International News for April 2009 Arch Capital Posts $140 Million Q1 Net WHO Raises Flu Threat Level, Warns Pandemic Imminent Max Cap to ‘Vigorously Defend’ Against Validus Lawsuit O’Flinn Joins Aspen Board Marsh Establishes ‘Protected Cell Captives’ in Wash. DC, Isle of Man Lloyd’s Report Links Climate Change to National Security Threats Marsh Issues Risk and Insurance Analysis/Advice on Pandemic Flu ACE Q1 Net Income up 50% to $567 Million; Operating Income $669 Million Montpelier Re Q1Operating Income of $47 Million; $51 Million Comp. Net Chartered Insurance Institute Publishes ‘Greater Professionalism’ Paper Validus Files Lawsuit against IPC Holdings and Max Capital Ratings Roundup: Lloyd’s (debt), PartnerRe, Pacific Int’l., Amerinst World Battles to Curb Deadly Mexico Flu Strain Amex, Allianz Raise $1.9 Billion in ICBC Stake Sales Marsh Reports Captives Maintain Position Despite Economic Crisis PartnerRe Posts $141 Million Q1 Net Earnings; Conf. Call Today AIG a Lesson for European Watchdogs Willis Re, Thomson Reuters Launch Online Catastrophe Price Index Aon Global Risk Analyzes Potential Impact of Swine Flu Outbreak Willis Study Finds ‘Buyers’ Market’ for Commercial D&O in Q1 Has Globalization Made the World More Catastrophe-Prone? How Climate Change Affects GDP China, Taiwan Sign Landmark Financial Services Agreements EU to Launch Canada Trade Pact Talks FERMA Approves EU Parliament’s Solvency II Adoption-With Reservations Max Capital Appoints Hatto, Sprowson as Lloyd’s Underwriters Piccolomini Named Marsh Italy CEO; Cordero di Vonzo General Manager RMS’ Paradex Model Plays Key Role in Munich Re, Tokio Marine Cat Swap Willis Research Network Reports on Hazard Risk Assessment Conference S&P Reports ‘Pressure Builds on Europe’s Insurers,’ Despite Strength World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk Europe Votes to Adopt New Solvency Rules for Insurance by 2012 Zurich Names Bouchard to Head Climate Office Lloyd’s Offers to Buy Back Debt at Discount Piracy Attacks Almost Doubled in Q1 Mexico Bank Offers Insurance for Immigrants in U.S. Moderate Earthquake Rattles Northwest China; No Injuries Reported Report Says Forests Could Become Source of Global Warming Q&A – How Great is the Threat from Melting Ice Sheets? Lloyd’s Opens First Office in Brazil Willis Finds Credit Crunch Fallout Raises Financial Premiums by 15% Global Takaful Market On Growth Track AIG Completes Sale of Private Bank to Aabar Investments Ratings: AXA Seguros, Tryggingamidstödin, Thai Insurers, Swedish Club CCRIF Reports Positive Investment Returns Navies to Guard Undersea Cable Vessel from Somali Pirate Attacks Willis Names Larsson Sweden CEO Xchanging Expands Abroad after London Success Lloyd’s Finds Insurance Increasingly Important for Rock ‘n’ Roll Band Tours Somali Pirates Seize Two More Ships, U.S. Vessel, Others Attacked Guy Carpenter Analyzes Q1 Cat Bond Market Activity U.S. Action Against Somali Pirates May Raise Marine Insurance Demand and Rates Global Special Risks London Team Joins Glencairn Energy French Commandos Free Yacht from Pirates, 1 Hostage Dies Best Removes Ironshore from Review; Affirms Ratings Validus Launches Proxy Fight in Effort to Stop Max/IPC Deal S&P Analyzes Jordanian Insurance Sector Capt. Phillips Rescued by U.S. Navy GAB Robins UK Names Alcock New Casualty Director Somali Pirates Hold American Hostage for Third Day Willis Offers Counterparty Risk Monitoring to Gauge Insurer Stability Credit Insurer Coface Downgrades 28 Countries, 19 on Negative Watch UPDATE: 1 in 4 Homes Damaged by Italian Quake Says RMS For Young Somalis, Piracy Offers Power, Prosperity Aon Reports Kidnap Insurance Costs up ‘Tenfold ‘ in Gulf of Aden Somali Pirates Hijack U.S.- Flagged Container Ship ING to Divest up to $10.6 Billion in Assets; Focus on Europe Ping An Says to Keep ‘Open Attitude’ on Fortis Plan AIG Completes Thailand Asset Sale Marsh Finds Growing Demand for D&O Coverage as Claims Rise AIR Analyzes Italian Quake; Insured Losses $265 to $528 Million Beale, Kerner Take on New Positions at Zurich Validus Releases Text of Letter to IPC Board Aon Specialty Strengthens London-based Energy Unit S&P Revises Groupama Outlook to Negative; Affirms ‘A+’ Ratings Ratings Recap: Steamship Mutual, AXA Ireland, Hang Seng, Tapiola WTO’s Lamy: Doha Deal in Sight after Modalities Agreed Max Defends IPC Calculations; Says Validus’ Letter ‘Misleading’ AIR Reaches $10 Billion Cat Bond Modeling Milestone RMS Analyzes Italian Quake FERMA Welcomes EC Report Favoring Extension of Insurers Block Exemption Somali Pirates Strike Again; Hijack British, Taiwan Vessels Aon UK Launches Free ‘Insurance Health Check’ for SME’s Zurich’s O’Sullivan to Retire Deadly Quake Hits Central Italy Guernsey Welcomes ‘White Listing’ S&P Affirms Fortis Corporate ‘A-’ Ratings; Outlook Negative Antarctic Ice Shelf About to Break Away G-20 Leaders Blacklist 4 Tax Havens Somali Pirates Seize German Container Ship Lord Levene Discusses Protectionism, Recession in Bloomberg Interview Validus Notes ‘Substantial Error’ in Max Cap’s IPC Book Value Calculation Max Capital CEO Says Deal for IPC Better than Validus’ Offer WTO’s Lamy Urges Doha Deal to Help Fight Financial Crisis International Chamber of Commerce Welcomes G20 Support on Trade UK Athletics Appoints Marsh Risk and Insurance Adviser Best Says Validus’ Ratings Unchanged after IPC Offer G20 Seals $1.1 Trillion Deal Swiss Re to Cut Work Force by 10%; Galvagni Named COO Munich Re Concludes Hartford Steam Boiler Buy; Positive Outlook Says Best Willis Re Report Says ‘Reinsurance is the Only Stable Capital Available’ Fortis Delays Vote on BNP Deal S&P Comments on Validus, IPC Holdings, Max Capital Ratings Max Capital Comments on Validus Offer for IPC Holdings Aspen Ratings ‘Unaffected’ by Share Sale Plan Says S&P Ratings Recap: RVI, DuraRock Financial Crisis Imperils Re/Insurers Ability to Access Capital International News Archives
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