International News
News for June 2008
June 30, 2008
- British Industry Survey Finds Financial Services Credit Crunch
- Aon Launches Middle East M&A Service
- Steel Named AXIS Capital Executive VP, Chief Risk Officer
- Europe Ratings Recap: Montpelier Syndicate 5151, Alliance Int'l., Tryggingamidstödin
- Middle East/Africa Ratings Recap: Trust Re, Arab Orient, Leadway, E. Africa Re, Africa Re
- Ratings Round Up Mitsui Sumitomo: Taiwan, Singapore, Hong Kong
June 27, 2008
- Blair Urges G8 Pact to Halve Greenhouse Gas Emmission by 2050
- Cat Bond Sales Seen Slowing
- Hiscox Comments on Recent Art Sales
June 26, 2008
- New 'Carbon Revolution' Urged to Slow Global Warming
- Fortis Seeks $12.5 Billion Solvency Boost
- S&P: Rising Claims, Competition Squeeze Canadian P/C Insurers
- Ratings Recap: Guardian, Old Republic, Ingosstrakh, Cattolica, Caelus Re, Secura, Elwood
June 25, 2008
- Swiss Re sigma Report Examines 2007 Worldwide Results
- Report Finds Flaws in Merchant Ship Terrorism Alert System
- S&P President Calls for International Oversight of Credit Rating Agencies
- RMS Says One in Four UK Homes at Risk from Floods
- XL to Aid China Quake Relief
June 24, 2008
- Cat Bond Markets Resist Credit Crunch
- ACE Comments on Impact of Midwest Floods on Crop Insurance Results
- Lloyd's Notes Growth of Insurance Linked Securities Market
- Marsh Survey Finds 'Risk Management Still Lacks Boardroom Clout'
- Marsh's Aviation Reinsurance Team to Join Guy Carpenter
- Ratings Recap: Tugu, Pacific Indemnity, Torus, SIAT, Farmers Mutual (NZ), MAPFRE (Puerto Rico)
June 23, 2008
- 80 Dead in Philippine Typhoon; Over 700 Missing from Stricken Ferry
- Swiss Re Signs on to G-8 Climate Change Recommendations
- ACE to Issue Enhanced 'CODA' Policies at Inception
- RMS Launches Miu - Cat Risk Portfolio Management Platform
- Aon Opens Dubai Headquarters
- Best Announces Rrating Actions of 53 Canadian Insurers
- Willis Names Black to Lead Brazilian Re Operations
June 20, 2008
- Spain's Santander Eyes Dresdner Bank - Sources
- RenRe Hosts Hurricane Risk Mitigation Leadership Forum
- AXA Completes RESO GARANTIA Share Acquisition
- Ratings Recap: Markel Int'l. & Lloyd's Syndicate, Lancashire, Caribbean Alliance, Globe Re
June 19, 2008
- China-U.S. Release Results of Strategic Economic Talks
- Marsh Previews Report on Captives; Finds Higher Retentions
- Marsh Names Cameron UK CFO
- Ratings Roundup: Allianz, Stellar, W.R. Berkley (Europe), Kiln
June 18, 2008
- Lloyd's Launches Appeal to Find Relatives of War Heroes
- ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman
- Aon Names Soeteman-Reijnen Managing Director - Europe, Middle East, Africa
- Zurich Appoints Vitale as Deputy CEO-Global Corporate, Group Management Board
- Marsh Makes Appointments for its Risk Consulting Practice
- Ratings Roundup: White Mountains, Everest Re, Inter Hannover
June 17, 2008
- AIR's Initial Analysis of Japanese Quake
- Willis Research Network Teams to Study Quakes with Italy's EUCENTRE
- Davies to Head Marsh's UK Risk Management Practice
- French Govt. Reinsurer Gets Highest 'A++' Rating from Best
June 16, 2008
- Rescuers Battle Devastation, Aftershocks from 7.2 Japan Quake
- China Floods Kill 55; Over 1 Million Flee Homes; More Rain Forecast
- Law Firms Face Increased Liability Risks Warns Marsh
- Ratings Roundup: Berkley (Europe), Brit, Maiden, Länsförsäkringar, Ocaso
