International News
News for May 2009
May 29, 2009
- New Report Cites Climate Change as Cause for 315,000 Deaths a Year
- AIR Analyzes Powerful Honduran Quake; Report 6 Dead
- Summary of Forecasts for 2009 Atlantic Hurricane Season
- AIG Completes Tokyo Building Sale
- Marsh Names Kimber UK Chief Risk Officer
May 28, 2009
- Greenland Ice Sheet Melt Could Fuel Severe US Sea Level Rise
- UK's Brown Warns Global Trade at Risk Unless World Takes Action
- UPDATE: Cyclone Aila Death Toll up to 168 in India, Bangladesh
- CCRIF Issues Briefing on Impact of Climate Change on Caribbean Economies
- Marsh Survey Concludes UK Insurance Rates 'Continue to Fall'
- Ratings Recap: Navigators, AIG (So. Am.), Electro Re, Casiopea Re
May 27, 2009
- EU Unveils Reforms to Make Financial Markets Safer - Insurance Included
- 40 Killed as Cyclone Aila Hits India, Bangladesh
- Willis Aerospace Says Manufacturers Paying More than Fair Share
May 26, 2009
- France, Germany Urge More Flexible Climate Pact
- World Economy Stabilizing, Says Krugman
- Canada's Auto Insurers Call for Effecftive Cost Control for Consumers
May 22, 2009
May 21, 2009
- Aon Calls on P&I Clubs to Update Piracy Cover War Terms
- CII Skills Survey Underlines Industry Commitment to Staff Training
- IPC Rejects Sweetened Validus Bid
- Dowd to Take on Vice Chairman Duties at ACE Limited, ACE Group
- Swiss Re Names Flunger to Head Specialty/Commercial Lines
May 20, 2009
- European Union, China Rebuild Ties; Seek 'New Global Order'
- S&P Says AIA, AIAB Ratings 'Not Affected' by AIG Spinoff Plans
- Ratings Recap: Echelon, Calabash Re III
May 19, 2009
- Catastrophe Derivatives Demand Surges as Storm Season Nears
- Australian Navy Warships Thwart Pirate Attack off Yemen
- Lloyd's Chairman Addresses Current Concerns
- Validus Sweetens Offer for IPC to $1.69 Billion; Max Cap, IPC Comment
- Lloyd's Licensed in Portugal
May 18, 2009
- Int'l. Maritime Organization Questions Arming Ships to Fight Pirates
- Time Seen Tight for ING Asset Sales
- AIG Launches IPO Process for Asian 'Crown Jewel'
- Best Analyzes Economic Issues Facing Europe's Insurance Industry
- Khawaja to Lead Marsh's Offshore Energy Construction Team
- Ratings Recap: Allianz, Swiss Re (Notes), Everest Re (Ireland), Civic
May 15, 2009
- Catlin Sponsored Survey Team Returns Safely after 2½ Month Arctic Trek
- Max Capital Wins Court Ruling Dismissing Validus Expedition Request
- Validus Responds to Court Ruling; Asks for 'Scheme of Arrangement'
- Montpelier Re Launches Lloyd's Marine Unit
- XL Hires 3 Underwriters for London-based Aviation Unit
- Best Affirms Aioi's 'A' Ratings
May 14, 2009
- Australian Broker Association Opposes High Insurance Premium Taxes
- Report: Process for AIG Asian IPO to Start Soon
- Mexico Flu Slowing, Death Toll Unlikley to Exceed 100
- CSU's Gray May Reduce Atlantic Storm Outlook
- U.S. Chamber Questions Lack of Due Process in EU Antitrust Decisions
- More European Insurers Hit by Market Writedowns
- S&P Lowers Kingsway's Ratings to 'B-' Following Weak Q1 Results
May 13, 2009
- Forecasting Hurricane Intensity Still a Puzzle
- Ocean Conference Seeks Ways to Stem Climate Change
- ING's Q1 Loss Wider than Expected
- CII's General Insurance Professionalism Task Force 'Up and Running'
- CEO Iordanou to Succeed Ingrey as Arch Capital Chairman
- Marsh To Host Regional UK Law Firm Briefings on Changed Risk Landscape
- Ratings Roundup: AXA Canada, Orkney Re II, Ajax Re
May 12, 2009
- New H1N1 Flu Virus Not Quite a Pandemic-Yet, Says WHO
- AIG Sells Tokyo Building for $1.2 Billion
- U.K.'s Marketform Group Launches Five New Classes of Business
- Validus Files Proxy Statement in Opposition to Max Capital/IPC Deal
May 11, 2009
- CII Study Finds Growing Need for European Migrant Financial Services
- Marsh Warns UK Construction Sector Failing to Fully Manage Project Risk
- Glencairn Promotes Cook to CEO
- Everest Re Names Addesso VP-CFO
- Hemsi to Retire as Flagstone Alliance CEO
May 8, 2009
Internet's Growing Presence Challenges Traditional Insurance Practices- Like 'Waiting for Godot,' WTO Awaits Next US Move
- Aon Survey Finds Slowdown in Q2 UK Premium Increases
- Best Rates Lloyd's Syndicates 382 (Hardy) and 1225 (AEGIS)
- Nicolson Joins Aon Energy as Head of Upstream & Offshore Construction
May 7, 2009
- Zurich Q1 Net Income Down 75% to $362 Million
- Swiss Re Q1 Net Profit Falls 75% to $131.6 Million, But Results Improve
- Argo Group Q1 Net Income Falls to $27 Million; Operating Income Rises
- RMS Performs Risk Analysis for Ibis Re Hurricane Cat Bond
- Ratings Recap: Munich Re, Island Capital, Orkney Re, SCR, AEGIS
May 6, 2009
- Lloyd's Experts Analyze Solutions to Thwart Somali Pirates
- Munich Re Posts $560 Million Q1 Profit; Down 46% from Q1 2008
- Max Capital Group's Q1 Net up 82% to $44.5 Million
- Validus Q1 Net up 30% to $94.9 million
- AIR Provides AXIS with Integrated Cat Model w/ Risk Management
May 5, 2009
- Fight against Pirates Also Needed Ashore Says Top Navy Admiral
- Possible Outcomes of Copenhagen Climate Change Talks
- Max Capital Responds to Validus' Plan to Acquire IPC Holdings
- Conning Study Examines P/C Insurance Industry Outsourcing
May 4, 2009
- Report: AIG Nears Japan Building Sale for $1 Billion
- Starr Marine - Starr Indemnity & Liability Announce Servicing Agreement
- Pahl to Head Willis' German Operation
May 1, 2009
- Captain Phillips Tells Congress Arming Crews Could Help Fight Pirates
- Validus Offers 'Three-Part Plan' to Expedite Acquisition of IPC Holdings
- Lloyd's to Buy Back $151.7 Million of Debt Securities
- Fairfax Posts $60 Million Q1 Loss on Investment Woes
- RenaissanceRe Q1 Net Income Falls to $97.3 Million
- Everest Re Reports Q1 Net Income of $108.6 Million
- Argo Names Enoizi as Heritage CEO
- S&P Revises Fortis' Outlook to Positive; Belgian Ins. Unit Remains Negative
- Grogan to lead Marsh's UK, Ireland Middle Market Business
- Ratings Recap: Endurance, CRC Re