International News
News for August 2002
August 30, 2002
August 29, 2002
- Fortis 1st Half Net Profit Falls 18% to $1.49 Billion
- Swiss Re 1st Half Results: Premiums Up, Net Income Down
August 28, 2002
- Munich-American RiskPartners Restructures Canadian Operations
- A.M. Best Affirms Lloyd's 'A-' (Excellent) Ratings
- FSA Fines R&SA $2 Million; A.M. Best Lowers Ratings to 'A-' (Excellent)
- Diederik Laman Trip New Chairman of ING's Netherlands Management Committee
August 27, 2002
- XL Capital Assurance Establishes London-Based Financial Guarantee Subsidiary
- Krarup Resigns as Head of Nordea Group
August 26, 2002
- Principal Financial to Sell Australian Operations to Westpac
- Peter Gloystein to Leave ING in Strategy Conflict
August 23, 2002
- S&P Puts Kyoei on CreditWatch After Cancellation of Plan to Join Millea
- ING Reports 2% Decrease in 1st Half Operational Net to $2.347 Billion
August 22, 2002
- PXRE Selects John Modin as CFO to Succeed James Dore
- Hannover Re, Converium Expect Minimal Flood Losses
August 21, 2002
- A.M. Best Affirms Hannover Re 'A+' (Superior) Ratings
- S&P Downgrades R&SA Ratings from 'A+' to 'A'
- AXA 1st Half Operating Profit Rises to $1 Billion
August 20, 2002
- Heavy Rains Raise Flood Fears in Southern China
- Insurers Have Limited Exposure to East Europe Flood Claims
August 19, 2002
- Partner Re Reports Claims from European Flooding Could Approach $100M
- A.M. Best Downgrades Rating for Optimum General's Subsidiaries
- European Flood Update - Losses in the Billions
- Moody's Places R&SA on Review for Possible Downgrade
August 16, 2002
- S&P's Maintains Negative Outlook for European Reinsurers
- S&P's assigns Odyssey Re Holdings BBB-minus rtg
- Taiwan's Chung Kuo Ins. Rated BBB+; Outlook Stable
August 15, 2002
- Swiss Re Creates U.S. Advisory Board
- S&P's: ACE Europe Reports $90 Million Loss for 2001
- A.M. Best Assigns Rating to XL Capital Ltd Preferred Shares
- S&P's Says Too Early to Assess Czech Floods
August 14, 2002
August 13, 2002
- Endurance Specialty Reports 2ndQ Net Income of $31.3M
- S&P's Publishes Enhanced Criteria in Analyzing Eligibility of New Classes of Hybrid Capital
- MMC in Talks to Acquire London-Based Benfield Group
August 12, 2002
- Arch Capital Reports Net Premiums of $223M for 2ndQ
- Shinkong Outlook Revised to Negative
- Zurich Financial Reports $100M Realized WorldCom Loss
August 9, 2002
- S&P's Rates Bluewater ASA 'BBB-'; Outlook Stable
- Greenberg Joins ACE Limited Board of Directors
- XL Capital to Issue Preference Ordinary Shares
August 8, 2002
- Hengesbaugh Appointed President of PXRE's Bermuda Operations
- SCOR Reports 16 Percent Rise in Premium Income
- A.M. Best Affirms Rating of Allianz
August 7, 2002
- ACE Hires Shaw to Head ACE Tempest Re Europe
- Lloyd's Hardy Underwriting to Boost Capacity for 2003
- MS Frontier Re Rated 'AA'
- Sherwood International Reports Mid-Year 2002 Gains
August 6, 2002
August 5, 2002
August 2, 2002
- CATEX to Implement Broking Mgmt. System for Bowood Partners
- S&P's Places Allianz and Dresdner on Watch Neg
- S&P's Affirms 'Bbpi' Ratings on Pair of Philippine Insurers
- White Mountains Increases Book Value in 2ndQ
August 1, 2002