International News for July 2011 Validus Touts ‘Superior Proposal’ for Transatlantic; Allied Says It’s a Done Deal Ratings Recap: ECIC, Century (Guam), Al Fajer Re Lloyd’s Appoints Steel New Open Form Appeal Arbitrator Fairfax Financial Profit Rises on Investments Rio-Paris Crash Probe Finds Air France Pilots Ignored Warnings Lloyd’s Receives Approval for Reduced Collateral from New York Canada’s Top Court to Rule on Tobacco Liability PartnerRe Comments on Financial Impact of Q2 Losses Validus, Transatlantic Miss Earnings Expectations Forecasts for 2011 Atlantic Hurricane Season Largely Unchanged Transatlantic Sues Validus, Rejects Offer Markel to Launch Dutch Operation NZ Minister Says Deal in Global Climate Talks ‘Still within Reach’ Second Quarter Earnings Reports: ACE Limited Season’s First Major Storm Threatens Gulf of Mexico, Texas WTO’s Lamy Sees Paralysis in Global Trade Talks Ratings Recap: Lemma, Adamjee, CCR (Algeria), Bosna Re Aon Benfield Guide: All You Need to Know on Volcanoes, Landslides, Tsunamis EU Doesn’t Need More Corporate Governance Rules Say Risk Managers Japan Committee Clears Nuclear Compensation Bill More U.S. Lawsuits Target Chinese Reverse Mergers China Launches Safety Campaign After Deadly Train Crash Liberty International Appoints Environmental Liability Underwriter for France AIR Expands Atlantic Basin Tropical Cyclone Models to Central America Steamship Mutual to Launch ‘Piracy Menace’ Loss Prevention DVD Validus Goes Hostile on $3.2 Billion Bid for Transatlantic Willis Report Notes Stable Market for Airlines, but Questions Sustainability Best Names Holzberger as Managing Director – Analytics for EMEA ING Sale of Latin American Insurance Unit Sets Stage for Others Fake Apple Store Cuts to Core of China’s Risk to Brands Europe’s Banks, Insurers Take Greek Debt Hit in Stride UK Minister Compares Inaction on Climate Change to Hitler Appeasement Best Affirms MAPFRE RE ‘A+’ Ratings; Outlook Remains Negative Willis Australasia Appoints Pickering as Chairman; Lindhout CEO UK Broker BMS Continues Overall Growth Aon UK Set UK ‘Green’ Standard with CEMARS Accreditation Study Confirms Growth of Extended Warranties on Mobile, Non-Mobile Products in Europe Huge Bomb Blast Hits Oslo; Terrorists Suspected UK’s Willis Limited Reaches Settlement with FSA Aon GRIP Solutions Expands Europe, Middle East and Africa Team U.S. Judge Allows Shareholder Suits Against China Accountants West, Russia Divided on U.N. Security Council Climate Role Tropical Storm Ma-On Makes Landfall, Heavy Rains in Southern Japan Aon Appoints Head Broker for Construction, Power, Infrastructure in Singapore Validus, Allied World Tussle over Transatlantic Heats Up Canada’s Reformed Class Action Law Wins Few Friends Britain: Is It More Corrupt Than It Thinks? Is the U.S.? Willis Research Network, Georgia State Team up for Economic Capital Models U.S. Defends Doha Trade Strategy after Zoellick Barbs XL Insurance Strengthens International Property Business Somali Pirates Secrets Revealed in New Book Indonesia’s Mount Lokon Volcano Erupts Twice 7,500 Earthquakes Shake Resolve in Christchurch, New Zealand SCOR Finalizes Sale of U.S. Fixed Annuity Business Motorsports Boss Mosely Offers to Underwrite Suits Against Murdoch Typhoon Ma-On Nears Japan Pirates Release Greek Tanker; All Crew Safe Says Manager Ratings Recap: Kuwait Re, Optimum, Montana Re (cat bonds) Best Affirms SOVAG’s Ratings; Outlook Stable Stress Test Puts Banks’ Euro Zone Debt in Spotlight NHC Tracking Tropical Storm Bret Allianz: Investors Should Forgive 25-30% of Greek Debt China’s People Insurance Group Plans $5 