International News
News for March 2003
March 31, 2003
- S&P Sees Limited Impact from Tokio, Nichido Merger
- Report AXA to Sell Stake in Cologne Re to General Re
- S&P Expects to Assign an 'A' Rating to Promina General Insurance Subsidiaries
- Gerling Gets Favorable Court Ruling on Plans to Sell Reinsurance Unit
March 28, 2003
- 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
March 27, 2003
- 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
- Munich Re Posts $1.7 Billion 2002 Net Profit; Premiums Up 10.8%
March 26, 2003
- 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
March 25, 2003
- S&P Affirms AIG's 'AAA' Ratings
- S&P Affirms Le Mans Re 'A+' Ratings
- Hub International Unit Expands in British Columbia
March 24, 2003
- Fiat to Sell Toro Insurance Unit to De Agostini SpA for $2.54 Billion
- Best Lowers Allianz Ratings, Company Denies Report on Asset Sales
- 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
March 21, 2003
- Zurich to Exit Latvia, Lithuania and Estonia
- No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges
- 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
March 20, 2003
- Moody's Lowers AXA's Debt Ratings
- Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses
- Industry Faces Reality of War in Iraq
March 19, 2003
- Sir Robert Horton Retires from PartnerRe's Board of Directors
- Hans-Peter Gerhardt Named New AXA RE CEO
- ESG Re Limited to Deregister Common Stock
- XL Capital Appoints Joseph C. Henry as Global Controller of XL Global Services
- Generali Posts $800 Million 2002 Loss
March 18, 2003
- 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
March 17, 2003
- Report Credit Suisse to Sell Churchill
- ING Shares Fall on News of $14 Billion Goodwill Write Down
- Best Affirms Most Ratings on Canada's Fairfax
- Lloyd's Chairman Calls for Change in Paperwork Processing
- Ireland, World Celebrate St. Patrick's Day, Despite War Threats, Insurance Rate Hikes
March 14, 2003
- 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
March 13, 2003
- Lloyd's Awards U.S. Brokers; Accredits New Asian, 2 London Brokers
- Swiss Re sigma Study Puts 2002 Cat Losses at $13.5 Billion
- Allianz, Partners Close Terror Insurer for Lack of Business
March 12, 2003
- Insurance Bureau of Canada Says Industry Reached a "New Low" in 2002
- Gerling Seeks To Transfer $221 Million to Reinsurance Unit
- inreon Expands in Japanese Market
March 11, 2003
- A.M. Best Raises Rating of AXIS Specialty Limited
- Buffett Comment Causes Concerns on Reinsurance
- 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
March 10, 2003
- Allianz Comments on S&P's "A+" Ratings for its Marine and Aviation Unit
- 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
March 7, 2003
March 6, 2003
- S&P's Affirms DaVinci Re 'A' Ratings; Outlook Stable
- A.M. Best Notes Royal & Sun Alliance Group Ratings Remain Unchanged
- Endurance Specialty Holdings Names Bell Pres. of Bermuda Subsidiary
March 5, 2003
March 4, 2003
March 3, 2003