June 13, 2008
- Swiss Re Study Analyzes Rising Disaster Costs; Role of Risk Transfers
- Lloyd's Examines Growth of Polish Insurance Industry
- Willis Partners With University of Bologna to Study Floods
- Industry Apprenticeships are Growing Says UK's Chartered Insurance Institute
June 12, 2008
- S&P: Volatility, Regulation Testing Global Multiline Insurers
- Little Progress in WTO Industry Talks
- RMS Launches Public Catastrophe Update Service
- RBS Cautious on Outlook, but Confident on Insurance Sale
- Sharma to Head New Marsh Insurance Regulatory & Tax Consulting Practice
- XL Re Admitted in Brazil
- XL Issues Statement on Merrill Lynch, Security Capital Summary Judgment
June 11, 2008
- British Regulator Warns Against Rushing New E.U. Insurance Rules
- Regulator's Speech Highlights Market Turmoil; Advantages of UK Regime
- EU Plan to Shake up Insurance Industry
- Lloyd's Analyzes Collapsing Cranes
- RBC Insurance Signs Agreement with Aon to Expand Business
- Marsh Acquires Construction Specialist Nielsen-Wurster Group
- Ratings: Wiener Staedtische, AXA (Canada), Max Capital, Tryggingamidstödin, Aveta, Ansvar, Norwegian Hull
June 10, 2008
- Aftershock Rocks China Quake Lake, But no Evacuations Ordered
- Final Approval Granted for Generali Holocaust Claims Settlement
- RMS, AIR Analyze Greek Quake
- HUB International Acquires Assets of BC's Falkenberg Agencies
- ACE to Terminate Shareholder Rights Plan
- S&P Raises Fairfax Operating Companies Ratings
June 9, 2008
- Aviva to Reorganize Norwich Union; Up to 1,800 Jobs Targeted
- Lloyd's Analyzes Impact on Insurance of World Food Price Hikes
June 6, 2008
- International Energy Agency Urges $45 trillion 'Energy Revolution' to Halve CO2
- EU Seeks to Limit Auditor Liability to Boost Sector, Attract Insurance
- Bermuda Donates $500,000 to Caribbean Cat Risk Insurance Facility
- Ratings Recap: Mapfre/Commerce, Eurasia, Gulf Re, Central Re, Pioneer
June 5, 2008
- More Developing Nations to Consider Catastrophe Bond Issuance
- Ministers Meet in Paris to Keep Trade Talks Alive
- Spain's MAPFRE Completes Acquisition of U.S. Insurer Commerce
- Central American Storms Kill at Least 9 Persons, Aid Rushed to Flood Areas
- RMS Reviews Multi-Peril Risk Model for Securitization
- Ratings Recap: Channel Re, Bluewater, Flagstone Re, Casiopea Re, Aviva
June 4, 2008
- Willis Risk Manager Conference Examines Brazil, China Energy Sector
- Gallagher Head Lauds Lloyd's
- Zurich Closes DWS Vita Acquisition
- Johnson Joins Aon Environmental Risks
- Summersgill to Head Ernst & Young UK Run-off Team
June 3, 2008
- Asian Insurers Expected to Seize on Credit Crunch as Opening to Buy in U.S. and Europe
- New Round of Climate Talks Opens in Germany with Uphill Battle
- Liberty Mutual to Partner with Dabur to Form Indian Insurance Company
- RMS Analyzes Iceland Quake
- Ratings Recap: TT Club, Heddington, Flagstone Re, Grupo Nacional, Seguros Catalana, ACE Limited, HSB Engin
June 2, 2008
- Millea to Reorganize Kiln; Close Vetra Investment Vehicle
- Bermuda Insurance Regulator to Beef Up Staffing
- Arthur is Season's First Named Storm
- Lloyd's Examines Insuring Aid Workers
- Marsh Receives Saudi License
- PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
- Mitchell to Head Lockton's Singapore Office
- American Wins UK Insurance Institute's Talent Prize for Solar Oven