International News for February 2012 Arbitrators Agree to Hear Chevron-Ecuador Pollution Liability Case China Higher Court Hears Apple’s iPad Trademark Claim UK Singer Church Settles in Murdoch Hacking Case World Bank Says China Must Embrace Market Economy Willis Peru Sells 49.9% Stake to Credicorp in Partnership Move Former BUPA Head Gooding Joins XL Board Lloyds Bank’s Huge Loss Tied to Insurance Sales Ratings Roundup: PMG (Sony), National Grid, Tapiola Allianz Posts $3.73 Bn Net Income; Hit by Cat Claims, Sovereign Debt, Banks Asia Insurer AIA Boosted by Surge in New Business Top Japan Insurer to Cut Coverage for Ships in Iran Under Sanctions India Still Insuring Exports to Iran Best Affirms RSA and Operating Subsidiaries Ratings; Outlook Stable New London Broker Q360 Launched in Partnership with Tawa Swiss Re Reports $2.6 Billion 2011 Net Income Despite Nat Cats Fondiaria Battle Heats up as Funds Table Offer; AXA Interested Italian Prosecutors Expand Cruise Ship Investigation as More Bodies Found ING to Sell 3 Asia Joint Ventures Separately from Other Assets Reuters: Dubai Finance Centre to Allow Transactions in Chinese Yuan EU Seeks Legal Opinion on Global Copyright Pact Anti-Piracy Group SOS SaveOurSeafarers Welcomes UK Gov’t. Support Belgian Gov’t. Names Former FERMA President Dequae to Dexia Board Best Assigns ‘A-’ Ratings to Assurances Mutuelles de France Starr Cos. Hires ING Group Exec to Lead Starr Strategic Partners Four More Bodies Found on Italian Costa Concordia Cruise Liner South Korea’s KB Financial Eyes ING Insurance U.S. Justice Dept. Closes Allianz Indonesia Bribery Probe w/o Charges Best Assigns ‘A’ Ratings to Starr International Insurance (Singapore) Willis Global Solutions CEO Chides Industry for Failures on Reputation Risk Report: Greek Bondholders – Banks and Insurers – Set for 74% Haircuts A.M. Best to Open Branch in Dubai for Middle East, Africa, Asia One Year Later, Christchurch Still ‘Safe Haven’ for New Zealand Quake Survivor AIR Analyzes Increased Japan Risk after Tohoku-Oki Earthquake Best Affirms Ratings of HDI Hftp. der Deutschen Industrie, Talanx AG Best Affirms HDI-Gerling Industrie Versicherung AG, and Subs Ratings Fairfax Financial’s Quarterly Loss Widens on Cat Claims Best Assigns ‘A-’ Ratings to Assurances Mutuelles de France Marsh Introduces Maritime Security Facility West Africa Waters Among Riskiest Routes for Shippers Best Places IPCRe, Validus Re Europe Ratings on Review-Developing China’s Trademark System Baffles Foreign Firms Cooper Gay Refocuses MGA on International Business Harris Joins Torus from Aviva as Group CFO Miller Names Cunningham, Wauchope for Political, War, Trade Credit Risks Zurich Board Proposes Name Change to Zurich Insurance Group Japan Nuclear Plant Planned Review of Tsunami Risk— But Too Late Online Social Network Can’t Be Piracy Police: European Court Moody’s Warns May Downgrade Global Banks, Cuts Ratings on Insurers Europe’s Big Insurers Hit by Debt Crisis, Catastrophes, Economy PERILS Estimates Windstorm Andrea Property Losses at $350 Million JLT in Tie-up with Spanish Commercial Broker Unipsa Best Affirms Mexico’s Seguros Inbursa ‘A’ Ratings More Shipwreck Survivors File Lawsuits against Carnival, Costa Cruises MAPFRE Highlights 19.3% 2010 Latin American Insurance Market Growth Lloyd’s Estimates Thai Flood Losses at $2.2 Billion Chinese Firm Claims It Owns Apple’s iPad Trademark Italian Court Sentences Businessmen to Jail in Asbestos Case Earnings Report: Montpelier Re Best Special Report Spots Insurance Market Rebound, Growth in Mexico Willis Re Appoints Melia as CEO Willis Re International Marsh Names Dundas Global Head for Marketing and Communications Prudential Picks Merrill for Advisor on ING Asia Bid China Author Sues for Defamation Over Ghostwriting Claims Building Toppled by New Zealand Quake Was Substandard Earthquake Shakes Switzerland; No Damage Reported Best Analyzes Impact of Flood Losses on Thai Insurance Industry Earnings Reports: Everest Re, XL Group Bogus Insurance Claims Help Spaniards Weather Tough Economic Times Lawyer Says Cruise Lawsuits Will Force Insurers to Demand Higher Standards Earnings Reports: RenaissanceRe, AXIS Capital, Alterra Capital Willis Chief Warns London Audience of Major Risk Increases in 21st Century Hopes Fade for Dozens Buried in Philippines Quake ING to Split Investment Unit from Insurance Sale Aon’s New ‘Political Risk Map’ Focuses on ‘Arab Spring’; Global Threats Freezing European Weather May Last to End of February Report: AXA, ACE Are Final Two Contestants for HSBC Insurance Arm TomTom Sees Potential in Europe’s Auto Insurance Market; Motaquote Signs On Ratings Roundup: La Colonial, InterGlobal Xchanging Unveils Modernization Technology Initiative for London Market Willis UK N2 Broker Network Adds 10 New Members Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines Despite Uptick in Frequency, January Sees No Major Natural Disaster Rescuers Dig to Reach People Trapped by Philippines 6.9 Earthquake U.S. Authorities Looking Into Murdoch Foreign Payments Geneva Association Report Analyzes Re/Insurers’ Insolvency Resolution Torus Appoints Rousseau to Develop General Property in France Best Upgrades Validus Re’s Ratings; Outlook Revised to Stable Lloyds TSB Adds Travel Disruption Insurance Global Mining Insurance Market Capacity Down 30% After Losses: Willis China Tightens Rules for Auditors of Listed Firms Earnings Reports: Validus Holdings Japan Reported Ready to Join Compensation Pact for Nuclear Victims Australia Evacuates Flooded Towns; Coal Mines Close PIP Breast Implant Scandal Exposes Weaknesses in EU Safety Net EU Regulators Look to Halt Google’s New Privacy Policy Milliman Opens New Office in Belgium Niblett Joins Xchanging as Insurance Change Director Munich Re Sees $933 Million 2011 Profit Despite Cat Losses Haiti, Dominican Republic May Be Entering Big Earthquake Period Korea Life Considers Bid for ING’s Asia Insurance Business Japan Governor Wants Nuclear Safety Pledge in Writing ABI Warns of Increased Flood Risks in England and Wales UK’s Evolution Secures Allianz Capacity for Additional 5 Years Europe Freeze Kills 89; Fears Rise over Russian Gas Earnings Reports: ACE Limited Chubb System Helps Expedite Clinical Trials in China and Brazil Japan Cabinet Approves Cap on Nuclear Reactor Lifespan International News Archives
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