Freeze Climate Change ‘Geo-engineering’ Projects Marsh’s Moczarski: Risk Managers’ Role in Organizations is Growing Best Affirms ‘A’ Ratings of Lloyd’s Syndicate 2010 (Cathedral) Aon Reports UK Law Firms Seek Early Renewal for Prof. Indemnity Willis Consolidates, US, UK Group Mining Practice French Retirement Protests Take Violent Turn Southern China Braces for Super Typhoon Megi Zurich Makes Senior General Insurance Sector Executive Appointments Tight Market Drives Australian Companies into Deals Abroad Willis Re Merges UK, Europe Teams; Forms Willis Re Europe Tide of History Runs against Would-be G20 ‘Grand Bargain’ Lloyd’s to Restructure Claims Management Procedures Catlin Canada Establishes Offices in Montreal and Vancouver ACE Names Polyblank as UK & Ireland Marketing, Communications Mgr. U.S. Says ‘End is in Sight” on Russia’s Bid to Join the WTO Best’s London Briefing Highlights Challenges for Europe’s Insurers Amore to Retire from Zurich New Swiss Re sigma Study Examines Impact of Inflation on Insurers Marsh: Power Industry Faces New Technologies, Environmental Risks ACE Appoints Froud Chief Admin. Officer – Bermuda; Samson to Retire AIR Estimates Philippines Typhoon Insured Losses under $150 Million Hoaxers Target New Chevron Advertising Campaign Australian Mines, Sugar Growers Face Increased Cyclone Threat Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market ICC Maritime Bureau Warns of Expanding Pirate Attacks Ratings Roundup: Travelers (UK), Tenet, Allianz (France) Markel International further expands bloodstock, livestock business So. Korea Reports Somali Pirates Abduct 43 Sailors off Kenya Philippines Braces for Super Typhoon Megi; Hundreds Evacuated Fund Orders for AIA IPO to Close Early on Strong Demand Energy Insurance Market to Remain Flat or Decline over Next Year Ye Joins Aon Benfield China Team Lloyd’s McGovern Works to Expand No. American Business; Part II Havana Takes a Hit as Tropical Storm Paula Passes Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I Clements Europe Acquires Vehicle Risk Management Book from Lockton Beazley, Co-Founder of Beazley Group, Passes Away Poll Shows AIA IPO Price Seen Above Mid-point; Will Raise $19.8 Bn Everest Re Management Shakeup: Taranto Stays; Jones Leaves ACE Makes Marine Appointments Mexican Coast, Cancun on Alert for Hurricane Paula Hurricane Paula Spares Mexico’s Coast, Heads for Cuba Zurich Acquires Lebanon’s Compagnie Libanaise D’Assurances Aon’s Mid-Term Review on P&I Clubs Highlights Earnings Turnaround Best Affirms Greenlight Re’s ‘A-’ Ratings Hurricane Paula Heads for Mexico’s Tourist Coast Best Affirms Aspen’s ‘A’ Ratings; Outlook Stable Ratings Recap: FM Insurance, AMI (NZ), MISR, Greenlight Re Ireland Floods Continue to Punish Asia, Killing Nearly 140 China Blames Climate Talks Standoff on Rich Nations France to Seek G20 Overhaul of Global Monetary System ACE to Acquire Malaysian Insurer Jerneh Berhad for $200 Million C.V. Starr Opens Paris Office; Sets Europe Expansion Plans Foreign Insurers Need Adaptability to Share in Gulf Market Aon: EU’s Environmental Liability Directive May Dominate Hungarian Spill Willis Launches Captive Insurance Facility in Malta Safety Remains a Concern for Nanotechnology Says Lloyd’s Willis Re Releases Detailed Flood Models for Latin America Hungary Aluminum Sludge Flood Called ‘Ecological Disaster’ Aon’s Jenkins Appointed President of London Business Interruption Ass’n. Best Report on UK PC/: Rates Rising; Operating Environment Still Tough RMS Reviews 2010 Hurricane Season to Date S&P Analysis Finds Insurance Could Spur Climate Change Investments Swiss Re Structures $138.6 Million Cat Bond for Groupama U.S. Says Climate Talks Fail to Make Headway Aon Benfield’s Monthly Cat Report Highlights Tropical Cyclones, NZ Quake AIA Warns Failed Prudential UK Deal Could Impact Business China Says Climate Talks Must Tackle Rich Nations CO2 Cuts Lower Corporate Taxes Could Help Preserve London’s Competitiveness AIA IPO Seeks up to $14.9 Bn US State Dept. Warns Americans to be Vigilant When in Europe Source: Kuwait’s Investment Authority Commits $1 Billion to AIA IPO Allied World Directors Approve Swiss Domicile Move; Conference Call Today Climate Chief Urges Nations to Show Deal Can Be Done RSA Acquires GCAN Insurance in Canada for $410 Million Lloyd’s Chairman Warns on Peril of Over-Regulation; Urges Growth Swiss Re Announces Major Division & Leadership Structure Reorganization EU Finance Ministers Seek to End Bank-tax Dispute; Grill Rating Agencies Ratings Roundup: United (Aon), Fairfax, Sirius International News Archives
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