International News for August 2012 Russian Insurance Community Works on Implementing ACORD Standards Lockton Enters Strategic Relationship with Ecuador Broker Security Re UPDATE: Validus’ Flagstone Re Buy Examined Hurricane Kirk in Mid-Atlantic; TS Leslie May Hit Bermuda: NHC Reports Willis Research Sees Fewer, but Stronger, Hurricanes in Future Years Validus to Buy Flagstone Re for $600 Million in Cash and Stock Ratings Recap: China Taiping (NZ), Maiden Holdings (Shares) How Iran’s Main Oil Buyers Deal with Insurance Sanctions ANV Syndicate Opens Accident & Health Underwriting Operations CCRIF Reports Minimal Damage; No Payouts Due from TS Isaac Willis Exec Comments on Russia Joining WTO Willis to Open 22nd China Office in Harbin Tropical Storm Bolaven Makes Landfall in North Korea: AIR Analysis Guy Carpenter Report Finds Lloyd’s Seeking to Improve ‘Competitiveness’ NHC Tracking TS Kirk Swiss Re Corporate Solutions Opens Netherlands for Benelux Market Montpelier Re Names Downey Global Casualty, Specialty Treaty Head Typhoon Bolaven Strikes Okinawa; Heads for South Korea: AIR Analysis Arctic Sea Ice at Record Low; Expected to Keep on Melting Europe Drawn Back to its First Problem – Greece Orlich Joins American Safety Reinsurance Bermuda TS Isaac Drenches Haiti, Cuba; Turns West in Gulf of Mexico: AIR Analysis Powerful Typhoon Bolaven Nears Japan’s Okinawa Island XL Group Names Fisher to Lead Canadian Reinsurance Operations Swiss Re Reports Italian Insurance Market at ‘Crossroads’ of Change Ratings Recap: Oman Insurance, Abu Dhabi National, NLGIC, MEICO Typhoon Tembin Approaching Taiwan: AIR Analysis Stenzhorn, Bateman Join Lloyd’s Broker Howden’s Energy Division Best Assigns ‘B+’ Ratings to UAE’s Al-Sagr; Outlook Stable Philippine Police Arrest 357 Foreigners for Online Fraud TS Isaac Nears Haiti with Heavy Rains; Remains on Course for Eastern Florida Fitch Notes Reinsurers More Risk-Focused For More Asian Catastrophes U.S. Exports Seen at Risk as Russia Enters WTO UPDATE: TS Isaac on Track to Hit Florida; Strengthening Expected Ratings Recap: Omega Insurance, Al Ittihad, Alliance TS Isaac Forms in Atlantic; Strengthening Expected; Could Hit Florida: NHC Asia’s Iran Crude Oil Imports to Regain Levels Prior to EU Insurance Ban Best Upgrades NIPPONKOA’s Ratings to ‘A+’; Affirms Subs Best Affirms Sompo Japan’s ‘A+’ Ratings; Subs Ratings NSIDC: Arctic Ice Melting at Faster Rate than 2007 Record Year El Nino Seen Having ‘Modest Impact’ on Australia Flagstone Re Completes the Sale of Lloyd’s Operation to ANV Tropical Storm Helene Weakens as it Passes over Mexico’s East Coast Ambiental Flood Experts in Partnership with Aon Benfield Research Arc Legal Launches e-Underwriting Legal Expense Plan for Families, Landlords UPDATE: Hurricane Gordon Passes Azores; Expected to Weaken Montpelier Re Names Lucking Head of Individual Risk Property O’Halloran Steps Down as QBE Group CEO; Neal to Replace Him Climate Change Poses Risks to Food Supplies Beyond U.S. Drought Goofy Gordon Going Wrong Way; Storm Heads for Europe Earnings Report: QBE Group Best Upgrades QBE Optima’s Ratings to ‘A-’; Outlook Stable Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income New Storm Hits North Philippines; at Least 2 Dead RSA appoints Hotson Investor Relations Director Ebix Acquires Online Insurance Tech Provider TriSystems Catlin Names Curran to Head London Casualty Operations IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million* Insurance Deal Lets India Resume Shipping Iran Oil Standard Chartered Reaches $340 Million Settlement in New York over Iran R K Harrison Hires Rees to Lead New Cyber Risk Practice Euro Zone Skirts Slump; Reprieve Seen Short-lived New Storm Dumps More Rain on Flood-battered Philippines Allianz Central and Eastern Europe Operations 1st Half Results Hiscox Bermuda Appoints Palmer to Head Analytics and Research Wildfires Threaten to Burn Precious Natural Parks in Spain Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too Death Toll in Iran Quake Raised to at Least 250 Olympics: IOC President Closes ‘Happy and Glorious’ Games Ratings Recap: Electrical Contractors’, Scotia, Société Centrale, Adamjee India’s Basic Realities May Confound New Finance Minister’s Reform Agenda Cyber Surveillance Virus from Mideast Can Spy on Bank Transactions Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million Montpelier Re Announces Appointments in Property Treaty Operation ING Sees Quick Sales in Asian Insurance Break-up Aspen Restructures Regional Reinsurance Leadership AIR Update on Typhoon Haikui, as Storm Hits China Weakened Hurricane Ernesto Causes Minimal Damage Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C Ratings Recap: Mapfre Panama, Infrassure, Lemma Earnings Reports: XL Group, Alterra Capital China Braces for Another Typhoon; Japan on Alert: AIR Analysis Philippines Rushes Aid to 850,000 People Affected by Floods UPDATE: Cat I Hurricane Ernesto Nears Mexico, Belize Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses Willis Appoints Vaccaro CEO for Facultative Reinsurance Operations in Chile Earnings Reports: Argo Group, Flagstone Re Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion Earnings Report: AXIS Capital TS Ernesto Strengthens; Expected to Impact Belize, Mexico; AIR Analysis Willis Warns Directors of Risks in Serving on Boards Earnings Report: RenaissanceRe Willis Warns Directors D&O Policies May Not Cover Some Cyber Risks Peak Sun Cycle Threatens Satellites, Power Grids from Space Storms Allianz Expresses Concerns over Central Banks Role in Libor Scandal Aon Benfield Appoints Summers Global CEO Facultative Re Division UPDATE: TS Ernesto Crossing Caribbean; AIR Analysis Best Sees No Change In Tower Group Ratings from Canopius Merger Earnings Reports: Catlin Group, RSA Ratings Recap: Sunderland Marine, ENI NHC Tracking TS Ernesto in Caribbean Willis Posts $107 Million Q2 Net Income; $332 Million 1st Half ING Considering Sale of UK, Canadian Online Banks Typhoons Saola, Damrey Strike, Philippines, Taiwan, China: AIR Analysis RBS Confirms Firing Employees over Libor Rigging Scandal The Libor Scandal – an Ongoing Major Catastrophe India Power Failure Hits Millions; Among World’s ‘Worst Blackouts’ Recession, Libor, Facebook Punish Europe’s Banks Legal Expert Taherbhai Joins Aon Infrastructure Solutions in Canada International News Archives
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