International & Reinsurance News for December 2009
- Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’
- Wildfires Destroy Homes in Western Australia
- Willis Re January Renewal Report Finds ‘Disciplined Softening’ in Market
- Praise and Honors for Lloyd’s Retiring Franchise Director Rolfe Tolle
- Ratings Recap: Transsib Re, AmerInst
- Munich Re Analyzes 2009 Nat Cats; A Lot, But Few Big Ones
- Maritime Watchdog Reports Somali Pirates Seized UK tanker
- Greek Anarchists Claim Insurance Company Bombing
- Swiss Re Forecasts Increasing Demand for Natural Catastrophe Coverage
- ABI Finds Trade Credit Insurers Paid ‘Record Amount’ in Q3 Claims
- Munich Re CEO Slams Copenhagen Failure; Calls for ‘Small Party’ Talks
- Best Revises Samsung Fire Outlook to Positive; Affirms ‘A+’ Ratings
- Zurich Obtains $225 Million Calif. Quake Backup from Lakeside Re II
- Somali Pirates Receive $4 Million Ransom for Chinese Coal Ship
- Europe Feels Left Out in Cold on Climate Change Deal
- XL Re to Change Latin America Management, Underwriting Structure
- Ratings Recap: SecuriCan, Pioneer, Sovereign, Meritz, Island Capital
- China Responds to UK Claims; Says It’s ‘Sowing Discord’ in Climate Talks
- Indonesia’s Next Big Quake Due under Mentawais Islands
- S&P Revises Outlook on Credit Insurer Coface to Negative
- Torus Names Fillingham UK COO
- Ratings Recap: Cattolica, Ghana Re, Al Ittihad, Grafton, RCHL
- UK’s Environment Minister Reported to Accuse China over Climate Talks
- Best Comments on IFSB’s Exposure Draft Standard for Takaful Solvency
- S&P Raises Platinum Holdings Ratings to ‘BBB+’; Insurance Subs Rated ‘A’
- U.N. Climate Talks End ‘With a Bare Minimum’ Agreement
- Allianz, ThyssenKrupp CEO’s Warn of New Market Bubbles
- Rose Joins XL Board
- QBE Europe to Purchase Munich Re’s Evergreen Brand, Renewal Rights
- S&P: Europe’s Insurers Weather Storm, But ‘Resilience Will Be Tested’
- Best Affirms Zurich’s ‘A’ Ratings
- Willis Completes Gras Savoye, Astorg Leveraged Transaction
- Marsh to Acquire HSBC Insurance Brokers; Enters ‘Strategic Partnership’
- Ratings: NIPPONKOA, Russian Re, Lemma, Lakeside Re, Inter Hanover
- NAB Trumps AMP in $12 Billion Offer for AXA Asia-Pacific
- Marsh Warns Recent Losses May Hit UK Jewelry Insurance Market in 2010
- Best Affirms Ratings of Lloyd’s Syndicate 2001 and Amlin plc
- Best Affirms Amlin Bermuda ‘A’ Ratings
- AIR Analyzes Impact of Tropical Storm Laurence on Western Australia
- UN Climate Talks Resume; US Backs $100 Billion Aid Fund
- Best Affirms Lloyd’s Syndicate 570 & 609 ‘A’ Ratings
- Best Affirms Arch Re and Affiliates ‘A’ Ratings; Stable Outlook
- ING Gets Rights Issue Boost Ahead of Asset Sales
- PartnerRe Appoints Carre Group Risk Management Director
- World Leaders Try to Save Troubled Climate Talks
- S&P Upgrades Catlin’s Subsidiaries Ratings to ‘A’; Outlook Stable
- Best Affirms Swiss Re and Subs ‘A’ Ratings; Outlook Stable
- Willis Concludes Financial Institutions’ Hard Market May Soften in 2010
- Best’s Report Finds Bermuda Companies Face ‘Significant Challenges’
- ACE Study Finds Businesses Underestimate Supply Chain Risks
- Norway’s Risk Management Association Becomes 20th FERMA Member
- Aon to Acquire Construction Insurance Broker FCC Global of Spain
- Ratings Recap: XL Europe, Wagram, NAGICO, AGS, ARIG
- FERMA Comments on Proposed EU Insurance Block Exemption Changes
- UN Reports Natural Disasters at Decade Low in 2009
- U.N. Copenhagen Climate Change Talks to Resume after African Protest
- FSA, Lloyd’s Approve Montpelier Re’s Paladin Agency as Coverholder
- EU Presses IMF to Support Financial Transaction (Tobin) Tax
- WTO Members Narrow Gaps on Standards in Doha Round Advance
- NOAA Forecasts El Nino to Last into Spring 2010
- Insurance ‘Central to our Climate Security’ Says Lloyd’s CEO
- Ratings Recap: WUEBA (Chartis), Solid, West of England Club, Coface, InterGlobal
- Willis Shareholders Approve Proposal to Change Incorporation to Ireland
- Aon Risk Services Names Malik as New CEO for Asia
- Bermuda Study Calls Ocean Chemistry ‘Smoking Gun’ of Climate Change
- Allianz Forecasts Emerging Asian Markets to Lead Global Growth in 2010
- Bermuda Concludes Tax Information Agreement with Belgium
- Best Sees No Ratings Change from Torus, Sideris Re Merger
- Catlin Makes Board Changes
- IPCC Head Says Copenhagen Summit ‘Pretty Good’ if CO2 Cut by 20%
- Torus and Sideris Re to Merge
- Ratings Roundup: Novae, DAS Legal
- UK’s Met Office Says Global Temperatures Rising Since 1850
- ACE Names Furgueson President, Multinational Client Group for Int’l. P/C
- Mitchell Joins Arch London Property Team
- PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange
- PartnerRe Completes PARIS RE Acquisition
- World Bank Considering Post-war Political Risk Insurance
- Ballard Joins Marsh Jewelers’ Block Insurance Team in London
- Zurich Completes Internal Legal Entity Restructuring
- Association of Bermuda Insurers, Reinsurers Elects Officers for 2010-11
- UN Climate Talks Open in Copenhagen; Deal ‘Within Reach’
- Ratings Roundup: Oman, SNS REAAL, Caribbean Alliance
- Validus Appoints Senior Construction, Engineering Underwriters at Talbot
- Aviva Sells RAC France
- S&P Raises PARIS RE Ratings to ‘A+’
- ‘Fog in Channel’ – The Disconnect between England and France
- France Tries to Calm Britain’s Angst over Regulation Threats
- Ratings Roundup: Hyundai, Al Fajer Re, Jordan
- Swiss Re Obtains $150 Million Backup for Hurricanes, Quakes and Windstorms
- China, Other Big Developing Countries Reject Copenhagen Climate Plan
- Bakker to Head Willis European Capital Markets, Advisory Unit
- Miller Expands Corporate Risks Capability
- Max Capital Establishes Latin American Reinsurance Operation
- Best Affirms Harbor Point Re and U.S. Subsidiary ‘A’ Ratings
- Aon Names Simmons, Finch, Smith to London Credit Insurance Team
- Marsh Says Corporate UK Insurance Rates Could Fall by up to 10% in 2010
- Flagstone Re Buys Retrocessional Coverage from Montana Re Cat Bond
- American Bar Ass’n. Antitrust Section Approves EU’s Block Exemption Reg
- UK’s Darling Backs Stronger European Regulation
- Swiss Re Economists See Gradual Recovery; Regulation Concerns
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