International News for May 2011 Coachman Insurance Co. Names Breckles New COO Will Next Big Nat Cat Turn Cycle? ‘Maybe’ Say Reinsurance CEOs Air France Crash Investigation Sparks Pilot Mystery Virulent German E.coli Outbreak Death Toll Rises Study Forecasts Ice Melt Will Close off Arctic’s Interior Riches Ratings: Tunis Re, Endurance (shares), LAPP, Electro Re/First Beacon, National General S&P Lowers Ratings on Residential Re’s Notes to ‘B+’ Visitors Raise Irish Hopes for an End to Financial Crisis Thomas H. Lee Partners to Acquire Sword Insurance Eurocontrol: No Major Ash Impact on Air Traffic Insurers Eye Rate Increases as Hurricane Season Approaches Spain’s MAPFRE, Japan’s Mitsui Sumitomo Reinforce Collaboration Pact Lloyd’s Market Association Elects New Board Members S&P Sees High Growth Potential for India’s P&C Market ACORD Launches Standards Development Pilot in So. Africa Xchanging Reorganizes UK Insurance Business UK’s Willis Limited Appoints New Chairman and CEO Clements International Officially Becomes Clements Worldwide Best Affirms Top Layer Re’s ‘A+’ Ratings Zurich Appoints Serna Global Head of Corporate Communications Purm Jr. to Lead Argo’s New Brazil Insurance Operations China Urges Greater Attention to Safety at iPad Factory After Blast Carroll, Fell Take on New Roles at Retail Division Markel UK Transocean Talking With BP Over Gulf Oil Spill Zurch Names Serna as Global Head of Communications Arthur J. Gallagher Buys Singapore Broker Opinion: Financial Regulation Reform Risks Overkill in Emerging Markets Toyota Still Has Internal Problems to Fix, Says Commission Icelandic Ash Cloud Shuts UK Flights; Britain Says Airspace Open Davis Joins Endurance Worldwide Reinsurance in U.S. Unit White Mountains’ Sirius to Launch Lloyd’s Syndicate UK’s Willis Limited Names New Chairman, CEO Markel International Names Asia Pacific Unit Leader German Insurer Organized Orgy for Best Salesmen Bribery Widespread Across Europe’s Top Companies: Survey Europe on Alert for Icelandic Volcano Ash Cloud Sony Hacked Again Best Assigns ‘B++’ Rating to Dubai Insurance Willis Launches All Risk Cover for Company Directors NOAA Forecasts ‘Above Normal’ Atlantic Hurricane Season European Insurance Forum Kicks Off May 23 in Dublin Catlin Stokes Broker Compensation Controversy APEC Members Want to Salvage WTO Talks, Says U.S. Trade Rep Tensions between Air France, Airbus Erupt in Crash Investigation Hong Kong Stock Exchange Approves Listing of Guernsey Companies U.S. Chamber of Commerce President Reaffirms Support for Ireland Lloyd’s Ark Syndicate Moves to ‘All in One’ Electronic Claims Ratings Roundup: Mapfre Tepeyac, UFP, Cotswold, Johnston Re Best Revises Montpelier Re Outlook to Positive; Affirms Ratings Cooper Gay/Swett & Crawford Establish Marine Broker Cooper Gay Restructures Business into Three Core Trading Units UK’s Miller Creates New Specialist Binding Authority Team Finaccord Forecasts Growth for Europe Professional Indemnity Coverage French Crash Probe Raises No Urgent A330 Safety Concerns BMS Group’s Pioneer Underwriting Adds Personnel Willis Names Rider to Boost Global Captive Practice Best Sees ‘Growing Pressure’ for Higher P/C Insurance Rates Australia Flood, Cyclone Claims Assessments near Completion Says ICA Cat Bond Investors Not Scared Off by Japan Quake Steamship Mutual P&I Club Reports Strengthened Underwriting for FY 2010/2011 Sex, Lies and the Reckless Choices of the Powerful RSA Group’s Q1 Interim Statement Shows Steady Growth Catlin’s Q1 Interim Statement Highlights 11% Rise in GPW Aon to Move into New London HQ in 2015 Liberty Mutual Continues UK Commercial Lines Expansion; Hires Personnel W. R. Berkley Forms Berkley Re UK Limited; Appoints Execs Firms Fail to Grasp Intellectual Property Risks: Marsh/LIU Report EQECAT Estimates Spain Quake Insured Losses at Maximum $100 Million A. J. Gallagher Acquires