International & Reinsurance News for March 2009
- Insurance Orgs Urge G-20; Don’t Apply Bank Solutions to Industry
- Cotter to Head New Allied World Hong Kong Branch
- XL Insurance Names Cabot Director of Global Programs
- Catlin Receives 98.66% Acceptance of Rights Issue
- Lockton Opens Dubai Office
- Flagstone Re Names Kirby to Replace Bolt at Marlborough
- Bolt to Join Lloyd’s as New Underwriting Performance Director
- Ratings Recap: Generali, XL, Blue Fin (Cat Bonds), Sun Hung Kai, B&B, Risk Re
- EU Contributes $17 Million to Caribbean Cat Risk Insurance Facility
- Sources Report AIG Execs in Europe Resist Returning Bonuses
- Global Warming to Blame for 37% of Droughts Says Australian Scientist
- Bank of East Asia to Buy AIG’s Taiwan Securities Unit
- Lloyd’s Finance Director Sees ‘Flight to Quality’
- UK’s Chartered Insurance Institute Examines Industry Flu Pandemic Role
- Aon Survey Finds Aerospace Insurance Market Approached Parity in 2008
- S&P Sees no Lloyd’s Rating Change; “Solid Performance,’ Strong Capital
- XL Insurance Launches Solutions for German Upper Middle Market
- Best Affirms Platinum and Reinsurance Subsidiaries Ratings
- S&P Revises Outlook on ACE Canada to Positive; Affirms ‘A’ Ratings
- Lloyd’s Posts $2.78 Billion 2008 Profit
- Willis Forms FINEX Global for Financial, Executive Risk, Professional Liability
- El Nino Study Challenges Global Warming Intensity Link
- WTO’s Lamy Presses U.S. as World Trade Tumbles
- Ratings Recap: ACE Europe, Unipol
- Willis Joins Catlin as Deputy Chief Investment Officer
- Younger Drivers Distracted by Music Says Australian Insurer NRMA
- Best Affirms ACE Limited and Subsidiaries ‘A+’ Ratings
- Aon’s Airline Insurance Outlook 2009 Report Finds Premium Increases
- US, EU Seek Doha Round Trade Deal ‘As Soon As Possible’
- Transatlantic Elects New Officers
- AIG’s Top Asia Executive Tse Retires
- Ratings Recap: Everest Re (Notes), Int’l. Hannover, China Int’l., Transmonde
- UN Cites Reports of Local Government Links to Somalia Pirates
- Farm-based Biogas, a Neglected Asset in Greenhouse Gas Fight
- Markel International President Sees Further Growth
- Ace Europe Appoints Reynolds UK, Ireland Marine Manager
- UK’s FSA to Propose Overhaul of Global Bank Regulation
- Marsh Warns EU Environmental Laws Expose UK Firms to Increased Risks
- Best Affirms Montpelier Re and Subsidiaries Ratings
- Allianz Posts $3.21 Billion 2008 Loss
- Swiss Re sigma Study Tallies Catastrophic 2008
- Arch Europe to Establish New Lloyd’s Syndicate
- Greenland Thaw Among Feared Climate Shifts by 2200
- Arch Re Names New Chairman/CEO; President/COO
- Aspen Names Villers to Head Financial and Professional Lines Unit
- Willis Launches Unified Global Facultative Unit
- Ratings Recap: Everest Re, NIPPONKOA, Sompo, Evergreen Re, Endurance
- Half of Oil-slicked Australian Beaches Now Clean
- UK Insurance Association Supports Regulatory Reform Principles
- G20: Will Take All Action Needed to Revive Economic Growth
- S&P Raises SCOR and Subs Ratings to ‘A’ On ‘Positive Trend’
- Glencairn Energy Appoints Pickering Deputy Chairman
- Fitch Lowers Berkshire Hathaway’s ‘AAA’ Rating to ‘AA+’
- Best Downgrades AVIVA and Subsidiaries Ratings to ‘A’
