International News
News for April 2009
April 30, 2009
- WHO Raises Flu Threat Level, Warns Pandemic Imminent
- Max Cap to 'Vigorously Defend' Against Validus Lawsuit
- Arch Capital Posts $140 Million Q1 Net
- Marsh Establishes 'Protected Cell Captives' in Wash. DC, Isle of Man
- O'Flinn Joins Aspen Board
April 29, 2009
- Marsh Issues Risk and Insurance Analysis/Advice on Pandemic Flu
- Lloyd's Report Links Climate Change to National Security Threats
- Validus Files Lawsuit against IPC Holdings and Max Capital
- ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million
- Montpelier Re Q1Operating Income of $47 Million; $51 Million Comp. Net
- Chartered Insurance Institute Publishes 'Greater Professionalism' Paper
- Ratings Roundup: Lloyd's (debt), PartnerRe, Pacific Int'l., Amerinst
April 28, 2009
- World Battles to Curb Deadly Mexico Flu Strain
- Marsh Reports Captives Maintain Position Despite Economic Crisis
- Aon Global Risk Analyzes Potential Impact of Swine Flu Outbreak
- Amex, Allianz Raise $1.9 Billion in ICBC Stake Sales
- AIG a Lesson for European Watchdogs
- PartnerRe Posts $141 Million Q1 Net Earnings; Conf. Call Today
- Willis Re, Thomson Reuters Launch Online Catastrophe Price Index
April 27, 2009
- Has Globalization Made the World More Catastrophe-Prone?
- How Climate Change Affects GDP
- Willis Research Network Reports on Hazard Risk Assessment Conference
- FERMA Approves EU Parliament's Solvency II Adoption-With Reservations
- China, Taiwan Sign Landmark Financial Services Agreements
- EU to Launch Canada Trade Pact Talks
- RMS' Paradex Model Plays Key Role in Munich Re, Tokio Marine Cat Swap
- Willis Study Finds 'Buyers' Market' for Commercial D&O in Q1
- S&P Reports 'Pressure Builds on Europe's Insurers,' Despite Strength
- Piccolomini Named Marsh Italy CEO; Cordero di Vonzo General Manager
- Max Capital Appoints Hatto, Sprowson as Lloyd's Underwriters
April 24, 2009
April 23, 2009
April 22, 2009
April 21, 2009
April 20, 2009
April 17, 2009
- Global Takaful Market On Growth Track
- Q&A - How Great is the Threat from Melting Ice Sheets?
- Willis Finds Credit Crunch Fallout Raises Financial Premiums by 15%
- Report Says Forests Could Become Source of Global Warming
- Lloyd's Opens First Office in Brazil
- AIG Completes Sale of Private Bank to Aabar Investments
- Ratings: AXA Seguros, Tryggingamidstödin, Thai Insurers, Swedish Club
April 16, 2009
- Navies to Guard Undersea Cable Vessel from Somali Pirate Attacks
Xchanging Expands Abroad after London Success- CCRIF Reports Positive Investment Returns
- Willis Names Larsson Sweden CEO
April 15, 2009
- Somali Pirates Seize Two More Ships, U.S. Vessel, Others Attacked
- Lloyd's Finds Insurance Increasingly Important for Rock 'n' Roll Band Tours
- Guy Carpenter Analyzes Q1 Cat Bond Market Activity
April 14, 2009
- U.S. Action Against Somali Pirates May Raise Marine Insurance Demand and Rates
- Global Special Risks London Team Joins Glencairn Energy
April 13, 2009
- Capt. Phillips Rescued by U.S. Navy
- French Commandos Free Yacht from Pirates, 1 Hostage Dies
- Validus Launches Proxy Fight in Effort to Stop Max/IPC Deal
- S&P Analyzes Jordanian Insurance Sector
- Best Removes Ironshore from Review; Affirms Ratings
April 10, 2009
- Somali Pirates Hold American Hostage for Third Day
- UPDATE: 1 in 4 Homes Damaged by Italian Quake Says RMS
- For Young Somalis, Piracy Offers Power, Prosperity
- Willis Offers Counterparty Risk Monitoring to Gauge Insurer Stability
- Credit Insurer Coface Downgrades 28 Countries, 19 on Negative Watch
- GAB Robins UK Names Alcock New Casualty Director
April 9, 2009
- Somali Pirates Hijack U.S.- Flagged Container Ship
- Aon Reports Kidnap Insurance Costs up 'Tenfold ' in Gulf of Aden
- Marsh Finds Growing Demand for D&O Coverage as Claims Rise
- ING to Divest up to $10.6 Billion in Assets; Focus on Europe
- AIG Completes Thailand Asset Sale
- Ping An Says to Keep 'Open Attitude' on Fortis Plan
April 8, 2009
- AIR Analyzes Italian Quake; Insured Losses $265 to $528 Million
- Validus Releases Text of Letter to IPC Board
- Aon Specialty Strengthens London-based Energy Unit
- Beale, Kerner Take on New Positions at Zurich
- S&P Revises Groupama Outlook to Negative; Affirms 'A+' Ratings
- Ratings Recap: Steamship Mutual, AXA Ireland, Hang Seng, Tapiola
April 7, 2009
- RMS Analyzes Italian Quake
- Somali Pirates Strike Again; Hijack British, Taiwan Vessels
- Max Defends IPC Calculations; Says Validus' Letter 'Misleading'
- WTO's Lamy: Doha Deal in Sight after Modalities Agreed
- FERMA Welcomes EC Report Favoring Extension of Insurers Block Exemption
- AIR Reaches $10 Billion Cat Bond Modeling Milestone
- Aon UK Launches Free 'Insurance Health Check' for SME's
April 6, 2009
- Deadly Quake Hits Central Italy
- Somali Pirates Seize German Container Ship
- G-20 Leaders Blacklist 4 Tax Havens
- Antarctic Ice Shelf About to Break Away
- Validus Notes 'Substantial Error' in Max Cap's IPC Book Value Calculation
- Lord Levene Discusses Protectionism, Recession in Bloomberg Interview
- Guernsey Welcomes 'White Listing'
- Zurich's O'Sullivan to Retire
- S&P Affirms Fortis Corporate 'A-' Ratings; Outlook Negative
April 3, 2009
- G20 Seals $1.1 Trillion Deal
- Max Capital CEO Says Deal for IPC Better than Validus' Offer
- WTO's Lamy Urges Doha Deal to Help Fight Financial Crisis
- International Chamber of Commerce Welcomes G20 Support on Trade
- UK Athletics Appoints Marsh Risk and Insurance Adviser
- Best Says Validus' Ratings Unchanged after IPC Offer
April 2, 2009
- Swiss Re to Cut Work Force by 10%; Galvagni Named COO
- Fortis Delays Vote on BNP Deal
- Munich Re Concludes Hartford Steam Boiler Buy; Positive Outlook Says Best
- Willis Re Report Says 'Reinsurance is the Only Stable Capital Available'
- Max Capital Comments on Validus Offer for IPC Holdings
- S&P Comments on Validus, IPC Holdings, Max Capital Ratings
- Aspen Ratings 'Unaffected' by Share Sale Plan Says S&P
- Ratings Recap: RVI, DuraRock
April 1, 2009