International News for May 2004

• ACE Names Hernandez as Lead Director
• Best Affirms AG Sovag ‘B++’ Rating
• Montpelier Re Announces $450 Million Credit Line
• S&P Affirms Two QBE Operating Units ‘A+’ Ratings
• AIA Applauds Trade Pact with Bahrain
• S&P Reports on Japan’s Non-life Insurers
• Fairfax Increases Letter Of Credit Facility
• S&P Affirms Alea’s ‘A-’ Rating; CEO Comments
• Cozen Joins United National Board of Directors
• Willis Takes Majority Control of Argentina Broker
• Moody’s Lowers Swiss Re’s Ratings
• Best Comments on Endurance Share Buyback
• Best Affirms Alea Group Subs ‘A-’ Ratings
• Arch’s U.K. Subsidiary Establishes New Construction and Engineering Division
• Best Affirms Montpelier Re ‘A’ Rating; ‘bbb’ Debt
• Munich Re Posts $641 Million Q1 Profit
• ri3k Receives Three ACORD Awards
• Best Assigns ‘A’ Ratings to Mapfre Praico Group
• MJM Investigations Notes Partnership in Australia
• Zurich to Sell Singapore Operations to Australia’s QBE
• Best Upgrades Rating of France’s CCR to ‘A+’; Revises Outlook to Stable
• ri3k Launches LifeRIC Reinsurance Data Hub
• S&P Affirms Sunderland Marine ‘BBB’ Ratings
• Best Affirms Mapfre Asistencia ‘A+’ Rating
• Lloyd’s Issues 2003 Annual Report
• Transatlantic Re Elects New Officers
• Best Affirms Through Transport Mutual ‘B++’ Rating
• U.K.’S Cox Reports 22% 2003 Profit Increase; Announces Outsourcing Plans
• Saudi Arabia to Sell NCCI Ins. Co. Shares to Public
• S&P Assigns ‘A-’ Rating to TrygVesta Group
• Levene Defends Need for ‘Strong Balance Sheets’
• Swiss Re Sees U.S. Economy Strengthening
• U.K. Survey Finds Compensation Culture Concerns
• Zurich Posts $702 Million Q1 Net
• CII Announces Nominations for Officers
• Lloyd’s to Donate $300,000 to NAPSLO Education Fund
• Swiss Re Embedded Value Falls, Share Price Too
• Best Affirms Ratings for PXRE; Outlook Stable
• Best Affirms Rating for ING Canada Group
• Hannover Re Posts Strong Q1 Results
• Espirito Santo: Q1 Results of Insurance Subsidiaries
• Best Affirms Infrassure ‘B++’ Rating
• New RMS Tool Automates Preparation for Exposure Data in Standard ACORD Format
• S&P Assigns ‘AAA’ Rating to MBIA U.K.
• Best Affirms Mapfre Re ‘A+’ Rating
• S&P Assigns ‘BB’ Rating to Russia’s Ingosstrakh
• ri3k in Agreement with Verio for Hosting Services
• S&P Places Mercantile Mutual on CreditWatch-Negative
• R&SA Restructuring Reduces Revenues, But Strengthens Overall Financial Condition
• Best Affirms Northbridge Affiliates ‘A-’ Ratings
• Stokholm to Resign as Zurich Australia CEO
• Best Affirms Mapfre Mutualidad ‘A+’, ‘aa-’ Ratings
• ING Posts Q1 Gains in all Sectors Gains; Will Sell Australian Business to QBE
• Best Affirms AXA Canada Ratings
• Lloyd’s Appoints Battmann Representative in Spain
• S&P Affirms Montpelier Re Ratings; Outlook Stable
• Munich Re Opens New Office Building
• S&P Puts Allianz ART Unit on CreditWatch
• Assured Guaranty Posts $46.9 Million Q1 Net
• Swiss Re Reports on Nanotechnology Insurance Perspectives
• Halliburton Close to a Deal on Asbestos Liabilities
• Best Affirms Hang Seng Insurance ‘A+’ Rating
• Canada’s ICLR Unveils “Disaster Resilient” Home
• Furst Named Director of CAT Services at RGL – Forensic Accountants and Consultants
• Chubb Publishes Report on “Stalking” in the U.K.
• Best Affirms GCAN ‘A’ Rating
• CEO Notes Willis’ Progress at Shareholders Meeting
• S&P, Moody’s Give Assured Guaranty High Ratings
• Lloyd’s Authorized to Conduct Business in 8 New EU Member Countries
• AXA Posts 2.3% Increase in Adjusted Q1 revenues; 1.9% Decline in Reported Revenues on Euro’s Rise
• Aspen Reports $85 Million Q1 Net
• Best Affirms Endurance Specialty ‘A’ Rating
• S&P Assigns ‘A-’ Rating to German Surety Insurer
• Max Re Posts $43 Million Q1 Net
• Zurich Names Stuart to Head UK Insurance Business
• S&P Issues Report on French Mutual Sector
• Allianz Reports Strong Q1 Results
• RenRe Posts $137.8 Million Q1 Operating Income
• S&P Puts American Steamship on CreditWatch-Negative
• Renggli to Head PartnerRe Finite Reinsurance-Global
• XL Capital Post Record $452.2 million Q1 Net
• AIG Names Dr. Jacob A. Frenkel Vice Chairman
• Meacock joins ri3k as European Sales Manager
• AXIS Reports Record $166.8 Million Q1 Net
• Navigators Launches Technology Insurance Unit
• Max Re Names Becker to Board
• Arch Prices Notes; Best Assigns ‘bbb’ Rating
• XL’s London Market CEO to Leave Post
• XL Appoints McNichols as Global Chief Actuary
• Allied World Posts $89.4 Million Q1 Net
• EU Expands to 25 Countries

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