- Marsh Sets Up Mid-Size UK Broker Network
- Ratings Recap: Wing Lung, Sagicor, Empyrean Re, ARIG/Takaful, Exchange
- Swiss Re Finalizes Funding Agreement with Berkshire Hathaway
- U.S., China Most at Risk from Natural Disasters Linked to Climate Change
- Report: Japanese Insurers Sompo, NipponKoa to Merge
- Marsh Boosts EMEA Market Relationship Management Team
- London Summit Set to Include Climate Change Talks
- Best Affirms Allianz SE and Subsidiaries ‘A+’ Ratings
- S&P to Review Sompo, NIPPONKOA Ratings on Merger Plans
- Everest Names Herman to Head New Specialty Group
- Facilities Broking Team Joins Oxygen Insurance Brokers
- Bernanke Says G20 Should Guide Regulatory Revamp
- Chubb Finds Disputes over Who Pays Ransoms Put Crew Members at Risk
- Max Cap Updates Status of Alternative Investment Portfolio
- Copenhagen Climate Change Conference Commences
- Marsh Study Finds Recession Creates New Risks for UK Law Firms
- EU Financial Supervision Plans May Be Replicated Globally
- Ratings Recap: UA Indemnity, Dubai Islamic, Eastern Re, Top Layer Re
- Brit Posts Lower Profit – $125 Million; Looking at Dutch Domicile
- Swiss Musical Chairs Continues, As Kielholz Named Swiss Re Chairman
- Lloyd’s Comments on Observance of International Women’s Day
- Lloyd’s Insures Coffee Taster’s Tongue for $13.78 Million
- Aon Launches Cost Reduction Initiative
- UK’s Aviva Posts $1.258 Billion Loss
- RMS Warns Cricket Team Attack Shows Vulnerability of Sports Events
- U.S. Lawmaker Says AIG Failure Would ‘Bring Down Europe’
- Ace Europe Names Edwards for Major Client Risks
- Ratings Roundup: Atradius, Catalana, China Group
- Lloyd’s Survey Finds Satisfied Customers
- Banking Turmoil Could Lead More Graduates to Insurance Says UK’s CII
- New UBS Chairman Villiger Resigns from Swiss Re’s Board
- Ratings Recap: Munich Re, Partner Re, IPC Re [S&P, Best], Vienna, Emirates
- Caribbean Insurance Company Clico Faces Liquidation
- S&P Says Rating Actions on AIG Have No Effect on Transatlantic
- Economic Crisis Fuels UK Corporate Fraud, Corruption Warns Marsh/Kroll
- AIG’s AIA Gets Prudential (UK), Manulife Offers; China Life Declines
- Best Says 2009 Global Non-Life Reinsurance Outlook Remains Stable
- Willis Unit Launches Piracy Prevention, Management Coverage Plan
- Munich Re Drops 2010 EPS Goal on Uncertain Markets
- Willis Analyzes Mining Industry ‘Insurance Crunch’
- Marsh Issues Study on Managing Risk to Survive Current Recession
- Final End of Lloyd’s ‘Names’ Cases May Be in Sight
- Heath to Lead Aon’s Risk Control Team for UK Corporations
- Marsh Appoints O’Keefe Global Energy Claims Leader
- Ace Europe Launches New Program for Sprinkler Protected Property
- Willis: Increase in Capacity, Downturn in Energy Sector Tempers Hardening Market
- EU Leaders Back Financial Supervision Blueprint for Banks
- S&P Says Allianz Ratings, Outlook ‘Unaffected By 2008 Loss’
- Catlin Sponsored Arctic Survey Team Begins Ice Study
- Ratings Roundup: Max Capital, CLICO, China Re, Exchange
- Lloyd’s Opens Polish Office
- Best Raises RSA Operating Companies’ Ratings; S&P Sees No Change
- Best Downgrades Swiss Re’s Ratings
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