International News for April 2010 Aspen Hit by Nat Cats as Q1 Net Income Falls to $18.3 Million Marsh Expands EMEA Trade Credit Practice; Smith to Lead Team Zurich Expands Energy Units in Western U.S., Latin America EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk Max Capital, Harbor Point Shareholders Approve ‘Merger of Equals’ ACE Posts $755 Million Q1 Net; Operating Income of $579 Million Everest Re Posts $22.7 Million Q1 Net Loss; Operating Loss $73.8 Million Zurich Expands Global Market Capacity for Power Generation Aon Benfield Launches ‘MarketReView’ Reinsurance Platform Montpelier Re Q1 Net Income Hit by Chile Quake Drops to $9.9 Million RenRe Reports $165 Million Q1 Net Income; $116.5 Million Operating AXIS Posts $112 Million Q1 Net Income; $96 Million Operating Income Geneva Ass’n. Criticizes IMF’s ‘Stability Tax’ as ‘Contradictory’ for Insurers Ratings Recap London General, Arab Orient (UAE) Arab Orient (Jordan) EU Says Volcanic Ash Cost $2 to $3.3 Billion; Plans Airline Aid AIG Sale of Asian Unit AIA to Prudential Hits Snag Arch Capital Reports $210.5 Million Q1 Net Income Aon Employs FAConnect Platform to Meet Facultative Chile Quake Demand Chartis Forms Global Markets Division to Extend Passport Platform Marsh UK Adds HIBL Execs to Corporate Team Aon Report Concludes Aerospace Insurance Costs Continue to Decrease Transocean Says Insurance Covers $560 Million Oil Rig Loss Antigua ex-Financial Regulator Ordered Extradited in Stanford Case Guernsey-Based Heritage Combines Two Protected Cell Companies Lockton Launches ‘Scope, Insurance’ for Surgery Outside of U.S. Best Plans Withdrawal of Canada Public Data Ratings; Will Maintain Interactive Ratings Lloyd’s ’360 Report’ Examines Water Scarcity Threats to Business UK Insurers Call IMF Insurance Tax Proposals ‘Inappropriate’ Zurich Estimates Chile Earthquake-related Losses at $200 Million Rivalry Haunts Prudential/AIA Integration FERMA Comments on EU’s New Block Exemption Regulations Ariel Re Names Hurst as CEO IronPro, JLT Facilities to Offer Legal Liability Coverages UK’s Brown Warns Banks of Compensation Claims Obama Memo Triggers Confusion Over Legality of Pirate Ransoms Why Economic, Market Risks of Ash Cloud Are Hard to Measure Flights Pick Up in Europe As Ash Risk Is Lowered Saudi Arabia Insurance Sector Poised for Growth Property, Agricultural Damage Not Major Concern from Volcanic Ash Flights Resume in Parts of Europe Chiquita Faces New $1 Billion Lawsuit by Colombian Families European Trade Chief Warns On Volcanic Ash Economic Impact If Ash Cloud Lingers, Economic Impact Could Rise Sharply UK’s Prudential Under No Pressure to Cut Price for AIG’s Asian Unit European Insurers Expect Little Hit from Volcano Fallout Italy’s Mt. Vesuvius Ranked as Europe’s Most Dangerous Volcano Icelandic Volcano Eruption Intensifies; Airline Travel No-Go Why Is Volcanic Ash a Threat to Planes? Death Toll from Southwestern China Earthquake Now at 300 ACE Tempest Re Names Roberts Managing Director for International Report: Q1 Catastrophe Bond Market Sees Sustained Improvement ACE UK Launches Environmental Risk for Small to Mid-Sized Firms Global Reinsurers Enjoyed Solid Year in 2009, A.M. Best Reports How Microinsurance Plans Extend Healthcare in Africa Torus Names Smith to Launch Global Marine Practice Legal Uncertainty, Prisoner Releases Making Piracy Problem Worse Risk of Aging Europe Falls on Small Group of Pension Providers Rio de Janeiro Rescue Workers Hunt for Landslide Victims; 153 Dead Tower Australia Eyes AIA Insurance ACE Global Markets Makes Trade Credit Appointments 7.8 Earthquake Rocks Indonesian Island of Sumatra Earnings Pressure Encouraging Corporate Fraud in India: Survey South Korea Sends Destroyer After Pirates Seize Oil Tanker U.S. High Court Weighs Foreign Investors Suing in U.S. Courts Irish Re/Insurance Market ‘Holding up’ Despite Financial Crisis, Says DIMA CEO Marsh to Launch Service to Gauge Insurers Financial Strength Korean Oil Tanker Believed Hijacked by Somali Pirates Ratings Roundup: ASSA, Eurasia, Sung Hung Kai Properties Reyes Named as Zurich’s New Chief Investment Officer Piracy Insurance Premiums Take a Breather Lloyd’s Graduates First Student Group Willis Network Adds 6 New Members S&P Lowers AXA’s Ratings to ‘AA-’ Brockmann Named Marsh CEO for Latin America, Caribbean Marsh Warns New UAE Risk Mgmt. Rules to Impact Financial Sector S&P Revises Outlook to Stable on Zurich Operating Companies Marsh Completes Acquisition of HSBC Insurance Brokers FERMA Survey Polls Commercial Buyers for Feedback to Insurers U.S. Navy Captures 5 Pirates; ‘Mother Ship’ International News Archives
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