International News
News for August 2004
August 31, 2004
- UPDATE: Category 3 Hurricane Frances Still Heading towards U.S.
- Converium Completes External Reserve Review; Share Issue to Raise $420 Million
- New Report on U.K. Insurance Market Issued
- ACE Announces Japan, N.Z. Management Changes
- Allied World Opens London Office
August 30, 2004
- Typhoon Chaba Hits Southern Japan
- CII Notes Agenda for Annual Conference
- Research and Markets Report on Insurance Outsourcing Focuses on India
- Hurricane Frances Heading towards U.S.
- Best Assigns 'A-' Rating to Aetna (Bermuda) Ltd.
- Edith Holiday Elected to White Mountains' Board
August 27, 2004
- Still No Answers on Russian Plane Crashes
- Best Assigns Ratings to Lloyd's Syndicate 1084
- Zurich's Emerging Markets Unit Adds Marketing Manager in Hong Kong
August 26, 2004
- Swiss Re 1st Half Net Doubles to $1.1 Billion
- European Insurers Consider Certain Terrorist Risk Exclusions for Airlines
- SCOR Posts 38.7 Percent 1st Half Net Income Increase to $70 Million
- AXIS Estimates Charley Impact at $60-80 Million
- DRI Australia Conferences on "Frivolous Lawsuits"
August 25, 2004
- 89 Reported Dead in Two Russian Plane Crashes
- Typhoon Aere Hits Taipei; South China on High Alert
- Aspen Puts Charley Losses between $35-50 Million
- Best Assigns Arch (Europe) 'A-'; 'a-' Ratings
- IPC Sees Charley Losses Between $35-$45 Million
- U.K.'s Admiral Plans $416 Million IPO
- PXRE Estimates Charley Losses at $13 to $18 Million
- S&P Rates Norway Energy & Marine 'BBB'
August 24, 2004
- White Mountains, Montpelier Re Hurricane Charley Loss Estimates May Top $100 Million
- "Scream" Theft Focuses Attention on Art Insurance
- Fairfax Puts Charley Losses at $40 Million
- Typhoon Aere Bearing Down on Taiwan
- Platinum Estimates Net Impact From Hurricane Charley at $20 Million to $35 Million
- XL to Redeem All "LYONs" Notes Due 2021
- Max Re Says Charley Impact Between $6-$9 Million
August 23, 2004
- RenRe Estimates Charley Impact Between $100-140 Million, Including DaVinci Re
- Endurance Reports Charley Loss at $43-48 Million
- Munch Masterpiece Stolen - Again
- ACE, Arch Give Charley Loss Estimates
- Indian Leftist Parties Oppose Raising Foreign Insurance Investment Cap to 49%
August 20, 2004
- Liberty Mutual to Buy AGF's Chilean Subsidiary
- PartnerRe, Converium, Transatlantic and SCOR Give Preliminary Loss Estimates from Hurricane Charley
- CIRC to Allow China's Insurers to Invest Foreign Currency Holdings Offshore
- S&P Assigns Austria's Wiener Städtische 'A' Rating
- Best Rates XL's Senior Notes 'a-'
August 19, 2004
- Zurich Reports 93% Rise in 1st Half Net to $1.448 Billion; Losses from Charley Estimated at $150 Million
- Swiss Re Estimates Charley Claims Under $200 Million
- S&P Raises Ming An Insurance Co. Ratings to 'BB'
- XL Estimates Charley Claims at Around $125 Million
- S&P, Fitch Rate XL's Senior Notes 'A'
August 18, 2004
- Chinese Regulator Approves Willis Joint Venture
- EC to Begin Formal Work on Insurer/Reinsurer 'Solvency 2' Rules in 2005
- Norwich Union Tests 'Pay-as-you-Go' Auto Insurance
- ACE Plugs Risk Data Gap with Launch of Online Tool
- S&P Report Says Singapore's Life and Nonlife Insurance Industries Stay Resilient; Outlook Stable
August 17, 2004
- Allianz Posts Strong 1st Half Results
- Foreign Insurers Are Assessing Charley's Impact
- Lloyd's Opens West Coast Office in L.A.
- Best Affirms Brit Insurance 'A' Rating
- Best Affirms Alliance Re 'B++' Rating
August 16, 2004
- AGF Posts Record $660 Million 1st Half Net
- AXA UK Names Richardson Group Business Risk Director
- Zurich Divests Taiwan Life Business
August 13, 2004
- Charley Batters Cuba; Heads Towards Florida
- Best Upgrades Lloyd's Rating to 'A'; Mgmt. Comments
- Best Takes Rating Actions on Lloyd's Syndicates
- R&SA Proves Less Is More as 1st Half Results Beat Expectations; Codan Not For Sale; Best Comments
- S&P Assigns 'A-' Rating to Finland's Pohjola
August 12, 2004
- Hannover Re Posts Strong 1st Half Earnings
- S&P Lowers Oil Casualty to 'A-'
- S&P Raises Aviva's French Unit to 'AA-'
- Aspen Insurance Holdings Prices Notes
- Fitch Affirms XL Capital Ltd. Ratings
- Transatlantic Names Apfel Senior VP-Chief Actuary
- S&P Revises Outlook Swedish Club to Positive
- Hurricane Charley Heads for U.S. Mainland
August 11, 2004
- Charley Threatens Caribbean Islands
- Vehicle Destruction May Be Ultimate Sanction for Uninsured U.K. Drivers
- Best Assigns 'B++' Rating to London General
- Allianz Appoints Bowers New Asia CEO
- Best Assigns Indicative Ratings to Axis Debt Issues
- R&SA Reported to be Reconsidering Codan Sale
- Best Assigns "bbb" ratings to Aspen Notes
August 10, 2004
- Kroll Acquires U.K. Employee Screening Company
- ACE European Group Predicts More Alternative Risk Financing Over Next Five Years
- Best Affirms Markel International 'A-' Rating
- S&P Rates Aspen Holdings 'BBB'
August 9, 2004
- A.M. Best Downgrades Corifrance Rating
- Accident Compensation Corp. Chooses SumTotal for Improvement to Workforce Readiness
- Endurance Specialty Reports $850M Credit Facility
August 6, 2004
- A.M. Best Affirms FSR for Island Heritage Insurance Co.
- Kingsway Notes Record Income for Q2
- Cross Appointed Chief Actuarial Officer for Non-Life Reinsurance at XL Capital
August 5, 2004
- PXRE: Q2 Income Rises 51%
- Christiansen Appointed President, CEO of Lindsey Morden and Cunningham Lindsey U.S.
- PXRE Group Names Josephson to Board of Directors
- Endurance Specialty Appoints New Board Member
August 4, 2004
August 3, 2004
- Tower Group: North American Insurers See Growth in Emerging Markets for Asia, Europe and Latin America
- Quanta Announces First Profitable Quarter
- London Club Stresses Value of Cohesive Claims Defense
August 2, 2004
August 1, 2004