International News for March 2003 Report AXA to Sell Stake in Cologne Re to General Re S&P Sees Limited Impact from Tokio, Nichido Merger Gerling Gets Favorable Court Ruling on Plans to Sell Reinsurance Unit S&P Expects to Assign an ‘A’ Rating to Promina General Insurance Subsidiaries S&P Cuts Munich Re and Core Subsidiaries to ‘AA-’ Brit Considering $245 Million Offer for PRI Group; Best Puts Ratings Under Review Hannover Re Responds to Downgrade by Moody’s Millea to Merge Tokio Marine, Nichido Operations XL Capital Appoints David P. Shea as for Financial Products and Services Segment Munich Re Posts $1.7 Billion 2002 Net Profit; Premiums Up 10.8% A.M. Best Affirms Generali’s A+ (Superior) Ratings Swiss Re Reports $66 Million Net Loss for 2002; to Reduce Dividend Payment Equitas Announces Management Succession and Board Changes Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help AlphaStar to Sell Its Realm National and World Trade Subsidiaries to AIM ABS EQECAT to Hold 2003 European Catastrophe Management Summit in Barcelona Allianz Launches its first P/C Operation in China Trenwick Group and LaSalle Re Expect to be quoted on OTC Bulletin Board S&P Affirms AIG’s ‘AAA’ Ratings S&P Affirms Le Mans Re ‘A+’ Ratings Hub International Unit Expands in British Columbia ACE Comments on S&P Rating Reaffirmation III Announces “Marine Insurance Issues 2003″ Seminar on April 28 Walter Kielholz to Retire from PartnerRe’s Board; Dividend Payment Set Fiat to Sell Toro Insurance Unit to De Agostini SpA for $2.54 Billion Best Lowers Allianz Ratings, Company Denies Report on Asset Sales No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges Zurich to Exit Latvia, Lithuania and Estonia Best Downgrades Winterthur Group Ratings AlphaStar Insurance Group Reports Resignation of Two Directors Transatlantic Re Elects New Officers, Declares Dividend Robert A. Blee Named Chief Compliance Officer of ACE Limited Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses Moody’s Lowers AXA’s Debt Ratings Industry Faces Reality of War in Iraq Generali Posts $800 Million 2002 Loss XL Capital Appoints Joseph C. Henry as Global Controller of XL Global Services ESG Re Limited to Deregister Common Stock Hans-Peter Gerhardt Named New AXA RE CEO Sir Robert Horton Retires from PartnerRe’s Board of Directors Ravi Nathan Appointed Sr. VP of ACE USA Global Weather R&SA Canada to Provide Travel Coverage for ETFS Group A.M. Best Affirms B++ Rating of Fuji Fire & Marine; A+ Rating of NZ’s ACC ING Shares Fall on News of $14 Billion Goodwill Write Down Report Credit Suisse to Sell Churchill Ireland, World Celebrate St. Patrick’s Day, Despite War Threats, Insurance Rate Hikes Lloyd’s Chairman Calls for Change in Paperwork Processing Best Affirms Most Ratings on Canada’s Fairfax Fortis Weathers a Bad Year, Dividend Unchanged, Shares Rise 22% AVIVA’s Delta Lloyd “Goes Live” with FINEOS Claims Management System Monte Dei Paschi Acquires 3.1% Stake in Generali Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers Allianz, Partners Close Terror Insurer for Lack of Business Gerling Seeks To Transfer $221 Million to Reinsurance Unit inreon Expands in Japanese Market Insurance Bureau of Canada Says Industry Reached a “New Low” in 2002 Buffett Comment Causes Concerns on Reinsurance A.M. Best Raises Rating of AXIS Specialty Limited Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk A.M. Best Places Rating of The Underwriter Insurance Company Under Review New Swiss Re Technical Publication Issued for Calculating Claims Ratio in Third Party Auto Liability Insurance S&P Indicates No Rating Changes After R&SA Earnings Report Allianz Comments on S&P’s “A+” Ratings for its Marine and Aviation Unit S&P’s Rates South China Insurance ‘BBB’; Outlook Stable ESG Re Appoints Collery as Director S&P’s Affirms DaVinci Re ‘A’ Ratings; Outlook Stable Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary A.M. Best Notes Royal & Sun Alliance Group Ratings Remain Unchanged W.R. Berkley Corp. Notes Plans to Form U.K. Operation A.M. Best Lowers Rating of Top Layer Reinsurance Ltd. A.M. Best Affirms Rating of Egypt Re Co-operators General Company Notes 4thQ 2002 Loss of $2,518,000 European Commission Approves GAUM Sale to Berkshire, Converium, Munich Re Trenwick Continues Restructuring Discussions Marsh Granted Brokerage License in India International News Archives
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