International & Reinsurance News for October 2012
- Hong Kong Again Named World’s Top Financial Centre
 - Canada’s Manulife Says Reinsurace Exposure to Hurricane Sandy ‘Manageable’
 - Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds
 - Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage
 - European Insurance Stocks Hit by Hurricane Sandy Fears
 - British Airways Cancels Flights to Hurricane-Hit U.S. Northeast
 - British Columbia Earthquake Causes Minor Damage, Triggers Tsunami Warning
 - Hurricane Sandy Leaves 21 Dead in Caribbean
 - IMF’s Lagarde Urges World Leaders to Act on Unfinished Financial Reforms
 - ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
 - Hurricane Sandy Strengthens to Category 2: RMS
 - Barclays Faces Libor Claim in Landmark UK Court Case
 - Argo International’s Lloyd’s Syndicate Adds Casualty Treaty Reinsurance Class
 - Argentina’s Galeno to Handle Mapfre Workers’ Comp, Health Business
 - Tropical Storm Sandy Still on Hurricane Track; Tony Is Season’s 19th Storm: RMS
 - ACE Adds to Regional Team in UK
 - Barclays Boosts Compensation Fund for Improper Insurance Sales
 - Willis Expands Acquaculture Division, Hires New Underwriter to Lead
 - Tropical Storm Sandy on Track to Become Hurricane
 - Hiscox Names Dixon to Head Catastrophe Research; Adds 2 Reinsurance Trainees
 - Aon Sponsoring NFL Move to Expand American Football in UK
 - Drop in Somali Piracy Attacks Reported; Violence Up in Gulf of Guinea
 - Brit Insurance Drops Cricket Sponsorship
 - As Hedge Funds Cater to Insurers and Pensions, Rich Investors Turn Away
 - Argentina to Require Insurers to Invest to Boost Economy
 - ACE Group Names UK, Ireland Region Promotions
 - Cooper Gay Swett & Crawford Agrees to Private Equity Investment
 - U.S. Trial Set in Chevron Fraud Case Against Ecuador Lawyers
 - Swiss Re Names Fürer, Dacey to Group Executive Committee
 - Hong Kong’s Li Returns to Insurance with $2.1 Billion ING Deal
 - Trial Underway for 4 Accused of Sinking Oil Tanker, Polluting Spain Coast
 - Hong Kong’s Li Nears $2 Billion Acquisition of ING Units: Reuters
 - Mapfre Says Turkey Key to Its Expansion; Acquires Motor Repair Firm
 - OneBeacon Selling Runoff Business to Bermuda’s Armour Group
 - CNinsure Opens First Sales Support Group
 - BrokersLink Adds 13 Members, Expands Internationally
 - Rafael, 9th Hurricane, Bypasses Bermuda; Tropical Storm Paul Weakens
 - China Life Warns on Profits
 - Royal Bank of Scotland Reaches Milestone in Recovery Plan
 - McKinsey’s Casserely to Succeed Plumeri as Willis Group CEO
 - Chairman Nelson Talks About the Future of Lloyd’s
 - Cruise Ship Crash Captain Hears Evidence in Packed Italian Court
 - European Insurers Still Facing Economic Uncertainty: A.M. Best
 - Rising Rates Not Enough to Ease Pressure on UK Insurers
 - Murdoch May Sue Lance Armstrong to Recover Past Libel Settlement
 - Tropical Storm Rafael Batters Caribbean; Heads To Bermuda: AIR
 - RBS Deal with Spain’s Santander Collapses; New Bidders Emerge
 - Tropical Storm Patty in Bahamas Is Hurricane Season’s 16th Named Storm
 - Somali Pirates Free Greek Ship, Claim Ransom Was $5.7 Million
 - AIG to Sponsor New Zealand Rugby
 - Worker’s Injury Sheds Light on China’s Workers’ Comp System, Apple Contractor
 - EU Insurers Strip Coverage from Tankers Storing Iranian Oil: Reuters
 - Ratings Recap: Lancashire (notes), Adamjee, Milli Re
 - Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape
 - ING to Sell Malaysian Insurance Unit to AIA for $1.73 Billion
 - Willis’ Econ. Director Calls for More Transparency, Less Complexity in Models
 - French Non-Life Sector Resilient, Despite Economic Difficulties: Best Reports
 - Global Federation of Insurance Associations Launched
 - R K Harrison Offers Specialist PI Product for Art Market Professionals
 - Best Affirms Greenlight Re and Affiliates Ratings; Outlook Stable
 - Willis Sees Threats on Horizon for Booming Latin American Energy Industry
 - Best’s Report on Spanish Non-Life Sector Finds Profits, Future Challenges
 - India’s Battered Insurers May Need More than Foreign Investment
 - Barclays Bank Shows Retail Intent with Takeover of ING Direct
 - Services Trade Talks Begin as WTO Seeks Way out of Stalemate
 - Best Special Report Sees China as a Market in Transition
 - Big Brazil Health Insurance Deal May be Tough to Replicate
 - Former QBE CEO O’Halloran to Join Australia Broker Steadfast Group
 - Ratings Recap: Leadway, ICON Re, Montpelier Re (Notes)
 - Best Affirms Sirius International Group’s Ratings; Outlook Stable
 - Cooper Gay Launches Terrorism & Political Risk Crisis Management Service
 - Catlin Appoints Maran as Chief Science Officer
 - Miller Opens Paris Office
 - Secure Legal Title Launches Lloyd’s Coverage
 - Aon Benfield’s Monthly Cat Recap Focuses on $7.5 Billion Asian Flood Losses
 - Best Revises HDI V.a.G., Talanx ICR Outlook to Positive; Affirms Ratings
 - Best Affirms XL Group’s P&C Subs, XLIT Ratings; Outlook Stable
 - Chief Investment Officer Blumer to Step down from Swiss Re Post
 - CPC Forecasts Weak El Niño for Northern Hemisphere Winter
 - CNA Canada to Use CargoNet, NER to Combat Cargo Theft
 - Aon Report Finds Loss of Company Reputation Linked to Crisis Events
 - Ratings Recap: Nacional Re, Barents Re, PMG, MS Frontier Re
 - ABI Calls for New Restrictions on Younger Drivers
 - NHC Tracking TS Oscar; TS Nadine
 - R K Harrison Cyber Liability Policies to Include Pre-Incident Cyber Services
 - Gesick Joins AXIS Capital as Group Chief Actuary
 - Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa
 - Best Upgrades Hyundai Marine & Fire, China Sub’s Ratings
 - Probe into Fatal Hong Kong Ferry Collision May Take Six Months
 - Lloyd’s Analyzes Repercussions of Thai Flood Losses a Year Later
 - Karen Clark & Co. Introduces RiskInsight® Platform for Cat Risk Management
 - Catlin Sponsors Demonstration of ‘Touch Table’ Technology
 - Brokers Report Keen Direct Line Interest; But Some Investors Wary
 - At Least 37 Dead in Hong Kong Ferry Collision
 - WTO Director Lamy Says Doha Round Rescue in US, China’s Hands
 - R K Harrison in Association with Chilean Broker Conosur
 - Best Affirms QBE Insurance Group ‘A’ Ratings; Outlook Stable
 - AIR Worldwide Opens Singapore Office to Expand in Asia-Pacific
 - Best Assigns Saudi United Cooperative ‘B++’ Ratings
 - Typhoon Jelawat Hits Okinawa; Moves on Tokyo: AIR Analysis
 - Tornado Hits Fair in Spain; Flood Deaths Reach 10
 - Allied World Europe Launches Corporate Property Line of Business
 
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