International News for November 2012 Ratings Recap: Mansard, Custodian & Allied, Ability Re, TATIL S&P Report: Reinsurers Discuss Industry Lessons Learned From Hurricane Sandy Willis North America to Acquire Canadian Benefits Broker Avalon Actuarial Euler Hermes and MAPFRE Form ‘Solunion’; a New Credit Insurance Venture French Court Clears Continental of Criminal Liability for 2000 Concorde Crash Carr Joins Mitsui Sumitomo at Lloyd’s to Expand Marine Liability Market South to Head Marsh’s Combined Asia-Pacific; Piccolomini Continental Europe Flagstone Re Shareholders Approve Acquisition by Validus Climate is ‘Changing before our Eyes’ Says World Meteorological Organization Munich Re Study Focuses on Rising ‘Cyber Crime’ Franzén Appointed Chairman of EDHEC-Risk Institute’s Int’l. Advisory Board Colombia to Offer Climate Change Insurance to Coffee Farmers Willis Provides Expertise to UK Government Report on Cat Models/Risk Reduction UN Report: Melting Permafrost Seen as New Peril in Global Warming Best Affirms Zurich Insurance and Group ‘A+’ Ratings; Outlook Stable AIR Analyzes Heavy Impact of UK Floods; 2012 Losses ‘Above Average’ Taiwan to Pay Life Insurer Transglobe $3 Billion in Record Bailout of Rival Swiss Re to Invest $500 Million in Europe Infrastructure Debt through Macquarie Lloyd’s Report Focuses on ‘Gap’ in Disaster Costs and Insurance Coverage Best Assigns ’A’ Ratings to Qatar Insurance SAQ and Main Subs GAC Maritime Security to Provide PirateFence™ Vessel Protection Euro Zone, IMF Secure Deal on Cutting Greek Debt New Land, but also Costs, as Nordic Nations Rise from the Sea Brace to Join Catlin as Group Claims Director RSA Group Names Scicluna as its new Chairman Swiss Re Estimates Claims from Hurricane Sandy at around $900 Million Net China’s Ping An Considers Legal Action vs. NY Times after Family Wealth Exposé As UK Floods Continue, ABI Urges Progress on Stalled Insurance Talks EU’s Debt Crisis Saps its Ability to Lead Climate Change Debate AIG, Others to Take up Half of China PICC’s $3.6 Billion Hong Kong IPO Swiss Re Sigma Study Analyzes Changes to Insurance Accounting Practices Endurance Acquires Galileo Weather Risk; Launches Global Weather Service Aviva Names ex-AIA Chief Wilson as New CEO ABI Analyzes Effect of Upcoming Gender-Neutral Insurance Pricing Allied World Europe Expands Primary Professional Liability Product Suite Best’s Special Report on Columbia Cites Growth, Regulation Endurance Appoints Kuhn as CEO – Global Insurance Global Investors Call for Action on Serious Climate Danger ING in New Deal with EU over State Aid, Punishment UN Security Council Debates Spread of Piracy Senior Reinsurance Execs to Join Q-Re in Establishing ‘Global Franchise’ World Economic Climate Continues to Decline: ICC/Ifo Survey HSBC in Talks to Sell $9.3 Billion China Ping An Stake Best Affirms Torus Group Ratings; Outlook Stable Ratings Recap: Talanx Re, Nissan Global, Harmony, JEVCO Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive UPDATE: China’s PICC in Talks with AIG as Buyer for $4 Billion HK IPO Best Revises ICR Outlook to Negative for QBE Group and Subs; Affirms Ratings Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable Ironshore Names Scully Global Chief Actuary Aon Benfield’s Impact Forecasting Launches Algeria, Morocco Quake Models AIR Announces Deal with Navigators for Cat Models China’s PICC Group to Raise up to $4 Billion in Hong Kong IPO Iran Oil Liability Fears Grow as Insurance Ban Bites Zurich’s 9-Month Business Operating Profit Flat at $3.2 Billion RenRe Appoints O’Donnell as President, Global Chief Underwriting Officer Willis WCMA Reports Sandy’s Cat Bond Impact Likely to be Muted Willis Launches ‘DARCstar’ Directors’ All Risks Cover in Asia-Pacific Region Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable China’s State Insurers Give ‘Thumbs Up’ to Party with 50-year Bond Buy EU Fails to Fill Cash Gap as Climate Talks Loom Toyota to Recall 2.77 Million Vehicles for Steering, Water Pump Problems EU, IMF Clash over Greece Revives Debt Crisis Fears Miller Appoints Robinson to Further Enhance Marine Growth CCRIF Partners with Seismic Research Center for Quake, Volcano Risk UK Business Group Calls for Limit to PPI Compensation – Report Thoughts on a Day to Remember and Honor Those Who Fought IMF Urges Permanent Fix to U.S. ‘Fiscal Cliff’ Guatemalans Huddle in Streets after Deadly Quake Risk Managers’ Top 3 Concerns: Interest Rates, Currency Markets, Regulations Insurer Aviva Nearing Sale of U.S. Business Xchanging Secures Lloyd’s Claims Reporting Contract Zurich Names Welton Group Chief Marketing Officer 7.4 Magnitude Quake Shakes Active Guatemala Region: AIR Analysis Swiss Re Posts $2.2 Billion Q3 Net Income Outsourcing Failures Now in Top 3 as Causes of Supply Chain Disruption Canopius’ Chief Inga Beale Stresses ‘Client Focus’ for European Success Munich Re Raises 2012 Profit Forecast on Stronger 9-Month Results Mapfre Concludes $1.284 Billion Senior Debt Issuance Which Insurance Products Do Europeans Rate Tops? Zurich Survey Answers Foreign Insurers Enter Myanmar Market with Hope, Caution Berkley Technology to Cover U.S. Tech Business through Lloyd’s Hub International Acquires Canada Broker Huestis Commercial Insurance Xchanging Speeds up London Market BI Recovery – 24 Hours to 15 Minutes Zurich/Advisen Poll Finds Cyber Risk Awareness Increasing Hannover Re Sees Little Sandy Impact; Raises Profit Forecasts Aon Benfield Launches Swiss Flood Model w/ Latest Hazard Data UK Drivers Poor Eyesight Costs $52.7 Million a Year Says RSA Report Zurich Names Hartigan as CEO Global Life for Pacific, Middle East Xchanging Unveils Plans for More Asian Expansion U.S. ‘Fiscal Cliff,’ Europe’s Debt Woes Worry G20 Insurance Fraud Specialist Armour Group Concludes UK Sub Deal Ireland Sentences Failed Tycoon Quinn to Jail Investors Skirt New Shorting Curbs to Bet on European Union Woes Bermuda’s SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams China’s Ping An Insurance Reports Profit Up 20.6% Haste Named Lloyd’s Deputy Chairman London Broker Miller Names Plato to Marine Hull Team Barclays Facing New U.S. Investigations International News Archives
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