International News for October 2011 Aon Report on Thai Floods Highlights ‘Extreme Human Suffering,’ Economic Loss’ AIR Gives Preliminary Analysis of Peru Quake Losses Third Quarter Earnings Reports: Aspen Insurance, Validus Holdings S&P Upgrades Swiss Re and Core Subsidiaries to ‘AA-’; Outlook Stable AIR Worldwide Launches Multiple Peril Crop Insurance Model for China Strong Peru Quake Causes Minor Damage, 83 Reported Injured War Veteran Turned Banker is China’s New Insurance Regulator UK PM Seeks Law Change to Allow Armed Guards on British Vessels BrokersLink Adds 8 New Members Fairfax’s Watsa Sees More Turmoil; Maintains Hedges PartnerRe Details Cat Loss Estimates; $169 Million in Q3 Brokers Flock to Sign up for London Market’s Electronic Trading ‘e-Accounts’ Best Affirms Munich Re, Subsidiaries, Munich Re America ‘A+’ Ratings Thai Floods Batter Global Electronics, Auto Supply Chains Q3 Earnings Reports: Montpelier Re; Everest Re; Endurance Specialty Markets Cheer Euro Deal But Questions Remain ABI Assures UK Flood Victims Insurers Ready to Help AIR Reports on Heavy Rains, Floods in Ireland, Southwest England, Wales Third Quarter Earnings Reports: ACE Limited; Arch Capital UPDATE: Hurricane Rina Bearing Down on Yucatan Peninsula Flagstone Re to Restructure Business; Sell Lloyd’s Operation Best Revises Allied World, Affiliates ICR Outlook to Positive; Affirms Ratings Best Affirms Ratings of UK-Based Travelers Insurance Co. Limited AIR Estimates Turkey Insured Quake Losses at $56.5 to $170 Million Argo Group Preliminary Estimates for Q3 Cat Losses $35 to $40 Million Survey Finds Africa, Asia Cities Most at Risk from Global Climate Change Flagstone Re Estimates Q3 Losses Will Total Around $45 Million Hurricane Rina Strengthens off of Yucatan Peninsula Ongoing Pirate Menace Triggers Special Coverage, Security Measures Willis Group Reports 4% Growth in Q3 Munich Re: ‘Uncertainty,’ Economic Crisis, Challenge Re/insurers UPDATE: Turkey Quake Toll Mounts; Rescue Work Continues; AIR Analysis Best Sees No Rating Changes from of Flagstone Reassurance Restructuring Japan Offers Help to Companies Hit by Thai Floods Willis UK & Ireland Appoints Wilkinson CEO, McCafferty President Energi to Enter Canadian Insurance Market, Forms Energi of Canada LTD Willis Names Maurette as Regional CEO for Latin America RSA Appoints Hood as Group E-Business Director Weak Markets to Hobble Canadian Insurer Results 200 Dead, More Missing, as 7.2 Quake Collapses Buildings in Eastern Turkey Europe’s Risk Managers Concerned by Social Media Reputation Damage Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You Germany Rebuffs France on Euro Zone Solution; Insurance for Bonds an Option Cell Phones Don’t Hike Cancer Risk: Danish Study Bangkok Braces for Floods; Deaths, Economic Toll Rise Big Business, Investors Urge Tough Climate Action MetLife Offers Business Travel Medical Coverage to Employees on Assignment Wright Named CEO of Willis International, Replacing Margrett Lloyd’s Insurer Omega Backs Haverford Offer Lockton, First Equity Risk Management in South Africa Joint Venture Ratings Recap: BNY Trade, XL [pref. shares] French Broker Filhet Allard Joins BrokersLink in Expansion Move Plastics Industry Also at Risk for Metal Theft in UK: MMA Insurance Global Retail Theft Up 6.6% in Past Year Flood Damage Underestimated; Better Risk Prevention Needed: Allianz Willis Launches Liability Coverage for Hedge Fund Directors Piracy Attacks