Billion IPO IASB Rules ‘On the Way’ to Becoming Global Accounting Standard Zurich Completes Latin American Pact with Banco Santander Guernsey Removed from U.S. “Blacklist” S&P Sees No Ratings Change on Validus from Transatlantic Bid AXIS Puts Q2 Cat Losses at $90-$105 Million; Updates Q1 Estimates Towers Watson Notes Safety Measures Cause Fall in Mideast Traffic Accidents Commission Allows Group to Buy AIG Taiwan Unit Magnitude 5.5 Quake Jolts Eastern Japan Best Sees No Rating Revisions on Validus from Transatlantic Bid Best Affirms Lloyd’s of London’s ‘A’ Ratings Willis’ ILS Report Sees Increased Investor Interest in Cat Bonds Murdoch’s Bow to Pressure; Will Attend UK Parliament’s Investigation Europe’s PERILS Expands Coverage to Norway, Sweden Head of S&P Germany Rejects Euro Zone Criticism Europe at Impasse on Greece, IMF Backs Investor Role Lloyd’s Market Association Marks 10 Year Anniversary Insurers Seek Separation from Banks for Systemic Risk Regulation Samsung Says Study Finds Workplace Isn’t Cause of Employees’ Cancer Greenpeace Charges Big Name Brands Sourcing from Polluting China Firms UK’s ABI Launches Insurance Fraud Database Ironshore Expands International Presence with Entrance into Australian Market Miller Names Collins, Davison to Exec Posts; Continues Growth UPDATE – Validus Tops Allied World’s Bid for Transatlantic Q1 Losses, Solvency II Drive Research on “Non-modeled” Perils Says Aon Benfield Europe Considers Greek Default Possible; Leaders to Meet Speers Joins Miller as Head of Legal Matters Best Report Says Takaful Poised for Growth, But Greater Focus Needed Allianz Global Corporate & Specialty Confirms New London, U.S. Execs EU Court Says eBay May Be Liable on Trademark Abuse Catastrophe Costs Will Set Record: Munich Re U.S. Considers Removing All Tariffs for Poor Nations Alterra Bermuda Approved for Reduced Collateral Status in New York Amlin Updates Cat Loss Estimates; Reports Increase in Reinsurance Rates XL Names Ribotta to New Global Distribution Post Allied World Estimates $65-$75 Million Q2 Cat Losses Geneva Association Appoints Inscoe to Head Institutional Relations Aon Benfield Cat Recap Highlights China Floods; Quakes, Wildfires EU Slams Rating Agencies after Portugal Downgrade Best Affirms Lloyd’s Syndicate 1084 Ratings; Withdraws Chaucer Holdings’ Rating Reactions to News of the World Closure Murdoch’s News Corp to Close News of the World Japan to Conduct Stress Tests on All Nuclear Plants Brown Joins RSA Board as Executive Director Ratings Recap: United, Aviva Canada, Jupiter Portugal Adds to Europe Woes as Banks Meet on Greece Pirates Attack Oil Tanker off Yemen, Crew Safe Marsh Launches Global Mining Practice New Swiss Re sigma study Reveals Global Premium, Capital Growth Aon’s International Space Brokers Opens Hong Kong Operation Travelers Names Two New London-based Chief Underwriting Officers Marighetti Joins Zurich as Group Head of Strategy Lloyd’s Names Patterson as New Controller of Agencies; Lawrence as Deputy UK’s UIB Appoints Dilley International Operations Director Stress Test Results Confirm Strength of European Insurance Industry Swiss Re Warns Europe of Increasing ‘Soil Subsidence’ from Climate Change Japan’s Nippon Life to Invest in Germany’s Allianz China to Tap Foreign Employees for Social Insurance Funds Lloyd’s Novae calls off Merger talks with Omega Lloyd’s Sees Opportunities in Emerging Markets U.S. Calls for Cross-Border Laws to Counter Cyber Attacks Survey Shows Europe’s Top 10 P&C Insurers Grew Premiums by 5.2% in 2010 International News Archives
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