International News for August 2010 Taiwan Regulator Rejects AIG Unit Sale Ratings Recap: Glacier Re, AXIS AIR Tracking Typhoon Kompasu, Tropical Cyclones UN Climate Panel Urged to Reform, Stick to Science India’s Economic Reforms in ‘Limbo’ as State Elections Near Sumatra Volcano Erupts after 400 Dormant Years Endurance Appoints Falcon as Head of Reinsurance for Latin America Best Affirms ‘A++’ Ratings of French Gov’t. Reinsurer Caisse Centrale Report AIG Decides against Strategic Investor for AIA Manulife, Ace among Bidders for NY Life Asia – Sources UK’s Arc Legal Launches Yacht and Marine Legal Expense Coverage Aon UK Warns Car Rental Companies on Upswing in ‘Crash for Cash’ Claims Ratings Recap: PartnerRe, Oriental Danielle Again a Category 2 Hurricane; TS Earl Forms in Atlantic Danielle Weakens; 90% Chance of Another Tropical Storm Report AIG to Decide on AIA Pre-IPO Sale by Next Week Ireland Stung by S&P Downgrade S&P Raises Validus’ Rating to ‘BBB’; Assigns ‘A-’ Rating to Validus Re Lloyd’s Warns of Perils Related to Electric Grid Transformer Failure Best Affirms Allied World, Operating Affiliates ‘A’ Ratings; Outlook Stable Hurricane Danielle Reaches Category Two Strength Beecher Carlson Appoints Mehta Bermuda Executive Managing Director Liberty Mutual Receives Approval to Begin Zhejiang Branch Operations CORRECTED Financial Figures: Best Affirms Sunderland Marine Ratings Marsh Urges Review of Business Continuity Plans after Russian Fires HSBC in Talks with Old Mutual for 70% Stake in South Africa’s Nedbank Tropical Storm Danielle Continues to Strengthen in Atlantic Best Affirms Catlin Insurance Companies ‘A’ Ratings; Outlook Stable Best Affirms Ratings of Lloyd’s Syndicate 2003, Managed by Catlin Aon Benfield Launches Monthly Insurance Linked Securities Index Taiwan’s Legislature Approves China Trade Pact Japan Analyzing Damage to Tanker in Hormuz Strait Venezuela to Nationalize La Previsora Insurance Company RMS Releases ‘Australia Severe Convective Storm Model’ Ratings Roundup: Infrassure, Africa Re, Ocaso Aviva States RSA Offer not in Shareholder Interest ICC Survey Concludes Economy is Rebounding ‘at a Slower Pace’ Marsh Risk Consulting Names Waterer to Head New Operational Risk Post Colombia Air Crash ‘Miracle’ as Only One Death Reported Lloyd’s Exchange Continues to Gain London Market’s Acceptance AXIS Global Accident & Health Names Allen Senior VP Intl. Insurance Best Affirms MAPFRE RE’s A+ Ratings; Outlook Negative Ratings: Sunderland Marine, Continental Re, Abu Dhabi Ins., Oman Ins. Extreme Weather Seen Unlikely to Help Climate Talks EU, US to Hold November Summit in Portugal; Insurance on Agenda RSA Confirms Offer to Buy Aviva’s P/C Operations for $7.83 Billion Marsh UK Consolidates Manchester Operations with Mercer ACE Names Keogh Vice Chairman UN Chief Appeals for Aid in Flood Ravaged Pakistan; U.S. Sends Help Report China Consortium Planning to Bid for 30% of AIA Scientists Downplay Health Risks of Fires Near Chernobyl Nuclear Plant Survey: Double Dip Recession Tops Concerns of Europe’s Business Leaders Weather Experts Discuss Why Insurers, Others Need Better Warning Systems China Loosens Restrictions on Insurance Investments UK’s Prudential Trims Cost of Botched AIA Deal Ironshore’s Pembroke Syndicate to Expand Professional Indemnity Business ACE European Group Names Dixon as Regional Managing Director India’s Nuclear Bill Gives Stiffer Penalties, Higher Insurance Costs Pakistan Floods, Russia Heat Fit Climate Trend, Scientists Say Insurers Await Report on Japanese Tanker Attack Russian Troops Dig Canal to Keep Fires from Nuclear Plant Colin Weakens to Tropical Storm West of Bermuda Competition Benefits Europe, Middle East, Africa Insurance Buyers: Marsh Tropical Storm Colin Reforms, Heads for Bermuda Swiss Re Shuns Low-Margin Accounts; Weighs Where to Deploy Capital Mitsui O.S.K. Chief: Terrorism a Possibility in Damaged Tanker Catlin First Half Profit Falls Moscow Choked by Wildfire Smoke, Heatwave; Villages Burn; Planes Diverted Spain $1 Billion Lawsuit Over Sunk Tanker Dismissed European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy Zurich Financial Appoints Orator as Chief Administrative Officer East London Experiencing Tenfold Increase in Extreme Rainfall: Lloyd’s European Life Insurers Hope Accounting Change Will Woo Investors U.S. Tightens Iran Sanctions Utilities Market Still Softening Despite ‘Mega’ Claims: Willis Wyman Named UK Head of Casualty for Torus Japan Tanker: Al Qaeda Claims Responsibility; Insurers Monitor Events Ropner Launches First Party Shiprepairers Liability Product OneBeacon Broadens International Coverage Capabilities Russia Declares Emergency as Wildfires Kill 40, Displace Thousands Schmidt Named CEO for Catlin Europe Reinsurance, New Switzerland Unit July’s Catastrophes Cause Widespread Losses Globally: Aon Benfield Ozeki Named Executive VP of Chartis Far East China’s Economy Set to Pass Japan’s as World’s Second Biggest Sun Life Sees China Premiums Doubling This Year MetLife to Sell $3 Billion in Stock to Buy AIG Life Unit Cooper Gay Touts Ambitious Plan for New Business London’s Oxygen Insurance Appoints Rowlands Head of Office International News Archives
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