International News for September 2011 Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure Global Insurance Rates Flat Overall in Q3 Says Marsh Climate Aid Progress May End Kyoto Rancor Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman Typhoon Nesat Hits Hainan Island, China Mainland; AIR Analysis North P&I Club, GRAY PAGE to Vet ‘Armed Maritime Security Providers’ IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks Ratings Recap: Gulf, Unity Re, Connaught, Macau Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings Panel Reports Climate Change to Cost Canada Many Billions UPDATE: Fire Surges at Shell’s Singapore Refinery Typhoon Nesat Hits China after Pummeling Hong Kong Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses Aon Appoints Waerseggers to Head European Power Business Best’s Special Report Sees Mounting Pressure on UK’s P&C Insurers AIR Analyzes Typhoon Nesat’s Impact on Philippines Cigna Acquires UK’s FirstAssist Insurance Services to Broaden Product Line Fire at Shell Singapore Refinery Contained LG Seeks Ban on BMW, Audi Sales in Korea over Osram Lighting Products Huge Floods in Manila as Typhoon Nesat Hits Philippines Shanghai Subway Trains Collide Injuring More than 270 Argo Group Opens Office in Dubai Best Upgrades Greenlight Re’s Ratings to ‘A’; Outlook Stable Best Special Report: Finds Strong Reinsurance Demand in Middle East, No. Africa Genworth Creates Reinsurance Treaty for Mortgage Insurance in Europe Williams to Head Liberty International’s D&O, Financial Institutions Business Transatlantic in Talks with New, Undisclosed Bidder Hurricane Center Tracking Hurricane Hilary off Coast of Mexico; Atlantic Storms Ratings Recap: FM Global (UK), Tapiola Willis and XL Implement e-Accounting for London Market Ryan Specialty Completes Acquisition of Lloyd’s Insurer Jubilee Validus, Transatlantic Make Peace; Confidentiality Agreement Signed AXA Completes Sale of Canadian Operations Island Nations at UN Warn of Climate Disaster Swiss Re Policies Help Cholera Victims in Haiti, Poor Farmers in Africa Driverless Car Navigates Berlin Streets Aon Risk Appoints Bentele, Dalchow to New Global Crisis Management Posts ARIS Art Title Insurance Adopted as Protocol by Global Art Fund Manager AIR Estimates Typhoon Roke Insured Losses at $150 to $600 Million Liberty Syndicates Names Sakamoto to Strengthen Brazil Platform Miller Appoints Smith for Scandinavian Binding Authority UK’s Tawa Posts $11 Million 1st Half Profit Hurricane Center Tracking TS Ophelia; Poses No Immediate Threat AIR Report: Typhoon Roke Now Offshore; Passed Tokyo with Heavy Rain Wilford to Head Willis Global Aerospace; Smaje is New CEO; Hanrahan, President Lord Levene to Receive Rarely Given Gold Medal for Services to Lloyd’s Aon Benfield Conference Underlines ‘Complexity’ of Catastrophic Events Willis Chief Tells Asian CEO’s Insurance ‘Not Just About Coverage’ Best Affirms XL Group, P&C Subs ‘A’ Ratings; Outlook Stable Lloyd’s CFO Stresses Overall Strength after Record Loss Politicians, Investors Worry Over Shrinking Middle Class, Role of Social Media Ratings Recap: NIPPONKOA (China), Leadway, B&B, Montpelier Re, Milli Re Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path FERMA Elects Luzzi as Next President, Dennery as VP Malta, Slovenia Risk Management Associations Join FERMA Typhoon Roke Threatens Japan: AIR Report Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes Lloyd’s Bolt: Offshore Energy Underwriters Aren’t ‘Robustly Managing Risks’ Marine Insurers Backing Armed Guards as Piracy Threat Grows Torus Acquires Broadgate, Lloyd’s Syndicate 1301 EQECAT President on the Continuing Evolution of Catastrophe Models Italy Downgrade, Greek Worry Dominate Europe’s Financial Markets Whittington Sells UK Business to Finance Asia Expansion U.S. Court Unfreezes $18 billion Ecuador Award against Chevron Reinsurance Underwriting also Means Risk Management at Endurance Good News – Bad News from the Reinsurance Rendezvous Hamilton Joins UK’s Miller from Bowring Marsh Aon Report Concludes Piracy Threat Spreading to East Africa Coast Hurricane Maria Makes Landfall on Newfoundland; Now Post-Tropical Allied World, Transatlantic Call off Merger Deal Lloyd’s Channel Syndicate Appoints Campbell to