International News for June 2011 Container Shipper Suspends Some Iran Operations over Sanctions AIR Analysis Sees Minimal Damage in Mexico from TS Arlene TS Arlene Lashes Central Mexico with Heavy Rains UK’s Legal Expense Insurers Say Referral Fees Cause for Claims Increase Willis Re Sees Reinsurers Reacting as $48 Billion Losses Take Their Toll Serial Shocks Forcing World to ‘Think Long’ Mitsui Sumitomo at Lloyd’s Names Rayner to Head P&C Underwriting S&P: Resilience of French Insurance Industry Will Be Tested Further Season’s First Atlantic Storm Powers Toward Mexico US, India Pledge Market Access Cooperation; Could Ease Insurance Barriers Accounting Issues Could Stall France’s Greek Debt Plan AXA UK Bans Lawyers’ Referral Fees; Calls for Whiplash Damage Reform Report Says South China Sea Disputes Could Lead to Asian War S&P Reports European Insurers Still ‘Nervous’ Despite Gains Sony Says Protecting Content Made It Hackers’ Target Bermuda Signs Tax Information Agreement with Indonesia Ascot Syndicate 1414 Increases 2011 Capacity to $1.038 Billion Many Aon Benfield Conference Delegates See 2014 Better for Solvency II Start Liberty Int’l., Liberty Syndicates Combine for Mideast Terror Risks FERMA Elects New Board Members LulzSec Hackers Say Disbanding After Last Data Dump Green Joins UK’s Miller Facultative Re Team China Accounting Scandals Put Big Four Auditors on Red Alert Banks, Insurers Move Closer to Deal on Greek Bailout Canada, Other Countries Block Asbestos from UN Hazardous List New Zealand Offers to Pay 5,000 to Leave Quake-Hit Homes Best Affirms Ironshore and Subs Ratings Ratings Recap: IGIUK, MAPFRE Re (Panama), Arab Misr, Gulf, Caribbean Alliance Aviva’s Accident Recovery Sale to Carlyle Won’t Change Ratings Says S&P Best Upgrades Lancashire’s Ratings to ‘A’; Outlook Stable Casualty Actuaries Should Consider Foreign Customs, Economics, Politics Rolls-Royce, Qantas Settle A380 Engine Dispute for $100 Million Swiss Re Sets Out Revised Leadership Structure Hooper Named CEO of UK’s Cooper Gay & Co. Liberty Mutual Appoints Huerta CEO of Liberty Seguros Spain Best Upgrades ACE Limited and Subs Issuer Credit Ratings; Affirms FSR’s Tokyo Electric Power Facing $1.1 Billion in Mental Distress Claims Europe Seeks to Get Insurers, Banks on Board Greek Bailout Amy Winehouse’s European Tour in Doubt; Insurance Coverage Too Best Upgrades Issuer Credit Rating of ACE European Group; Affirms FSR EU Urges Tariff Standstill as Doha Round Down Payment ACE Acquires All Shares of ACE Synergy Insurance Berhad in Malaysia Best Affirms Argo Group International and Subs Ratings DUAL Corporate Risks Appoints Blake Prof. Indemnity Underwriter Travelers Acquires Interest in Brazilian Surety Insurer JMalucelli Best Affirms International General’s Ratings Hurricane Beatriz Hits Mexico’s Pacific Coast Hackers Bring Down British Police Web Site Best Affirms Ratings of Marine TT Clubs in Bermuda and UK European Central Bank Head Warns of Widening Global Imbalances Liberty International Sponsors UK Charity Soccer Match Zurich to Acquire Malaysian Assurance Alliance Berhad Ships Tossed Ashore by Japan Tsunami Rescued Everest Re Names Addesso President; Doucette Chief Underwriting Officer Willis’ Plumeri Cites ‘BRIC Growth’ as Potential Insurance ‘Golden Age’ ACE Names Farid Eid Filho Country President for Brazil Eqecat Defends Latest New Zealand Quake Loss Estimate New Zealand Quakes Drive Insurance Market Changes Best Affirms Lufthansa Captive Insurer Delvag’s Ratings Porrino to Join XL Group as Executive VP, CFO Aon Benfield Reports 6% Decline in Global Reinsurers’ Capital Catlin Re Switz. to