International News for September 2009 Torus Opens New Managing General Agency in Bermuda US May Target Insurers, Gasoline Imports in Iran Sanctions Strategy Typhoon Ketsana Kills 38 in Vietnam; Flood Threat Zurich Names Rebrin Latin America CEO International Chamber of Commerce Urges G20 to Conclude Doha Round Willis Acquires 100% of Argentina Business Deadly South Pacific Tsunami Kills at Least 100 People after 8.3 Quake Leaders Warn Time Running Out for Global Warming Deal RMS Analyzes Philippine Flood Ireland’s International (Re)Insurance Market Posts Strong Growth in 2008 PartnerRe to Pursue Acquisition of the Remainder of PARIS RE Shares Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona Philippine Storm Ravages Manila; 100 Reported Dead or Missing High Tech May Pinpoint Antarctica, Greenland Sea Level Rise Risks Report: Australian Court Allows Claims against Lehman Brothers S&P Lowers Kingsway’s ‘Unsolicited’ Ratings to ‘CCC+’ Aon Finds European Risk Managers Underestimate Environmental Risk PartnerRe Shareholders Approve Details of PARIS RE Acquisition Kiln Enters Space Market Bermuda Monetary Authority Concludes Pact with Florida Insurance Regulator ACE Europe Reorganizes Business Structure in UK and Ireland Canadian Banks Eye Expansion into Insurance, Despite Restrictions Best Affirms Rating, Revises Outlook to Stable for HDI, Talanx AG Best Affirms HDI-Gerling Ratings; Revises Outlook to Stable Antarctic, Greenland Coastal Ice Thinning Surprises Experts Aon Consulting Canada Appoints Coll Chief Commercial Officer Lloyd’s First Half 2009 Pretax Profits up 29% to $2.18 Billion Is Economic Terrorism a Threat to Southeast Asia? Jones’ Team Joins Flagstone Re’s Lloyd’s Syndicate European Safety Agency Orders More Airbus Speed Sensor Checks Gates Foundation Backs Efforts to Bring Financial Services to World’s Poor Dust Storm Blankets Sydney as Drought Bites China, U.S. Try to Jumpstart U.N. Climate Change Talks ‘Fire Marks’ – Symbols of a By-Gone Era in the History of Insurance S&P Revises Outlook on Willis to Stable; Rates New Debt Issue ‘BBB-’ Ratings Recap: Fairfax (debt), Swiss Re (notes), Rembrandt, UN Seeks Momentum in Climate Talks as Obama, Hu Speak Bacon to Become Bowring Marsh CEO 1909 New Graduates Start at Lloyd’s Lloyd’s Opens First Nordic Office EC President Barroso Warns Climate Talks ‘Close to Deadlock’ Obama to Push G20 Leaders to Rethink Global Economy Erin Go Bragh for Willis, as Directors Approve Move to IrelandLloyd’s Chairman: Limiting UK’s Financial Services is ‘Dangerous Talk’ Best Affirms Greenlight’s ‘A-’ Ratings CII Thinkpiece Tackles ‘Nudging’ People to Make Good Decisions Zaccaria to Head ACE’s New Client Executive Initiative Zurich Names Sepp COO for Europe General Insurance Marsh Acquires Bermuda Captive Management Advisory Company Lloyd’s Insurer Jubilee Launches New Brand Consolidation Plan AIR Tracking ‘Super Typhoon’ Choi-Wan, a Category 5 Storm Ratings Recap: Grupo Nacional, BEST RE, Triple-S, Arab Re, Int’l. Energy, Asian Re ABI Calls for Tax Reform to Keep Insurance Companies in UK XL’s CFO to Step Down; S&P Sees no Affect on Ratings EU Draft Document to Urge G20 to Maintain Support for Economy Aon Launches ‘Risk Audit’ for Wealthy Clients Swiss Re Cites Report on Developing Countries Climate Change Costs Ratings Recap: Lonpac, Tenet, Zurich (Notes), Generali (Notes) Best Affirms Nipponkoa’s ‘A’ Ratings RMS Warns Tropical Storm Koppu Threatens Southern China Pirates Attempt to Board Two Tankers near Singapore Fellows Joins Zurich in Canada as Sr. VP – Distribution, Marketing Willis Survey Finds UK Commercial D&O Sector Resists Rate Increases Maritime Administration Warns of Likely Increase in Piracy 31 Reported Dead, as Flash Floods Slam Turkey Kiln Strengthens European Presence with New Office in Paris Guy Carpenter Report Updates European Legal, Legislative Changes Best Affirms XL’s ‘A’ Ratings Swiss Re Issues New sigma Report on Insurance-linked Securities Kittleson, Hill Join Iron-Starr Excess Casualty Operation in Bermuda Best Removes Validus Ratings and Its Affiliates from Under Review Hurricane Fred Weakens in Atlantic Validus Names Cooper to Head No. Am. Catastrophe Re Underwriting Owcar Named President, COO of CNA Canada Fred Now a Category 2 Hurricane Aon Survey Finds UK’s D&O Premiums Still Below U.S. Rates Fairfax to Sell Shares to Fund Repurchase of Odyssey Re S&P, Best See No Changes in Fairfax’ Ratings from Odyssey Re Repurchase Aon, Partner Re Release Latest Hazard & Risk Review at Monte Carlo AIR Worldwide Updates Mediterranean Region Earthquake Model Ratings Recap: IPC Re, Polish Re, Tunis Re Tropical Storm Fred Forms in Eastern Atlantic Global Reinsurers to Lobby Regulators for Distance from Banks Reinsurers to ‘Stand Firm’ on 2010 Pricing Prospects S&P Affirms Allianz Russia Ratings; Revises Outlook to Negative Validus Completes IPC Acquisition Aon Urges Ship Owners to Buy K&R Now, as Pirates Renew Attacks Lockton Opens Second Brazil Office in Rio de Janeiro Willis Exec Sees Insurance M&A Activity Increase in 2010 Global Reinsurers Enjoy Monte Carlo Sun Amid Worries Over Gathering Clouds Best Revises Outlook on SCOR to Positive; Affirms ‘A-’ Ratings Ratings Recap: Dah Sing, Everest Re, Omnium, First Takaful, TATIL S&P Lowers ING’s Ratings; Outlook Stable; Hybrid Ratings Lowered To ‘B’ Aon Benfield Presents Online Facultative Reinsurance Placement System Marsh Granted Egypt License Coastal Home Owners Face Huge Losses from Rising Seas S&P Reports ‘Sukuk’ Market is Growing, Despite ‘Some Roadblocks’ AIR Analyzes Strong Indonesian Quake Marsh Expands GreenRoad Service to All Auto Fleet Clients Aon Review Finds Offshore Energy Renewals ‘a Mixed Bag’ Doha Round Talks Now an ‘End-Game’ Says Australian Trade Minister Shankar Joins Aon’s Asia Pacific Consulting as Chief Commercial Officer Tropical Storm Erika ‘Remains Disorganized’ NHC Reports Hurricane Jimena Swirls Past Southern Baja Resorts ‘Disorganized’ Tropical Storm Erika Forms in the Atlantic Best Affirms Catlin Group’s ‘A’ Ratings Ratings: Syndicate 2003 (Catlin), La Colonial, United, Arch, Ballantyne Re Gallagher to Retire from Everest Re Marsh Teams with Munich Re for Asian Solar Power Coverage Zurich Focuses on Insurance Solutions to Climate Risk Challenge Aon, XL Insurance to Offer UK Lawyers Professional Coverage Potential Seen for Climate Insurance in Tourist Industry Fairfax Financial Purchases 15% of China’s Alltrust Insurance Geneva Meeting Seeks to Systematize Climate Change Data Ervin Steps Down as American Safety Chief Accounting Officer Markel International To Acquire Canada’s Elliott Special Risks International News Archives
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