Head Financial Lines Division AIR Lowers Insured Loss Estimates for Hurricane Irene in the Bahamas US Data Center Study Finds Arctic Ice Melts to Second Lowest Level Ever Ratings: AmerInst, Emirates, Jamaica Int’l., Salama/BEST RE, Colonial, Trust Re Best Affirms Lloyd’s Syndicate 510 and Kiln Group Ratings; Outlook Stable Hub International to Acquire Canadian Broker Horizon Insurance Willis Appoints Peller as Argentina CEO Shareholder Adviser OK’s Allied’s Bid, But Nixes Approval by Transatlantic Travelers Promotes Coello to Assistant GM for Professional Risks in UK Lloyd’s Issues First Direct Insurance Policy in China AIR Updates European Wind, Earthquake Cat Models Validus Files to Replace Transatlantic Board U.S. Court Fight May Not Solve Chinese Accounting Mess Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P Willis’ Report Finds Airline Industry Losses Hit 5-Year Low Japan Marks 6 Months Since Earthquake, Tsunami Hannover Re Sees Reinsurance Prices Rising Up to 8% HSBC Insurance Chief to Step Down Reinsurance Rendezvous Kicks Off in Monte Carlo Reinsurers Eye Innovation As Prices Disappoint HBSC Selling Non-Life Insurance Business: Reuters Willis’ Exec Sees Possible ‘Historic Change’ in Reinsurance Market Best, S&P Positive on Reinsurers’ Capital Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director Fitzpatrick to Head U.S. Retail for Endurance Specialty White Mountains Rebrands Reinsurance As Sirius Global Property Insurance Market Remains Volatile: Aon Benfield Storm Nate Fizzles After Landfall in Gulf of Mexico Aon Benfield Study Finds Reinsurer’s Capital Recovers in Q2 from Q1 Losses Bermuda Signs Tax Agreement with South Africa Allied World Finds $80 Million in New Synergies with Transatlantic Merger Allied World Appoints Fleischmann as New VP for Direct Underwriting UK Managing General Agents Launch Official Representative Association Swiss Re Report Estimates 2011 First 6 Months Cat Losses at $70 Billion UK Government to Ban Personal Injury Referral Fees Argo Group’s Fine Arts Title Underwriter in Partnerships with Art Insurers Montpelier Group Names Schaper as President of Montpelier Re Best Report Concludes Canada’s Insurers Improve, But Risk Profile Rises AIR Estimates Talas Insured Losses between $150 -$600 Million Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable Best Affirms Allianz SE, Most Subs ‘A+ Ratings; Outlook Stable SCOR Confirms Earnings Targets; Strategic ‘Strong Momentum’ Plan Hurricane Center Tracking 3 Atlantic Storms: Katia, Maria and Nate ARAG Launches UK Divorce Insurance Product Travelers UK Names Sawyer Professional Indemnity Manager Best Affirms Ratings of Lloyd’s Syndicate 958 (Omega); Outlook Stable Swiss Re Study Forecasts ‘Continued Growth’ for Insurance Linked Securities Best Special Report Sees Reinvigorated Reinsurance Market UPDATE: ConocoPhillips Apologizes for China Oil Spill UPDATE: Killer Typhoon Talas Brings More Misery to Japan Hurricane Center Reports Katia Weakens; Tropical Depression 14 Forms HSB UK Names Kane Chief Underwriting Officer Aran Insurance Services to Offer Specialty P&C Programs in Canada Ratings Roundup: Ocaso, Mariah Re (Notes) Best Affirms Generali Deutschland and Subs ‘A+’ Ratings; Outlook Stable Xchanging Appoints Sadler as Insurance Chief Info Officer UK’s Justice Action Group Rebuts ABI’s Stance on Personal Injury Claims British Insurers, Business Heavyweights Support UK Legal Reform Bill Typhoon Talas Kills At Least 15 As It Passes Japan Typhoon Talas Heading for Japan AXIS Re Appoints Krenboeck Marketing Director for Latin America China Orders ConocoPhillips to Halt Output at Bohai Bay Oilfield Willis Develops New Coverage for Nuclear Exclusion Risk S&P Changes Willis Group Outlook to Positive; Affirms Ratings Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable Columbus Direct Launches New Ash Cloud Travel Cover Allied World Launches Swiss Operating Company Katia Becomes Hurricane East of Leeward Islands English Football (Soccer) Season Kicks Off with Help from Insurance Industry UN Climate Head Says Durban Talks Can Deliver Results S&P Assigns ‘A’ Rating to Allied World’s Swiss Sub; Outlook Positive International News Archives
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