International News for June 2010 European Insurance Risks Shifting, CEIOPS Sees No Overall Rise S&P ‘Cautiously Optimistic’ on UK’s P/C Sector; Sees Rising Prices Ironshore Environmental to Provide Global Coverage Through London Syndicate Aon Expands Captive Consulting Capabilities in Bermuda Catlin to Establish Swiss Reinsurer ACE’s Greenberg Urges Ratification of U.S./Korea Trade Pact G20 Leaders Views on Economy, Budget Deficits, Bank Regulation, Yuan TS Alex -Season’s 1st Named Storm- Strengthens over Gulf of Mexico Insurance Supervisors Warn Against European Union’s Levy on Sector President Obama Urges Changes In Stalled World Trade Talks NHC Sees 60% Chance Caribbean System Could become Tropical Cyclone Aon Benfield, Cologne University to Study European Windstorms S&P Revises Outlook on Allied World to Positive; Affirms Current Ratings Ratings Roundup: Argo Re, Delvag, Guardian Life/General Best Affirms Brit’s ‘A’ Ratings Earthquake, Tornado, Storms Hit Canada’s International Summit Site Lloyd’s Launches ‘Science of Risk’ Prize Competition RMS Summarizes ‘Cat Peril’ Conclusions in CEIOPS Report Marsh Appoints Woolley and Petit-Lambotte as EMEA P/C Leaders Catlin Makes Board Changes UK Broker Price Forbes Launches Treaty Reinsurance Division Towers Watson Sells VIPitech Unit to Fitch’s Algorithmics Cooper Gay Sees Opportunities in Local Professional Liability Laws Aegon May Sell Transamerica Re; to Concentrate on UK Units Willis Programs, Krause and Butt Launch RecycleGuard in Ontario 30 Dead, Thousands Missing in Brazil Floods; RMS Analysis Sorenson is New I.I.S. Chairman ABI ‘Applauds’ UK’s Budget Austerity; Will Help Insurers to Compete UK Regulatory Consultant Analyzes Financial Services Regime Change Willis Opens New Kazakhstan Office Best Lowers Ratings on BP Captive Jupiter; Outlook Remains Negative 150 Reported Dead, Millions Homeless in China Floods; RMS Report Ratings Roundup: TT Club Mutual, Nat. Life/General (Oman) Death Toll Rises to 132 in Southern China Floods; 860,000 Flee Homes Insurers Revive Cat Bond Market Chubb’s New Lloyd’s Syndicate Inks First New Business in Expansion Plan Deadline Extended for AIG’s $2.2 Billion Sale of Taiwan Life Unit Celia is First Eastern Pacific Hurricane; Currently No Threat to Land Beazley’s Broker Relations Head Lauds Value of Broker Networks Best Affirms PartnerRe Group’s ‘A+’ Ratings; Outlook Stable Lloyd’s Team to Assess Chile Earthquake U.S. Ex-Im Bank Gives Financial Support to Rebuild Chile Infrastructure Best Affirms Fuji Fire & Marine ‘B++’ Ratings; Outlook Revised to Stable BrokersLink Appoints Chartis Senior V.P. Battifarano as CEO Ratings Roundup: Allianz (Italy), MAPFRE PRAICO, Maiden EU Leaders Meet to Work on Ways to Prevent New Debt Crises BrokersLink Network Expands Number of Specialized Service Providers Wildbore to Head New Willis Re Toronto Office FSA Chairman Comments on UK Gov’ts Plans for Regulatory Reform Flash Floods Take 20 Lives in Southern France UPDATE: NHC Lowers Prediction for Tropical Cyclone in Atlantic ACE UK Launches Compliance Clarity Program for Multinationals Marsh Study Examines Benefits and Risks of ‘Sustainability’ UK Finance Minister to Propose New Regulatory Scheme Best Affirms ‘A+’ Ratings of Canada’s Intact Insurance Group Ratings Roundup: Farmers Mutual (N.Z.), Shore Re, NGI Jardine Named as New Deputy Chairman by Council of Lloyd’s ACE Enhances Personal Assets Coverage for Individual UK Directors Apollo Bid for UK’s Brit Insurance Seen Viable at around $16.30 a Share Aon Benfield Report Identifies ‘Mega-Earthquake’ ‘Hotspots Marsh Report Examines Need for Innovation in Captives AIG’s Shares Boosted by AIA Optimism Resolution Close to $4 Billion AXA Deal Guy Carp