International News for November 2011 Renewable Energy Sector Presents Rising Risks, Demand for Insurance Pickering Named CEO of Willis South Africa Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit Foreign Insurers Must Decide If China’s Growth Outweighs Disadvantages Man Released from Aruba Jail Still Suspect in Traveler’s Death Arbitrators Near Jurisdiction Call in Chevron-Ecuador Pollution Case Thai Flood May Hit Asia Harder Than Japan Disaster: Official Validus Ends Transatlantic Takeover Bid Ratings: Bahrain Kuwait, Twin Bridges/Majestic, GTA Assur, Bahamas First, swisspartners (SPV & SPC) Best Briefing Concludes Majority of Thai Flood Losses from BI Claims Best Affirms Hiscox and Operating Companies ‘A’ Ratings; Outlook Stable Willis UK Networks Given ‘Chartered Insurance Brokers’ Status Catalina Holdings Names Kauer CFO/COO of Glacier Re in Runoff India’s Bharti, Reliance End Talks on Insurance Joint Ventures Deal Last Chance to Save Kyoto Deal at Durban Climate Talks World Economy Counts the Cost of Euro Zone Dithering Ironshore Australia Launches M&A Product Suite Ratings Recap: BEST RE, Garant, ZEP-RE, East Africa Re, Custodian Best Affirms AXIS Specialty, Affiliates Ratings; Raises Outlook to Positive Lockton Market Update Sees Signs of End to Executive Risks Soft Market Willis Re Canada Appoints Bradshaw as Board Chairman Best Performs Added Stress Testing Due to Europe’s Economic Uncertainty Riley to Succeed Hurst-Bannister as Chairman of LMG Brazil Fines Chevron $28 Million for Oil Spill; Backlash Feared Record High Greenhouse Gases to Linger for Decades ABI Endorses ‘Tougher Measures’ to Improve Young Drivers’ Safety JLT Re Names Beatty Managing Director – Asia Pacific UK Security Firms Take up Arms against Pirates Best Places Generali, Main Subsidiaries’ Ratings under Review/Negative Best Affirms Zurich Insurance ‘A+’ Ratings; Outlook Stable Chevron Takes Full Responsibility for Brazil Oil Spill Insurers Bracing for Thai Flood Claims over $10 Billion Buffet on Japan Visit; Says Euro Zone Has ‘Major Flaw’ LMA Highlights Training Academy Role with Baker Appointment IPCC Report Concludes Extreme Weather to Worsen with Climate Change Ratings Roundup: Wawanesa, AmerInst, First Net Best Affirms Arab Re’s Ratings; Outlook Revised to Stable Pressman Appointed to Aspen’s Board of Directors Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade U.S. Ambassador Urges China Not to Interfere in Business AmTrust Europe to Open Branch in Italy Catlin, China Re Announce Strategic Partnership; New Lloyd’s Syndicate Japan Probes Possible Olympus Organized Crime Links – Source Aon, ACE Integrate London Exchange for Accounting and Settlement Breaking up the Euro? Try Unscrambling an Omelet – an Analysis Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’ Fitch Affirms Everest Re’s Ratings; Outlook Stable Dobelbower Joins Lockton’s International Benefits Practice in Washington, D.C. Torus Strengthens European P&C Platforms with New Appointments Reuters Analyst Warns World Must Keep Focus on Climate Risk UK’s Huber Dixon, Sterling Offer Renewable Energy Coverage Best Affirms Flagstone Re Africa Ratings; Put Under Review-Negative HK Shares Close Down 2%; Chinese Insurers Slump Manulife Expands Asian Reach with Cambodia Unit Insurance Association Head Says China May Open Auto Market to Foreign Firms IAIS Calls for Greater Scrutiny over Non-traditional Insurance Willis UK Broker Networks Add Nine New Members Aon Benfield Launches Updated UK Terrorism Cat Model Italy, Southeast France Hit by Heavy Rains, Floods: AIR Analysis SCOR Reports Q3 Net Income of $255 