UK Broker Heath Lambert for $158 Million WTO’s Lamy: Nobody Wants Doha Trade Talks to Fail Best’s Analysis Concludes Solvency II Will Transform EU Captive Insurers Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion Arctic Nations Step up Cooperation on Safety, Oil Spills Japan Approves Tepco Nuclear Claims Plan; Banks’ Help Eyed Marsh Offers Ship Owners Protection for Increasing Charterers’ Defaults Air France Crash Investigators to Open Black Boxes Catlin UK Launches ‘BusinessAssist’ for SME Disaster Recovery Aon Opens Manchester Office with the Help of Man U Players Catalina Completes Acquisition of Glacier Re Earthquakes Hit Southern Spain; At Least 8 Dead BRMA’s ‘Trading Agreement’ Papers Aim for Reinsurance Contract Certainty Cooper Gay to Form New Management Team for UK Non-Marine, Energy New Products Catlin Select and Catlin Online to Launch at BIBA Conference Changes on the Playing Field; P&C Insurers Question Impact of New Regulations Japan Aims for Tepco Compensation Scheme this Week Chevron, Ecuadoreans Spar over Halted Damage Award Best Revises Outlook on BP’s Jupiter to Stable; Affirms Ratings Hiscox Issues Interim Management Statement; Sees Future Rate Hikes MMA UK Names Bradshaw as Commercial Development Manager Best Withdraws Syria’s Arab Union Ratings Due to Libya Sanctions Fu Joins Pioneer Underwriting at BMS Group as Marine Underwriter Towers Watson: Weak Risk Culture Equals Weak Organization EQECAT Raises Japan Quake/Tsunami Loss Estimates to $22-$39 Billion Tokyo Electric Pleads for Government Help on Compensation Arctic Nations Meet to Chart Future of World’s Final Frontier Marine Security Firms Set Ethics Code in Battle against Piracy Ratings Roundup: Aviva/Delta Lloyd, Montana Re (cat bonds), Montpelier Re (notes), Arab Orient Aon Benfield: Cat Losses, Solvency II Demand Better Model Evaluation First Quarter Earnings Reports: Munich Re, Lancashire Group UK Banks Hit by Compensation Capitulation for Mis-selling PPI Liberty Mutual’s Brazil Seguros to Sponsor 2014 Soccer World Cup First Quarter Earnings Reports: Allied World, Validus Group Sony’s Insurers to Help Foot Bill for Data Breach Lloyds Bank Takes $5.3 Billion Hit for Mis-selling Payment Protection Insurance First Quarter Earnings Reports: SCOR, Alterra Capital First Quarter Earnings Report: Swiss Re, Zurich Financial Services Allianz Preliminary Q1 Figures Show $1.339 Billion Profit ING to Push Ahead with Insurance IPOs, Divestments Aon Benfield Analyzes Q1 Cat Bond Performance First Quarter Earnings Reports: Hannover Re, Argo Group Indonesia Signs Tax Information Treaty with Guernsey Liberty International Underwriters in Europe Launches Football Charity Appeal Palmer to Join Citadel Risk Board World Sea Levels Could Rise over Five Feet by 2100 First Quarter Earnings Report: PartnerRe Best Named First Rating Agency Approved in New Zealand Lockton Study Finds Recent Catastrophes, Changing Models Affecting Property RMS Expert Explains Role of ‘Social Network’ in Tracking Down Bin Laden Best Sees no Change to Greenlight Re’s Ratings with New CEO AIR Worldwide Cat Models Now Cover Industrial and Renewable Energy Searchers Find Second Air France Crash Flight Recorder Majestic Capital Commences Chapter 11 Bankruptcy Proceedings Special Report: As Pirate Attacks Increase, Ship Owners Take Arms World on Alert after U.S. Kills bin Laden Ratings Roundup: Elwood, Taiping (Singapore), Topiary Capital (Cat Bonds) Top 10 Risks Facing Business Leaders First Quarter Earnings Reports: AXIS Capital, Aspen Re S&P: No. Am, Bermuda Insurers Enhancing Enterprise Risk Management Efforts Deep Sea Search Locates, Recovers Air France Flight Data Recorder Japan’s Edano: No limit on Tepco Nuclear Compensation Claims Somali Pirates Seize Singapore Tanker off Kenya Coast International News Archives
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