Appoints Flynn Global COO NHC Tracking Potential Tropical Cyclone in Atlantic OECD Launches Platform to Coordinate International Terrorism Insurance RSA Chairman Warns President Obama over Attacks on BP Time Out for the World Cup Weak Predators, Demanding Prey Stymie Lloyd’s M&A Ratings Recap: Avalon Re, Misr, Central Re Swiss Re Sees Growth, Capital Concerns; Chile Quake Loss Now $630 Million Study Finds Melting Mountains Put Millions at Risk in Asia Graham, Luzzi Elected as FERMA Vice-presidents; Saka as Director UK Brokers Berkeley, Beaumonts Recommit to Willis Commercial Network Allied World Establishes Syndicate 2232 at Lloyd’s of London Catlin Appoints Weber as Group Treasurer Coface Receives Russian License; Aims to Be European Rating Agency Global Regulators Seek Coordination for Financial Reforms Drury Joins Miller for Multinational Business Best Affirms Workers Comp Reinsurer Eastern Re’s ‘A-’ Ratings Popplewell to Head New Marsh International Nuclear Practice Cologne Re (Germany) to Rebrand as General Re Popplewell to Head New Marsh International Nuclear Practice Faber & Dumas (Willis) Global Special Risks Unit Opens Calgary Office CNA Completes Sale of Its Argentinean Subsidiary to QBE Munich Re: ‘Ever Higher’ Nat Cat Costs; Ups Chile Quake Loss to $1 Billion ‘Green Energy Systems’ Now ‘Essential’ Says Lloyd’s ACE Global Markets Appoints Brett Director of Aviation Insurers Worry EU Could Extend Bank Levy to Other Financial Firms UK’s Griffiths, Miller; UAE’s Associated Join Assurex Global Network Ratings Roundup: Wentworth, Gulf Re Football World Cup Insurance Coverage Totals Nearly $9 Billion G20 Finance Ministers Don’t Even Try to ‘Spin’ Impact of Europe’s Debt Crisis London Market Group Launches ‘Next Phase’ of Electronic Endorsements London Broker Cooper Gay Warns Multinationals on D&O Protection Mapfre Global Risks Launches New Website Rating Agencies React to BP’s Oil Spill; Best Revises Jupiter Outlook Marsh Launches New Practice for UK’s Insolvency Sector Aon Scientist Analyzes Insurance Coverage for Volcanic Eruptions Why Some Volcanic Eruptions Produce Ash Clouds and Others Don’t P/C Trade Groups Join GNAIE in Opposing Unitary Accounting Standard Braemar Marine Expands in London, Singapore, Europe Torus Names 3 Senior Execs for Professional Lines in France, Germany Guy Carpenter Terrorism Report: Insurance Supply Outpaces Demand Aon Sees Progress Against Terrorism, But Threats are Evolving Genstar Capital Acquires Canada’s Granite Global Solutions Cyclone Phet Takes Aim at Oman; Pakistan on Alert Prudential Deal Exit Raises Prospects for AIA IPO AIR Analyzes Agatha; Despite Damages Insured Losses Not ‘Significant’ CSU Team Increases 2010 Atlantic Hurricane Forecast to 10 Ironshore Canada Enters Financial, Professional Lines Market Chubb Establishes New Syndicate at Lloyd’s Insurance Australia Group Strengthens UK Claim Reserves AXA Extends Talks with National Australia Bank on AXA Asia Pacific Deal Bermuda Monetary Authority Launches Pilot Internal Capital Model AIG Rejects Lower Prudential Offer for AIA; Deal in Jeopardy Tropical Storm Agatha Kills 99 in Central America Aon Begins 4-Year Term as Official Manchester United Shirt Sponsor WTO Questions China’s Export Barriers Rich/Poor Rifts Stall Progress at UN Climate Talks AIR Report Analyzes Potential Hurricane ‘Implications’ of Gulf Oil Spill Ratings Recap: Cooperativa, Patria Re International News Archives
Sign up to receive insurance news alerts!
Andrea WellsAgency Compensation Playbook: 2013 Agency Salary Survey
Andrew G. SimpsonHow Process Improvement Drives Agency Profitability
Stephanie JonesThe Acquisition Cycle
Don JerglerIndustry Predictions
Chris BurandReasonable Compensation
