International News for March 2005 Earth’s Ecosystems ‘Crucial for Economic, Social, & Spiritual Stability’ UNEP Report Concludes Report Berkshire Returns HIH Premium Payment Q4 Rescues Hannover Re 2004 Profits from Hurricanes S&P, Best See No Effect on Hannover Re Ratings Quanta Establishes Office of Strategic Innovation ACE Europe Appoints Gouveia-Lima Operations Director Carvill Report Indicates “Bermuda High” is Crucial Hurricane Factor Report Equitas Reaches $415 Million Asbestos Settlement w/ McDermott Intl. 8.7 Quake Strikes Indonesian Islands; 2000 Feared Dead; Tsunami Alerts Given, Cancelled Transatlantic Re Elects New Officers ABI Says U.K. Govt.’s. Flood Management Strategy “Flowing in the Right Direction” Highway PLC Acquisition Unlikely to Affect Chaucer Ratings Says S&P Brining to Retire as Max Re Exec. VP Best Upgrades Groupama Units Best Sees “No Change” in SCOR Ratings Linsure Establishes Foothold in Spain Prudential (U.K.) Ousts Bloomer; Tucker Named New Group CEO ACE P/C Operations Approved for Russia, Poland ABI Says Authorities Expose $6.55 Million a Week in U.K. Insurance Fraud S&P Comments on SCOR’s Earnings Announcement SCOR Posts $89.4 Million 2004 Net Profit Best Affirms Bank of Montreal Insurance (Barbados) ‘A’ Ratings S&P Raises Hannover Re (Africa) Rating to ‘BBB’ German Cartel Office Levies Fines on 10 Insurers for Price Fixing Aspen Shareholders Set Secondary Offer Price Best Assigns ‘A’ Ratings to Catlin Insurance (U.K.) Research and Markets Offers Catastrophe Risk and Reinsurance Analysis ABI Study Finds European Corporations Lack Shareholder Democracy Two Swiss Execs Nominated to Converium’s Board Best Affirms West of England ‘A’ Rating IBM Computers Weathered Ivan’s Onslaught ING To Sell Chile P/C Operations to Liberty Mutual CII Announces New Managerial Appointments Arch Capital Implements Succession Plan; Ingrey Succeeds Clements as Chairman S&P Revises AXA U.K. P/C Units Outlook to Stable; Affirms ‘A+’ Ratings ACE Europe Announces 3 New P/C Business Units for U.K., Ireland OIL Hit by Ivan Posts $548 Million Net Loss in 2004 BBC Profiles Willis’ CEO PlumeriS&P Comments on Munich Re 2004 Results Best, S&P Comment on Swiss Re Group’s Results Paris Airport Roof Structure to be Replaced Best Affirms Caisse Centrale Re ‘A+’ Ratings Best Affirms AIG’s Lloyd’s Syndicate ‘A+’ Ratings S&P, Best Comment on Allianz 2004 Earnings Allianz 2004 Profits up 16.4% to $2.93 Billion Zurich Appoints New Group Heads for Human Resources, Marketing and Communications S&P Comments on XL, Winterthur Reserve Negotiations Former CEO to Takeover U.K’s Cox Insurance S&P Lowers Outlook on Alea to Negative Alea Group Posts $10.9 Million Profit; Completes Reserve Review; CFO Resigns Swiss Re Profits up 45% to $2.167 Billion Best Affirms TD Re ‘A’ Ratings S&P Assigns PartnerRe (Ireland) ‘AA-’ Rating; Affirms Partner Re Ratings Munich Re Posts $2.44 Billion 2004 Group Net Profit Best Comments on Munich Re 2004 Results AXIS Ups Dividend; Increases Share Repurchase Plan Certain Aspen Founders to Sell Shares Quanta Posts $14.4 Million Q4 Loss; $54.6 Million Full Year Net Loss S&P Issues Statement on Lloyd’s Market Ratings Eureko Posts Record 2004 Profits; CEO to Step Down S&P Publishes Criteria for Finite Reinsurance Lloyd’s Settles with Central Fund Insurers for $ 292 Million; Best Comments Allianz Investigates Consequences of Climate Change Hurricanes Lower Hiscox 2004 Profits to $148 Million Lippincott to Join Quanta’s Board of Directors R&SA Confirms Plan to Sell U.S. Non-Standard Auto Unit Montpelier Re Completes Secondary Offering Best Comments on R&SA 2004 Results Benfield Reports 2004 Preliminary Results; Profits Hit by Falling Dollar Axis Confirms Marsh to Sell 3.7 Million Shares “Supervolcanoes:” A Potential Global Catastrophe Aon Units Release Global Climate/Catastrophe Report Singapore Workplace Safety Lags Odyssey Re Holdings Corp. Names New CFO Research and Markets Adds Global Insurance Handbook to 2005 Offering R&SA Posts $1.92 Million 2004 Profit; Names Two New U.S. Board Members Lloyd’s Chairman Addresses Norway’s Insurers Aviva Operating Profits up 25% to $4.5 Billion; Offers $2.11 Billion for RAC; Best, S&P Comment Jardine Lloyd Thompson Secures Lloyd’s of London Protection for Financial, Healthcare Sectors Montpelier Re Holdings Notes Sale of Shares Task Force to Address Availability, Affordability Issues for Atlantic Canada Sectors Aspen Insurance Holdings Ltd. Unveils Q4, 2004 Report Endurance Specialty Notes Share Repurchasing from Founding Shareholder Best Assigns Rating for Century Insurance Fairfax Unveils Clean Internal Control Report Max Re Announces Executive Appointments Japan Using New Marine Insurance Law to Apply Pressure on North Korea Lusk Appointed Alea’s Chief Administrative Officer Allied World Assurance Unveils Q4 Report FM Global Sees Strong Numbers for 3rd Straight Year World’s Catastrophes in 2004 Took 300,000 Lives, Cost $49 Billion in Insured Losses, Finds Swiss Re Study Swiss Re Names Lu as Manager in Malaysia Study: About 11,000 Would Die in Tokyo Quake QBE Adds Greenhill Underwriting Group IBC Reports 2004 Financials for Auto, Home and Business Insurance Companies International News Archives
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