International News for December 2009 Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’ Wildfires Destroy Homes in Western Australia Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market Praise and Honors for Lloyd’s Retiring Franchise Director Rolfe Tolle Ratings Recap: Transsib Re, AmerInst Greek Anarchists Claim Insurance Company Bombing Munich Re Analyzes 2009 Nat Cats; A Lot, But Few Big Ones Maritime Watchdog Reports Somali Pirates Seized UK tanker ABI Finds Trade Credit Insurers Paid ‘Record Amount’ in Q3 Claims Munich Re CEO Slams Copenhagen Failure; Calls for ‘Small Party’ Talks Swiss Re Forecasts Increasing Demand for Natural Catastrophe Coverage Best Revises Samsung Fire Outlook to Positive; Affirms ‘A+’ Ratings Zurich Obtains $225 Million Calif. Quake Backup from Lakeside Re II Somali Pirates Receive $4 Million Ransom for Chinese Coal Ship Europe Feels Left Out in Cold on Climate Change Deal XL Re to Change Latin America Management, Underwriting Structure Ratings Recap: SecuriCan, Pioneer, Sovereign, Meritz, Island Capital China Responds to UK Claims; Says It’s ‘Sowing Discord’ in Climate Talks Indonesia’s Next Big Quake Due under Mentawais Islands S&P Revises Outlook on Credit Insurer Coface to Negative Torus Names Fillingham UK COO Ratings Recap: Cattolica, Ghana Re, Al Ittihad, Grafton, RCHL U.N. Climate Talks End ‘With a Bare Minimum’ Agreement Allianz, ThyssenKrupp CEO’s Warn of New Market Bubbles UK’s Environment Minister Reported to Accuse China over Climate Talks Best Comments on IFSB’s Exposure Draft Standard for Takaful Solvency S&P Raises Platinum Holdings Ratings to ‘BBB+’; Insurance Subs Rated ‘A’ Rose Joins XL Board QBE Europe to Purchase Munich Re’s Evergreen Brand, Renewal Rights S&P: Europe’s Insurers Weather Storm, But ‘Resilience Will Be Tested’ Best Affirms Zurich’s ‘A’ Ratings Willis Completes Gras Savoye, Astorg Leveraged Transaction Marsh to Acquire HSBC Insurance Brokers; Enters ‘Strategic Partnership’ Ratings: NIPPONKOA, Russian Re, Lemma, Lakeside Re, Inter Hanover Best Affirms Ratings of Lloyd’s Syndicate 2001 and Amlin plc Best Affirms Amlin Bermuda ‘A’ Ratings AIR Analyzes Impact of Tropical Storm Laurence on Western Australia UN Climate Talks Resume; US Backs $100 Billion Aid Fund NAB Trumps AMP in $12 Billion Offer for AXA Asia-Pacific Marsh Warns Recent Losses May Hit UK Jewelry Insurance Market in 2010 Best Affirms Arch Re and Affiliates ‘A’ Ratings; Stable Outlook ING Gets Rights Issue Boost Ahead of Asset Sales PartnerRe Appoints Carre Group Risk Management Director World Leaders Try to Save Troubled Climate Talks Best Affirms Lloyd’s Syndicate 570 & 609 ‘A’ Ratings ACE Study Finds Businesses Underestimate Supply Chain Risks Norway’s Risk Management Association Becomes 20th FERMA Member Aon to Acquire Construction Insurance Broker FCC Global of Spain Ratings Recap: XL Europe, Wagram, NAGICO, AGS, ARIG S&P Upgrades Catlin’s Subsidiaries Ratings to ‘A’; Outlook Stable Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable Willis Concludes Financial Institutions’ Hard Market May Soften in 2010 Best’s Report Finds Bermuda Companies Face ‘Significant Challenges’ FERMA Comments on Proposed EU Insurance Block Exemption Changes UN Reports Natural Disasters at Decade Low in 2009 U.N. Copenhagen Climate Change Talks to Resume after African Protest FSA, Lloyd’s Approve Montpelier Re’s Paladin Agency as Coverholder Ratings Recap: WUEBA (Chartis), Solid, West of England Club, Coface, InterGlobal Willis Shareholders Approve Proposal to Change Incorporation to Ireland EU Presses IMF to Support Financial Transaction (Tobin) Tax WTO Members Narrow Gaps on Standards in Doha Round Advance NOAA Forecasts El Nino to Last into Spring 2010 Insurance ‘Central to our Climate Security’ Says Lloyd’s CEO Aon Risk Services Names Malik as New CEO for Asia Bermuda Study Calls Ocean Chemistry ‘Smoking Gun’ of Climate Change Allianz Forecasts Emerging Asian Markets to Lead Global Growth in 2010 Bermuda Concludes Tax Information Agreement with Belgium Best Sees No Ratings Change from Torus, Sideris Re Merger Torus and Sideris Re to Merge Ratings Roundup: Novae, DAS Legal Catlin Makes Board Changes IPCC Head Says Copenhagen Summit ‘Pretty Good’ if CO2 Cut by 20% ACE Names Furgueson President, Multinational Client Group for Int’l. P/C Mitchell Joins Arch London Property Team PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange PartnerRe Completes PARIS RE Acquisition UK’s Met Office Says Global Temperatures Rising Since 1850 Zurich Completes Internal Legal Entity Restructuring Association of Bermuda Insurers, Reinsurers Elects Officers for 2010-11 UN Climate Talks Open in Copenhagen; Deal ‘Within Reach’ Ratings Roundup: Oman, SNS REAAL, Caribbean Alliance World Bank Considering Post-war Political Risk Insurance Ballard Joins Marsh Jewelers’ Block Insurance Team in London Validus Appoints Senior Construction, Engineering Underwriters at Talbot Aviva Sells RAC France S&P Raises PARIS RE Ratings to ‘A+’ ‘Fog in Channel’ – The Disconnect between England and France Max Capital Establishes Latin American Reinsurance Operation Best Affirms Harbor Point Re and U.S. Subsidiary ‘A’ Ratings France Tries to Calm Britain’s Angst over Regulation Threats Ratings Roundup: Hyundai, Al Fajer Re, Jordan Swiss Re Obtains $150 Million Backup for Hurricanes, Quakes and Windstorms China, Other Big Developing Countries Reject Copenhagen Climate Plan Bakker to Head Willis European Capital Markets, Advisory Unit Miller Expands Corporate Risks Capability Aon Names Simmons, Finch, Smith to London Credit Insurance Team Marsh Says Corporate UK Insurance Rates Could Fall by up to 10% in 2010 Flagstone Re Buys Retrocessional Coverage from Montana Re Cat Bond American Bar Ass’n. Antitrust Section Approves EU’s Block Exemption Reg UK’s Darling Backs Stronger European Regulation Swiss Re Economists See Gradual Recovery; Regulation Concerns International News Archives
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