Open Madrid Office; Augments Underwriting Staff S&P Lowers, Withdraws Ratings on First Takaful Guernsey Seminar on Solvency II Assesses Rejection of ‘Equivalence’ Zurich to Transfer London Run-Off Business to Swiss Re Smith to Join Swiss Re as President, CEO Americas; Ozendo Retiring Ratings Recap: PartnerRe (notes), Mariah Re (notes), Montana Re (notes) Latest Christchurch Quake Caused Significant New Damage Zurich Financial to Open Reinsurance Unit in Booming Brazil AEGIS London Approves $1 Million in Premium Credits for Members Ascot Appoints Karns to Houston Underwriting Unit ARAG Appoints Layton for Business Development in Southeast UK HSB Engineering Names Tingus to Head HR Best Sees No Ratings Change from Allied World, Transatlantic Merger Vietnam Insurance Market Readies for Foreign Insurers, New Regulations Latest New Zealand Quake Causes Up to $5 Billion in Damages: Eqecat Quakes Again Rock New Zealand’s Christchurch China Approves Capital Increase for Liberty Mutual China Subsidiary More Workers May Exceed Japan’s Radiation Limit Insurers Meet in Canada on United Nations Sustainability Principles Mexico Buys $400 Million of Disaster Insurance International Monetary Fund Cyber Attack Boosts Calls for Global Action Transatlantic, Allied World Agree to Merger Swiss Re to Reinsure Ethiopian Microinsurance Project Climate Talks Floundering without Ministers Lloyd’s Highlights Potential Impact from Cyber Crime, Data Loss MAPFRE RE Opens Paris Branch Office Cooper Gay Hires Directors for Latin American Downstream Energy Ratings Roundup: Attorneys’ Liability, AMI ACE Report Examines Potential Impact of Solvency II on Captives Adrian is First Hurricane of 2011 Pacific Season Taiwan Conditionally Approves AIG’s Nan Shan Life Sale Bowden joins Lloyd’s Marketform as D&O Underwriter S&P Raises Allied World’s Ratings AXIS Capital Announces Leadership Change at AXIS Re Finance Industry Warns of Transatlantic Discord over Derivative Rules New Aon Terrorist Risk Map Includes Mideast, No. Africa Unrest Sea Transport Firm May Drop Dutch Flag over Piracy Rules Best Places AXA Canada, Intact Financial Ratings under Review HDI-Gerling Hires Appleton as UK, Ireland Liability Head Starr International Invests in China’s Dazhong Insurance Co. Everest Re Names Gourgeon as European General Manager Travelers Europe Appoints Felisky as Chief Risk Officer Lloyd’s Welcomes North American Brokers Need for Global Insurance Standards Driven by Financial Crisis, Solvency II 3,500 People Evacuate as Volcano Erupts in Southern Chile Catlin Launches Service Initiative for UK, Lloyd’s Brokers Germany Says Beansprouts May be Cause of E.coli Infections Living with Solvency II; A Top Regulator Gives His Views Hackers Attack Another Sony Network; Post Data on 1 Million Users Aviva Hires Friends Provident ex-CEO Matthews for UK Unit Europe’s Lethal E.coli Strain May be Deadliest Yet Bain Joins UK’s Miller from Marsh Ratings Roundup: Island Heritage, Patria Re S&P Affirms Platinum Underwriters and Operating Subs Ratings Validus Launches ‘AlphaCat Re 2011′ Sidecar ICC Denounces Growing Protectionist Trend in G20 Countries Russia Bans EU Vegetables Due to E.coli Fears Ironshore Europe Expands, Opens Office in London Best Affirms Platinum Underwriters and Subs Ratings ACE Elects Two New Directors to Board Intact Financial to Acquire AXA’s Canada Operations for $2.684 Billion Swiss Re to Acquire $2.62 Billion in Assets from American Life Aon Benfield Publishes Report on Lloyd’s Brit Opens Lloyd’s Service Company in Australia International News Archives
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