International & Reinsurance News for June 2009
- Best Keeps IPC and Subs Ratings Under Review/Negative
- This is It: Massive Headache for Jackson Concert Series Promoters
- Cat Bond Market Still Seeking Collateral Solution
- Marsh Launches Project Prof. Indemnity Insurance Facility for Construction Firms
- Index Insurance Seen Helping Poor Farmers Cope with Global Warming
- Lockton Hong Kong Launches ‘After-Event’ Insurance Product
- Willis Forms ‘Strategic Alliance’ with British Retail Consortium for Insurance
- CGM Gallagher Appoints Tomlin and Rocheford to Sr. Management Positions
- Best Affirms Mitsui Sumitomo’s ‘A+’ Ratings
- Ratings: Argo Re, Heddington, La Colonial, Trinidad & Tobago, Lancashire, Brit
- Marsh: Europe’s Communications, Media, Tech Firms Focus on Risks
- Collector Car Specialist Hagerty Expands into Canada
- Microinsurance Industry Sees Profits from the Poor
- Pirates Free Cargo Ship Near Somalia, One Crewman Dead
- Willis is Positive for Future of Offshore Wind Insurance Market
- Best Affirms Wind River Re’s ‘A’ Ratings, Stable Outlook
- RMS ‘Underwriting Toolkit’ Provides Instant UK Property Risk Assessment
- Steamship Mutual Publishes 2009 ‘Management Highlights’
- Zurich Names Schiavone to Head Global M&A
- Willis UK Broker Networks Mark 10 Years, 100 Members
- French Official Says No ‘Black Box’ Signals from Flight 447
- Key Australian Senator Condemns Proposed Pollution Laws
- Fischer Named to Head AXIS Re
- Reinsurer IPC Taking Bids From Suitors; Opposes Validus Bid
- Allianz Report Urges ‘Coordinated Solution’ to Combat Piracy Threat
- Best Affirms Fairfax, Subs Ratings
- Tropical Storm Andres Forms in Pacific off Mexico
- Brit Insurance Announces ‘Possible Offer’ for Chaucer Holdings
- Ratings Recap: Continental Re, Best Meridian, Al Fajer, Caisse Centrale Re
- RMS Comments on Importance of UK Climate Impact Report
- AIG’s Taiwan Life Insurer Drawing Interest From J.C. Flowers, Fubon
- Air France Preparing First Payment to Crash Victims’ Families
- Irwin to Lead Marsh’s EMEA New Client Development
- SBJ Global Adds New Binding Authority Team
- AIG Picks Deutsche Bank, Morgan Stanley for Joint AIA IPO Role
- No Conclusions Yet in Air France Flight 447 Crash Probe
- Ratings: Everest Re (Ireland), Bosna Re, Peace Hills, Farmers (NZ), Swiss Re (debt), Optimum
- Aon Calls for Lower Premiums on Greener Business
- Best Affirms Paris Re’s ‘A-‘ Ratings
- S&P Places IPC Holdings and Related Ratings on CreditWatch/Negative
- S&P Affirms Max Cap’s Ratings – Off CreditWatch; Outlook Positive
- Red Cross Report Confirms 2008 Rise in Weather-Related Disasters
- Marsh Urges UK Manufacturers to ‘Leverage Risk Management’
- Plumeri Sees Financial Turmoil as an Opportunity for Insurance Industry
- Validus Threatens to Replace IPC Board if Agreement Not Reached
- ACE Opens Branch Office in Turkey
- Aon Launches Risk Financing Decision Platform
- Lloyd’s ‘360 Report’ Analyzes Impact of Global Political Instability
- Worst of Global Crisis May Be yet to Come Says Head of IMF
- World Legislators Warn G8 Must Take the Lead on Climate Change
- Max Capital Terminates Amalgamation Agreement with IPC
- Int’l. Chamber of Commerce Calls on G8 to Avoid Economic Nationalism
- Ratings Roundup: TTB/TTI Club, Oman Insurance, Trust Re
- Den Dekker Elected FERMA President
- Aon Launches ‘Trade Manager’ to Combat Bad Debts
- Zurich Names Reiter as Group Corporate Responsibility Manager
- Reinsurers See ‘No Major Losses’ from Flu Pandemic
- Max Cap Says IPC Shareholders Have Rejected Merger Deal
- Zurich Appoints Howie CFO, CAO – Asia-Pacific/ Middle East
- WHO Poised to Declare First Flu Pandemic Since 1968
- Towers Perrin Names Kozlowski to Lead P/C Consulting in SE Asia
- Marsh Survey Finds Financial European Risk Management Budgets Stagnant
- Air France to Replace Speed Sensors; Searchers Find More Bodies, Debris
- Accenture Study Finds Insurers Continue Expansion Plans
- Guernsey Registers Increase in Insurance License Applications
- S&P, Best Rate Beazley’s Holding Co.
- Best Affirms Everest Re’s ‘A+’ Ratings; Stable Outlook
- Ratings Roundup: Elwood, CIBC Re, Mapfre Praico, RenRe
- EU Ministers Vow Debt Curb; Broach Bank Supervision
- Marsh Warns of ‘Perfect Storm’ in UK Construction PI Insurance Market
- Guy Carp Report Details EU Developments Affecting Insurance
- Validus Increases Offer for IPC
- RMS Completes Micro-Insurance Quake Project for Rural China
- Max Cap, IPC Propose ‘Cash Dividends’ as Part of Merger Deal
- Air France Crash Site Found: 17 Bodies, Wreckage Recovered
- Shrimpton Named as Catlin’s Senior Marine Hull Underwriter
- Caribbean Governments Renew Catastrophe Group Coverage
- ACE Europe Finds Lack of Risk Manager Authority in Financial Crisis
- Air France Jet Likely Broke Apart above Atlantic Ocean
- Best Affirms Intact Insurance (former ING Canada) ‘A+’ Ratings
- Ratings Roundup: Fortis, Patria Re, CIRe
- Amlin to Buy Fortis Dutch Corporate Insurance Unit; S&P, Best Comment
- Aon’s 2009 Marine Insurance Outlook
- Association of British Insurers Warns of Regulation ‘Contagion’
- WHO Official Says World Edging Towards Flu Pandemic
- AIG to Sell Argentina Consumer Finance Operations
- S&P Affirms Hannover Re’s Ratings, But Revises Outlook to Negative
- New Aon Terrorism Threat Map Shows Shift in Sphere of Conflict
- Air France Crash May Remain a Mystery Say Investigators
- Aon to Sponsor Manchester United Beginning with 2010-11 Season
- Argo Renames Lloyd’s Business as ‘Argo International;’ Enoizi New CEO
- IAG Receives Around 4,000 Storm Claims
- Lloyd’s CEO Says Insurance May Play ‘Bigger Role’ in Poor Regions
- High Seas Search Continues for Air France Plane with 228 Aboard
- Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient
- UPDATE: Air France Rio-Paris Flight Missing over Atlantic after Storm
- Aon Trade Credit UK Launches New International Team
- IPC Notes Court’s Dismissal of Validus Scheme of Arrangement Lawsuit
- Panama Moving Slowly on Making Tax Haven Law Changes
- China’s CNinsure Acquires Hongzhengda
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