Million; Gains on Transamerica Sale AmWINS Confirms Intention to Acquire London-based THB Group plc Liberty Mutual Completes Deal for Ireland’s Quinn Insurance Operations Best Issues Special Report on New Zealand’s Non-Life Insurance Market MMA (UK) Revamps Shops, Offices, Surgeries Products for Brokers RSA Makes Changes to Operational Structure, Executive Team Lockton Now Trading by ‘e-Accounts’ in London Market FERMA Pushes Brazil to Relax Reinsurance Regulatory Restrictions Spate of Disasters Exposes Supply Chain Weakness Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases Does the Legacy of the Great War Still Haunt Europe? Australia Urges Breaking up Doha Round into Smaller Pacts Hicks Joins UK’s Miller for Corporate Risks Willis Report Concludes Airline Industry is Buyers’ Market AIR Updates Analysis of Thai ‘Historic’ Flooding; BI Will Impact Insurers Hannover Re Posts $518 Million 9-Month Net Income Zurich Reports $3.2 Billion 9-Month Net Income; Operating Profit $3.258 Billion UK Court Rules Catholic Church Liable for Priest Wrongs Aon’s Study of Airline Insurance Industry Finds Divergent Trends Swiss Re Places $130 Million Cat Bond for Hurricanes, European Wind Best Affirms Torus Insurance Holdings and Operating Subs Ratings Validus’ Increased Offer for Transatlantic Presented Directly to Shareholders IMF Head Warns World Economy Risks a ‘Lost Decade’ EU Finance Ministers Reaffirm Climate Funding for Developing Countries Munich Re Posts $400 Million Q3 Profit in a ‘Difficult’ Year Japan Tries, Again, to Cut Corporate Ties to Yakuza Crime Syndicates AIR Worldwide Launches Inland Flood Model for Germany Accounting Board May Change its ‘Fair Value’ Rule In Abrupt Turnaround, Olympus Admits It Hid Losses for Decades Ratings Recap: Tokio Millennium Re, Alterra Re Europe, Harmony General Aon Appoints Manwaring to Lead Legal Indemnity Practice Third Quarter Earnings Report: Maiden Holdings Best Affirms Hannover Re and Subs ‘A’ Ratings; Outlook Positive Floods Hit France, Italy; UK Motorway Crash Leaves 7 Dead, 51 Injured Third Quarter Earnings Reports: Argo Group Aon Benfield Monthly Cat Report Says Thai Floods Insured Loss over $5 Billion Professional Indemnity Expert Carver Joins Miller from Aviva Loudwill Joins Endurance Specialty for Casualty Treaty Economist Risk Summit Urges Execs to Adopt Longer Term Perspectives Broker/Analyst Cheuvreux Urges Buffett to ‘Come to Europe’ Lloyd’s Analyzes Baden-Baden Reinsurance Renewal Conclave Ratings Recap: Trinidad & Tobago, Newport Bonding, Petrovietnam Third Quarter Earnings Reports: Alterra Capital, AXIS Capital, XL Group Survey of Global Bribery Ranks Countries Steamship Mutual Sets 5% Premium Increase for 2012 France, Germany Give Greece Ultimatum on Euro Swiss Re Reports $1.3 Billion Q3 Net Income; Minimal Sovereign Debt Exposure Batchelor Appointed Head of Marsh’s International Division Third Quarter Earnings Report: Renaissance Re Italian Finance Chiefs to Meet as Crisis Mounts Helping Banks is Hurting Insurance Industry Geneva Association Tells G20 Ironshore Australia Launches Affirmative Defense Cost Third Quarter Earnings Reports: White Mountains, PartnerRe ‘Parametric’ Covers Central to Insure Public Entities Says Cooper Gay Exec US, EU, Japan Press China on Financial Services Reform at WTO EU Says Doha Deal Could Boost World Exports by $505 Billion, If Revived Greek Referendum Plan Threatens New Euro Zone Crisis Liberty International Opens New Office in Hamburg S&P Affirms Montpelier Re Ratings; Outlook Stable International News Archives
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