at Record Levels But Hijackings Decline Best Affirms Lloyd’s Syndicate 2010, Cathedral Capital Ratings Europe’s Fleet Vehicle Market Valued at $23 Billion BP Settles for $4 Billion from Anadarko for Oil Spill Costs Stricken New Zealand Container Ship May Break Apart or Sink Ratings Recap: Qualitas, Qatar General U.S. SEC to Limit Charges Against Allianz Bermuda Re/Insurers Announce Q3 Cat Loss Estimates RIM Offers Free Apps to Appease BlackBerry Customers Death Toll from Rain in Central America Climbs to 81 Thailand: Bangkok Escape Floods as Waters Recede Report AXA, Generali, Tokio Marine, MS&AD Submit Bids for HSBC Unit AIR Estimates Insured Losses from Hurricane Jova at Less than $52 Million Ex-AIG Unit AIA Group’s Growth Jumps in Q3 as Insurance Demand Rises Best Affirms Aspen UK, Bermuda Companies and Subs Ratings; Outlook Stable UK Conference Panel Calls for Closer Collaboration with IT Managers UK’s Pioneer Appoints Comes New Senior Underwriter Willis Launches Reputation Protection for Hotels Ratings Recap: HSB (UK), Nissan Global Re, Optima, Hatherley/Park Catalina Holdings (Bermuda) Completes Residential Loss Control Acquisition Endurance Appoints Lamer to Head U.S. Property Cat Treaty Reinsurance AIR Analyzes Jova Damages Fairfax Financial’s Hedges Shelter Insurer from Financial Crisis BlackBerry Maker Scrambles to End Global Outage; Repair Damage to Brand UPDATE: Hurricane Jova Hits Mexican Port; Kills Four; Mudslides in Central America US Congress OK’s Korea, Panama, Colombia Trade Pacts ACE Tempest Re Appoints Mardon Division President of Bermuda Operations Best Affirms QBE and Subs Ratings; Outlook Stable New Zealand Says Oil Spill ‘Worst-ever Maritime Environmental Disaster’ Panel Lauds London Market’s Electronic Success Honda’s Thai Production Underwater as Floods Hit Japan Firms UPDATE: Hurricane Jova Crosses Mexico’s Pacific Coast Willis Appoints Poillon Director of Investor Relations Transatlantic Says in Talks with Fourth Suitor Category 3 Hurricane Jova Targets Mexico’s Pacific Coast Thailand Races to Defend Bangkok from Floods Best Affirms Sirius International Ratings Aon, Zurich Launch Innovative $100 Million Reputational Risk Coverage Jackson to Represent BrokersLink’s Latin America Interests Axis Global A&H Names Cañellas Business Development Manager – Int’l. Arch Re Group Appoints McGuinness to Head New Canada Treaty Operation Travelers Launches New Plastics Package Tunnicliffe Rejoins Aon to Lead Global Risk Consulting Northbridge Insurance Details management for Merged Company FSA Changes Date for Solvency II Implementation, Lloyd’s, Aon Benfield Comment Commodity Pricing Volatility Increases Under-insurance Risks Says Marsh Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion HSBC Approaches Japanese Insurers on Sale of Non-Life Unit FERMA’s President on the Risk Managers’ Role, Transparency, Innovation Deutsch Bank Head Sees ‘Fundamental Reassessment’ of Financial Industry For Allied World, Is No Deal a Better Deal? Regulators Tell Oil Firms to Improve Safety RSA launches Global Specialty Lines Piracy Costs World Shipping Industry $9B a Year Tokyo Electric May Need $112B: Panel Chartis CEO Says Europe Still Safe; Insurer Seeks ‘Value Over Volume’ Ratings Recap: Rembrandt, XL (notes) Record Numbers Attend FERMA Conference in Stockholm Hurricane Ophelia Sweeps Past Bermuda, Heads North International News Archives
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